J.P. Morgan Self-Directed Investing at a glance
Top features you’ll love
The well-laid-out and smooth mobile app makes it easy to find, research and trade stocks and funds. So it’s little surprise that it was named the best wealth management app in overall customer satisfaction in J.D. Power’s 2020 survey.
You’ll find J.P. Morgan Self-Directed Investing integrated into the Chase Mobile app, so if you already have that installed, you’re halfway to getting your trade on. You’ll be able to create watchlists, and each stock listed links off to its own page, with charts, basic financial statistics, earnings estimates and a trade button that gets you ready to buy or sell.
A research tab provides the latest market news as well as news specifically on your watchlist stocks. From there you can access J.P. Morgan research reports and economic commentary. And you’ll be able to screen for mutual funds, ETFs and stocks using pre-prepared screens or you can define your own to sift through thousands of investment options. Click on one and you’re taken to a fund or stock page, where you can peruse the finer details and highlights. You’ll also be able to access educational resources here so you can learn about investing.
Pros: Where J.P. Morgan Self-Directed Investing stands out
Commissions on stocks, ETFs and options
J.P. Morgan hits the sweet spot on commissions for stocks, ETFs and options – three of the most popular investment types. Here’s how much it will cost you to trade them:
- Stock commissions: $0
- ETF commissions: $0
- Option commissions: $0.65 per contract
Those numbers are solidly good, but the industry is so competitive that the figures are also merely in line with most of the top players such as Fidelity Investments and Charles Schwab, though Robinhood and Webull both offer no-cost options trades, too. No matter, J.P. Morgan delivers on one of the most important areas for investors: cost.
If you need to make a broker-assisted trade, however, it will run you $25 a pop.
No mutual fund commissions
When it comes to no commissions, J.P. Morgan takes it a step further than many brokers. The broker charges no commissions on more than 3,000 mutual funds. And that pricing outdoes many rivals, some of whom offer no transaction fees on only the buy or sell, or minimize their commissions only on their in-house mutual funds or other no-transaction-fee funds.
The broker’s pricing puts it squarely among the best brokers for mutual funds, and it should appeal to mutual-fund investors, including new investors and retirement investors. This is one place where J.P. Morgan competes well with apps such as Webull and Robinhood and even tastyworks – none of which offers access to mutual funds, let alone no commissions on them.
Integration with Chase accounts
Like other brokers that are part of larger financial institutions (Merrill and Bank of America, or even Fidelity), your Self-Directed Investing account appears on your Chase dashboard along with credit card accounts, bank accounts and any other account you have with Chase.
That’s an attractive feature if you’re looking to consolidate accounts, one of the biggest appeals of the brokerage service here. You’ll have quick transfers between brokerage and bank accounts, and you won’t have to guess whether your money is in limbo.
If you’re already familiar with the Chase dashboard, it’s simple to navigate and a generally clean interface, so you can get where you want to go easily. And if you’re opening a J.P. Morgan Automated Investing account, the broker’s robo-advisory, you’ll have that in the same place, too.
No account minimum
Beginning investors will be able to get started with no account minimum, which admittedly is pretty much the industry standard these days. But it’s still good to see.
J.P. Morgan Self-Directed Investing gets the basics mostly right, including an attractive mobile app that may appeal to younger, mobile-first investors.
- The broker is a great fit if you’re already a Chase customer and are looking to test out investing yourself or even the company’s robo-advisor.
- The no-commission model puts the broker in the running with other rivals, but commission-free trading on mutual funds is a small edge that many brokers don’t offer.
- But the broker does present some drawbacks for newer investors (such as no fractional shares and limited account types).
Those who see fractional shares as a necessity may be drawn to Robinhood or Fidelity, while those who need a different account type can choose almost any other big online brokerage and have a shot at finding what they need (TD Ameritrade and E-Trade, for example).
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