Get the details of the M1 Finance bonus offer, where new customers can earn up to a $500 cash reward by opening a new Brokerage Account. Learn how to qualify, earn, and make the most of this exciting opportunity.
M1 Finance, a revolutionary platform in the fintech industry, is currently offering a tantalizing promotion that beckons new investors. With a promise of up to $500 in cash bonuses, M1 Finance is not just opening its doors to new clientele but is also paving a path for investors to make their financial growth journey more rewarding.
This article explores the intricacies of this promotion, offering insights into how to leverage it for maximum financial benefit.
Recent Updates:
- Update 1/28/2024: The offer has been extended through December 31, 2024. For the best investing research tool, check out Seeking Alpha. It is currently offering a free trial and BIG discount towards a plan.
- Update 12/4/2023: Offer is still good through 12/31/2023.
- Update 2/3/2023: Offer has returned. Details below.
See the bottom of this page for more offers from M1 Finance.
Understanding the M1 Finance Bonus Promotion
M1 Finance’s promotional offer is straightforward yet compelling: new customers are eligible to receive a cash bonus of up to $500 upon opening a new Brokerage Account. This initiative is designed to attract investors to M1’s comprehensive investment platform, which combines the flexibility of stock and ETF investments with the automation of robo-advising.
Signing Up for a New M1 Finance Brokerage Account
To start, sign up for a new M1 Brokerage Account. The signup process is designed to be seamless, ensuring that new users can quickly get started on their investment journey.
Making the Initial Deposit
Eligibility for the cash bonus hinges on making an initial deposit of $10,000 or more within 14 days of account opening.
Earning the Cash Bonus
The cash bonus awarded varies depending on the amount deposited, with bonuses ranging from $75 to $500. This tiered system rewards investors proportionally to their initial investment.
Utilizing Your Cash Bonus
The cash bonus is not just a welcome gift; it’s an investment in your financial future. M1 Finance allows you to use this bonus to invest in a wide array of stocks, ETFs, and other securities, offering a robust platform for financial growth and diversification.
Bonus Tiers Explained
The bonus structure is tiered to cater to varying levels of investment:
Deposited Value | Promotional Credit |
$10,000 – $29,999.99 | $75 |
$30,000 – $49,999.99 | $150 |
$50,000 – $99,999.99 | $250 |
$1,000,000+ | $500 |
Terms
- New users who have never registered for an M1 user account are eligible for the promotion.
- To qualify, new users must open an M1 investment account and deposit a total of at least $10,000 within the first 14 calendar days from the New User Sign-up Date.
- The deposits can be made via automated clearing house (ACH) transfers and can be made on any day within the 14-day period as long as the total deposited amount reaches or exceeds $10,000.
- The promotion is not applicable to retirement, custodial, or trust accounts.
- Only one Promotional Credit can be received under this promotion.
- The Promotional Credit will be deposited into the user’s M1 investment account on the last day of the sixth month after the New User Sign-up Date (Pay-out Date).
- Users must maintain a total aggregate Deposited Value equal to or greater than the value after the net deposit was made until the Pay-out Date.
- Any reallocation of funds transferred externally or internally to other M1 services before the Pay-out Date will disqualify users from the promotion.
- M1 reserves the right to revoke the Promotional Credit if the total aggregate transferred Deposited Value is not retained in the M1 taxable investment account until the Pay-out Date.
- The Promotional Credit is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or security.
Read the full terms on the offer page.
TRENDING DEAL:
▶ GET UP TO $700 BONUS CASH WITH THIS INVESTING OFFER FROM J.P. MORGAN
M1 Finance Brokerage Features
M1 Finance’s unique selling points lie in its blend of automated investing with personalization. The platform offers pie-based investing, allowing users to create a custom “pie” of investments that reflect their goals, risk tolerance, and interests.
Automated Investing with Customization
M1 Finance’s hallmark is its innovative approach to investment, allowing users to create customized portfolios, or “Pies,” consisting of stocks, ETFs, and bonds. This feature enables investors to tailor their investments to align with their financial goals, risk tolerance, and preferences. Moreover, M1’s automated investing system manages these portfolios, adjusting allocations based on market changes and rebalancing needs, ensuring that your investment strategy remains on track without constant monitoring.
Fractional Shares Investing
One of the platform’s most democratizing features is the ability to invest in fractional shares. This means you can own a piece of high-value stocks like Amazon or Google with a minimal investment, making it easier for investors with limited capital to diversify their portfolios and gain exposure to leading companies.
Dynamic Rebalancing
M1 Finance automatically rebalances your portfolio to maintain the target allocation you’ve set. Whenever you deposit new funds, M1 distributes them to underweighted assets in your Pie to keep your investment strategy consistent. This automated rebalancing helps in adhering to your long-term investment goals and mitigating risk without the need for manual adjustments.
Borrowing Made Easy
M1 Finance offers a unique feature called M1 Borrow, which allows investors to borrow up to 35% of their portfolio’s value at competitive interest rates. This feature provides a flexible way to access liquidity without selling off investments, which can be particularly useful for covering unexpected expenses or taking advantage of new investment opportunities.
High-Yield Checking Accounts
M1 Finance extends its services beyond investing with M1 Spend, a high-yield checking account seamlessly integrated into the M1 platform. This account offers attractive APYs, minimal fees, and the convenience of managing both your investments and everyday finances in one place.
Robust Retirement Planning
Understanding the importance of retirement planning, M1 Finance offers a range of IRA options, including Traditional, Roth, and SEP IRAs. These accounts benefit from the same automated investing and customization features as taxable accounts, allowing for a personalized approach to retirement savings.
No Management Fees
One of the most compelling reasons to choose M1 Finance is its fee structure. The platform operates with no management fees, meaning investors can access its robust features without worrying about high costs eating into their returns. However, it’s important to note that underlying ETFs and stocks may still incur their usual fees.
Expert Pies
For those who prefer a hands-off approach or seek guidance, M1 offers pre-built portfolios known as Expert Pies. These portfolios are designed by financial experts and cater to various investment strategies, including target-date funds, socially responsible investing, and more.
Comparison with Other Investing Offers
While M1 Finance’s promotion is certainly attractive, savvy investors will weigh this offer against others in the market.
Compare With Other Investing offers with bonuses, discounts, or promotions:
- Robinhood Bonuses: Free Stock Sign-Up, Bonus Stock Referrals
- TradeStation Bonuses: Up To $5,000 Transfer, $150 Deposit, 50% Off Futures Brokerage Fees
- J.P. Morgan Self-Directed Investing Up To $700 Bonus – Ends 4/12/24
- Tornado.com Bonus: Up To $1,000 Free Cash Offer & Referral Bonuses
- Webull Promotions: Free Stock Sign-Up Offers, Up To $5,000 Transfer Bonus, 5% APY & $3,000 Promo & More
- Crypto.com Sign Up Bonus: $25 Crypto Welcome Offer & $25 Referrals
- TradingView Bonus: $15 Welcome Offer + $30 Referrals
- Moomoo Bonuses: 15 Free Stocks & More (Get $320-$460 Value), $200 Cash Referral, Up To $400 Transfer Bonus
- iTrustCapital Promotions: $100 New Account Bonus & $100 For Qualified Referrals
Our Take on the Offer
M1 has offered similar promotions in the past. A good deal if you’re looking to try their services out.
To be eligible, users must not have registered for an M1 account previously, successfully open a taxable investment account, not use a referral link, and deposit a minimum of $10,000 via ACH within the first 14 calendar days of creating an account.
More from M1 Finance:
- Best M1 Finance Bonuses: $250 to $20,000 Offers March 2024
- M1 Finance Bonus: Up To $20,000 For M1 Invest Brokerage, New $15K and $20K Tiers – Ends 3/31/2024
- M1 Finance Checking Account Earns 3.30% APY – Ended
- M1 Finance Crypto Up To $200 Bonus Offer – Ended
- M1 Finance: Investment Account Up To $1,500 Bonus For Recurring Deposits – Ended
- [No Longer Accepting New Accounts] M1 Finance High-Yield Savings Account Earns 5.00% APY For M1 Plus Members
- M1 Finance Offer: Get $75 off M1 Plus, Pay $50 For 1 Year – Ended
- M1 Finance Owner’s Rewards Card: Get Up To 10% Cash Back
- M1 Finance: Up To $15,000 Transfer Bonus – Ended
Frequently Asked Questions
How long do I have to make the initial deposit to qualify for the M1 Finance promotion?
You have 14 days from the date of account opening to make the initial deposit.
Can I use the cash bonus immediately for investments?
Yes, the cash bonus can be used immediately for investments once credited to your account.
Are there any restrictions on the types of accounts eligible for the promotion?
Yes, retirement, custodial, or trust accounts are not eligible for this promotion.
How is the promotional credit calculated based on my deposit?
The promotional credit is tiered based on the amount of your deposit, with different tiers offering different bonus amounts.
What makes M1 Finance stand out from other investment platforms?
M1 Finance combines the flexibility of custom stock and ETF investments with the convenience of automated robo-advising.
Can I participate in this promotion if I already have an M1 Finance account?
No, this promotion is exclusively for new users who have never registered for an M1 user account before.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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