JP Morgan Self-Directed Investing Review
- Stock trade fee
- $0
- Minimum deposit
- $0
Our verdict
Trade stocks and exchange-traded funds without commissions, but the platform lacks some trading features and crypto.
Consider JP Morgan Self-Directed Investing if you want total control of your assets and access to a large selection of mutual funds and stocks with no account or investment minimums and no annual fees. It’s also a solid choice for Chase customers looking to keep their banking and investing under one roof — with full integration on its mobile app. But you may want to consider other options if you’re looking for alternative investment options or prefer a professionally managed account.
Best for: Existing Chase customers and beginning investors.
Pros
-
Commission-free trades on most securities
-
No minimum to open or invest
-
Large selection of fee-free mutual funds
-
Now offers fractional shares
Cons
-
Limited investment options
-
Low-yield sweep account
-
Broker-assisted trades cost $20–$30
-
No access to cryptocurrency
JP Morgan Self-Directed Investing at a glance
| Feature | Rating | Details |
|---|---|---|
Investment options | ★★★★★ |
|
Trading platforms and technology | ★★★★★ |
|
Trading costs | ★★★★★ |
|
Account fees | ★★★★★ |
|
Account types and minimums | ★★★★★ |
|
Features and amenities | ★★★★★ |
|
Customer support | ★★★★★ | Contact customer service through your mobile app or by phone, but only during regular market hours. |
Mobile app ratings and security | ★★★★★ | Google Play app reviews: 4.4/5 based on over 1.78 million reviews, as of December 2024 Apple App Store app reviews: 4.8/5 based on over 5.9 million reviews, as of December 2024 |
Cash sweep rates | ★★★★★ | Rates are 0.01% APY on JP Morgan Deposit Sweep accounts with no minimum amount required. |
To learn how our star ratings are calculated, read our methodology.
Who JP Morgan Self-Directed Investing is best for
JP Morgan’s self-directed platform aims to get new investors off the ground by offering commission-free trades and requiring no minimum deposits. It also offers the convenience of being integrated with its Chase mobile banking platform, which is ideal for existing customers.
What we like about JP Morgan Self-Directed Investing
It’s efficient that JP Morgan’s investing platform is integrated with all your Chase accounts in its mobile app. This way, you can manage all your banking, borrowing and investing needs all in one place and on the go — although this is only a real convenience for existing Chase customers.
We’re also happy to see that JP Morgan Self-Directed Investing now offers the option to trade fractional shares. This feature is particularly useful for newer investors or those with limited capital to gain exposure to more expensive stocks and funds.
Where JP Morgan Self-Directed Investing falls short
Tradable assets offered by JP Morgan are limited to traditional investments. You can’t trade crypto, and you also won’t find futures or forex. Additionally, some of its fees are higher than the industry standard, and you’ll be charged for each options contract and secondary market bond trades.
The Self-Directed Investing account also falls short by not offering a decent APY on its sweep account. You only get 0.01% APY on uninvested cash, while the best sweep accounts at other brokerages offer APYs north of 4%. Plus, it charges fees for any representative-assisted trades.
JP Morgan Self-Directed Investing fees
| Type of fee | Fee details |
|---|---|
Minimum deposit | $0 |
Minimum investment | $0 |
Annual fee | $0 |
Stock trading fee | $0 |
Options trading fee | $0.65 per contract |
Margin annual interest rate | Prime rate + 3.00% to Prime rate + 4.75% for accounts from $0 to $1 million |
Outgoing account transfer fee | $75 |
Inactivity fee | $0 |
Wire transfer fee | $25 (Does not apply to internal transfers or to Chase Private Client) |
Is JP Morgan legit?
Yes, JP Morgan Self-Directed Investing is a legitimate investing account provided by JP Morgan Wealth Management, a division of JPMorgan Chase. JPMorgan Chase is a 225-year-old financial services company headquartered in New York City and has over $3.9 trillion in total assets and more than $900 billion in assets under supervision.
Investment products are offered through JP Morgan Securities LLC, a registered broker-dealer and investment advisor and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
In addition, the JP Morgan Self-Directed Investing platform is considered safe and secure. Chase employs multiple authentication checks, account monitoring for suspicious activity and 128-bit encryption technology to protect your account and personal information.
Customer experience
| BBB accredited | No |
|---|---|
| BBB rating | A- |
| BBB customer reviews | 1.13 out of 5 stars, based on 868 customer reviews |
| Trustpilot score | 1.4 out of 5 stars, based on 37 customer reviews |
| Apple App Store Score | 4.8 out of 5 stars, based on 6,800 customer reviews |
| Google Play Score | 4 out of 5 stars, based on 30 customer reviews |
| Customer reviews verified as of | 02 January 2025 |
What do people on Reddit say?
Compare JP Morgan Self-Directed Investing to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Select Go to site to sign up for an account.
What is the Finder Score?
The Finder Score crunches 147 key metrics we collected directly from 18+ brokers and assessed each provider’s performance based on nine different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then scored and ranked each provider to determine the best brokerage accounts.
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
Frequently asked questions
What is the difference between JP Morgan’s Self-Directed Investing account and its Personal Advisors account?
The JP Morgan Self-Directed Investing account is all about choosing investments yourself with little to no professional advice, but it also has almost no fees. By contrast, a Personal Advisors account is a professionally managed account with customizable portfolios, but it charges an annual fee of 0.5% to 0.6%, depending on your account’s size.
Is self-directed investing worth it?
Self-directed investing isn’t for everyone, because you need to know at least a little bit about what you’re doing — or know who to ask for advice — to get a decent return. On the other hand, it’s a much less expensive way to invest your money than paying for a professionally managed account, and it gives you more control over your money.
Is JP Morgan a good place to invest your money?
The JP Morgan Self-Directed Investing account is a solid platform for beginner investors or those who prefer a more hands-on approach with only traditional investment options. But this might not be the best option for more experienced investors who want to trade crypto or have access to more investment options and advanced tools.
Finder Scores: What they mean
If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.
Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. However, they're not quite the best in class.
Bottom line: You can find better, but these products still offer reasonable value and have the basics sorted.
These products may not offer much value in the long run, and there are better options available.
Your reviews
Lacey Finder
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