M1 Finance is one of the most popular commission free stock trading apps available today.
While they now offer an array of financial products ranging from a credit card to low cost borrowing, they are most well known for their investing accounts.
You might be wondering, however, if M1 Finance offers a free bonus promotion for new users.
A lot of brokerages out there offer new users free stocks for example.
While M1 Finance doesn't hand out free shares, they do have a bonus promotion.
First of all, this promotion runs until 12/31/23, so you may want to act soon before you forget!
All users who open a new account with M1 Finance here are eligible for a bonus depending how much they deposit into their new M1 Invest account.
If you make a deposit within the first two weeks of opening the account, you will get the following bonus (based on the deposit amount):
You don't have to make the deposit all at once. It simply has to happen within the first two weeks, even if you do multiple deposits.
Your bonus will be deposited directly into your M1 Finance account.
In addition, M1 Finance offers an additional bonus offer for those who transfer over an existing brokerage account or IRA.
You can learn more about transferring an account to M1 Finance here!
This promotion runs until 11/15/23, so you may want to act soon before you forget!
Based on the size of the account you transfer, you can potentially earn up to $15,000 as a bonus - paid out on August 15th 2024.
Here are the bonuses, based on the transferred account value:
Your bonus will come as a deposit to your M1 Brokerage Account.
If you are looking for other promotions, check out our list of the best free stock promotions here, updated monthly!