You Invest by JPMorgan review September 2019 | finder.com

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You Invest by JPMorgan review

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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 more than 100 commission-free trades. However, it doesn’t have the best customer reviews and active trading could get expensive after your free trades have been used up.

$2.95

Stock trade fee

0%

Annual fee

$0

Minimum deposit to open

Details

Minimum deposit to open$0
Available asset typesStocks
Bonds
Mutual funds
ETFs
Stock trade fee$2.95
Corporate bond trade fee$1
Account transfer fee$75
Chase Banking Chase Banking

Up to $625 signup bonus + 100 free trades 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+.
INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Last verified

Who is You Invest best for?

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.The 100 free trades 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 100 free stock or ETF trades and purchase mutual funds for free anytime.
  • Low fees and minimums. Start trading with as little as $0 and pay only $2.95 per stock or ETF trade, and $1 per bond purchase.
  • Portfolio management. Coming soon, You Invest will be offering a hand-off investment option where JPMorgan’s investment experts will 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

Name Product Available asset types Stock trade fee Option trade fee Annual fee
Stocks
Bonds
Options
Mutual funds
ETFs
Forex
Cash
$0.01 per share
($3 minimum)
$3 + $0.75/contract
0%
Trade stocks, options and ETFs for as low as $1 per order for a year when you open a new account by December 31, 2019, and fund it with $2,500 or more within 60 days.
Stocks
Bonds
Mutual funds
ETFs
$2.95
0%
100+ commission-free online stock and ETF trades with $0 minimum to start. Just $2.95 per trade thereafter.
INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Stocks
Bonds
Options
Mutual funds
ETFs
Forex
Futures
$4.95
or $3.95 with a $100,000 average daily balance or 30+ trades over a rolling 3-month period
$4.95 + $0.65/contract
or $3.95 + $0.50/contract with a $100,000 average daily balance or 30+ trades over a rolling 3-month period
0%
500+ commission-free ETFs, some of the industry's lowest fees plus a cash bonus up to $3,500.
Stocks
Options
Mutual funds
ETFs
$0
$0
0%
Firstrade customizable trading platforms let you manage your account and trade from your desktop, iPad or mobile phone.
Stocks
ETFs
$0
0%
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
TradeStation
TradeStation
Stocks
Bonds
Options
Mutual funds
ETFs
Futures
$5
$5 + $0.50/contract
$99.95 per month
A platform built for all kinds of traders and all styles of trading

Compare up to 4 providers

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:

  1. Visit the Chase website, click Open an account, then See all.
  2. Scroll down and click Investments.
  3. Click Go to You Invest.
  4. Click Get Started.
  5. Choose between an individual or joint account and whether or not you’re a Chase customer, then click Next.
  6. Enter your personal information and click Next.
  7. Enter your employment details and account preferences, then Submit your application.

Eligibility

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 100 free trades 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.

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