M1 Finance, Free Automated Investing Plus $30 Signup Bonus
M1 Finance is a free automated investing platform. M1 Finance offers a combination of automated investing, but with a high level of customization that allows clients to create a portfolio tailored to their specifications. You can set up a weekly or monthly transfer that is automatically invested in a “pie” made up of stocks you select. M1 Financial is geared towards more experienced investors, but it is also an option for beginners.
M1 Finance has no trading fees or asset management fees. But, accounts with less than $20 and no trading activity for 90 days are charged a monthly fee. Portfolios with ETFs can incur management fees on the underlying funds that range from 0.06% to 0.20%.
M1 Finance usually has a $10 signup bonus. Now the bonus has been tripled. Here’s how you can earn $30:
- Use a M1 Referral Link and create an account.
- Once your friend is approved to open a brokerage account, they must fund it with $100 or open a retirement account and fund it with $500.
- Your friend must keep their funds inside the new account for 30 days from the date of deposit.
Once credited, you will see a $30 Promotional Credit in Activity. You can also invite friends and earn $20 per referral. They with earn the same bonus when they fund with $100 or more.
- Offer available to U.S. citizens and Permanent Residents only.
- This promotion ends at 11:59 pm ET on February 28, 2021.
- If you receive $30 from this promotion, you will no longer be eligible to receive $30 from the “M1 Deposit $1,000, Get $30” Promotion.
I have several investing apps, and M1 is one of them. I haven’t used it actively, but I like the auto invest feature that stands out. I make a weekly deposit that is then invested equally in four stocks that I have selected.
If you sign up now, you will get a $30 bonus, which is better than the $10 that was offered for a while. And if you have more friends that want to join, you can get $30 for every person that you invite. It can turn into $90 if you are in two player mode.
More Free Stocks and Cash
Here a full list of investing platforms that are offering free stocks or cash to invest:
- TradeStation – $100 Bonus
- Moomoo – 4 Free Stocks
- WeBull – 4 Free Stocks
- SoFi Invest – $50 in Stocks
- Robinhood – $5 Signup Bonus
- Firstrade – 1 Free Stock
- Nvstr – $10 Signup Bonus
- Public – $10 in Stocks
- TradeUP – 2 Free Stocks + $50
- Stash – $25 Signup bonus + $50 with Direct Deposit
- Acorns – $5 Bonus plus $200+ with 4 Referrals