Motif Investing Review 2017

Motif Investing reating

Motif Investing brokerage firm review. Fees & commissions, advantages & disadvantages, minimum requirements & promotion offers for opening a new online account with the online discount stock broker.

  • Motif (up to 30 Stocks/ETFs) $9.95 per trade
  • Stocks & ETFs within Motif: $4.95 per stock/ETF
  • Stocks & ETFs outside Motif: $4.95 per stock/ETF

Minimum to open: $0 for a cash account, $250 minimum investment.

Open an account: Motif Investing - Buy 30 Stocks in 1 Motif: $9.95. Join Motif Investing for Free.

Motif Investing Review

Motif Investing was ranked the №.1 Most Innovative Company of 2015 in Personal Finance by Fast Company.

For a low flat fee, the company allows investors to choose from over 150+ professionally created motifs. A motif is a basket of up to 30 stocks or ETFs in a particular sector.

Motif Investing review

Motif Investing Review: Trading Commissions And Fees

It costs $9.95 to buy or sell a motif. The price of buying or selling a single stock or ETF within a motif is $4.95. Shares and ETFs outside motifs can be purchased and sold for the same cheap commission of $4.95.

Motifs are fully customizable. Before purchasing, investors can choose to modify stocks and ETFs within a motif as well as change the weighting of each individual security. Investors can also create their own motifs.

Building a motif from scratch is very easy. Step-by-step instructions on how to create and modify motifs are provided on the company's official website.

For the low cost of $9.95, the brokerage offers an optional portfolio-rebalancing feature to help investors stay true to their investment goals.

All of the brokerage's fees are clearly listed on its website. Motif Investing does not charge inactivity or maintenance fees. A variety of no-fee IRA accounts is also free of charge.

However, as with many other low-cost discount brokerages, Motif Investing gets compensated for cheap trading commissions through additional fees. Motif Investing has a very high fee of $65 for transferring an account in full to another brokerage without selling securities. However, it does not charge a fee for a partial brokerage account transfer, and it reduces its $95 IRA account termination fee to $65 for a partial IRA account transfer when a minimum of $100 remains in the Motif Investing individual retirement account.

No initial deposit is required to open an account, but a minimum investment amount of $250 is required to start investing with the company. All additional buy and sell orders can be executed with a minimum of $250 unless a customer is selling the entire motif by placing a sell-all order.

Dividend Reinvestment Plans (DRIPs) are not available at this time.

Motif Investing Review: Trading Platform And Mobile Trading

The broker's trading platform has a clean design, lots of visual information, step-by-step instructions and descriptions, and is very simple to use for investors of any level.

The Motif Investing mobile app is available for iPhone, iPad and Android. Motif's app is an easy, convenient and secure way for a customer to access his account, view current postilions and the value of his portfolios, and buy and sell motifs on the go.

Motif Investing review

Motif Investing Review: Customer Service, Traders Community & Royalty Program

Representatives can be reached via email and phone. On its official website, the company promises to respond promptly during normal business hours. Customer service phone support is available from Monday through Friday from 9:00 a.m. to 6:00 p.m. EST.

The brokerage provides an opportunity for customers to connect with each other, invite friends and family members, and even create a personal Investing Circle via Motif's social network. Investors can adjust privacy settings to control what information they share with their circles within the social network. The trading community is a good opportunity to learn or get ideas from other investors, discuss the latest trends and news, share insights and experiences, and ask questions.

Another great feature of the Motif Investing is the Creator Royalty Program. This program allows investors to build motifs from scratch and share with other traders the opportunity to earn a $1 royalty whenever someone buys or rebalances one of the motifs they created. It is free to join the royalty program.

Motif Investing Review: Pros

  • Low cost flat-rate trading commissions
  • No inactivity or maintenance fees
  • No-fee IRA accounts
  • Over 150 professionally build motifs
  • Dollar-based trading feature
  • Social network community of investors
  • Royalty program
  • Real-time trades
  • Referral program for existing customers

Motif Investing Review: Cons

  • No after-hours trading
  • No DRIPs
  • Expensive broker-assisted trades
  • Limited number of investment choices (stocks, ETFs and ADRs only)

Safety And Legitimacy of Motif Investing

How safe is Motif Investing? It is perfectly safe and is a legitimate brokerage firm. Motif Investing is a member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation). SIPC provides insurance coverage, which is up to $500,000 of the customer's net equity balance, including up to $250,000 in cash. Moreover, to supplement SIPC protection, Motif has purchased an additional insurance policy through a group of London Underwriters that will be available to customers in the event that the SIPC limits are exhausted.

In summary, the biggest advantage of Motif Investing is the low investment commissions. Unlike some of the most reputable brokerage houses such as Etrade, which charges $9.99 per trade on stocks, Motif Investing charges $9.95 per motif. The cost of buying or selling individual stocks is only $4.95. Only two discount brokerages among the industry's leading companies, Optionshouse and TradeKing, offer the same low trading commissions.

Another attractive feature of Motif Investing is the lack of a minimum funding level to open an account. The brokerage has the intentionally straightforward and clear fees. Therefore, basically anyone can start investing with this discount broker.

Motif Investing is a good choice for cost-conscious investors who are looking to invest in a particular sector. The firm is also great for people who would like to receive low-cost investment advice and are willing to manage their portfolios on their mobile devices and personal computers.

Motif Investing Promotion Offers

Motif Investing - Buy 30 Stocks in 1 Motif: $9.95. Join Motif Investing for Free.

Motif Investing Commissions and Fees

InvestmentsPrice
Buy Motifs (up to 30 Stocks or ETFs)/Sell Motifs/Additional Buys of the Entire Motif You Own/Rebalance Positions in a Motif $9.95.
Stocks and ETFs within Motif$4.95 per stock or ETF.
BStocks/ETFs Outside Motif$4.95 per stock or ETF.
Broker-Assisted Trades$45

Motif Investing IRA & Account Fees

FeeAmount
IRA Setup Fee$0
Annual IRA Fee$0
IRA Termination Fee$95
Full Account Transfer Out$65
Partial Account Transfer Out$0
Outgoing Wire Fees$25
All Motif Investing fees »

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