There is something they charge for, that’s the termination fees.Īlso, there are two versions of spend that you can choose, the free one is M1 Standard and M1 Plus which comes with an annual fee of $100 fee for the first year and $125 per year thereafter. Well, that’s a piece of great news for the user that they don’t need to pay for the custom pies. M1 Finance does not charge for trading fees. Margin loans are allowed and M1 Borrow service lets you borrow up to 35% of the account value at a 4.00% interest for non-investing purposes. The offers you Individual, joint accounts, ITAs and trust accounts.Ī user can also set up automatic deposits in part of the initial account setup which you can edit whenever you please. There is a no-risk assessment questionnaire that helps you answer the understand the process better.
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