J.P. Morgan Self-directed Investing review 2023
- Stock trade fee
- $0
- Minimum deposit
- $0
- Complete signup bonus
- Get $50 - $700 when you open and fund an account with $5,000 - $250,000+
Our verdict
J.P. Morgan offers both active and automated investing with a diverse lineup of tradable assets and account types.
Consider JPMorgan Self-Directed Investing if you want commission-free trading or are a passive investor looking for managed portfolios. Look elsewhere for advanced trading tools or if you're looking to trade crypto.
Best for: New to intermediate and passive investors or existing Chase customers.
Pros
-
Diverse lineup of tradable securities.
-
Self-directed and automated investing options.
-
Convenient app and mobile banking integration for existing Chase customers.
Cons
-
$500 minimum deposit and a $250 minimum balance required for Automated Investing.
-
Clunky, nonintuitive trading experience.
Details
Features
| Signup bonus | Get $50 - $700 when you open and fund an account with $5,000 - $250,000+ |
| Annual Fee | $0 |
| Available asset types | Stocks, Bonds, Options, Mutual funds, ETFs, Treasury Bills |
| Account types | Brokerage, Retirement |
| Government bond trade fee | $0 |
| Account transfer fee | $75 |
| Minimum deposit | $0 |
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How we rated J.P. Morgan’s features
| Fees | ★★★★★ | Commission-free trades, but options have a $0.65 per contract fee. |
| Available securities | ★★★★★ | Trade stocks, ETFs, options, mutual funds and fixed income. |
| Customer support | ★★★★★ | Two ways to reach support, but expect delayed responses. |
| Mobile app | ★★★★★ | Its mobile app receives equally high marks from both Google and Apple users. |
| Research and tools | ★★★★★ | Platform tools and resources are sufficient for new to intermediate traders. |
| Reliability | ★★★★★ | We found no complaints about service outages. |
To learn how our star ratings are calculated, read our methodology at the bottom of the page.
J.P. Morgan is best for new and passive investors
J.P. Morgan’s investment platforms targets both newbies and passive investors. Its self-directed platform aims to get new investors off the ground by offering commission-free trades and requiring no minimum deposits. Its Automated Investing account is suited to passive investors wishing to tap into managed portfolios using a robo-advisor.
What you can trade on J.P. Morgan
- Stocks
- Bonds
- Mutual funds
- ETFs
- Options
Account types available with J.P. Morgan
- Brokerage
- Retirement
Where J.P. Morgan shines
J.P. Morgan offers two tiers of investment products — JPMorgan Self-Directed Investing and JPMorgan Automated Investing. Each tier is geared towards a specific type of investor. Newbies won’t feel overwhelmed on its Self-Directed platform and season investors can enjoy a hands-off approach with an Automated Investing account.
JPMorgan Self-Directed Investing
- Geared towards new investors
- Invest in US-listed stocks, ETFs, mutual funds and options with zero commissions
- Sign-up cash bonus
- No minimum deposit
- No account fees
- Educational resources
JPMorgan Automated Investing
- Geared towards passive investors
- Choose from one of four managed portfolios
- Complimentary robo-advising
- Automatic rebalancing
- Access to Portfolio Builder (with a balance of at least $2,500)
- Convenient access through the Chase mobile app
Where J.P. Morgan falls short
Tradeable assets offered by J.P. Morgan are limited. You won’t be able to trade in futures, crypto, commodities or forex. Additionally, some of its fees are higher than the industry standard. You’ll be charged for each option contract and bond trade that you make.
The Automated Investing account utilizes J.P. Morgan ETFs only and there’s a minimum deposit of $500 to access the managed portfolios. Maintaining this account will set you back 0.35% of your account balance annually, which is higher than others in the industry. It’s worth pointing out that you’ll also need to keep the account maintained with at least $250, or risk having the account terminated. J.P. Morgan also doesn’t support margin accounts.
J.P. Morgan’s fees
JPMorgan Self-Directed Investing fees:
| Minimum deposit | $0 |
| Annual fee | $0 |
| US-listed stock, ETF, option and mutual fund online trade fees | $0 |
| Options contract fees | $0.65 per contract |
| Bond trade fees | $0 for US Treasury bills, notes and bonds; $10 per trade + $1 per bond over 10 bonds ($250 maximum) for secondary market bonds |
| Inactivity fee | $0 |
| Domestic wire transfer | $0 |
| International wire transfer | $25 |
| Outgoing account transfer fee | $75 |
JPMorgan Automated Investing fees:
| Minimum deposit | $500 |
| Minimum balance requirement | $250 |
| Management fee | 0.35% |
| Inactivity fee | $0 |
| Domestic wire transfer | $0 |
| International wire transfer fee | $25 |
| Outgoing account transfer fee | $75 |
Is J.P. Morgan legit?
J.P. Morgan’s online investing is backed by JPMoran Chase & Co – ranked by S&P Global as the largest bank in the US and 6th in the world. It was founded in 1799 and has since grown into an international financial services titan.
Note: Since the release of this video, J.P. Morgan has rebranded their account names: You Invest Trade is now J.P. Morgan Self-Directed Investing, You Invest Portfolios is now J.P. Morgan Automated Investing, and the Find Investments tool is now Portfolio Builder.J.P. Morgan’s platform is easy to use
Here are some of the tools you can use to trade with on J.P. Morgan:
- Watchlists
- Investment screeners
- Portfolio Builder
- Fundamental analysis
- Technical analysis
- Market news
- Educational resources
J.P. Morgan’s Chase mobile app
J.P. Morgan’s investing accounts are linked to the Chase mobile app, available to both Apple and Android users. This provides a complete 360 view of Chase banking, credit card accounts and J.P. Morgan investments in one place. Use the tools to track performance and see the price targets and ratings. Then use the investment screeners to find prospective investments that match your needs.
J.P. Morgan’s app store reviews
| Google Play app reviews | 4.4/5 stars based on over 1.78 million reviews |
| Apple App Store app reviews | 4.8/5 stars based on over 4.7 million reviews |
J.P. Morgan’s customer support
Customers can contact J.P. Morgan in two ways:
- Phone
- Secure message center
How to open an account with J.P. Morgan
For new customers:
- Click the “Sign up now” button below and click “Get started”.
- Select the type of account you want to apply for.
- If applying for a JPMorgan Automated Investing account, enter basic personal information including your age, minimum amount, risk tolerance and investing timeline, then select Determine your risk profile.
- Enter personal information including your name, citizenship, date of birth, Social Security number and select Next.
- Follow the instructions to verify your identity, submit your application and fund your account.
For existing Chase customers:
- Log into your Chase mobile app or Chase Online and open the menu
- Select Open a Self-Directed Investing Account and choose the product you’d like (General Investment, Traditional IRA or Roth IRA account)
- If applying for a JPMorgan Automated Investing account, enter basic personal information including your age, minimum amount, risk tolerance and investing timeline, then select Determine your risk profile.
- Confirm or edit your personal and employment information.
- Follow the instructions to submit your application and fund your account.
Eligibility and required information
- At least 18 years old
- Valid phone number and residential and email address
- Valid government-issued ID
- Existing bank or brokerage account for account transfers
- Valid Social Security number
- Foreign tax ID, passport or visa number if you are not a US citizen or permanent resident
- Employer’s name, address and phone number
How safe is J.P. Morgan?
J.P. Morgan uses 128-bit encryption to safeguard account information on its website and mobile app. And it conducts multiple authentication checks when signing into the account from a new device.
Investments are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by the bank. Any investment can therefore lose value.
Compare JP Morgan to other platforms
JPMorgan Self-Directed Investing
★★★★★
Finder rating 4 / 5
Available asset types
Stocks, Bonds, Options, Mutual funds, ETFs, Treasury Bills
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $50 - $700 when you open and fund an account with $5,000 - $250,000+
SoFi Invest
★★★★★
Finder rating 4.6 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get up to $1,000 in stock when you fund a new account within 30 days.
tastytrade
★★★★★
Finder rating 4.8 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency, Futures
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $100-$5,000 when you open and fund an account with $5,000 to $1,000,000+
Frequently asked questions about J.P. Morgan
How we rate trading platforms
★★★★★5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.
Frequently asked questions
Your reviews
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