Can You Use M1 Finance On A desktop?
LAST UPDATED: July 12, 2023 | By Conrad Golly
In the world of technology that revolves around convenience, having apps has changed user experience completely. Investors are using mobile apps to make investments while on the go. However, if you’re on a PC the whole time, having a web-based trading platform is a must. Can You Use M1 Finance On A desktop?
You can use M1 Finance on your computer using your browser as it is an online trading platform. Users can take advantage of the big screen when analyzing financial charts and looking at their pie portfolio while at the same time managing their daily work activities.
In this article, I will discuss the different functionalities the M1 Finance online platform offers and discuss some general concerns new investors may have before starting their investing journey. I will also explore whether or not M1 Finance is a good choice for you, so stick around until the end.
Let’s get started!
Does M1 Finance have software or an app for computer users?

M1 Finance does not have software or an app for computer users to download as it is strictly web-based. It means that users need to have an active internet connection and a stable browser to access the online trading platform. Since it does not have an app for computers, both PC and Mac users can take advantage of this by simply using their internet browsers.
What are the basic requirements to use M1 Finance?
Potential investors and new users must qualify before they can use M1 Finance. Currently, the online trading platform offers its services only to US citizens and Green Card holders. You must also be over 18 years of age and have a current US address and a US phone number to be eligible for an account at M1 Finance.
What types of accounts does M1 Finance offer?
M1 Finance offers individual accounts, joint accounts, IRAs, and trust accounts. However, individuals must first open an individual taxable account before they can open any other account. To open an individual account, there is a minimum deposit requirement of $100. There are also custodial accounts, but they are only available for M1 Plus users.
What tools does M1 Finance provide its investors?
M1 Finance has three different tools to provide financial freedom to its investors. These are:
Invest: Offers flexible and customizable investment portfolios that are also automated.
Borrow: Allows investors to borrow funds at low interest rates against their investments.
Spend: Allows investors to use their M1 Finance account as a banking alternative to make payments, transfer money, deposit, and more.
Does M1 Finance have an app for mobile users?
To get a better user experience on smaller screens, M1 Finance does have an app for mobile users. Fortunately, the Robo-advisory investment platform has apps for both Apple and Android operating systems. Users can download the M1 Finance app from their respective app stores.
Is investing using the M1 Finance platform automated?
M1 Finance has a proprietary trading system that automates investing, a fantastic feature for passive investors. Users can alter the percentages on their “pie” according to their investment strategy and the platform takes care of it. Users can also automate investment schedules and take advantage of dynamic rebalancing.
What is the “Pie” on M1 Finance?
The trading platform refers to a user’s portfolio as “Pie”. The pie consists of different slices which denote the percentages a user wants to invest in a particular financial asset. The pie helps automatically rebalance the portfolio whenever a user invests cash. If you’re not sure about your portfolio, you can choose from over 80 portfolios made by financial professionals.
When does the trade take place on M1 Finance?
After users automate their investment strategy, the platform executes all trades in the morning window opening at 9.30 am EST. However, those subscribed to the M1 Plus can take advantage of the afternoon trade, meaning they can invest whenever they want. The M1 Plus yearly subscription costs $125 and comes with additional perks.
Can you trust M1 Finance with your money?
The Better Business Bureau gives M1 Finance an “A-” rating based on customer complaints, customer interaction, and other factors. The rating system starts from A+ to the letter F. This suggests that M1 Finance stands strong on their grade scale. Besides the BBB rating, the company does not have any major scandals, suggesting a high trust factor.
Can you make money with M1 Finance?
With any type of investment in financial assets, the way an investor makes money is through asset appreciation and dividends. The assets can appreciate and depreciate depending on many different factors, while dividends are issued to dividend stock owners, typically every quarter. Whether or not you make money depends on your investment strategy.
Is there any fee for investing using M1 Finance?
Unlike many other online trading platforms, M1 Finance does not charge any commissions or markups on trades. There are no deposit or withdrawal fees from your linked bank account either. However, there are operational fees for additional services investors may require, such as paper statement fees, domestic wire transfer fees, and more.
Verdict: M1 Finance Desktop
Every investor is different and has an investment strategy to increase their portfolio. Online trading has made it convenient for potential new investors to get straight into investing and have their luck with day trading.
Many beginners are unaware of the risks associated with day trading, borrowing against their portfolio, and other features M1 Plus offers. However, seeing how simple trading has become, new users start to throw money around in the hopes of making money. In the end, they lose it all.
M1 Finance is a superb platform for passive investors and beginners if they have a great investment strategy. I believe smart and consistent investments are the key to exponentially growing my wealth. It helps reduce my risks while ensuring good future gains.
I advise all beginners to research the financial assets they want to invest in and start investing small amounts from their savings every month. Compounding interest is your friend for long-term, sustainable portfolio growth!
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