M1 Invest Fees

Updated May 2025

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 fees occur when users sell a stock or ETF, and often costs 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 $0 / 1,000,000

2TAF (Trading Activity Fee) Fee* = $0.000166 per share (up to $8.30 max per trade)

*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
Minimum Balance fee: accounts with up to $50 & no trading/deposit activity for 90+ days.$50
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 Monthly Fee3                                                                                                                                  $3
IRA Termination Fee (per event)$100
Mutual Fund Sales$20
Liquidating securities traded on foreign exchanges$50
Rights Exercise Fee$50
Charitable donation of stock (per security)$25
3 IRA Monthly Fee not applicable if client (i) pays the Platform Monthly Fee4; or (ii) maintains more than $10,000 in total assets on the M1 Platform; or (iii) has an active M1 Personal Loan. IRA Monthly Fee applicable to any type of retirement account (e.g., Roth, Traditional, SEP), but only charged a single $3 fee per month, regardless of type or amount of retirement accounts on the M1 Platform.
Miscellaneous Bank Fees — M1 Invest
Wire Transfer (Domestic)$25
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 Crypto fees

Bakkt transfer fees
Charged by Bakkt for outgoing external wallet transfers.$150

M1 does not charge commission for investing in cryptocurrencies. All cryptocurrency accounts are opened directly between Bakkt Crypto (“Bakkt”) and the client, and Bakkt is assessing 1% or 100 basis points fee to all crypto transactions on purchases and sales, reflected in the execution price. M1 and Bakkt Crypto have entered into a fee rebate agreement.

M1 platform fee

M1 Platform fees
Monthly Fee$3
M1’s monthly platform fee will apply to all clients who do not meet Program Requirements. Please see https://m1.com/legal/disclosures/platform-fee-disclosure for the full list of Program Requirements.

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