M1 Invest Fees

Updated January 2024

Trading Fees (Non-commission fees)


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 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 0.000166 with a maximum of $8.30

*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
DRS Transfers (per DRS security transferred)$115

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 Plus fees

M1 Plus fees
Annual Subscription Fee$36
Monthly Subscription Fee$3
Fees subject to change without notice

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.