Margin Discount Promotion Terms & Conditions

You must agree to the following terms and conditions in order to be eligible for this Promotion. These Margin Promotional Rate Terms and Conditions are in addition to your existing M1 Brokerage Customer Account Agreement and the M1 Margin Risk Disclosure. 

Promotion Start Date: August 16th, 2024 

Beginning on the Promotion Start Date, eligible M1 clients (“Eligible Clients”) who successfully satisfy the below applicable requirements can receive a unique margin percentage rate reduction from M1’s Standard Margin Rate¹ (the “Promotional Rate”) on their margin balance for a specific period beginning on the Eligible Client’s Opt-in Date (“Promotional Term”) (the “Promotion”). Each Eligible Client will receive a unique Promotional Rate and Promotional Term via an email or in-app invitation or via an invitation to visit their unique Promotional Landing Page, each directly from M1. See below Promotion Requirements for more detail. “Eligible Clients” is only for clients who receive an invitation directly from M1 for this Promotion, and means all (i) new M1 clients who sign up for an M1 account on or after the Promotion Start Date (“New Clients”) or (ii) current M1 clients who already have an M1 account as of the Promotion Start Date (“Existing Clients”). 

To earn the Promotional Rate: 

An Existing Client must: (1) receive an invitation directly from M1 to participate in the Promotion as specified in the invitation, (2) explicitly opt in to the Promotion by clicking on the unique hyperlink (or button) in their invitation (“Opt-in Date”); (3) Opt in to the Promotion before the Promotion expiry date specified in the invitation (“Offer Expiry Date”); (4) Maintain an active funded margin eligible brokerage account cleared with M1 Finance LLC² (“Eligible Account”); and (5) maintain a daily high watermark margin balance of at least the minimum amount specified in your unique invitation during your Promotional Term (“Minimum Daily Margin Balance”). You only need to meet or exceed your unique Minimum Daily Margin Balance at least once daily.  

A New Client must: (1) Visit this Promotion’s Promotional Landing Page and click on the specific hyperlink (or button) to begin the account opening process; (2) Successfully submit a valid email and password creating an M1 user login (“New-User Signup Date”); (3) Successfully open and fund a margin eligible brokerage account cleared with M1 Finance LLC² (“Eligible Account^”)3; (4) Maintain the Minimum Daily Margin Balance specified in the Promotional Landing Page during your Promotional Term. You only need to meet or exceed your unique Minimum Daily Margin Balance at least once daily.  

The following accounts are ineligible for this Promotion and thus not an Eligible Account: Retirement, Custodial, Trusts, LLCs and any accounts cleared with Apex Clearing Corporation ^{2, 3}. 

Additional Information For Existing Clients Only: 

In cases where explicit opt-in is not required by the Existing Client, and thus M1 enables the Promotional Rate for the Eligible Account, the date on which M1 enables the Promotional Rate will be considered the Opt-in Date for the Existing Client’s Promotional Term. All other conditions herein must be met by the Existing Client in order to earn the Promotional Rate.  

All Eligible Clients who successfully meet the above applicable requirements will earn the Promotional Rate on their Margin Balance for the Promotional Term mentioned in either an Existing Client’s unique Promotional Invite or a New Client’s Promotional Landing Page, as applicable. Promotional Term for each Eligible Client will commence on the Eligible Client’s unique Opt-in Date.  

Each Eligible Client’s continued eligibility for the Promotional Rate will be determined by such Eligible Client’s Minimum Daily Margin Balance each day. During the Promotional Term, on the days that an Eligible Client’s Minimum Daily Margin Balance is not met or exceeded, the then-applicable Standard Margin Rate will apply on the entire margin balance for such day. An Eligible Client may not meet or exceed their Minimum Daily Margin Balance every day during the Promotion Term, and only on such days with the then-applicable Standard Margin Rate apply. For all days during the Promotional Term where the Eligible Client met or exceeded their Minimum Daily Margin Rate, the Promotional Rate will apply to the entire margin balance for such day.  

Existing Clients are prohibited from sharing your unique invitation with any other person. M1 reserves the right to modify or terminate this Promotion at any time without notice. M1 has no obligation to grant the Promotional Rate to any particular person, regardless of that person’s participation in any promotional program, and may accept or reject an application in its sole discretion. All eligibility decisions shall be made by M1 in its sole discretion.  

M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not all securities are available for M1 Margin Loans and the amount that may be borrowed against a security is subject to change without notice.  Available margin amount(s) of M1 Margin Loans may require greater than $2,000 per Brokerage Account. Always consider the risks before using Margin. To learn more, see our margin account risk disclosure.  

Exclusion: In the event you are earning the Promotional Rate and thereafter, open a margin eligible account cleared by Apex Clearing during the Promotional Term, you forfeit the right to continue earning the Promotional Rate for the rest of the Promotional Term on your Eligible Account. 

Without limiting the foregoing, M1 shall have sole discretion to determine whether to disqualify any person from receiving a Promotional Rate or otherwise participating in the Promotion for any reason, including but not limited to if M1 determines, in its sole discretion, that fraudulent activity or a violation of the terms of the Promotion or your account agreement may have occurred. In the event M1 disqualifies you from the Promotion after the Promotional Rate has applied, M1 reserves the right to recapture the amount of reduced interest attributable to the Promotional Rate to the maximum extent permitted by law.  All federal, state, and local taxes and any related fees and expenses are the sole responsibility of the Eligible Client. By participating in this Promotion, you acknowledge that you have read, understood, and agree to these Margin Promotional Rate Terms and Conditions.  

Each Eligible Client’s continued eligibility for the Promotional Rate will be determined by such Eligible Client’s Minimum Daily Margin Balance each day. During the Promotional Term, on the days that an Eligible Client’s Minimum Daily Margin Balance is not met or exceeded, the then-applicable Standard Margin Rate will apply on the entire margin balance for such day. An Eligible Client may not meet or exceed their Minimum Daily Margin Balance every day during the Promotion Term, and only on such days with the then-applicable Standard Margin Rate apply. For all days during the Promotional Term where the Eligible Client met or exceeded their Minimum Daily Margin Rate, the Promotional Rate will apply to the entire margin balance for such day.  

Existing Clients are prohibited from sharing your unique invitation with any other person. M1 reserves the right to modify or terminate this Promotion at any time without notice. M1 has no obligation to grant the Promotional Rate to any particular person, regardless of that person’s participation in any promotional program, and may accept or reject an application in its sole discretion. All eligibility decisions shall be made by M1 in its sole discretion.  

M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not all securities are available for M1 Margin Loans and the amount that may be borrowed against a security is subject to change without notice.  Available margin amount(s) of M1 Margin Loans may require greater than $2,000 per Brokerage Account. Always consider the risks before using Margin. To learn more, see our margin account risk disclosure.  

Exclusion: In the event you are earning the Promotional Rate and thereafter, open a margin eligible account cleared by Apex Clearing during the Promotional Term, you forfeit the right to continue earning the Promotional Rate for the rest of the Promotional Term on your Eligible Account. 

Without limiting the foregoing, M1 shall have sole discretion to determine whether to disqualify any person from receiving a Promotional Rate or otherwise participating in the Promotion for any reason, including but not limited to if M1 determines, in its sole discretion, that fraudulent activity or a violation of the terms of the Promotion or your account agreement may have occurred. In the event M1 disqualifies you from the Promotion after the Promotional Rate has applied, M1 reserves the right to recapture the amount of reduced interest attributable to the Promotional Rate to the maximum extent permitted by law.  All federal, state, and local taxes and any related fees and expenses are the sole responsibility of the Eligible Client. By participating in this Promotion, you acknowledge that you have read, understood, and agree to these Margin Promotional Rate Terms and Conditions.