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Commission-free trades for rookies and seasoned investors.
You Invest by JPMorgan helps new traders start investing with a suite of useful resources and unlimited commission-free trades for your first year. However, it doesn’t have the best customer reviews and active trading could get expensive after your free trades have been used up.
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
Up to $625 signup bonus + free trades for a year when you open a new account
Offer valid for You Invest by JPMorgan when you fund your new account with new cash or securities from a non-Chase or JPMorgan account within 45 days and maintain your balance for 90 days, not including trading losses. $200 bonus for a balance of $25,000+, $300 bonus for a balance of $100,000+ and $625 bonus for a balance of $250,000+. Offer valid through February 28, 2020.
INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
You Invest offers low fees and convenient access to your money, making it best for:
Beginner investors.You Invest offers a Portfolio Builder Tool and educational resources that help new investors understand the basics.
Long-term investors.Free trades for a year and portfolios designed and managed by industry experts could make this product a strong choice for long-term investors.
What are the benefits of You Invest?
You Invest is a new platform that’s designed with the needs of today’s investors in mind, featuring a handful of useful perks:
Tools and resources.You Invest helps improve your trading with a suite of tools like a portfolio builder, stock research and educational resources.
Easy access. Manage your Chase banking and JPMorgan investments all in one place, from your mobile device or computer.
Free trades. Get unlimited free stock or ETF trades for a year and purchase mutual funds for free anytime. Premium customers enjoy unlimited commission-free online stock, ETF, and options trades every year.
Low fees and minimums. Start trading with as little as $1 and pay only $2.95 per stock or ETF trade, and $0 per bond purchase.
Portfolio management. You Invest offers a hand-off investment option where JPMorgan’s investment experts design, manage and balance your portfolio.
What to watch out for
While this product stands out from its competitors for a number of reasons, it still has a few potential drawbacks:
Limited account options.You Invest only allows you to open a brokerage, traditional IRA or Roth IRA. If you want to open a trust, 529 or other type of account, you may want to consider another product.
Simple platform. Unlike many other trading platforms, You Invest lacks features like a customizable desktop program and the ability to trade options.
Subpar customer service. Chase is a large bank with many departments, so getting the help you need could be hard. Plus, with only branches in 28 states, you may not have access to in-person help.
Limited mobile app functionality. While this product allows you to manage your account and make trades from your phone, it lacks a search bar for quotes and doesn’t allow you to create watch lists.
Portfolio builder minimum. To use the Portfolio Builder feature, you’ll need to have an account balance of at least $2,500.
Compare with other stock trading platforms
What do people say about You Invest?
You Invest is a fairly new product, so there aren’t many customer reviews or testimonials online. However, JPMorgan Chase is one of the Big Four banks, meaning it’s one of the more secure institutions in the country.
That said, there’s a long list of customer complaints on the BBB website along with a 1 out of 5-star rating and F score for customer satisfaction.
How do I get started?
Start investing today by signing up for an account online:
Visit the Chase website, click Open an account, then See all.
Scroll down and click Investments.
Click Go to You Invest.
Click Get Started.
Choose between an individual or joint account and whether or not you’re a Chase customer, then click Next.
Enter your personal information and click Next.
Enter your employment details and account preferences, then Submit your application.
To get approved for this account, you’ll need to meet the following eligibility requirements:
Valid Social Security number
Valid US address
At least 18 years old
Valid state-issued ID
Required information
During your application, you’ll be asked for the following information:
First and last name
Address, phone number and email
Social Security number
Employment information
How do I contact JPMorgan customer service?
If you need to get in touch with JPMorgan Customer Service, representatives are available 24/7:
By phone: 800-343-3548
Email: Visit the Contact Us page on the JPMorgan website or log in to your account to send a secure email
Live chat: Visit the Contact Us page on the JPMorgan website to chat with the Virtual Assistant
I’ve made my first trade with JPMorgan. Now what?
Once your application has been approved, here’s how you can take advantage of everything else this platform has to offer:
Fund your account. You’ll first need to link another bank or brokerage account to fund your account and start trading.
Manage your portfolio. Use the website or mobile app to log in and manage your account.
Portfolio builder. Try the portfolio builder tool to get a guided approach to creating a portfolio that matches your risk tolerance, trading style and goals.
Do your research. You Invest members get access to JPMorgan equity research, which can help you learn more about potential investments.
Bottom line
You Invest is a new platform that helps rookie and seasoned investors start trading and managing their own money. It comes with unlimited free trades for your first year and a suite of useful tools and resources.
But if you’re a more experienced investor, you may want to compare your options to find a more powerful platform.
Frequently asked questions
Once your application has been approved, you’ll receive instructions on how to fund your account. You can make an ACH transfer, do a full account transfer, or transfer securities from a brokerage account.
No. Any money that is invested in stocks, bonds or other assets won’t be covered by FDIC deposit insurance.
The application takes about 15 minutes to fill out and most applications are reviewed within one business day.
No. Chase doesn’t charge any fees to make transfers into this account, but your bank may charge outgoing transfer fees.
In order to close your account, you’ll first need to transfer all assets to another account. Once you’ve done that, you can call customer service and request to have your account closed.
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