M1 Finance is a mix between an online brokerage and a robo advisor; it offers access to expertly made diversified portfolios, but also allows expert investors to customize their own portfolios. M1 Finance is ideal for both beginners and experienced investors, and it offers five different types of accounts.
M1 Finance has a referral program in place to benefit its clients: by using the referral link (or our referral code YOREOYSTER), you will receive a $30 sign-up bonus after depositing $100. You will also receive your own referral code, which you can use to invite friends and earn an additional $30 for each successful referral.
How To Use Your M1 Finance Promo Code
M1 Finance has a referral program for new investors. When you sign up with M1 Finance using our referral link (or our referral code YOREOYSTER), you will receive a sign-up bonus of $30 after you fund your account. Keep in mind the initial deposit to receive the bonus depends on the type of account you create:
- For Individual, Joint, and Custodial the minimum deposit is $100.
- For Retirement (Traditional, Roth, or SEP IRA) the minimum is $500.
- And for Trust accounts, the minimum is $5,000.
To use the promo code:
- Visit M1 Finance’s page. Click on the Sign up now button.
- Enter your email and create a password.
- Fill in some of your basic information.
- Choose the type of account.
- Answer some questions about your knowledge about investments.
- Fund your account.
What Is M1 Finance?
M1 Finance is an online broker and robo advisor; it automates and facilitates the process of investing. M1 offers over 100 expertly made pre-built portfolios – referred to as ‘pies' – to choose from. Each pie is balanced and diversified with your goals in mind; some may fit an aggressive investor looking for short-term gains, while others may benefit investors with lower risk tolerance.
The primary investments are a mix of ETFs and stocks; the higher the risk tolerance the higher the stock percentage, and vice versa with ETFs. You cannot invest in options contracts, crypto, real estate, or any other type of asset with this broker.
M1 Finance Features
Some of M1 Finance’s best features include:
- Customizable portfolio platform.
- Over 100 expertly-made investing pies.
- Low-interest margin loans (minimum investment $5,000).
- Spending and borrowing options.
- Fully diversified.
M1 Finance Fees
- No trading fees.
- No account management fees.
How To Sign Up With M1 Finance
#1 Visit M1 Finance‘s page. Click on the Sign up now button.
#2 Enter your email and create a password.
#3 Fill in some of your basic information.
#4 Answer the questionnaire about your past investing experience. The last step is to verify your email and fund your account.
M1 Finance’s Referral Program
Like Wealthsimple, Robinhood and other popular brokers, M1 Finance offers a referral program. After creating your account and funding it you will receive your referral code, so you can invite friends and earn an additional bonus. To find your referral code open your profile and click on the Refer & Earn button. After you receive it, you can:
- Share your code via text, email, or with your social media audience.
- Once a referee signs up and funds their account depending on the type of account (refer to the list above), you will receive a $30 bonus.
- There’s no limit to how many people you can invite.
Is M1 Finance Safe & Legit?
M1 Finance is regulated by the SEC and has a brokerage license. It is also regulated by FINRA, as most other online brokers. FINRA regulates all online brokers that have an SEC license.
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Summarizing
M1 Finance is a mix between an online brokerage and a robo advisor; it offers access to expertly made diversified portfolios and allows expert investors to customize their own portfolios. M1 Finance is ideal for both beginners and experienced investors, offering five different types of accounts.
M1 Finance has a referral program to benefit its clients: by using the referral link, you will receive a $30 sign-up bonus after depositing $100. You will also receive your own referral code, which you can use to invite friends and earn an additional $30 for each successful referral.
