M1: Investing & Banking Reviews

by Bryan.y.yu

So I started an Roth IRA account not knowing that when I liquidate it wild cost me $100 no matter the account size. Anytime you are to liquidate your account(s) they will charge you $100 so M1 really isn’t free and doesn’t provide you with a sense of security because I did not know about this $100 fee until I tired to liquidate everything from my IRA account I started with them so I could consolidate to my Fidelity account which is where most of my money is. I do not find this to be fair and it was not disclosed to me when I signed up so I liquidated my IRA and my regular accounts that I had with them and I will never do business with these crooks ever again. I just lost $100 from my IRA because I choose to consolidate my IRA accounts. On top of that, they would not let me withdraw my money as a IRA rollover. They said I had to choose “premature” and they would change it on their end so I don’t get taxed. I doubt they would do that because once a liar always a liar. I have reached out to them many times about this policy because not even bigger company’s like TD or Fidelity will charge you a fee for liquidating your account so why should this small no name company charge me $100? Stay away from them. They are crooks and unless they give me back my $100 this review will remain.

by Ibarra Veronica

Horrible customer service theres slightly 1 out of 100 to get customer support on the phone,I finally after a whole week of transferring my account from another firm wich i had changed my mind and send numerous emails since they didnt answer to cancel the transfer they emailed me back stating they would cancel my request,1 they provided no help no information theres no one on top of them to talk to and she sounded very unprofessional to where my money was it wasn't in my bank or on this app portafolio either her answer was :” ahhh you should have it tomorrow ...maybe... if not you could call back tomorrow?” I was really frustrated at this point i havnt seen my money in neither account for 4 days until finally after the 6 days just to be unavailable to withdrawal or trade, my account is frozen, after 3 days they emailed me stating they needed documents that that account was mine to verify... i sent out documents and nothing 2 days later i get email that the documents i provided weren’t proof to verify they needed the last statement of the account??? 14 days have gone but with my money going from disappeared to frozen account i sent them emails that i just want liquidate and close account and still nothing! DO NOT TRUST M1 IM STILL HOPING I COULD GET MY MONEY BACK UP TO NOW, I REGRET EVER DOWNLOADING IT FURTHER MORE HAVING EVEN THOUGHT OF TRANSFERRING!

by Roman Vysh

The idea and app itself worked well for me and I was pretty happy with that. Until month ago when I moved to another house- that’s where all the problems appeared. People move from place to place sometimes, right? Not a big deal, right? But not for this app Support. They froze my account cause my bank now connected with my new address and they got old one in the system. I sent them proof of my new address, ID card, they asked for recent bank statement- all sent, simple deal to change the data and unfreeze it! Not for that company guys. 3 WEEKS I’m trying to reach customer support. 3(!!!!) weeks they simply don’t answer my messages, I sent about dozen of them- ZERO response!!! Can you believe in it in 2021? They spent so much money for advertising EVERYWHERE, but don’t want to spend a penny to improve they’re terrible support. That’s a wrong idea- you’ll gonna loose your old clients. Right now I’m transferring my account somewhere else. People, AVOID this company, it may seem legit but as soon as you got in situation where you need support or any kind of action you’ll feel forgotten. Shop around for something else.
P.S. sort reviews by “most recent” and you’ll see how they fall down- only disappointment.

by M1 Need To Removed Limitation

I like M1 but they have a problem 1 u have to open more then one account if you want to have more than 100 stocks ...
2 .. for some reason if you call then couple of time and they dont want to keep helping you they dont answer the phone if you call them from ur number ull have to call them from diferent phone then they answer..
3. They freeze ur account the moment u add more than 100 stock .. i have with robinhhood 300,000 dollars split on 10,000 doferent stocks and etf no problem no limitation ... i would like to move half of my money to this app but i dont do it because i dont like to be control how i invest my money so i only keep in this app les then 5,000 ....my wife been waiting in moving her money from this app to her bank for like 3 weeks the account still said liquidation nothing tranfers she also open a robinhood account and she is happy with robinhood.....we run business at the end of the day if you dont give peoplewhat people like everyone going to keep moving yo robinhood .. i talked robinhood last week they said this coming year they re going to have a setting with auto invest like this app finance so then i wont need this app..... for this app i recommend removed the limitation of 100 stocks .. let people add as many stock or eft we want ...

by Thadimus11

FYI for all users looking for a one stop shop for your banking, this one won’t cut it. They have an excellent interest rate on the spend account if you’re willing to pay the annual fee. But don’t move all your money there if you need it in a pinch. This week I closed on a refi for my primary residence and needed to wire funds for the closing. this app support told me they could do it and then wouldn’t do it. The said they require a Letter of Acceptance from the title agency for me to transfer funds. My Title Agency operates nationally and had never been asked for this before. Customer support is severely lacking at these startup financial institutions, taking a half hour just to get on the phone with someone that doesn’t even know what they’re talking about. After being put on hold three times so they could confer with the Brokerage Team, I was told they would wire the funds only later to find out the Brokerage team wouldn’t do it. Thank goodness they aren’t my only bank. I’ll never consider this app as a one stop shop for banking because they can meet my expectations.

by BremertonChuck

The this app platform is so poorly designed, and simply not a good option for most people. It is a platform for the beginner PASSIVE investor that doesn’t manage their portfolio at all, or plan to make any changes over time.
For example, if I have some stocks in a pie, but then later decide I want to create another pie (e.g. Tech pie, or an ETF pie) and I want to move stocks that I already own to the new pie, I CAN’T DO IT!!! Impossible from their platform. You have to sell your stock and then repurchase it from within the new pie. HOW UTTERLY STUPID!!!
Also, when you want to sell stocks you have to manually go into the pie slice and manually type in the current value of the slice, which is going to change by the time the slice sells because they only conduct trades once per day. So what is the point of manually typing in a price that is going to change by sell time? Again, UTTERLY STUPID. Just add a friggin SELL button for pete’s sake.
But then after you sell the stock, the slice doesn’t just disappear, you now have to go back into the pie and delete the slice AND also rebalance the pie. What a pain in the neck. So much work to do one little thing and just plain stupid!
The pie concept is great, but the this app platform is lousy. Just don’t bother because its too much headache.

by Fosterdw

I don’t like the “pie” and “Slice“… I should easily be able to buy and sell shares, FaceTime a dollar amount or a share amount… instead this program runs off percentages and is not really easy to track and follow. M1 /program was recommended by a friend who likes it but it’s just not my cuppa tea so far, I’m going to keep playing with it, but if it is this annoying all the time then I’ll just dump this account. Please note that this is just my opinion it was very easy to set up and they do seem to have some really cool features I just do not like percentages I should be able to do exact dollar minutes when I buy and sell some thing and then it should calculate the rest…
For a quick example of what I want. Let’s say I want to sell $150 worth of shares and then it automatically sells those shares that I’ve selected to equal $150 or a little more because of price differences, brokerage fees, etc. that is all I’m asking for… i’ve watched multiple rounds of training videos and can’t seem to figure out if there’s a way to do that.

by Rickypudouxluxpu

M1 is cool, I think it makes it easy to invest and create diversification. The premade pies make things very simple. My only problem is the amount of time it take for transfers to go through between my bank. I have several apps to invest in and this app is by far the longest. Sometimes I want to transfer from my this app when money is a little tight but it usually takes so long it’s already past the point of helping. Almost everytime it takes longer than a week. Why??? I don’t know. I could understand a situation like this 1. I initiate the transfer to go my bank. 2 the next buisness day needs to sell off the investments for that amount 3. Make the transfer 4. Possibly a fourth day to collect the funds at the bank. But anything longer than this process doesn’t make sense to me. I started a transfer last Tuesday for instance, it’s Tuesday again today and the transfer is still pending. I don’t know why it takes so long but that needs to be fixed, nothing ever takes this long to process when it has to do with money. It’s money that’s not being invested+can’t be used so it’s just sitting there.

by Par6126

I like this app because I can make a pie or pies and invest as I want to, however, I hate the buying limitations. You can only buy or sell twice a day at the specific times. I think buying and selling should flexible. I hate buying at the highs of the day, especially during these volatile markets. I feel like more than 90% of the time market is at highest/lowest at 9:30am and 3pm. And everytime i add money I see I bought at the peak of the day. I know as a long term investor it shouldn’t matter much. But it hurts and annoying to see that you paid the top dollar on your buys all the time. For example, today TTD was traded at $660 at 9:30am and 3pm however, it was trading at $560 at 11am. I wish I could buy some shares at 11am at $100 lower price just like many others. Tsla is the same $630 at 9:30 but at around 11am it was $539 but no way to scoop some shares at that low with this app. That is really frustrating part of M1 and hinders me to bring all of my assets over to this app. I wish we could have buy/sell time flexibility, even you are just limited to do once or twice a day but flexibility on when you want to buy/sell. That is the biggest problem I have with this app. I hope this app will fix this issue and I’d bring more assets and more cash into app if they do and it would be my ultimate investment platform.

by Aeely

Currently, M1Finance has a bug that does not allow any user to edit holdings in pies if the amount of holdings goes over 100. This is a game changer, as you will not have access to any of your money until they fix it.
I transferred my shares from one brokerage to this app and this bug has stopped me from adding all the holdings I already have. So now my account has been on hold for over 2 MONTHS now. No access to my own money. Not good. Fix this.

Update: A recent merger required all investors a certain amount of shares under a different ticker symbol. However, all notifications in this app finance say that the new shares will be acquired automatically. This is not true. I noticed the new shares where liquidated from the account. Contacted support and of course a generic response was given with no answers. The thing is I tried to add the new ticker to the portfolio before the shares where liquidated but M1 did not show the new ticker to add. So I assumed it would be automatic. It wasn’t. They screwed up the merger due to the way their Pie system automatically operates.

by @ekbuhl

I use my account to invest in a diversified group of ETF from Paul Merriman’s recommendations. The fractional shares and ability to allocate a % to each ETF are such valuable features. Account maintenance is so easy and depositing money is easy because this app can be setup to do everything automatically. You can tell this app is growing rapidly as features change frequently. It’s not nearly as polished as the big brokerages, but you can’t create your own “robo advisor” account for FREE at any traditional brokerage without handholding every transaction and running into roadblocks since basically no one else offers fractional shares. I see this app changing the way other brokers allow investors to trade and at that point they may not provide any further value. I’m hopeful they continue to gain refinement and add features that are common at most brokerages, but what they do offer now is very special and I highly recommend if you are looking for what they do well.

by M1MixFeelings

I’ve been trying for over two weeks to get started with this app investing. When I downloaded the this app app on my iPhone I noticed the content was a little different from what I’ve been seeing on the this app tutorials and website desktop.
I’m new to investing so I choose this app because it looked user friendly, however the mobile app navigation looks very different, aside from that their is no image of the pie chart anywhere. I’m not sure how to choose slices to make up my portfolio. The mobile app doesn’t give you any detailed information on individual stocks, bonds or other securities to help you set this up. Is there a later version of M1? I even tried to update, but I keep getting the same screen up my app. why isn’t the apps content the same as the website and all it’s tutorials. I really want to use the this app investing platform but I’m a bit confused by this. I tried contacting support but no one has gotten back to me to explain the issue.

by KFern88

I have used different investment platforms and I have to say, this app is probably one of the best. The user interface is very easy to use and is well organized. The pie concept makes my kind of investing very easy. Now the drawbacks, in my opinion. I do not like how I cannot remove a slice from a pie without selling the entire position. I wish this app would allow us to remove a position from a pie and put it in a type of holding space. I have my metrics that I use to evaluate a company and when they no longer meet my criteria I stop investing new money into it but I also don’t want to sell as they may in the future meet my criteria again and at that time I would like to invest new money again. Also, this app doesn’t allow you to reconfigure a slice from one pie and move it to another without closing and opening a new position in that pie. For me, if this app could make those two things happen, not only would I probably upgrade my account but I would definitely give them 5 stars and the official title as best investment platform.

by Yoo Jeong Han

A beautifully designed app that lets you invest however much money you want in any stock. Given the ability to purchase fractions of stocks and to rebalance portfolios to reflect your desired weights, M1 is my absolute favorite for long-term retail investing. No fees, easy and fast deposits AND withdrawals! For those of you who already tried other no-fee investment platforms, you would know that easy and fast withdrawals are very rare.

I must also say that I am very impressed with how reliable customer service is. The this app team almost always responded to my emails the next day. Rarely they would take two days to get back to me. I never had to wait longer than two days. I am very satisfied with how this app operates and if it is not evident already, highly recommend M1 to all friends who are interested in long-term retail investing.

by 3rvana

this app Finance is a pioneer when it comes to LONGTERM investing. If you’re looking for high frequency trading, look elsewhere. this app Finance has been the primary brokerage for me for the past year, and I’ve actually transferred all my taxable and IRA accounts over to this brokerage. I’m confident they will only improve from here on out and the team is highly involved with their clients. You can witness their commitments in real time if you’re following their Twitter.

Customer Service is also very good for a primarily online platform; unlike brokerages like Robinhood which I’ve used and had to wait weeks to get issues resolved. this app Finance I’ve only had to wait a maximum of 1 business day to get a response.

this app+ is a very worthwhile service also if most of your personal finances are done through this platform. 1% Annual interest on a checking account is far better than my Ally Savings account at 0.80% (granted Ally is free). But this app gives me instant access to two trading windows, instant deposits into cash accounts, and their borrow feature will come in handy one day with their super low rates whenever I need instant cash for a down payment, or need to strike quick on a good investment deal.

Also rest assured your cash is safe Bc their Checking account is FDIC insured.

I will continue to use and recommend this app Finance.

by Drew4051

this app finance outperforms every other brokerage/brokerage app by a long shot. I have used/currently use Robinhood, Fidelity, and Acorns. this app is the clear winner in terms of wealth growth. The “pie” concept is the most efficient and ingenious idea for investing. They have made this simple. Another aspect that sets this app apart is their “borrow” feature. I am a gold member on their service (I got it at $75 for the first year, normally $125 a year). For me, the borrow feature has provided me the means to make a down payment on my car without withdrawing from my investments. Borrow also allows the user to receive cash without the liquidation of your investment account and it allows my investments to keep growing. Borrow for Gold members is at a cool 2% interest rate (cheap money). My money is starting to compound and the scale they use (total account value) allows the user to have a visualization of the “8th wonder of the world” (compounding). I’m only 21 and the future is bright thanks to tools like this app. M1 is beautiful offspring of a capitalistic society and M1 will be the reason for many future millionaires. Keep up the great work..

All it needs is real human reps to call for costumer service!

by James, Trumpet At Law

Relatively new to using M1 but so far so good. I can see this being a good option for experts, newer investors and anyone in between!

Creating and editing your portfolio via "pies" works well, and pretty easy to edit the slices. The fact that you can add curated mixes to the pie is quite useful too- glad I found a mix that works fantastic as part of my strategy instead of working against the rest of my portfolio. Rebalancing is a breeze as well with just the click of a button. Another thing I appreciate is that this company shares data with another app I use to monitor my net worth along unlike a certain other app that became infamous recently...

One caveat to consider is that initial purchases need to buy at least $1 per position or else the transaction gets skipped. That may cause some weird weight issues if you selected a bunch of slices for your portfolio like I did in the beginning. I'm also unable to apply for the spend feature at this time since I registered for this app at a different address than my bank statement says, but I have no doubt that it can be fixed.

Despite those issues I enjoy using M1 as part of my investing journey. If you are looking for one single app for investing and leaning towards choosing your own stocks and etfs, this app is a solid choice!

by Franki Blaise

I use 4 different brokerages; E*TRADE, Stash, acorns and this app. The bulk of my long term investments is in this app. It’s a great way to diversify your portfolio a lot to do with fraction trades. You start off with one big portfolio that uses a pie formula. You can purchase single stocks there or do what I did and make smaller portfolios inside the main one. This makes funding your stocks really easy. You and put x amount into your portfolio and this app will divide it up equally based on the percentage you declared for each slice in that portfolio. You can make small portfolios inside your main portfolio and just choose to fund that one slice of the pie. And lastly you can buy as much of one investment as you want, it’ll just out weigh your pie. You can then choose to rebalance your pie at anytime and this app will do the trades for you to make each slice equal to 100 percent of your pie.

I like their system a lot because it helps you spread out your money over numerous investments very easy and you don’t have to worry about buying investments in whole.

by Apple User 997899

M1 is really pretty good for managing your investments. However I have noticed that the “%gain” printed on the first page is wonky; my account balance is less than yesterday, yet the percent gain had increased. That’s not right. Apart from that it has been pretty good. You have to learn the terminology “pies” and what it means for how your money is invested. You control the $, you control the pie (% per stock in portfolio) but your money is auto-invested based upon what you have setup as the pie. Underweight stocks get more $ when you add money. Once you understand that, your investments go on autopilot. Specify a certainly weekly amount to be deposited, and trades happen automatically, to keep your portfolio in line. Portfolio gets out of whack? Rebalance your pie. Automatically. For free. I have never seen this level of control paired with this level of automation. Not even a 401k, with auto investments, compares. Rebalancing there is an awful, manual process (vanguard, fidelity, wherever). I highly recommend M1.

by Kimrjo

I just waited 16 days before I cancelled the transfer order trying to get my money into my bank account from my investment account with this app. Seems like everybody can take your money quickly but it’s very slow putting it back. I canceled that 16 day transfer and initiated another for $2000 to go into my bank from this app invest.I don’t know what the problem is but I I really enjoyed using my this app count but I’m starting to get leery because I cannot get my money when I want it.
UPDATE:
Customer service responded within 1 day and resolved the issue.I had added a different bank account to my this app account. There was a mixup since I had a transfer pending and canceled it to the old bank account. Long story short it was my mistake and they promptly researched it and I have my money. I give this app finance five stars so far. I’ve been using them since May and have had no issues prior to this at all. And this issue actually was my oversight.

by KING NASEER

At first I heard lots of good things about this app finance. Me and couple friends decided to invest little money and see how it works.. I opened an account and this app finance also offered an early access option to this app spend which sound really good. I paid for early access to checking account and I didn’t hear anything not even an email to update me on status of my account, I called the customer service number and I was told that oh submit 2 type of document and you should be good within 2-3 business days. Week passed no news, I called back and customer service like submit the documents in PDF format and again wait for 3-5 business days. Week passed no news no email or call or notification. I called again and they were like oh your address on utility bill doesn’t match your address in driver license which is B.S. they asked for bank statement I sent that and 3 days later I’m calling they said wait 3-5 more business days. If you call the customer service twice with same number they will hang up on you. They did it to me twice when I called and someone name John picked up the phone, the minute I told my name and the issue that I want to address he hanged up on me. When I sent an email all I get reply that check our features with this app Plus and wait 3-5 business days. Looks like one auto reply for all. To me it looks like bunch of kids running this so called business this app.

by Angry CPA

I moved from Robinhood to this app loving the idea of fractional shares and automatic reinvesting. However, in the transfer my schematics got messed up (gains, percentages, etc.), and I asked them to reset it. After a couple of days they reset it, and now it’s reading properly. I then contacted them and let them know that my earned dividends were wiped out. I’ve emailed them multiple times only to get canned (copy/paste) responses. There is a string of 7 replies now, and none of them are any help. I’ve diligently explained what happened, and how it happened, no help. I’ve called 8 times today alone, no answer. I’ll be pulling my money out next week. Such a shame, great idea for a product, horrible experience getting assistance. If I cant rely on this platform with $25k, there is no way I can move more of my money here. Consider the emotional Attachment you have to your money, now imagine no one responding to your concerns. Great idea for a product, bad execution.

by Bzteachin

Got a $30 “reversal fee” for my own mistake I withdrew from savings rather than checking (well my banks mistake, they should have covered withdrawal with my checking when my savings was too low but of course everything is automatic now so of course there’s no way to prevent getting dinged for mistakes now) I’m a new user (2 weeks) and I asked to have the fee reversed over this mistake. Nope. Which is their right, but NOT great service and now honestly I don’t really trust them. What if there’s some other fee they have that I don’t know about? There was no warning bout the fee as far as I could tell. So I might play around with it for awhile with a few hundred dollars because I like the way it works, but I’ll open a brokerage account from a more customer friendly place when I decide to put more money in the stock market.

by Jjlinke18

I love the fractional shares and auto reinvesting dividends. The pie system is a great idea as well. It makes it super easy for a beginner like me to diversify and manage my portfolio. The website and phone app are also great. The sign up process for this app Plus and the spend account was a little confusion but I’m looking forward to using the checking account once I get my card. For me I have a couple of things would make this a 5 star review. 1. Higher daily limits on debit card, I would love to use this as my primary checking account but with a daily spending limit of $1000 and ATM limit of $500 it just wouldn’t be possible. 2. Customer service needs to be more responsive, only had a couple issues so far but it takes several days to resolve even a minor issue. 3. I would love to see support for an iPad app.

by PT977

I enjoy the concept of M1 and it delivers lots of features. This is what I hate the most; it’s very slow and painful to complete for a sell or a buy transaction. It could take a day or so to complete a simple sell and/or purchase a stock transaction. I frequently request a sell when the stock price is higher, but when the transaction is completed, the sell price is lower than the initial selling price when requested. I’m discouraged the lengthy waiting period where you could lose money. I love Robinhood, it has instant buy or sell and I don’t bear to wait hours or days to sell or buy transactions. This service could earn 5 stars, if there is instant sell or buy stocks rather than wait hours or days and pay higher prices for purchasing or sell lower stock price when sell is complete.

by Dreaming-Of-FIRE-in-2027

this app was great in the beginning. No fees! Free trades, good mobile app and website. Trading only once every 24 hours took getting used to. Pie concept works once you understand what it can and cannot do. Have been using them since Feb 2019 and first ticket , they were responsive, within a couple of days. I did not like the answer then but I understood it. Now I have hit a BUG with this app. Something happened when I added a new sub pie to my portfolio. I only have about 60 total slices and every slice at least $2 but I get an error every time I try to change, add, remove a slice. Actually happened to 2 portfolios the same day. I opened a ticket, waited 2 days, no response so I opened another ticket. No response. I have two accounts with them that are both broken/frozen and no hope of it getting better. If they fix this, I could give them 5 stars. This Friday, i will be broken for a week, and will drop to 1 star and ask for refund. Investor beware.

by Edge2sharp

If you are a long term investor then pick your portfolio put money in and don’t look at it. It’s great for that. The only problem I have which I understand they have to do it this way to make it free, is their trading and rebalancing times each day are too inconsistent. I am not a day trader but everytime I do want to trade a few stocks or rebalance then you have to wait whichever time of the day it is for them to do it. There has been a couple times where I traded a few and by the time it got around to be traded I lost a few hundred bucks by that time. I know they have to do it this way but I still don’t like it. Plus I invested some money in a few of their “expert” portfolios and have yet to make a dime in those. In fact have lost quite a bit of money in their “expert” funds. If you put money in, don’t look at it everyday and leave it in for years then this app is great.

by Bottledicecream

I’ve been using this app for my primary broker for 2 months now and I love it. It’s perfect for long term investing and the fractional shares and auto-reinvesting features work great. The only complaint I have is that M1 is very buggy and probably 30% of the time will not display information correctly. Just this morning I had 2 buy orders placed the night before and after the trading window ended, it showed that my orders were not executed and was going to wait until next Monday to execute them. Thankfully this was a bug and about 2 hours later it showed up in my activity page that they were executed this morning and were successful. Once again, great app and features but it displays inaccurate information a lot.

by Haduca

I really like this app Finance, primarily because it’s free and that I can purchase partial shares. It deserves 5 stars on those reasons alone.

However, I would like to see another way to purchase shares besides the way it allocates deposited funds based on the percentages given on pies.

I’d like to allocate funds freely, automatically of course on the same basis it does currently: weekly, monthly that sort of thing, but with dollar value options.

For example, I’d like to put in 100 dollars a week into Apple and 50 dollars to Disney, and differing amounts on my other stocks. The purchased shares won’t be based on a pie, but rather a predetermined amount.

The pie method limits my ability to continuously add funds into stocks that have risen significantly, and making its weight heavy on the pie. Even if my determined weight for the stock on my pie is exceeded, I would like to continue purchasing shares for that stock.

The predetermined dollar amount to purchase s shares for the stock will eliminate the pie limitation. I would still like to see a pie of my stocks, but I don’t want the percentages on the pie to limit my purchasing ability.

Please let me know if this will ever become an option in the future.

by Chris-Fry64

I absolutely love this app Finance. Zero commission trades? You bet! My experience has been great so far. I left wealthfront for this app and haven’t regretted it for one second. Being able to have a tremendous amount of autonomy over my portfolios and being able to group/bucket my investments into themes/pies has been really useful in keeping track of how my investment theories and strategies play out. I even emailed the CEO to thank him for the great work he and his team were doing were doing and he replied back to me with a personal note and shared his vision for the company/product. He and his team seem like a really wholesome bunch. It’s been such a positive experience so far and I am excited to see how the product develops! Thanks!

by Moldy912

this app is awesome: completely free, quick deposits unlike Robinhood, and partial shares which very few brokers do. I can make my own ETF essentially. I love the concept of pies, M1 shows them very interactively and intuitively, and it's fun to make your own mix of stocks.

I was using Robinhood, Schwab, and Betterment, but will now be doing this app instead of Betterment. This will avoid the management fees and give me almost any choice of fund, which betterment doesn't allow for accounts less than $100k. I'll still keep Robinhood because I like the interface and the feeling of owning whole stocks, but I'll be using it less and less. Schwab same kind of thing, it's convenient but there are fewer free ETFs, and no free stocks.

I would highly recommend M1, so far it's great and I will be putting most of my money into it.

by 4pooling

Love the ability to buy/sell fractional shares for free and can turn on/off auto invest function.

Lots of stupid 1 star reviews of people who don't learn how to use M1 and don't read online forums or website instructions. What a shame! this app is as good as you're willing to discover its capabilities!

Love how I can instantly fund my account and invest in the following trade window.

Love that I can create my own pies and slices within slices.

Here are my suggestions to improve the platform:

1) this app's market research and articles section isn't as up-to-date as the newsfeed in my TD Ameritrade app. Articles are hours old on this app and there are much fewer articles and market research updates than other financial research apps. Please seek to improve.

2) I just now noticed some errors in the reporting of the percentage value of my slices. Maybe a glitch that will be resolved tomorrow morning automatically? My actual value isn't wrong and my cash balance isn't wrong. Just the percentage value within my slices are wrong.

Thank you for this wonderful app! Fractional shares with zero trading commissions! Tremendous!!

by Tennisaddict4life

M1 works just as it should. The concept of pies took a little bit of time to get used to as I constructed my first portfolio, but once figured out, it gives the user great flexibility in creating a portfolio. One feature that would be nice is to see what stocks are duplicated in multiple pies as you put together a portfolio.

Regarding this app: The ability to purchase fractional shares allows even small investors to have a diversified portfolio and add to it with regularity, and the ability to do it for free is a great benefit to today’s budding and experienced investors. Here are a couple things I wish this app would add to their service: First, allow for recurring individual orders and second give the customer the ability to turn off the auto rebalancing feature for new investments.