One Star for the reward to become a… One Star for the reward to become a customer and/or refer others into this suck institution. You may deposit a small amount of money, finally figure out the confusion of their simplistic methods. However, if ever you want to close the account AVOID $100 FEE to transfer to another Broker. As-well-as the $25 FEE for drafting a check to get your money. See their long list of fees, including $20 FEE for Inactivity after you get tired of even trying to "invest" at this so-called broker. Google: M1 Finance Fees Save yourself time and money as I wish I did.

Most Expensive Fees I have seen I went to transfer out and was informed that M1 charges $200 to close a Roth and $100 to close any other account. This is insane as all the other brokerages I have used do not charge anything for this kind of move. Please look for somewhere else to put your money. This is a Scam way of doing business.

Fees and Poor Customer Service The M1 interface is not my favorite. I do not find it as user friendly and conducive to financial wellness as other platforms. The customer service I experienced when trying to do a rollover was extremely challenging and I was redirected to many different people. IN total I called 4 different times about the same issue and had to re-iterate the problem over and over. I felt stuck in the middle between two different banks that had two different methods of doing the same thing. Very frustrating. Be wary of unneccesary fees.

Better perks for m1 plus I enjoy M1. However, I do think the spend interest rate should be increased to make M1 plus worth it, or drop the $125 for M1 plus, or make perks better for m1 plus like no trade windows, better credit card 2% cash back. It seems the only competitive perk of m1 plus is barrow rate but I do not use barrow and other places checking rates are now getting more competitive. I do not think I will be renewing M1 plus unless price of it comes down or spend rate increases.

Basics of m1 finance are working out… Basics of m1 finance are working out great for me. I just have few concerns 1. Fees - There are platforms that now offer fractional shares with no fees. M1 should learn from that and make fees reasonable for everyone. 2. APR - The rate for premium customers need to be more lucrative. It's simply not enough! There are platforms that started offering better rates already. 3. UI - Although your user interface is quite unique it fails to do many basic things - eg. Current year performance, distinction between time and money weighted performance etc.