$100 M1 Finance Referral + $100 Sign-up Bonus [Feb 2024] (2024)

You will receive your M1 Finance referral bonus within 14 days of opening a new account. Once the referral qualifications are met, you will see your $50 promotion underSettings > Promotions. You might see that the promotion was successful beforeM1 Finance applies thepromotionto your Account. Note that you will only receive the M1 referral credit when youdeposit at least $100 USDto your M1 Finance account. If you didn’t receive your referral credit, you can contact support and inquire about it. Note that you must not withdraw the initial deposit from your account for 30 days.

Did You Not Receive Your M1 Finance Bonus?

If you did not receive your referral promotion, it could be for several reasons. First, you may not have the right account type. To qualify for the M1 Finance referral promotion, you must open an individual or joint investing account. M1 Finance calls these accounts “Payment Accounts.” If you opened an IRA account, make sure also to open a Payment Account. Note that you do not need to fund these accounts to receive your referral credit. The second common reason for not receiving the referral promotion is not making the required initial deposit. As noted earlier, you must deposit at least $100 in an individual investment account and $500 in a retirement account to qualify for this promotion.

Does M1 Finance have a Free Stocks Sign up Bonus?

Many new stockbrokers are now offering free stocks as a sign-up bonus when you open a new account. As of July 2022, M1 Finance does not have free stocks sign-up bonus. The Give $50, Get $50 is the only M1 Finance sign-up promotion at the moment.However, if you are looking to receive free stocks, you may consider signing up for a newWeBull,Robinhood, orTastyworks account.

Referral Programs Similar to M1 Finance

Driven by tremendous growth from zero-commission investing apps, more Americans are taking their financial future into their own hand. This trend has increased the competition for customer acquisition, and thus the marketing and referral expenditure of investment apps. While the higher cost of user acquisition may sound like a heavy expense for these companies, it’s a relatively inexpensive way for them to bring in more business (read our article onhow M1 Finance makes profit). If you’re looking for other free cash referral programs, check outTastyworks,Cash App,Robinhood,Acorns, andWeBullreferral promotions. Also, check out our article onWays to Make Money Online.

M1 Finance Sign up Promotions

As a new automated investing app in an already competitive stockbroker landscape, M1 Finance is investing quite a bit on new user acquisition with very generous promotions. Currently, M1 Finance has 3 active promotions:

M1 Finance $250-2,500 Transfer Promotion

You can earn up to $2,500 when you open a M1 Finance account and make a direct transfer from your current brokerage firm to M1 Finance. To receive this promotion, you must submit a transfer request on the M1 Finance website within 60 days of your sign-up date. The promotion amount depends on the amount of the transfer and it will be deposited to your account 90 days after the account transfer is received. More details about this promotion and the M1 Finance promo code can be found here.

M1 Finance Transfer Promotion

M1 Finance Deposit $1000, Get Up to $30 Promotion

M1 Finance offers another opportunity to receive a $30 sign up bonus when you open and fund your account with at least $1000. This sign up bonus may be worth it if you do not mind the higher initial deposit requirements ($1,000 instead of $100).

To get the $30 M1 Finance sign up bonus, you must open/fund an individual account with at least $1000. Please note that you must be a new M1 Finance user, never funded an M1 Finance account, or not opened an account with a M1 Finance referral link. M1 Finance will post $30 into your taxable M1 Finance account within 3-5 business days of meeting the promotion’s terms. Also, note you must keep the cash bonus in your account for at least 60 days from the date the cash reward is deposited into your M1 Finance account. This promotion cannot be combined with the M1 Finance referral or transfer promotions. The offer is effective March 1, 2021. More details about this promotion can be found here.

M1 Finance Give $50, Get $50 Referral Promotion

As noted above, the M1 Finance referral promotion is a one-time $50 bonus applied to a qualifying M1 Finance account when you sign-up with another user’s referral link. To receive this promotion, deposit at least $100 in an individual account and $500 in a retirement account within 30 days of opening an account. Additionally, you can earn more by sharing your M1 Finance referral link with friends and family.

M1 Finance Review

The single most popular trend in investing today is passive investing. Most people associate passive investing with low-cost, exchange traded funds (ETFs) such as those you can purchase at Vanguard. But can you be a passive investor with a customized strategy? With M1 Finance you can. In the remainder of this page, we present a short review of the M1 Finance Platform. For a more in-depth review about the M1 Finance app, visit our article M1 Finance Review or learn about 12 things that you can do with M1 Finance.

What is M1 Finance?

M1 Finance is a combination of a robo-advisor and a traditional brokerage. Like other robo-advisors, M1 presents several default themes known as “pies”, which have a default allocation between different securities. Unlike other robo-advisors, M1 Finance allows you to customize the allocation between different securities while keeping other great features such as the free re-balancing and trading.

What are M1 Finance Pies?

One way to invest in the stock market is by purchasing exchange traded funds (ETFs), which are a collection of tens, hundreds, or sometimes thousands of stocks or bonds in a single fund. ETFs are designed to perform well in most market conditions and can be held for an extended period of time. M1 Finance provides an opportunity to create your own ETFs with portfolio “pies”. Portfolio pies are easy to visualize as each investment is shown as a slice of pie. You can create your own pie or invest using expert pies made by financial professionals. Investing pies are a great way to explore your creativity in the stock market.

Put Your Investments on Autopilot

M1 Finance supports recurring transfers from your bank account to the M1 Finance account and automatic investing into your portfolio pies. With this feature, you can remove the emotion and nuisance of manual steps from investing. If you are looking for alternative auto investing apps, you may be interested in Cash App, a new peer-to-peer payment app that allows recurring investments in the stock market.

Take Out Low Interest Loans

Another unique feature of M1 Finance is the ability to take out a loan of up to 35% of your account balance without any credit check once your account balance reaches $10,000. With this feature, you can bypass traditional lending hurdles and get easier access to credit at a lower rate of 3.5% (2.00% if you are using M1 Plus).

M1 Finance Platforms

Web Platform

M1 Finance is a technology-first company with a smart investing platform. The M1 web application uses an integrated solution to automate investing. Also, the interface is easy to use, even for those new to investing. It has a combination of the tools for traditional online brokerage and the exemplary components of Robo-investing platforms. The web application incorporates investing, banking, and margin lending all together in one platform. The “pie investing” feature, which is unique about M1 Finance, shows your portfolio balance and allocation of investment assets. Furthermore, The M1 web platform also has an education center, with informative tabs to help you with your financial decision making. You can find your M1 Finance referral link in the profile tab of the web application.

A Robo-advisor is an algorithmically driven process for building you a diversified investment portfolio based on your answers to a few investing questions. Robo-advisors are built with the expertise of professional advisors, then automated through an algorithm. The result is expert advice, a diversified portfolio, and no hassle of waiting days or weeks to build a diversified portfolio. So, which Robo-advisor should you use, and why? In this section, we will compare some of the main features of M1 Finance with five other popular Robo-advisors (Betterment, Ellevest, Wealthfront, Bloom, and SoFi).

Fees and Commissions Comparison

M1 Finance has the lowest fees and commissions compared to other automated investing platforms.The only fees you might see is if you invest in an ETF, that ETF will have a small expense ratio (not charged by M1 Finance).

Platform	Fees and Commissions
	$0 fees and $0 commissions or markups on trades. No annual fees.
	$0 fees for “Checking” plan, 0.25% of your account balance annually for the “Digital” plan, and 0.40% for the “Premium” plan.
	The “Essential” plan at $1/month, “Plus” plan at $5/month and the “Executive” plan at $9/month.
	An annual fee of 0.25% of your account balance, charged monthly. There are no other miscellaneous fees.
	Bloom Essentials: $45 per year per account, Bloom Standard: $120 per year per account, and Bloom Unlimited: $250 per year per year with unlimited accounts.
	$0 for accounts that have a balance below $10,000 and for SoFi borrowers. Otherwise, it’s 0.25% of your account balance per year.

Account Minimum Comparison

While M1 Finance does not charge a fee for using its platform, it has a minimum balance for both individual ($100) and retirement ($500) accounts. Once the minimum balance is met, you can invest with as little as $10. Other platforms may have $0 account minimum for basic plans and may require a minimum balance depending on the portfolio.