Is M1 Finance Safe And A Trustworthy Investment App?
Is M1 Finance safe and a trustworthy investment app and trading platform? Finding a platform to help and assist you will help your investment journey.
About M1 Finance
M1 Finance is an all-in-one financial app that acts as an automated investment assistant, automating your money into investment products depending on your requirements.
Is M1 Finance Safe?
Yes, M1 Finance is one of the safest investment apps in the market. The company takes every step to safeguard your money and protect it.
How M1 Finance Protects Your Money?
The following steps show why M1 Finance is safe to use.
The main reason why M1 Finance is trustworthy is because it’s a SIPC member. That means an investor’s funds are secure up to $50,000 and $250,000 cash claims.
M1 Finance is regulated by FINRA. With this, you can rest assured that a regulatory body is present to address your concerns and make sure brokerages behave ethically.
M1 Finance is FDIC insured. The deposits you make within the app are stored within FDIC-insured bank accounts.
What Kind Of Security Protection Does M1 Finance Use?
Besides the app itself using military-grade encryption and two-factor authentication, Plaid also has multi-factor authentication (MFA) in place.
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