What fee was I charged?

Unlike other investing platforms, you’ll never be charged: 

  • Commissions or markups on any trades 
  • Platform usage fees 
  • For depositing or withdrawing from your connected bank 

We believe your money should work harder for you, that’s why we eliminated fees that many other brokerages charge their customers 

M1 doesn’t charge for normal platform use, meaning you’ll never pay for regular investing activities.  

But we also know some investors 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


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
Computershare transfers (per Computershare security transferred)  $115



IRA termination fee (per event)  $100
Mutual fund sales  $20
Liquidating securities traded on foreign exchanges  $50


Bank fees – M1 Invest 

Please note: Direct ACH deposits from or to your connected bank account are always free. 

Wire transfer (domestic)  $25
Check request  $25
Returned checks/ACH/wires and recalls  $30
Amendment repairs  $30
ACH notice of change/correction  $5


Bank fees – M1 Spend 

ACH return fee $30


Regulatory fees 

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 4 cents in regulatory expenses — 3 cents in SEC fees and 1 cent in TAF fees. These costs are calculated as follows: 

SEC (Securities Exchange Commission) Fee* = total price of transaction x $5.10 / 1,000,000 
TAF (Trading Activity Fee) Fee* = shares sold x 0.000119 with a maximum of $5.95 

*Fees are rounded up to the nearest penny 

Please note when trading American Depository Receipts (ADR), fees may apply and are charged to you as the holder of the ADR.  



Annual Subscription Fee $125


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