There is no minimum funding level to open a Motif Investing brokerage account. A minimum amount to invest in a motif is $250. A minimum amount for a margin account is $2,000.
Motif Investing is a legit safe brokerage. It's a member of FINAL (Financial Industry Regulatory Authority) and
SIPC (Securities Investor Protection Corporation). SIPC provides insurance coverage up to $500,000 of the customer's net equity balance, including up to $250,000 in cash. Moreover to supplement
SIPC protection, an additional insurance policy has been purchased through a group of London Underwriters which becomes available to
customers in the event that SIPC limits are exhausted.
by Nona Yobis,
Pros: Fun concept.
Cons: Customer Support is non-existent.
Even the most minor of issues can't get resolved in a reasonable time. Email reply states they will reply next business day, which has never happened. Just poorly run.
Pros: Easy and fun to operate
Cons: Still fighting to get my money back
Reluctant to return your moneys. It wiggles the tail and barks like a scam.
by Doris Granatowski,
Finally got asset transfer out after 3 attempts and a lot of foot stomping. But - lo and behold - they charge $95 to close an account. DO NOT INVEST WITH THIS COMPANY - the motifs are mostly created by external individuals with unknown credentials) and company-created Motifs are created and forgotten - no adjusted allocations or updates. After months of not finding a worthwhile investment, I decided to opt out to a better facility. Then the drama started with trying to transfer the money out.
by Doris Granatowski,
Pros: Scam Organization
Attempted to do transfer of assets out of Motif account and have been given the runaround - clearly trying to slowboat or defraud me out of my funds. Will be filing complaint with federal authorites.
by Babs Anthony,
You can now place limit orders, sell-stop, or stop-limit sell orders on Motif Investing.
by Jonathan Ryan,
Cons: customer service reps are totally useless
Be careful with MOTIF. Things were good until this month. Now all of a sudden, dividend payments are going missing. A lot of them - and the MOTIF customer service reps are totally useless. So if you want to pay for buying the stocks but are willing to let MOTIF keep your dividend payments - go ahead. Go for it. Good luck with that.
Pros: Clear and upfront fees
I recently opened an account with Motif and am finding it very simple to use — an improvement over my standby Vanguard! I also like that the fees are clear and upfront.
"Motif Investing is especially helpful for those who are looking to invest in trends, or who want to exposure to a particular sector.
The pricing is very competitive, and tax efficient (if you don’t trade stocks in and out of your motif). It’s a great way to diversify
with small amounts of money to invest. It’s nice that you can customize your motif, so you aren’t limited to pre-created motifs.
Currently the only disadvantage of Motif’s service is the lack of automatic dividend reinvestment, so I would not recommend the service
for any dividend stocks."