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M1 Finance in Europe (UK, Germany, and Others)
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M1 Finance for Europeans: Highlights
• M1 Finance is limited to U.S. citizens and permanent residents who live in the United States.
• It is still possible to invest in some European and other non-U.S. stocks on the M1 platform.
• ZacksTrade does open accounts for European residents, so it remains a viable alternative to M1 Finance.
Requirements to Open an Account at M1 Finance
To open an account with M1 Finance, you must be a U.S. citizen living in the United States or be a
permanent resident of the U.S. (green card holder) with a current U.S. residential address. The brokerage firm does not open accounts for
people outside the U.S. This pretty much excludes everyone, including U.S. citizens, living in Europe on a permanent basis.
ZacksTrade For International Investors
ZacksTrade is an online broker in the United States. It has the distinction of being one of the
better brokers for global investors (it offers trading in 150 markets, 34 countries, and multiple currencies).
Mutual Funds
Despite ZacksTrade's strong focus on stock and option trading, the broker-dealer also offers mutual funds.
In fact, it provides more than 10,000 of them. Nearly 9,000 have no load. Over 4,100 funds have no
transaction fee. Some of the no-transaction-fee funds still carry loads.
There are many fund families on the ZacksTrade platform. These include Allianz, Invesco, Wells Fargo, and BlackRock.
ZacksTrade customers pay $27.50 for funds that aren't on the NTF list.
ETFs
ZacksTrade has an ETF screener and ETF research materials. We didn't find any ETF learning materials,
however.
ZacksTrade Commissions, Fees, and Account Requirements
If you are trading stocks and Exchange Traded Funds (ETFs) that are greater than $1 per share, the fee you will pay is $0.01 per share, although there is a $1 minimum fee applied. This means if you are looking to buy 10 shares of a $2 stock, the fee will be $1 because the $0.01-per-share charge will not meet the minimum $1 fee.
If you are trading stocks and ETFs that are less than $1 per share, the fee is 1% of the total trade, with a minimum fee of $1.
You can also trade options on ZacksTrade; the fee for options trading is $1 for the first options contract and an additional $0.75 for each additional contract.
There are no additional fees for placing broker-assisted trades or for exercising /assigning options for traders in the United States.
If you are trading a mutual fund, the commission will be $27.50 per trade. All mutual fund transactions are assumed to be over $1.00.
If you are looking to buy corporate bonds, there is a tiered fee system. Up to $10,000 in face value, the commission will be 0.1% of the face value plus $3 per bond. For anything over $10,000, the commission will drop to 0.025% of face value plus $3 per bond.
Finally, for government bond buying on ZacksTrade, there is another tiered system. For the first $1 million in face value, the commission is 0.025% of face value plus $3 per bond. For anything over the initial $1 million in face value, the commission will be 0.005% of face value plus $3 per bond.
Updated on 4/3/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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