M1 Invest Fees
Trading Fees (Non-commission fees)
ADR
Please note when trading American Depository Receipts (ADR), fees may apply and are charged to you as the holder of the ADR. Fee information for a specific ADR may be obtained from that ADR’s custodial bank.
Regulatory
Regulatory expenses are mandated fees passed on to the consumer. These occur when users sell a stock or ETF, and often cost only a few pennies. For example, if you sell ten shares of Apple stock at $150 per share, you would pay a total of 2 cents in regulatory expenses — 1 cent in SEC1 fees and 1 cent in TAF2 fees. These costs are calculated as follows:
1SEC (Securities Exchange Commission) Fee* = total price of transaction x $8.00 / 1,000,000
2TAF (Trading Activity Fee) Fee* = shares sold x 0.000145 with a maximum of $7.27
*Fees are rounded up to the nearest penny
Note: Regulatory Trading Fees are set by law and regulation and are subject to change without notice. You should always check the current posted M1 Fee Schedule
Account Services Fees
You may request additional account operations from time to time. That’s why we offer the following services for a fee:
| Request for paper copies | |
|---|---|
| Overnight Mail – Domestic (per request) | $125 |
| Overnight Mail – International/Canada (per request) | $100 |
| Paper Confirm Fee (Retail Paper Only) (per request) | $2 |
| Paper Statement Fee (Retail Paper Only), (per 50 pages) | $5 |
| Paper Tax Statement Fee (Retail Paper Only), (per 50 pages) | $5 |
| Return Mail (per piece) | $2 |
| Tax Documents | $50 |
| Account Maintenance | |
|---|---|
| Inactivity fee: accounts with up to $20 & no activity for 90+ days. | $20 |
| Escheatment Processing (per account) | $75 |
| TOD Account Transfer Fee (per transfer) | $200 |
| Direct Account Transfers | |
|---|---|
| Incoming | $0 |
| Outgoing | $100 |
| DRS Transfers (per DRS security transferred) | $115 |
| Other | |
|---|---|
| IRA Termination Fee (per event) | $100 |
| Mutual Fund Sales | $20 |
| Liquidating securities traded on foreign exchanges | $50 |
| Rights Exercise Fee | $50 |
| Miscellaneous Bank Fees — M1 Invest | |
|---|---|
| Wire Transfer (Domestic) | $25 |
| Paper Check or Dividend Check | $5 |
| Returned Checks/ACH/Wires and Recalls | $30 |
| Amendment Repairs | $30 |
| ACH Notice of Change/Correction | $5 |
Please note: Direct ACH deposits from or to your connected bank account are always free.
M1 Spend fees
| Miscellaneous Bank Fees — M1 Spend | |
|---|---|
| Outgoing Wire Transfer | $25 |
*Iowa State Sales Tax may apply if fee charged to a checking account.
M1 Plus fees
| M1 Plus fees | |
|---|---|
| Annual Subscription Fee | $125 |
M1 Crypto fees
M1 does not charge commission for investing in cryptocurrencies. Apex Crypto is assessing 1% or 100 basis points fee to all crypto transactions on purchases and sales, reflected in the execution price. M1 and Apex Crypto have entered into a fee rebate agreement.