M1 Finance is currently running a promotion for referring others to the platform that pays $20. The “M1 Finance Referral: Give $20, Get $20” program pays $20 if you sign up using a referral link and then gives you access to your own referral link for others to sign up. Once a friend opens an account using your link and funds it with at least $100, each of you will receive $20.
M1 Finance Intelligent Investment Platform
M1 Finance is a simple, convenient and free to use investment platform. It started its journey to make investing more accessible by offering an easy to use portfolio builder, intelligent automatic re-balancing tool and other innovative features without having users to pay commissions or markups on any trades ever. Besides, it has some great features to ensure safety to your security as well as your M1 finance account.
M1 Finance is a member of SIPC (Securities Investor Protection Corporation). So, securities in accounts are protected up to $500,000. In addition, their clearing firm has also purchased supplemental insurance in the event that SIPC limits are exhausted. To ensure security to your account, this platform features military-grade 4096-bit encryption and two-factor authentication.
$20 Bonus Credit for Opening a New User Account
M1 Finance is offering a $20 bonus for opening a new account. Get yours by signing up with M1 Finance Referral Link and following the steps below.
Create your free account using this $20 M1 Finance Sign Up Bonus Link.
Deposit a minimum amount of $100 for taxable accounts or $500 for IRAs within 90 days.
Maintain the initial qualifying deposit for 90 days.
Once you meet these conditions, you’ll see the $20 cash bonus under ‘Promotions’ tab.
Types of Accounts that M1 Finance Supports
A brokerage account is opened through a broker. M1 Finance supports two types of Brokerage accounts.
Individual Brokerage Accounts
If you open an individual brokerage account, you’ll have the full ownership of the account. Using this account, you can buy and sell bonds, stocks, exchange-traded funds and make other types of investments.
Joint Brokerage Accounts
If you want equal ownership over an account, you can open a joint brokerage account. This type of account is ideal for couples, and parents and their children (over 18 years old).
M1 Finance supports traditional, SEP and Roth IRAs. Using this type of account, you can invest for your retirement date and allow your money to grow tax-free.
M1 Finance allows users to set up trust accounts via a paper account opening process.
How to Invest with M1 Finance
M1 Finance lets you invest by creating customized ‘Pies’ or investment portfolios based on your risk tolerance, goals and other factors. While going through the signing up process, you’ll be asked to choose some of the investment options you would like to invest in. You need to choose three or more options to create your customized pie. After that, you’ll need to set the percentage for each slice of the pie. Finally, you can fund your account. And once you do so, your money will be distributed among the slices in accordance with your preference.
M1 Finance allows you to select any type of investment pie based on your preference as well as multiple pies to diversify your investment by investing a different amount of money into different pies.
M1 Finance Referral Program
With the referral program of M1 Finance, you can give a bonus credit of $20 to anyone who creates a new account using your unique referral link and funds his/her account. In addition, you also get a $20 bonus credit for this. So, both parties can benefit from the referral program. Moreover, earn an additional $1,000 when you refer 10 people who fund their accounts. The M1 Finance referral bonus is less than SoFi Money’s $75 referral bonus, but if you refer 10 or more friends, it ends up being more.
How to Refer a New User
- Click on ‘Refer & Earn’ (you can only open this tab if you’ve already funded your account).
- Sign up for the referral program.
- Select an account where you want to receive your referral program earning.
- Share your unique referral link via email, text or social post with your friends, family, and associates.
Every time someone uses your link to sign up and fund their M1 Finance account, your $20 promotion will be visible under ‘Settings > Promotions’ section. It may take up to 14 days to receive the bonus credit on your account. Once you receive the credit, you will see a $20 Promotional Credit in Activity.
M1 Finance Referral Program Terms and Conditions
- Offer is available to U.S. Residents only
- Users with a new brokerage account or IRA account with M1 can only avail this offer.
- Referred users must make an initial deposit of $100 for taxable accounts and $500 for IRAs within 90 days of signup. In addition, the initial deposit must not be withdrawn for 90 days.
- No other offer is valid with this promotion. And the bonus credit is non-transferable.
- An open brokerage account is a must to have for both you and anyone you refer.
- Only an individual or joint taxable brokerage account can be used as a ‘Payment Account’ (funding isn’t required).
If this referral program seems interesting to you, you can create your M1 Finance account using Bonuserys M1 Finance referral link, fund it and signup for the program right away!
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