At M1, we prioritize the safety and security of our clients' assets. Here's why M1 is a trustworthy institution for your financial needs:
Regulatory Compliance
Registered with the Securities and Exchange Commission (SEC)
Member of FINRA (Financial Industry Regulatory Authority)
Audited regularly by independent auditors and regulators
Robust Security Measures
All data transferred and stored within our systems is protected with military-grade 4096-bit encryption
Regular security audits and updates
Two-factor authentication and multifactor authentication for account protection
Comprehensive Insurance Coverage
SIPC-protected up to $500,000 per account type, per brokerage
Includes $250,000 for cash
M1 High-Yield Cash Accounts
FDIC-insured up to $3.75 million
1through a deposit network.
The cash balance in your Cash Account is eligible for FDIC Insurance once it is swept to our partner banks and out of your brokerage account. Until the cash balance is swept to partner banks, the funds are held in a brokerage account and protected by SIPC insurance. Once funds are swept to a partner bank, they are no longer held in your brokerage account and are not protected by SIPC insurance. FDIC insurance is not provided until the funds participating in the sweep program leave your brokerage account and into the sweep program. FDIC insurance is applied at the customer profile level. Customers are responsible for monitoring their total assets at each of the sweep program banks. A complete list of participating program banks can be found here.
M1 High-Yield Savings Accounts
FDIC-insured up to $5 million
2through a deposit network. See all participating banks here.
Learn more about High-Yield Savings FDIC insurance
M1 Spend - Owner's Rewards Card
Visa Zero Liability Protection
Established Track Record
Managing over $9 billion in client assets
Serving hundreds of thousands of clients
Named "Best for Sophisticated Investors" by Investopedia in 2024
Awarded in CNBN 2024 top Wealth Technology fintech
4.5 stars in Google Play store
4.7 stars in Apple App Store
M1's commitment to security, comprehensive insurance coverage, and regulatory compliance helps make us a safe and reliable choice for individuals looking to build and manage their wealth.
Your security is our priority. All data transferred and stored within our systems is protected with military-grade 4096-bit encryption.
For additional protection, we offer two-factor authentication (2FA). You can enable 2FA in your settings.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
^M1 Finance, LLC does not charge commission, trading, or management fees for self-directed brokerage accounts. You may still be charged other fees such as M1’s platform fee, regulatory fees, account closure fees, or ADR fees. For a complete list of fees M1 may charge visit M1’s Fee Schedule.
1The cash balance in your Cash Account is eligible for FDIC Insurance once it is swept to our partner banks and out of your brokerage account. Until the cash balance is swept to partner banks, the funds are held in a brokerage account and protected by SIPC insurance. Once funds are swept to a partner bank, they are no longer held in your brokerage account and are not protected by SIPC insurance. FDIC insurance is not provided until the funds participating in the sweep program leave your brokerage account and into the sweep program. FDIC insurance is applied at the customer profile level. Customers are responsible for monitoring their total assets at each of the sweep program banks. A complete list of participating program banks can be found here.
2 M1 High-Yield Savings Accounts are furnished by B2 Bank, NA, Member FDIC (“B2”). M1 is not a bank. B2 Bank is a member FDIC institution and does not itself provide more than $250,000 of FDIC insurance per legal category of account ownership as described in FDIC regulations. Additional FDIC insurance coverage is provided through B2’s Insured Deposit Network Program involving other FDIC insured depository institutions. Deposits may be insured up to $5,000,000 through B2’s Insured Deposit Network Program. Full terms of the Program can be found at m1.com/legal/agreements/hysa_agreement and a complete list of participating banks in the program can be found at m1.com/legal/agreements/depositnetwork
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