M1 Finance: Fees, Features, and More (2025)

M1 Finance streamlines long‑term wealth building through its signature “Pie” system: investors set percentage allocations across fractional shares of stocks and ETFs, and the platform automatically rebalances with each deposit—without advisory fees. Margin borrowing (M1 Borrow) is built‑in, IRAs are supported, and accounts open with just $100. While options, mutual funds, and bonds are absent, the pie‑based interface offers a unique blend of DIY control and robo‑style automation for hands‑off portfolio management.

Detailed feature breakdown for M1 Finance brokerage (2025)
Feature
Website https://www.m1finance.com/
Broker Type Discount
Trading: Stock & ETF? Yes
ETF & Stock commission No fee
Fractional Shares? Yes
Percent Allocations? Yes; M1 Pies
Crypto Trading? No
Crypto Fees not applicable
Options Trading? No
Options Fee not applicable
Bond Trading Available? No
Pays for Order Flow (PFOF)? Yes
Interface: Web trading? Yes
Desktop trading? No
API Trading? No
Mutual Funds: Offered? No
Total Mutual Funds None
NTF Mutual Funds None
Non-NTF Fund Fee not applicable
Early Redemption Fee? not applicable
Redemption Hold (Days) not applicable
Early Redemption Fee not applicable
Accounts: Margin Accounts? Yes
IRAs Offered? Yes
HSAs Offered? No
Money Market Sweep? No
CDs Offered? Yes
Robo-Advisor: Offered Yes
Robo-Advisor Service none
Robo-Advisor Fes not applicable
Basics: Headquarters Chicago, IL
Year Founded 2015
Clearing Firm Apex Clearing
Local Branches? No
New Account Minimum $100

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