Invest for Free with M1
Unlike other investing platforms, you’ll never be charged commissions or markups on any trades, a platform usage fee, or to deposit or withdraw from your connected bank— because we believe your money should work harder for you.
Miscellaneous Fees
M1 doesn’t charge for normal platform use, meaning you’ll never pay for regular investing activities. But we also know some investors may request additional account operations from time to time. That’s why we offer the following services for a fee:
Request for paper copies
| Overnight Mail – Domestic (per request) | $125 |
| Overnight Mail – International/Canada (per request) | $100 |
| Paper Confirm Fee (Retail Paper Only) (per request) | $2 |
| Paper Statement Fee (Retail Paper Only), (per 50 pages) | $5 |
| Paper Tax Statement Fee (Retail Paper Only), (per 50 pages) | $5 |
| Return Mail (per piece) | $2 |
Account Maintenance
| Inactivity fee: accounts with up to $20 & no activity for 90+ days. | $20 |
| Escheatment Processing (per account) | $75 |
| TOD Account Transfer Fee (per transfer) | $200 |
Direct Account Transfers
| Incoming | $0 |
| Outgoing | $100 |
Other
| IRA Termination Fee (per event) | $100 |
| Mutual Fund Sales | $20 |
| Liquidating securities traded on foreign exchanges | $50 |
Miscellaneous Bank Fees – M1 Invest
Please note: Direct ACH deposits from or to your connected bank account are always free.
| Wire Transfer (Domestic) | $25 |
| Check Request | $25 |
| Returned Checks/ACH/Wires and Recalls | $30 |
| Amendment Repairs | $30 |
| ACH Notice of Change/Correction | $5 |
Miscellaneous Bank Fees – M1 Spend
| ACH Return Fee | $30 |
Regulatory Fees
Regulatory expenses are mandated fees passed on to the consumer. These occur when users sell a stock or ETF, and often cost only a few pennies. For example, if you sell ten shares of Apple stock at $150 per share, you would pay a total of 4 cents in regulatory expenses — 3 cents in SEC fees and 1 cent in TAF fees. These costs are calculated as follows:
SEC (Securities Exchange Commission) Fee* = total price of transaction x $5.10 / 1,000,000
TAF (Trading Activity Fee) Fee* = shares sold x 0.0001119 with a maximum of $5.95
*Fees are rounded up to the nearest penny