Brokerage
A score out of 100 for how well reviewed a product is. It rises with positive reviews and with how many there are; negative and mixed reviews take points off.
So a handful of glowing reviews can’t beat a product lots of people like. No sponsored placements.
Topics grouped from customer reviews, with how many mention each; read the originals below.
Showing 4 reviews mentioning hidden fees Show all
Reddit · r/fidelityinvestments · Aug 15, 2025
NegativeSummary of a Reddit post
They were charged both a retirement account closing fee and an outgoing ACAT transfer fee on each of two M1 accounts when leaving for Fidelity, and only later got the fees reimbursed by Fidelity.
Reddit · r/personalfinance · Feb 16, 2026
NegativeSummary of a Reddit post
They hold a small Roth IRA at M1 and only noticed a monthly fee after the fact, and now find that leaving by direct transfer to Vanguard triggers yet another M1 fee.
Reddit · r/fidelityinvestments · Jun 17, 2026
NegativeSummary of a Reddit post
They moved their retirement account from M1 Finance to Fidelity and were charged a large outgoing transfer fee, so they asked whether Fidelity would reimburse it.
Reddit · r/M1Finance · Sep 18, 2025
NegativeSummary of a Reddit comment
Still charged a $3 monthly service fee on a very small account balance.
Of the 40 reviews with a clear verdict, 35% are positive, 28% mixed and 38% negative. The praise mentioned most is easy to use. The most common complaint is poor support.
The praise reviewers mention most: easy to use (19 reviews), good rate (3 reviews) and reliable (3 reviews). For example: Pie-based portfolio automation beats Fidelity for hands-off long-term holdings after several years of use.
The complaints reviewers mention most: poor support (8 reviews), hidden fees (5 reviews) and buggy app (2 reviews). For example: Delayed and messy tax documents hold up scholarship applications and annual tax filing.
It's how well reviewed M1 is, out of 100. Negative and mixed reviews take points off, and so does having only a few reviews: a product needs plenty of them, compared with the most-reviewed products here, to reach the high 80s and 90s. It's worked out from reviews only, needs at least 5 of them, and updates as new ones come in.
Category: Brokerage. Type: Investing app and brokerage. Fees: $3/month platform fee, waived over $10,000; no commission or management fees. Rates & rewards: 3.35% APY on M1 High-Yield Cash Account; borrow against portfolio at 5.90%.
40 are quotes from Reddit, each linked to the original. Customer reviews are checked for spam before they appear. Every review, written here or quoted, is read as positive, mixed or negative.