Can you trust M1 Finance?
Is M1 Finance Safe? M1 Finance is a safe, and the company is a registered broker/dealer with FINRA and a member of the SIPC. This means you get up to $500,000 in SIPC insurance for your investments and up to $250,000 in FDIC insurance for cash in your M1 Spend account.
Is M1 Finance financially stable?
Yes! M1 Finance is insured by the Securities Investor Protection Corporation, or SIPC. The SIPC insures the securities that you hold in your portfolio, as well as the cash sitting in your brokerage account.
Is M1 membership worth?
If you are an existing M1 user and don’t have the free M1 Plus trial offer, it might be worth paying the $125 for M1 Plus. For example: if you have a loan of $5,000 at 7.25% a year, you will pay roughly $362 in interest over 12 months. That same loan at 5.75% would only cost you $100, saving you $287.