M1 Finance, a popular investment platform, has recently increased their referral bonus to $100, providing an excellent opportunity for both the referrer and the referral to earn a substantial reward.
Under this new offer, both parties stand to earn $100 if the referred individual deposits $5,000 or more into their M1 account. This is a significant increase from the previous referral bonus of $30, making it an even more attractive proposition for those looking to invest their money.
For those unfamiliar with M1 Finance, it is a platform that offers a unique blend of automated investing and individual control. Users can create a customized portfolio of stocks and ETFs or choose from pre-built investment portfolios, all while enjoying commission-free trades.
The referral program is a win-win for both parties. The person who refers a new user to the platform receives a $100 bonus, and the new user also receives a $100 bonus. This provides a great incentive for individuals to invite their friends and family members to join the platform, helping them to grow their investment portfolios and earn a bonus at the same time. Here's how to get started:
Step By Step Guide
- You must have a funded M1 Invest account.
- You must send your referral code to a friend who is not currently an M1 customer.
- Your friend must use your referral code to sign up for a new M1 invest or retirement account.
- Your friend must be approved to open an M1 brokerage account.
- Your friend must deposit at least the minimum required amount ($5000) into a brokerage or a retirement account within 30 calendar days of opening their M1 account.
- Your friend must maintain their initial deposit amount in their account for 30 calendar days.
- Then you’ll both receive $100.
This promotion runs until December 31, 2023, where it will likely go back to $30. If you are interested in signing up to try M1 out or simply want to churn a 2% return on $5000 in 30 days, here's a referral code to get started.