How to Cancel M1 Finance Plus in 2026

M1 Plus costs $3.33/month (billed $40/year) for extra trading windows, lower borrow rates, and cashback. Free M1 handles everything most investors need — here's how to downgrade or leave entirely.

Cancel M1 Plus (Downgrade to Free)

Log in at m1.com or open the app
Go to Settings → Subscription
Click Cancel M1 Plus
Confirm — you revert to Free at end of billing period

Free M1 vs M1 Plus

Free M1 includes:

Automated investing with custom "Pies"
Fractional shares
1 trading window per day (10am ET)
M1 Borrow at standard rates

Plus ($40/yr) adds:

Second afternoon trading window (3pm ET)
Lower M1 Borrow interest rates
1% APY on M1 Spend checking
1% cashback on M1 Owner's Rewards credit card
Smart Transfers automation

Close Your M1 Account Entirely

Sell all holdings or transfer to another brokerage (ACATS transfer)
Pay off any M1 Borrow balance
Transfer M1 Spend checking balance to external bank
Contact M1 support to close the account

ACATS transfer fee: M1 charges $100 for outgoing account transfers. Some brokerages (Fidelity, Schwab) will reimburse this fee if you ask.

Free Alternatives

Fidelity: Free trading, fractional shares, zero-expense-ratio index funds
Schwab: Free trading, excellent research, fractional shares via Schwab Stock Slices
Vanguard: Free trading, lowest-cost index funds, ideal for buy-and-hold
Robinhood: Free trading, simpler interface, crypto included

💡 Pro tip: If you love M1's "Pie" approach to portfolio building, Fidelity offers a similar basket-investing feature for free. The one daily trading window on free M1 is fine for long-term investors — you shouldn't be day-trading with an automated portfolio anyway.

Annual Savings: $40/Year

M1 Plus at $40/year is relatively cheap, but the free tier covers everything most long-term investors need. If you're not using M1 Borrow or the afternoon trading window, it's $40 you don't need to spend.

🔍 Investment app subscriptions add up across platforms. Upload your bank statement to JustCancel — we'll find M1, Robinhood Gold, Webull, and every other fintech charge.