Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cari Scribner on December 31, 2021
FTC Disclosure

How To Transfer From Webull To M1 Finance 2023

If you are looking for more features from your investing app, or even if you’ve grown bored with its interface, the time may have come to move your portfolio over to another platform.

If you’re currently investing with Webull, one of the moves you may be considering is transferring your financial assets to M1 Finance.

This can be done with just a handful of steps as outlined below. There are a few key differences between the apps that you need to be aware of.

Webull is an advanced trading platform designed for active traders. M1 Finance, on the other hand, is really designed for long term portfolio based investing. There are more differences too. Check out our full comparison article on M1 Finance vs Webull here to learn more!

Whatever your reason may be for making the switch, we will show you how to transfer from Webull to M1 Finance step by step. 

What Assets Can You Transfer

M1 Finance supports 6,000+ stocks and ETFs that are listed on NYSE and the NASDAQ exchanges.

However, M1 does not support options trading at this time.  Because Webull supports options trading and M1 Finance does not, you will need to sell your options before making the transfer.

In addition, M1 Finance does not offer cryptocurrencies for trading.

Therefore, you will need to liquidate your crypto before you make the transfer from Webull to M1.

NOTE: If you profit in this sale of the cryptocurrency/options, this could result in capital gains that you will be required to pay taxes on.

Another important note, you must pay off any Webull margin balance before transferring your assets to M1.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload
Webull LogoWin Up To 12 Free Stocks Worth Up To $3,000 EachDownload
M1 Finance Robo Advisor$10 Bonus (When You Deposit $100+)Download
Moomoo LogoWin Up To 5 Free Stocks Worth $3 To $2,000 EachDownload
Acorns LogoFree $10 Bonus When You Invest $5+Download

1. Gather Information From Webull

The first step needs to be done by you.

Look at your most recent Webull statement and organize the necessary information, which includes your account number and account type. 

M1 will need these details to process the transfer. In addition, they may ask you to upload a copy of the statement, so be sure to download a copy. 

2. Open An Account With M1 Finance

M1 Finance Robo Advisor

Once you have gathered the required information from Webull, the next step is to open a brokerage account with M1 Finance.

Keep in mind, the account type you are looking to transfer needs to match the account type you open with M1 Finance.

You must meet these qualifications to open an account with them:

  • Be a US citizen or permanent resident
  • Be over the age of 18
  • Have a current US residential address and US phone number
  • $100 minimum for taxable accounts
  • $500 minimum for retirement accounts

Here's the steps involved with opening an account:

  1. Download M1 Finance here
  2. Create an account with an email and password
  3. Log on to the M1 Finance platform
  4. Submit an application
  5. You’ll receive an email within one business day either confirming your application has been approved or asking for some more information
  6. If M1 requests a document to verify your identity, they will include instructions for uploading these details securely

3. Initiate The Transfer

The third and final step is to initiate the transfer into M1:

  • Log into the platform from the M1 Finance app
  • Click “Move Money” from the Home tab
  • Tap the “Transfer from another brokerage” option
  • Indicate whether you are making a full or partial transfer and tap “Continue”
  • Choose Webull from the choices listed or search for “Webull” in the search bar
  • Enter your Webull Account number and tap “Continue”
  • At this point, funds in your Webull account will be restricted from trading
  • The transfer from Webull to M1 takes five to seven days
  • Webull will charge you a transfer fee of $75

M1 Finance Free Training Shortcode (#10)

M1 Finance Free Training

We put together a free 30 minute video training that walks you through the entire process, step by step. This training will help you get up and running in no time at all.



There are several key reasons why you may be considering a switch to a different online investing platform. If you decide to transfer from Webull to M1, the steps are fairly simple and outlined step-by-step for you in this article.

Keep in mind, the transfer will end up costing you $75 paid to Webull. This will be deducted from your cash balance within Webull. However, M1 Finance is frequently running transfer promotions so you might get a cash bonus based on the size of your account transfer.

Article written by Cari Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram