M1Reviews of m1.com

Complete scam. These thieves have the highest transfer out fees. 100$ to liquidate. They suddenly started charging a 36$ a year fee. Customer service is unfriendly and only interested in large accounts though there are several better brokers and banks, like SoFi or Fidelity or Vanguard or Capita One. Also they force everyone into share holding which can lose all your value. The auto invest means you'll end up paying a lot in fees if you rebalanced..

The M1 interface is not my favorite. I do not find it as user friendly and conducive to financial wellness as other platforms. The customer service I experienced when trying to do a rollover was extremely challenging and I was redirected to many different people. IN total I called 4 different times about the same issue and had to re-iterate the problem over and over. I felt stuck in the middle between two different banks that had two different methods of doing the same thing. Very frustrating. Be wary of unneccesary fees.

I tried to remove some positions from my existing M1 Pie. Their AI gave me some instructions over Live Chat, which I followed step-by-step. I specifically asked how to make sure this would not trigger new Buy orders / Auto-rebalancing. Even after turning off "Auto-invest", their system actually did schedule NEW buy orders instead of placing the funds into my account as a Cash balance! I then called their Customer Service, who told me they have tried to get this fixed by the Engineering team for a while but it was still happening. They asked me to reverse everything I had done and to manually place Sell order one by one to circumvent this bug. I already had wasted so much time, I asked to liquidate my account instead. Then they told me this was not possible and the Buy orders would still take place, even if I asked to liquidate the account. I used to love M1 for their simplicity and slick UI/UX in the early days, pretty sad to see what they became over time :-(

This company is a SCAM. All types of fees to rip customers off. Charged me over $100 to transfer account to another brokerage. This company must be sued. SEC must urgently look into this fraud company and ban it. Deserves 0 star.

I was trying to open a saving account for my wife. It got terminated next day without explanation and the customer service didn't provide any resolution or alternatives. and was told she can never apply again. I will close my account with them after this experience.

M1 is an unethical company. They lied about having high-yield savings accounts while promoting them on their website, so when I tried to sign up for one - they just created an investment account instead. I thought it was my new savings account, so I let them use Plaid to run my bank account. When I figured it out, I had to fight with them to delete the investment account, even though I never put in any money. Now they refuse to delete my info from their PoS platform, hiding behind FINRA. Total garbage. BUYER BEWARE.

For help getting back your money

Withdrawal is not possible, but I was duped into giving them all of my money, believing that they were a trustworthy source to use for investing my retirement income. But after a few months of investing, they took my money and never permitted a payout. Have you heard of “CAL”MOS”HUB” I recently received my fourth payment from them and feel confident in entrusting them with my portfolio. Try trading with them and you'll thank me later, I promise.