M1 Finance Review 2020

M1 Finance Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
M1 Finance Review Screenshot

M1 Finance Guide - Read our In Depth M1 Finance Review

This M1 Finance review was written by industry experts with over 20 years of financial experience in Forex trading, Social trading, Share Dealing.

What is M1 Finance?

M1 Finance are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later M1 Finance has grown to offering retail investors Forex trading, Social trading, and Share Dealing trading.

M1 Finance are a global broker and have a head office in United States.

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

We will dive deep in this M1 Finance review and assess how well the M1 Finance platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like M1 Finance can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of M1 Finance we breakdown 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this M1 Finance review useful.

This review of the M1 Finance platform is very detailed. If you are interested in trading with M1 Finance in any capacity please take the time to read and research the whole M1 Finance review.

We have tried to explain the ins and outs of financial trading through the M1 Finance platform as plainly as possible so that you the trader are as informed as possible before you start to use the M1 Finance trading tools and depositing and withdrawing funds from M1 Finance.

Benefits of trading with M1 Finance

Open M1 Finance's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with M1 Finance like Forex trading, Social trading, and Share Dealing trading. you should have confidence in M1 Finance and know that the management of your financial investments on the M1 Finance platform is in good hands.

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

With this M1 Finance 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 Review Table of Contents

M1 Finance review
M1 Finance is a Multi-Assets Trading Platform with over 163+ Assets

Learn more about M1 Finance. M1 Finance is a multi asset platform with 163+ tradable Assets. Assets available on M1 Finance include Forex trading, Social trading, Share Dealing.

M1 Finance trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Social trading, Share Dealing are considered financial assets.

M1 Finance review
Features of M1 Finance

M1 Finance review
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.

M1 Finance review
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 2008, and in operation for 12 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 Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (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.

M1 Finance review
Is my money safe with M1 Finance?

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.

What are Tier 1 banks and why should M1 Finance use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in M1 Finance deposited in a Tier 1 bank?

Having any money you deposit with M1 Finance means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if M1 Finance goes out of business for some reason.

Therefore, we can safely conclude that M1 Finance is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. M1 Finance also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding M1 Finance. let us look at the M1 Finance features in more detail.

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

Your capital is at risk

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

How M1 Finance as a Company Compare Against Other Brokers

Broker m1finance eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office United States Cyprus, UK Australia Poland
Regulation Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ M1 Finance users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit M1 Finance Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

M1 Finance review
M1 Finance Pros and Cons

What we like about M1 Finance

  • Used by over 10,000 M1 Finance users and traders
  • Established in 2008
  • Regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)
  • Min. deposit from $0

What we don't like about M1 Finance

M1 Finance review
M1 Finance Regulation and Licensing in more detail

We have checked and M1 Finance is regulated and supervised by reputable organisations. You are able to check every M1 Finance supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with M1 Finance. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect M1 Finance traders and provide a safe trading environment.

M1 Finance is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as M1 Finance you should be sure they're legitimate online agent.

M1 Finance review
Is M1 Finance Global?

Yes, M1 Finance is global as M1 Finance is available in over 194 countries.

M1 Finance is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries M1 Finance covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. M1 Finance has a total of more than 10,000 users.

M1 Finance review
M1 Finance Fees Explained

  • M1 Finance withdrawal fees varies on payment method
  • M1 Finance does charge a fee for inactive accounts.
  • M1 Finance does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How M1 Finance Fees Compare Against Other Brokers

Broker m1finance eToro IC Markets XTB
Min Deposit 0 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

M1 Finance review
M1 Finance Minimum Deposit

M1 Finance do not require a minimum desposit when opening a M1 Finance trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

M1 Finance review
M1 Finance Withdrawal Fees

M1 Finance withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

M1 Finance for example allow you to withdraw your funds to Credit cards.

M1 Finance review
M1 Finance Inactivity Fees

M1 Finance does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

M1 Finance review
M1 Finance Desposit Fees

M1 Finance does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

M1 Finance review
M1 Finance Commission Fees

M1 Finance does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

M1 Finance review
What can you trade with M1 Finance?

Be aware that Different entities under M1 Finance Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Your capital is at risk

How M1 Finance Trading Options Compare Against Other Brokers

Broker m1finance eToro IC Markets XTB
Instruments Available 163 2000 232 4000
Platforms Desktop,Android,iPhone/iPad,Mac Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit M1 Finance
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

M1 Finance review
Trading on M1 Finance web platforms and other applications

M1 Finance offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so 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 M1 Finance's platforms

M1 Finance review
Is the M1 Finance Trading Platform Secure?

M1 Finance safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. M1 Finance also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating M1 Finance.

M1 Finance review
M1 Finance Trading Platform Options

M1 Finance does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

M1 Finance offer an their own custom trading platform developed and tested in house. The M1 Finance trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The M1 Finance platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With M1 Finance you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the M1 Finance platform including news and quotes. Discover possible trades with the strong charting tools found with M1 Finance. M1 Finance is available as downloadable applications or online through the cloud. Monitor your orders with M1 Finance and receive breaking news in your positions.

M1 Finance Trading benefits :

  • Low min deposit

M1 Finance Trading Accounts Offered :

  • Demo account
  • 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

Your capital is at risk

M1 Finance withdrawal and funding methods.

Please note that the list of M1 Finance payment methods below depend on the M1 Finance Entity and the Clients Country of Residence.

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

M1 Finance Payment Methods

  • M1 Finance accepts Credit cards
Broker m1finance eToro IC Markets XTB
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

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.

Your capital is at risk

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 instruments.

Education resources at M1 Finance

To trade effectively with M1 Finance, it's important to get a have a good understanding of the M1 Finance trading tools and the markets.

M1 Finance offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with M1 Finance.

Take time to look around the M1 Finance platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer 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

M1 Finance have a D grade support rating because because sometimes the response was slow or our query wasnt answered. M1 Finance less customer support features compared to other brokers like live chat, phone and email support.

Livechat Support at M1 Finance

M1 Finance does not offer LiveChat Support.

Email Support at M1 Finance

M1 Finance does not offer Email Support.

Phone Support at M1 Finance

M1 Finance does not offer Phone Support.

See how M1 Finance Support Compares Against Other Brokers

Broker m1finance eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit M1 Finance Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with M1 Finance

As M1 Finance is regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under M1 Finance Brand may be different.

  • 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 3 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 the M1 Finance trading platform 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 November 27, 2020.

M1 Finance review
Is M1 Finance A Good Broker?

We spent over 3 months examining M1 Finance in depth. Although we found some very useful aspects of the M1 Finance platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative M1 Finance broker.

  • M1 Finance have a good track record of offering Forex trading, Social trading, Share Dealing.
  • M1 Finance has a history of over 12 years.
  • M1 Finance has a reasonable sized customer support of at least 10.
  • M1 Finance are regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). This means M1 Finance fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • M1 Finance have regulation from a Tier 1 reputable country.
  • M1 Finance has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • M1 Finance have an international presence in multiple countries. This includes local M1 Finance seminars and training.
  • M1 Finance are able to hire people from various locations in the world who can better communicate in your local language.

M1 Finance Risk Disclaimer

Your capital is at risk

M1 Finance review
M1 Finance not quite right?

If after reading this M1 Finance review, M1 Finance does not fulfill your needs check out these M1 Finance Alternatives.

Click here to view the best M1 Finance Alternatives

We have spent years researching the best alternatives to M1 Finance. Click the links below to learn more.

If you feel some of the above M1 Finance are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of M1 Finance alternatives below.

M1 Finance review
Related M1 Finance Vs Comparisons

We have covered allot in this M1 Finance review, If you want to see how M1 Finance compares side by side with other brokers check out our M1 Finance Vs pages.

If you would like to see how M1 Finance stands up against other brokers you can read some of our M1 Finance comparisons below. We compare side by side some of our top rated M1 Finance versus comparisons. Read our indepth M1 Finance VS pages below.

M1 Finance review
M1 FINANCE Frequently Asked Questions

Can I try M1 Finance before I buy?

M1 Finance offer a demo account so you can try the M1 Finance platform before you put down a payment. Learn more here

What funding methods do M1 Finance accept?

Please note that the list of payment methods below depend on the M1 Finance Entity and the Clients Country of Residence.

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

Your capital is at risk

Is M1 Finance safe?

M1 Finance are considered safe as they are regulated by and checked for conduct by the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). 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.

Is M1 Finance trading good?

M1 Finance is considered good and reputable to trade with M1 Finance. M1 Finance is used by over 10000 active traders and M1 Finance users. M1 Finance offers Forex trading, Social trading, and Share Dealing trading. Minimum deposit with M1 Finance is 0.

Is M1 Finance trading Legit?

M1 Finance was founded in United States in 2008. M1 Finance has been facilitating trade on the financial markets for over 12 years. M1 Finance offers clients Forex trading, Social trading, and Share Dealing trading. All funds deposited to M1 Finance are held in segregated tier 1 bank accounts for security. M1 Finance is regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) so can be considered legit.

Is M1 Finance a good broker?

M1 Finance is overseen by the top tier financial regulators Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) so can be considered a good broker. M1 Finance allows Forex trading, Social trading, and Share Dealing trading.

Is M1 Finance trustworthy broker?

M1 Finance can be considered trustworthy. All money funded to M1 Finance is placed into a segregated tier 1 bank account. this means your money in not held by M1 Finance directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also M1 Finance is regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC).

What is the minimum deposit for M1 Finance?

The minimum deposit to trade with M1 Finance is 0.

How long do M1 Finance withdrawals take?

Withdrawing money from M1 Finance processing time varies but averages 2-5 days.

Is M1 Finance regulated?

M1 Finance is regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC).

Is M1 Finance a market maker?

M1 Finance is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

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 Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (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.

Is M1 Finance a con?

M1 Finance is regulated and well established having been in business for over 12 years. M1 Finance is definitely not a con.

Can you make money with M1 Finance?

Although traders have had great success with M1 Finance. Trading on the financial markets with M1 Finance is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does M1 Finance have fees?

M1 Finance withdrawal fees varies on payment method. M1 Finance does charge a fee for inactive accounts. M1 Finance does charge deposit fees.

When was M1 Finance founded?

M1 Finance was founded in 2008.

How many people use M1 Finance?

M1 Finance is used by over 10000 registered M1 Finance users.

What is M1 Finance Headquarters country?

M1 Finance has its head quarters office in United States.

Does M1 Finance offer negative balance protection?

M1 Finance does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does M1 Finance offer guaranteed stop loss?

M1 Finance does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does M1 Finance allow scalping?

M1 Finance does not offer scalping.

Does M1 Finance allow hedging?

M1 Finance does not offer hedging.

Does M1 Finance offer CFD trading?

M1 Finance does not offer CFD trading.

Does M1 Finance offer STP?

M1 Finance does not offer STP trading.

How many people use M1 Finance?

M1 Finance is used by over 10000 M1 Finance users and traders.

Is M1 Finance an ECN broker?

M1 Finance does not offer ECN trading.

Does M1 Finance offer a demo account?

M1 Finance offers a demo account.

Does M1 Finance offer an Islamic account?

M1 Finance does not offer Islamic accounts.

What are the funding methods for M1 Finance?

M1 Finance accept the following funding methods : Credit cards.

M1 Finance review written by Andrew Blumer and Mark Hansen

We hope you found our review of the M1 Finance brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

M1 Finance review written by Mark Hansen of Comparebrokers.co