Easy-to-manage app for your money combining robo-advisory and traditional brokerage.
No cost or commissions on your trading activity, deposit, withdrawal, account maintenance or management. So how do they make money?
- earning interest on cash held
- from interest on lending securities
- interest on margin loans (via M1 Borrow)
- and through the annual fee on our optional M1 Plus membership.
- Most online brokerages only make 10-30% of their money from commissions and management fees, whereas they decided to build our business exclusively on the other 70-90% and reduce our costs versus competitors with technology.
Capital required to start investing: $100 for traditional and $500 IRA accounts