J.P. Morgan Self-Directed Investing does not charge any commissions. The app is highly integrated and makes it a solid choice if you want to trade your own investments.
J.P. Morgan Investing, a platform that teaches beginners how to make and sell investments, is a great option. For more advanced investors, it may lack the necessary assets and tools.
Pros & Cons
Pros
- Easy-to-use platform.
- $0 commissions.
- App connects all Chase account
- No minimum account.
Cons
- There are very few tools available for research.
- Portfolio Builder tool requires $2,500 balance.
J.P. Morgan Self directed shines
A simple platform to manage your portfolio and invest in stocks: It’s easy to use.
App connects all Chase bank accounts: If Chase is already your bank, you might find the ability to view all your Chase accounts, including investments and checking, very appealing.
No minimum account required: You can start investing and saving with whatever amount suits your needs.
J.P. Morgan’s Self-Directed falls flat
Limited research tools and tools: The research and data are from top-quality sources like Morningstar, J.P. Morgan or global investment research company CFRA. However, J.P. Morgan Self-Directed Investing does not offer as many third-party research providers.
Portfolio Builder tool needs $2,500 balance
J.P. Morgan Self directed is the best for:
- Mobile users.
- We are looking for new investors.
- Trades are free
- Chase customers who are already Chase customers.
J.P. Morgan Self directed at a glance
Account minimum – $0.
Stock trading costs – $0.
Options trades
$0 per transaction + $0.65 per-contract fees
Account fees (annual, transfer, closing, inactivity)
No annual or unpaid fees. $75 account fee (partial and full).
Tradable securities
- Stocks.
- ETFs.
- Options.
- Bonds.
- Mutual funds
Crypto availability
Access to crypto-related products.
Trading platform
Basic investor requirements can be met by web trading platform.
Mobile app
Mobile app seamlessly integrates Platform with All Chase Products (including Credit Cards and Bank Accounts).
Data and research
Clients have unlimited access to J.P. Morgan research, Morningstar analyst ratings, CFRA reports, and other proprietary J.P.Morgan research.
More information on J.P. Morgan Self-Directed’s ratings
Account minimum 5 stars
J.P. Morgan Self-Directed Investing offers a $0 minimum account. You can start investing with any amount you have enough. J.P. Morgan allows you to invest as little as $1 into no-load mutual fund funds without transaction fees.
Portfolio Builder is a key selling point for Self-Directed Investing. However, to be able to use it, you’ll need at least $2,500 in funds. (Learn more about the Portfolio Builder tool below.
Stock trading costs: 5 of 5 stars
J.P. Morgan Self-Directed Investing, like many online brokers, doesn’t charge a fee for selling or buying stocks. Although this is commonplace now, it used to mean that each trade would incur a commission. The decline of stock commissions is likely to have contributed to the large increase in retail trade activity that began in 2020, and continues to this day.
Options trades: 4 of 5 stars
J.P. Morgan Self-Directed Investing has standard pricing. There is no per-trade commission, and it’s just like stock trading. But, $0.65 will be charged per contract. (Options typically are grouped into 100 shares of the underlying share stock to form contracts.
Account fees are 3 out 5 stars
A $75 account transfer fee will be charged regardless of whether your goal is to close the account completely or simply to transfer a small portion of the securities from it. Fidelity or Vanguard brokers may not charge this fee. However $50 to $75 is a common range for brokers.
4 stars for no-transaction fee mutual funds
J.P. Morgan Self-Directed Investing provides more than 3,000 no-transaction-fee Mutual Funds. These mutual funds can be tailored to your needs and avoid transaction fees.
3 stars out of 5 for Tradable Security
Self-Directed Investing might be a good option for beginners but may not appeal to more advanced investors. Self-Directed Investing can’t be used to invest in futures or forex. Additionally, it doesn’t offer fractional share options, which are becoming increasingly popular with brokers. These shares allow investors to purchase a smaller portion of a stock than a full one.
Crypto availability: 2 of 5 stars
J.P. Morgan Self-Directed Investing cannot offer direct access, but investors may be able to purchase products that track prices of some of most popular cryptocurrencies, like the Grayscale Bitcoin Trust, (GBTC).
4 stars from 5 on Trading platform
Existing Chase customers will be delighted to know that Self-Directed Investing accounts are accessible from their existing apps. All of Self-Directed Investing’s services are available via the Chase mobile app. Customers can search, trade, manage, and access all other Chase accounts.
If you aren’t a Chase bank customer, you may still open a Self – Directed Investing Account.
The prospect of creating an entire portfolio from scratch can be too daunting for some investors. The Self Directed Investing Portfolio Builder tool makes it less difficult and more manageable.
To use Portfolio Builder, you must first take a quiz. The quiz determines how assets should be divided based upon your risk tolerance. This asset allocation will be your guide when you are looking for, comparing and choosing investments. The Portfolio Builder tool, which allows investors to trade only stocks and ETFs, gives them access to Self-Directed Investor accounts.
Mobile app 5/5 stars
Chase customers will find the mobile app useful for integrating various Chase financial products including checking and savings accounts as well as credit cards and investments. Users can trade stocks, bonds mutual funds and ETFs through the app. They also have access to charting tools, screeners and J.P. Morgan research. Stock watch lists are also available.
Research and data are 3 out 5 stars
The Portfolio Builder tool is perfect for beginners. However, those who have more experience in investing may be unable to access a comprehensive suite of robust tools that will help them with their investment strategy, analysis, research and planning. Investors have access J.P. Morgan Equity Research, Morningstar Analysis and CFRA Reports. However, the number third-party providers is not as high as similar brokers.
Customer support options: 4 of 5 stars
J.P. Morgan customer services are available Monday through Saturday from 8 a.m.-9 p.m. Eastern. They also offer Saturday support from 9 am.-5 p.m. Facebook and Twitter are also available for users to reach out to. J.P. Morgan has in-office visits available during normal branch hours if customers prefer to talk with someone in person.
Is J.P. Morgan Self Direction right for you?
J.P. Morgan Self Directed investing is a cost-effective and complete option for those looking to start trading. It will provide you with the guidance and support that you need, and it won’t clutter up your learning experience.
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