M1 Finance is offering a welcome bonus of between $75 and $500 depending on the size of the initial deposit. The offer is available to US residents that have not registered for an M1 account before. Read on for the details.
How It Works
To qualify for the joining bonus, traders need to register for an M1 account and make a deposit of $10,000+ through Automated Clearing House (ACH) within 14 calendar days.
Deposits can be made at any point within the 14-day period, but the aggregate amount must be at least $10,000 and paid into a taxable M1 investment account.
|$10,000 – $29,999||$75
|$30,000 – $49,999||$150
|$50,000 – $99,999||$250
The one-time cash reward will be paid into new M1 brokerage accounts on the final day of the 6th month after the trader signed up. So if you join and make a qualifying deposit in mid-January, the bonus will be paid on the last day of July.
The bonus will be credited to client accounts as cash value – not stock or another security.
Terms & Conditions
Payments made via Automated Customer Account Transfers Service (ACATS) will not qualify. In addition, deposits to M1 retirement and 401(k) rollover accounts are not eligible.
The total aggregated deposit amount made within the initial 14 calendar days of registration must remain equal to, or greater than, the value after the net deposit was made (less any trading losses or margin debt etc) until the date the bonus is paid.
Transferring funds to other M1 accounts (such as M1 Spend) or externally before the bonus payment date will render the trader ineligible for the reward.
The promotion is available until 31 December 2023.
About M1 Finance
M1 Finance is a popular investing platform headquartered in Chicago and geared towards experienced US traders. The company is regulated by the SEC as a broker-dealer and is registered with the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
More than 500,000 client accounts have been opened since the firm launched in 2016 and the company now has more than $6 billion in assets under management.
M1 Invest is an easy-to-use platform that helps clients develop a strategy that aligns with their financial goals and risk tolerance. Clients can build portfolios that consist of stocks, OTC stocks, and ETFs. In total, over 6,000 exchange-listed securities are available to clients.
The brand also offers fractional stocks and sophisticated automation tools.
Sign up with M1 Finance today and make a deposit by ACH to claim up to a $500 joining bonus.