Don’t miss the opportunity to get the M1 bonus this season. To attract its customers, M1 Finance brings in exciting promotion deals that can turn out to be the most valuable for bonus seekers. If you are among them, this blog will be the goldmine for you. Here, we will talk about M1 promotions, M1 bonuses, How to get an M1 bonus of up to $500, how to earn a $100 bonus from M1, etc. You will find every bit of the required information, along with the step-by-step guide.
Available M1 finance promotions that we are going to uncover in this blog are:
- M1 New Customer Bonus: M1 Finance delights every new customer with an exclusive deposit bonus. To get this M1 bonus deal, you need to deposit $10,000 minimum, and you will earn $75 to $500.
- M1 Transfer Bonus: M1 offers its customers to earn up to $15,000. For this, you just need to transfer over $100,000 to your M1 account. (details below)
- M1 Referral Bonus: Whenever you or your friend deposit $5,000, you will earn a $100 M1 bonus.
Let’s unlock all the M1 rewards and bonuses in detail:
M1 Promotion New Customer Bonus or ( M1 Sign-up Bonus): Up To $500
If you are a new M1 Finance user, the New customer bonus deal is the perfect gift for you. With the M1 New customer bonus offer, you can earn up to a $500 bonus. For this, you must deposit the qualifying amount in the first 14 days after opening your M1 brokerage account. Keep in mind that this bonus doesn’t apply to retirement accounts.
Now, you might have a question about how much bonus I can earn with the M1 new customer account. Let us tell you, it all depends on how much you deposit in those first 14 days. It’s a welcome bonus from M1.
Here is the list for the bonus amount parallel to the deposit amount.
| Deposit Amount | Bonus Value |
| $10,000 – $29,999 | $75 |
| $30,000 – $49,999 | $150 |
| $50,000 – $99,999 | $250 |
| $100,000 or more | $500 |
How To Get a $500 Sign-Up Bonus on M1?
Follow the steps below to get up to a $500 sign-up bonus on M1.
- Open a free M1 brokerage account by clicking on this referral link.
- Now make at least one or more than one deposit adding up to at least $10,000 within 14 days of account opening or signing up.
- Get set ready with your M1 bonus. It could be up to $500, and you will get your bonus within 180 days of opening your M1 account.
Important: Keep in mind that to secure your M1 bonus, you need to keep and maintain the balance of your initial deposit as it is within your M1 Invest account until the bonus has been paid out against it.
How To Get M1 Referral Bonus Of $100?
It is one of the most exciting Offers from M1. M1 allows its customers to refer and earn for themselves. To get an M1 referral bonus of $100, refer it to your friends and family. Whenever they deposit $5,000 in their new M1 Investment account, you will get your $100 M1 bonus.
Steps To Get $100 Bonus
Step 1: Sign up: Open your M1 brokerage account using this referral link to get the $100 sign-up bonus offer.
Step 2: Deposit Cash: You must make an initial deposit of at least $5000 within 30 days of your account opening.
Step 3: Bonus Arrival: After depositing the amount, you will get your $100 bonus within 14 days of completing the M1 offer requirements.
Things to keep in mind while referring to M1 Finance
- Eligibility: Both the brokerage and retirement accounts are eligible for this M1 referral bonus.
- Bonus Payout: To get the bonus, you must wait 30 days. Both you and your referral will get the $100 bonus 30 days after the successful deposit of the required amount.
- Referral Link: Don’t forget to use a referral link; if you do, you will not get the referral bonus from M1.
- No Mix and Match: Keep in mind that you can get only one benefit at once. This referral bonus can’t be combined with other new customer deposit bonuses.
Important: To qualify for an M1 bonus of $100, you must open a taxable M1 brokerage account. Unfortunately, tax-advantaged accounts, such as an IRA or Roth IRA, don’t cut bonuses. Subsequently, M1 can’t put bonuses into these accounts.
How To Get an M1 Transfer Bonus (up to $10,000)?
M1 gives an additional bonus for those who are looking forward to transferring their brokerage account within the initial 30 days of opening their M1 account. By doing so, you get the chance to earn an M1 transfer bonus of up to $10,000. Whether you are an old or a new customer, this M1 promotional offer is for everyone. (It will end on December 25, 2023.)
Here is the list of Transfer amounts and related bonuses.
| Transfer Amount | Your Bonus |
| $100,000 – $249,999.99 | $250 |
| $250,000 – $499,999.99 | $1,000 |
| $500,000 – $999,999.99 | $2,000 |
| $1,000,000 – $1,999,999.99 | $4,000 |
| $2,000.000+ | $10,000 |
Steps To Get M1 Transfer Bonus
Step 1: Initiate Transfer: If you already have an M1 account, you can start the account transfer process using this link.
Step 2: Account Selection: Now select the type of M1 account that you want to transfer.
Step 3: Brokerage Choice: Select the brokerage you’re transferring from.
Step 4: Account Details: Enter your brokerage account details now, and M1 will handle the whole transfer process.
Step 5: Bonus Arrival: All done..! Now wait and expect a transfer bonus of up to $10,000 landing in your M1 account by August 15, 2024.
M1 Finance Overview
M1 Finance provides its users or investors with the most unique and customizable portfolio-building experience. With M1, you can craft your portfolio (from pre-build portfolios) using a user-friendly drag-and-drop interface.
Why choose M1 Finance?
- Simplicity and affordability: it is very simple and affordable for investors and helps them manage their portfolios effectively.
- Diverse Investment Options: M1 provides investors with diverse investment options like ETFs, Crypto, and individual stocks.
- No Commissions, Low Minimums: With zero commission and a low account opening fee ($100 to invest/$500 for an IRA), it is accessible to every investor.
Conclusion
M1 Finance is a trustworthy investment platform that offers investors a secure environment. The customizable portfolio, bonus up to $500, and $100 referral bonus make it one of the attractive choices for investors or those seeking to earn money from money. If you are one of them, join M1 FInance today and grow your wealth.
FAQs
How do I get my money back from M1 Finance?
By Selling positions: you can get your money back as and when your positions are sold and transactions are settled (within 3-5 business days); the funds will automatically be transferred back to your linked bank account.
Is it safe to invest with M1 Finance?
Yes, investing with M1 Finance is completely safe. M1 is a registered broker/dealer with FINRA and a proud member of the SIPC. All these things collectively ensure that every bit of your investment is covered with up to $500,000 in SIPC insurance. Additionally, cash in your M1 spent account will be protected with up to $250,000 in FDIC insurance.
How do I cancel my M1 account?
Step 1: Go to your account settings.
Step 2: Select “Accounts.”
Step 3: Click on “Deactivate Account.”
Step 4: Confirm your decision to deactivate the account.
A request will be sent to the M1 Client Success Team upon confirmation. If additional information is required, they will follow up with you.
