M1 refers to M1 Holdings Inc. and its affiliates. M1 Holdings Inc. operates as a technology company which delivers financial products through its subsidiaries M1 Finance LLC and M1 Spend LLC.
EARN. Your savings capital can grow to a 5.00% APY interest level which provides you with maximized financial returns.
Invest
Customers can use sophisticated investment management tools while paying no commission charges. Combining custom stock-ETF portfolios with automated trading platforms enables you to reach your future financial targets.
Spend
Your M1 Owners Rewards Credit Card provides spending rewards that match your regular purchasing behaviour. Your M1 Credit Card allows automatic rewards usage to generate extra financial wealth throughout your shopping activities.
Borrow
Marginal financing enables you to access your investment portfolio value by obtaining a credit line through your investment account. Qualified brokerage accounts with minimum assets of $2000 or more automatically get margin access. Through their margin loan service, M1 Owners receive financing at rates starting from 7.25% up to 8.75%* which lets them borrow up to 50% of their investment portfolio value. Your repayment timeline is flexible since the Margin does not impose any constraints regarding minimum or maximum repayment periods.
The line of credit provides borrowing amounts from $2,500 to $50,000 with loan periods between 2-7 years for any type of expenditure. No prepayment penalties, origination fees, or late fees. APRs will fall between 7.99% and 21.75% APR. The rates for this service might change randomly without any guarantee. The minimum interest rate is not available to every borrower who applies.
Clearing provider selection and margin trading risks on M1 platform
M1 platform users can select either APEX Clearing disclosure of their accounts or M1 Finance LLC to clear their brokerage accounts. You should check your account statement to identify whether your account uses M1 Finance LLC or APEX Clearing as the clearing provider.
Every investment comes with some level of risk which may result in complete loss of invested funds. Results from past investments do not indicate what future investments will achieve. The utilization of margins increases the existing financial risks. APEX-cleared margin account users need to check the APEX margin account risk disclosure documentation before taking any margin loans. Users must inspect the M1 margin account risk disclosure before using M1-cleared margin accounts for borrowing. M1 provides Margin Loans through its margin accounts which must have at least $2,000 invested across each separate account. Margin borrowing services are unavailable to Retirement and Custodial account holders. Margin rates may vary.
Margin trading and brokerage services disclosure by M1 finance LLC
M1 Finance LLC, Member FINRA / SIPC operates under M1 Holdings, Inc. as a wholly owned subsidiary to deliver brokerage products to customers.
The risks associated with margin trading include loss and margin interest debt but these perils are unsuitable for many investors. Every investor needs to evaluate their financial state and tolerance for risk before starting margin-based trades. Your margin account line of credit may require additional money or securities when the securities inside decrease in market value. M1 Finance will exercise its right to sell your pledged assets in case you cannot fulfil your obligation. The M1 platform has brokerage accounts that either use APEX Clearing for full disclosure of accounts or M1 Finance LLC for account clearing. Before borrowing money from APEX-cleared margin accounts all users must read the APEX margin account risk disclosure. All users who access M1 cleared margin accounts need to check the M1 margin account risk disclosure before using borrowed funds. You can get M1 Margin Loans when you have at least two thousand dollars of investment across your margin accounts. The margin loan service does not operate on Retirement or Custodial account types. Margin rates may vary. M1 Finance LLC provides brokerage products and services to clients as a subsidiary of M1 Holdings, Inc. which is also a Member of FINRA and SIPC.
Steps to follow when liquidating M1 investment accounts
There are steps to follow when liquidating M1 investment accounts.
Liquidation of an M1 investment account requires you to start a single one-time fund movement to your linked external bank with the current account value.
You will see a liquidation confirmation and acknowledgement screen after choosing “Review”. Your position liquidations will occur automatically when your next trade window becomes available after you confirm this action.
Your account liquidity period requires the disablement of all scheduled transfers and withdrawals as well as deposits from external banks. Your sold positions get settled within 3-5 business days after which the funds become available in your bank account.
Users can open brokerage accounts on M1 either through direct disclosure to APEX Clearing or by using M1 Finance LLC as their clearing provider. The account clearance type can be verified through your account statement.
M1 permits its customers to maintain ten investment accounts excluding Cash and Custodial types. Discover which different account options M1 provides to its customers.
Your first M1 investment account
Individual Brokerage Accounts and IRAs serve as the first investment choices between two options for each client at M1 Finance. The available option for your initial M1 investment account on the Web platform is an IRA. Creating your first Individual Brokerage Account or IRA will enable you to establish more investment accounts at M1. It requires up to 24 hours to complete the processing time.
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