M1 Finance Review – Invest, Borrow & Spend With One App

M1 Finance is a cutting-edge financial technology company that provides innovative services and products to its customers. Its flagship product, the M1 Finance app, combines investment, borrowing and spending into one platform. The app’s intuitive design and wide range of features make it an attractive option for all types of investors. This article will provide a comprehensive review of M1 Finance, comprising of key features, advantages and disadvantages.

As investing becomes more accessible due to technological advancements, there has been an increase in demand for user-friendly applications with low fees that are suitable for both short-term traders as well as long-term investors. The M1 Finance app meets these requirements by offering commission-free trading on stocks and ETFs (Exchange Traded Funds) along with competitive rates for margin loans. Additionally, users can create custom portfolios using preselected investment strategies or build their own portfolio from scratch.

The reviewer will assess the various functions offered through the app including budgeting tools, automated deposits/withdrawals, customer service availability and overall ease of use. Furthermore, this analysis will compare M1 Finance to other online brokerages such as Robinhood and Webull so that readers may have a better understanding of which platform best suits their personal needs when it comes to investing.


Overview Of M1 Finance

M1 Finance is an app-based financial platform that enables users to invest, borrow and spend with one account. It has become a popular choice for investors due to its unique features such as automated portfolio rebalancing, tax optimization tools and no management fees. The platform combines the power of traditional investment accounts like brokerage accounts with modern technology and automation.

The app provides users with access to over 8,000 stocks and ETFs from major exchanges around the world. Users can also create their own custom portfolios using these assets or use pre-made expert portfolios designed by M1’s team of advisors. Additionally, M1 offers low interest loans secured by invested funds in a user’s portfolio which allows them to have more control over their finances while gaining access to cash when needed. Finally, users can manage their day-to-day expenses using virtual debit cards issued through the platform.


Investing Platforms And Accounts

M1 Finance is a comprehensive investing platform and account system that allows users to invest, borrow, and spend with one app. It offers both taxable accounts as well as retirement accounts such as Traditional IRA, Roth IRA, SEP-IRA, Trusts, Joint Accounts, Inherited IRAs, UGMA/UTMA Custodial Accounts. These types of accounts are available for investors who want to diversify their portfolios or reduce their tax liabilities.

In addition to the traditional forms of investment products such as stocks, ETFs and mutual funds M1 Finance also provides advanced features like automated portfolio rebalancing which helps build a well rounded portfolio based on user preferences. The platform also has its own proprietary fund called ‘The Pie’ where users can invest in pre-built baskets of ETFs with no trading fees. This fund gives customers access to broad diversification without having to choose individual investments themselves.


Borrowing Features

M1 Finance offers borrowers a variety of borrowing options. The platform allows users to access line-of-credit loans and fixed rate loans with competitive interest rates. Loan amounts range from $500-$50,000 and the repayment term is flexible, ranging from 1-7 years.

The application process for M1’s loan products is simple and straightforward; it only takes about 10 minutes to complete an online application form which requires basic personal information such as name and address. Once approved, funds are deposited directly into the borrower’s bank account within one business day. Additionally, customers have the option to set up automatic payments so that they never miss a payment due date or incur any late fees. Finally, there are no hidden costs associated with taking out a loan on the M1 platform – all fees are upfront and clearly communicated prior to agreement.


Spending Services

M1 Finance offers a range of spending options to its users:

  • Debit Card – A debit card is provided with the account, allowing users to make purchases and withdraw money from any ATM worldwide. The card also allows for real-time balance information and access to M1’s mobile app.
  • Apple Pay & Google Wallet Integration – Users are able to use their M1 accounts with both Apple Pay and Google Wallet services, making it easy to shop online or in stores using either service.
  • Bill Payment – Through the app, users can easily pay bills directly from their M1 account without having to write checks or go through extra steps.

The user experience when utilizing these features is highly secure and efficientas all transactions are encrypted between the user’s device and the bank’s systems. Additionally, there are no fees associated with using the debit card or bill payment feature. This makes managing finances easier than ever before as all aspects of investing, borrowing, and spending can be done within one application on any device.


Pros And Cons Of Using M1 Finance

Moving on from the Spending Services offered by M1 Finance, it is important to consider the pros and cons associated with using this platform. The following table outlines these in detail:


Pros  Cons 
 Easy-to-use interface for beginners Not FDIC insured 
Low fees  Limited customer service options
Variety of investment opportunities No individual stock trading available
Tax optimization features Cannot buy or sell fractional shares 


M1 Finance offers a wide variety of investment capabilities that may be attractive to new investors. With its easy-to-learn user interface and low cost structure, users can quickly set up their accounts and begin investing without too much technical knowledge. In addition, they have various tax optimization tools so investors can save money when filing taxes each year. However, there are some drawbacks as well. Most notably, customers cannot purchase or sell fractional shares which limits diversification potential. Furthermore, since M1 does not offer any type of insurance protection for investments made through the platform, users should exercise caution when making larger deposits into their account balances. Lastly, customer service resources may be limited depending on the size of the portfolio being managed.

Overall, M1 Finance provides an impressive array of features geared towards helping users achieve their financial goals more easily and efficiently than ever before – however, just like any other product or service out there, it has its limitations that need to be taken into consideration before moving forward with utilizing this platform.


Final Thoughts

M1 Finance provides users with a comprehensive platform to manage their finances. It allows individuals to invest, borrow and spend all in one place. The app is easy to use and offers an array of features that are both user-friendly and secure. Additionally, it has no account minimums or trading fees which makes it attractive for new investors who may not have the necessary funds to open other accounts. Furthermore, the ability to customize portfolios with stocks, ETFs and fractional shares gives users more control over their investments.

Overall, M1 Finance is a great tool for those looking for an efficient way to manage their money. Its intuitive design and low costs make investing accessible to anyone regardless of financial background or experience level. With its wide range of features and services, M1 Finance is a solid choice for individuals seeking an effective solution to their investment needs.



M1 Finance is a great tool for people who are looking to invest, borrow and spend from one platform. It offers users the ability to open different types of accounts, depending on their goals and financial needs. There is also an easy-to-use interface that allows investors to customize their portfolios with stocks and ETFs. In addition, M1’s borrowing features offer competitive rates and fast access to funds when needed. Lastly, its spending services provide cardholders with real-time account balances and notifications whenever money has been spent or received.

Overall, M1 Finance provides a comprehensive suite of investment tools that can be used by beginners as well as experienced investors alike. Its user-friendly interface makes it easy to navigate through various options in order to create personalized portfolios tailored to individual needs. Furthermore, its borrowing capabilities allow individuals to quickly access funds when necessary while its spending services keep track of transactions at all times. All these features make M1 Finance an excellent choice for those seeking a convenient way to manage their finances from one location.

In conclusion, M1 Finance is an ideal service for anyone wishing to take advantage of its numerous investing opportunities coupled with practical loan facilities and helpful spending services. With its combination of convenience and flexibility, this innovative online platform provides users with the perfect solution for managing both short-term and long-term investments securely in one place.

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