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M1 Finance Promotions of 2024

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M1 Finance periodically offers limited-time promotions to members and non-members to help them fund and grow their investment accounts more rapidly. While there are no new offers for December, here are M1 Finance's current offers, including how much you could earn.

M1 Finance Earn Referral Program: Receive a 0.50% APY boost for three months (for yourself and a friend)

M1 Finance
Learn More for M1 Finance

On M1 Finance's Secure Website.

Ratings Methodology
M1 Finance

M1 Finance

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Our Rating:

Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
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Bottom Line

M1 Finance gets high marks for combining investing and banking products. M1 Finance offers the support of automated investing tools and the freedom to pick your own stocks and build a customized portfolio. If you want features similar to that of a robo-advisor experience, but with extra flexibility for hands-on investing, consider M1.

Fees:

No commission, trading, or management fees for self-directed accounts. Platform fee of $3 monthly.

Account Minimum:

$100 for individual account, $500 for retirement account

Learn More for M1 Finance

On M1 Finance's Secure Website.

M1 is not a robo-advisor and only offers self-directed brokerage services.

How you earn it: Share your unique "Earn" referral link with a friend who's not an M1 Finance customer. If your friend is approved to open an M1 High-Yield Cash Account and successfully funds the account with at least $1,000 within 30 calendar days from their new-user sign-up date, the APY paid on all funds held in each of your M1 High-Yield Cash Accounts will be boosted by 0.50% for three months.

How you qualify:

  • You have your own funded M1 High-Yield Cash Account.
  • You provide a friend with a unique "Earn" referral link. That friend uses that link to open and fund an M1 High-Yield Cash Account within 30 calendar days, depositing a minimum of $1,000 within 30 calendar days from their new-user sign-up date.
  • "New-user sign-up date" refers to the date your friend successfully submits a valid email and password to create an M1 Finance user login.

Terms and conditions associated with this offer include:

  • Your personal referral link must be used to qualify for the rate boost.
  • The person opening the account must be a new customer.
  • You and your friend will receive the APY promotional boost within 24 hours following the first day on which your friend funds their M1 Finance account.
  • Interest earned will be paid into the applicable M1 High-Yield Cash Account on or around the end of each eligible calendar month.
  • You are only permitted to receive up to two APY promotional boosts.
  • If you're eligible for two APY promotional boosts, one will apply after the other. In other words, you'll receive a 0.50% boost for three months, followed by another 0.50% for the next three months.
  • You can continue to share your unique referral code with friends, although you will not receive any additional APY promotional boosts. However, qualified friends who use your link will still receive their APY boost.

Offer expires: Dec. 31, 2024, 11:59 p.m. ET

M1 Finance Refer-a-Friend Program: Earn a $75 bonus for successful referral of a friend

How you earn it: Share your referral code with a friend who signs up and funds their account with $10,000.

How you qualify:

  • Send your unique referral link to a friend.
  • Once your friend clicks on the link, they create an account.
  • Within 14 days, your friend must deposit at least $10,000 via ACH.

Terms and conditions associated with this offer include:

  • You must have a funded M1 Finance brokerage account.
  • This referral offer is valid only for new M1 Finance account users.
  • Your friend must use your referral link to sign up for their new brokerage or retirement account.
  • Your friend must be approved to open an M1 Finance brokerage or retirement account.
  • Your friend must deposit at least the account opening minimum amount into a brokerage or retirement account within 30 calendar days of their sign-up date.
  • Your friend must maintain their initial funding amount of at least the account opening minimum amount in their account for an additional 30 calendar days after funding.
  • You're eligible to earn the investment bonus up to 10 times, for a total of $750 extra to invest.

Offer expires: Dec. 31, 2024, 11:59 p.m. ET

What else should you know about M1 Finance's bonuses?

As is common among brokers, M1 Finance changes its promotions regularly. Some bonuses are more significant than others, and some require a smaller deposit. If you're interested in M1 Finance, your best bet is to watch for current bonuses.

Are M1 Finance's promotions worth it?

M1 Finance's current bonuses are attractive only if you are able to complete the qualifying requirements. Even then, you may find larger bonuses available through other brokers.

Alternatives to Consider

We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.

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FAQs

  • Yes, you can participate in as many referral programs as are available. However, you can only receive credit for one promotion per person you refer.

  • There are many brokers vying for your business. While there's nothing wrong with the current M1 Finance bonuses, you may find more generous offers elsewhere. However, if you've researched different brokers and realize that M1 Finance is the best fit for you, the size of a bonus should not be the only deciding factor.