J.P. Morgan Self-Directed Investing review
- Stock trade fee
- $0
- Minimum deposit
- $0
Our verdict
Trade stocks and ETFs without commission with J.P. Morgan, but it's lacking modern trading features and crypto.
Consider JPMorgan Self-Directed Investing if you want access to a large selection of low-cost mutual funds or are a Chase customer looking to keep your banking and investing under one roof. Look elsewhere if you're a mobile-first investor or if you're looking to trade crypto.
Best for: Existing Chase customers; Mutual fund investors
Pros
-
Commission-free stock and ETF trades
-
Large selection of mutual funds
-
Taxable and tax-advantaged account options
-
Convenient app and mobile banking integration for existing Chase customers
Cons
-
No fractional share trading
-
No instant buying power
-
$0.65 per options contract
-
Clunky, unintuitive trading experience
-
No access to cryptocurrency
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 existing Chase customers and traditional investors
J.P. Morgan’s self-directed platform aims to get new investors off the ground by offering commission-free trades and requiring no minimum deposits. It offers the convenience of being integrated with its Chase mobile banking platform, letting existing Chase customers bank and invest under one roof.
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 Self-Directed Investor shines
J.P. Morgan’s lineup of traditional asset types makes it a suitable platform for individuals looking to invest in stocks, ETFs, options, bonds and mutual funds. With over 2,500 options, J.P Morgan’s collection of mutual funds is impressive.
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
Where J.P. Morgan falls short
Tradable assets offered by J.P. Morgan are limited to traditional investments. You won’t be able to trade crypto, and you also won’t find futures or forex. You also can’t trade in fractions of shares. 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. In addition, J.P. Morgan’s trading platform is clunky and unintuitive and doesn’t offer a modern investing feel.
J.P. Morgan’s 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 |
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 and the Find Investments tool is now Portfolio Builder. J.P Morgan has also since gotten rid of its automated investing platform.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 1.79 million reviews |
| Apple App Store app reviews | 4.8/5 stars based on over 5.2 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.
- 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)
- 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 3.7 / 5
Available asset types
Stocks, Bonds, Options, Mutual funds, ETFs, Treasury Bills
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get $50 - $700
Tastytrade
★★★★★
Finder rating 4.4 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get $50-$5,000
SoFi Invest®
★★★★★
Finder rating 4.2 / 5
Available asset types
Stocks, Options, Mutual funds, ETFs, Alternatives
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get up to $10,000 cash
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.
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