M1 Finance Review for 2019

M1 Finance Rated 3/5
M1 Finance have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to M1 Finance

M1 Finance Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of M1 Finance we break down the pros and cons. What M1 Finance are able to offer, what countries M1 Finance are available in. Who M1 Finance are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open M1 Finance's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to M1 Finance

With this review we hope to help you see if M1 Finance is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding M1 Finance that will help you get off to a good start in the world of online trading.

M1 Finance what you should know

M1 Finance offer three ways to trade: Forex trading, Social trading, Share Dealing.

With M1 Finance you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with M1 Finance platform.

M1 Finance are able to accommodate various levels of traders whether you are experienced or a beginner.


Are M1 Finance safe?

When choosing a broker like M1 Finance the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in , and in operation for 2019 years M1 Finance have a head office in United States.

M1 Finance is regulated. This means M1 Finance are supervised by and is checked for conduct by the FINRA and a member of SIPC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to M1 Finance, this will be honored. If M1 Finance violate any regulatory rules their regulated status could be stripped.

Any payments funded to M1 Finance accounts by traders are held in a segregated bank account.

For added security M1 Finance use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with M1 Finance. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit M1 Finance

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in
  • Regulated by FINRA and a member of SIPC
  • Min. deposit from $0
  • unlimited demo account

What we don't like

M1 Finance General Fees

  • M1 Finance withdrawal fees varies on payment method
  • M1 Finance does charge inactivity fees

M1 Finance Commissions

  • M1 Finance does charge commission on CFD shares

What can you trade with M1 Finance?

You can trade a wide variety of instruments with M1 Finance over 163 instruments infact.

If you are looking at trading currency pairs M1 Finance offer over currency pairs.

Compare M1 Finance with Interactive Brokers and XTB below.

FX / Currencies m1finance IB XTB
# of forex pairs offered 10 50
Major forex pairs No Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs M1 Finance Interactive Brokers XTB
# of commodities offered 0
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs M1 Finance Interactive Brokers XTB
# of Stocks offered 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
m1finance's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on M1 Finance web platforms and other applications

M1 Finance offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An M1 Finance IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

M1 Finance also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See m1finance's platforms

M1 Finance Trading benefits :

  • Low min deposit

M1 Finance Trading Accounts offered:

  • Mini account
  • Standard account

Can I try M1 Finance before I buy?

M1 Finance offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do M1 Finance accept?

M1 Finance offer the below funding payment methods. learn more about M1 Finance

  • Credit cards

How can I start trading with M1 Finance?

When opening a trading account with M1 Finance, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on M1 Finance trading platforms here.

Performing trades with M1 Finance

M1 Finance allow you to execute a minimum of trade of varies. This may vary depending on the account you open. M1 Finance allow you to execute a maxium trade of varies.

As a market maker, M1 Finance may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, M1 Finance offer margin up to % on currencies.

Support at M1 Finance

M1 Finance support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with M1 Finance

As M1 Finance is regulated by FINRA and a member of SIPC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore M1 Finance's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with M1 Finance you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.m1finance.com/ on 12th August 2018.

M1 FINANCE Frequently Asked Questions

Can I try M1 Finance before I buy?

M1 Finance do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do M1 Finance accept?

M1 Finance offer the below funding payment methods accept Credit cards, among other payment methods. Learn more here

How can I start trading with M1 Finance?

When opening a trading account with M1 Finance, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on M1 Finance trading platforms here.

Is my money safe with M1 Finance?

M1 Finance is regulated by FINRA and a member of SIPC. One of the most important criteria for traders when choosing a broker like M1 Finance is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to M1 Finance, this will be honored. If they violate any regulatory rules their regulated status can be stripped.