J.P. Morgan Self-Directed Investing Review 2023 | Investor Junkie (2023)

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JPMorgan Chase is a banking and financial services company that operates in over 100 countries. And with its self-directed investing account, Chase customers get commission-free trading and can open an account with just $0.

But while J. P. Morgan Self-Directed Investing is known for its commission-free mutual fund trading, it's not the best broker for every investor. That's why our review is covering its features, pros and cons, and pricing so you can decide if it's the right broker for you.

Commissions & Fees - 9

Investment Opportunities - 6

Ease-of-Use - 8

Available Accounts - 6

Tools & Research - 6
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Pros & Cons


  • No commissions on stocks, ETFs, and also mutual funds
  • No minimum account balance requirement
  • Easy integration for existing Chase customers
  • Earn up to $700 for opening an account


  • Doesn't support fractional share investing
  • No cryptocurrency investing
  • Fewer trading tools and research options than some competing brokers

Who Is J.P. Morgan Self-Directed Investing For?

J.P. Morgan Self-Directed Investing Review 2023 | Investor Junkie (1)With no trading fees on all its mutual funds, J.P. Morgan Self-Directed Investing is a clear choice if mutual funds make up a significant part of your portfolio.

And since it integrates with Chase's mobile and web banking platform, this broker helps Chase customers consolidate all of their accounts.

What Makes J.P. Morgan Self-Directed Investing Great?

If you want a stock broker with all the trading tools under the sun, this isn't the right broker for you. But J.P. Morgan Self-Directed Investing has several features that make it worth considering, especially for mutual fund fans.

No Minimum Balance Requirement

J.P. Morgan Self-Directed investing has a $0 account balance requirement, so it's a viable way to begin investing with little money. This $0 requirement is also for all account types: individual taxable accounts and retirement accounts like a Traditional IRA or Roth IRA.

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Commission-Free Trading Includes Mutual Funds

These days, most online brokers are commission-free. This means you can trade stocks and exchange-traded funds (ETFs) without paying broker-charged fees. Most brokers also offer affordable options trading at $0.65 per contract.

J.P. Morgan Self-Directed Investing is also commission free like the competition. But one of its main selling points is that it offers commission-free mutual fund trading. Many brokers offersomeno-transaction fee mutual funds, but J.P. Morgan extends this to all mutual funds it supports.

This zero-fee structure makes it one of the best brokers for mutual funds out there. However, there's a reason many investors shy away from mutual funds: management fees are typically much higher than ETF fees and can reach over 1% annually in many cases. If you want mutual funds in your portfolio, J.P. Morgan Self-Directed Investing could be for you, but keep these fees in mind.

Portfolio Builder Research Tool

With the Portfolio Builder tool, you get a helping hand with building a portfolio that matches your level of risk tolerance and desired asset allocation. Once you know the framework you're in, you can view how different stock and ETF investments would impact your portfolio's composition.

The Portfolio Builder tool has a $2,500 minimum which is a slight downside. J.P. Morgan also stresses how it's not analyzing your investment portfolio or actually making recommendations on if you should buy, hold, or sell different securities. All-in-all, it's more of a guiding tool and not truly personalized financial advice like you'd get with a financial advisor.

Integrates With Chase Mobile

If you're a fan of mobile trading, J.P. Morgan Self-Directed Investing's integration with the Chase app is great news. This broker is hosted within the Chase app and ecosystem, so it's ideal for existing Chase bank customers. You can also trade through Chase.com so it's not just for mobile trading.

If you're already with Chase, consolidating all of your accounts under one roof can also help managing your finances that much easier.

Sign-Up Bonus

New J.P. Morgan Self-Directed Investing customers can earn up to $700 for opening an account. How much you earn depends on how much you fund your account:

  • Get $50 when you fund with $10,000-$24,999
  • Get $150 for funding an account with $25,000 – $99,999
  • Get $325 for funding an account with $100,000 – $249,999
  • Get $700 for funding an account with $250,000+

Granted, it takes some serious money to get the first bonus tier, but even a free $50 is a nice online broker promotion.

What Are J.P. Morgan Self-Directed Investing'sDrawbacks?

Despite being great for mutual fund fans and existing Chase customers, J.P. Morgan Self-Directed Investing still has some significant drawbacks, especially when compared to its competitors.

No Advanced Trading Options

If you want to trade on margin or dabble in futures, J.P. Morgan Self-Directed Investing isn't for you. This broker sticks to the basics, and options trading is as advanced as it gets.

Limited Account Types

You can open taxable accounts or Traditional and Roth IRA accounts with J.P. Morgan Self-Directed Investing. But a lack of custodial, SEP IRA, 529, Solo 401(k), and other types of accounts is a downside.

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Limited Research & Trading Tools

Compared to other brokers, J.P. Morgan doesn't provide a wealth of industry research to help educate investors. It does have stock screeners, and you can set-up watchlists to get price alerts about companies you're interested in. And J.P. Morgan provides its own research and market analysis content to its customers.

But compared to brokers like TD Ameritrade and Merrill Edge, it falls a bit short on the research and trading tools front.

No Cryptocurrency Support

If you want to invest in cryptocurrency, J.P. Morgan Self-Directed Investing isn't the broker for you. It doesn't support cryptocurrencies unlike competitor brokers like eToro, which supports over 30 digital assets like Bitcoin and Ethereum.

If you want the best of both regular investing and crypto, we recommend platforms like eToro and Robinhood since they support popular cryptos and also offer commission-free stock and ETF trading.

No Fractional Shares

A $0 account minimum is nice, but customers can't invest in fractional shares which is a downside. This means expensive stocks from companies like Amazon and Tesla are off the table for investors with little capital.

Of course, you can buy ETFs that contain these companies to still add them to your portfolio. But for fractional share investing, options like Robinhood and Webull are better choices.

Robo-Advisor Option Isn't Competitive

J.P. Morgan also offers a robo-advisor if you're more interested in automated investing. There's a $500 minimum investing requirement. Like other robo-advisors, you complete a questionnaire to help pick investments that match your risk tolerance and overall goals.

Portfolios are built with a variety of J.P. Morgan ETFs, and there are four options to choose from:

  • Conservative: 75% fixed-income, 25% equity.
  • Moderate: 50% fixed-income, 50% equity.
  • Growth: 25% fixed-income, 75% equity.
  • Aggressive: 10% fixed-income, 90% equity.

Having this option is nice, but you pay 0.35% in annual fees. That's 0.10% higher than what you get with robo-advisors like Betterment. And, Betterment has a $0 funding minimum and more portfolio variety. Robo-advisors like Wealthfront also charge just 0.25% annually and are better options for passive investors.

Overall, J.P. Morgan Self-Directed Investing is great if you want to invest in mutual funds and already bank with Chase. But its robo-advisor offering is lagging behind the competition currently.

J.P. Morgan Self-Directed Investing Trading & Account Fees

As mentioned, J.P. Morgan Self-Directed Investing is commission-free for stocks, ETFs, and mutual funds. Options start at $0.65 per contract like many other brokers. For bonds, there aren't fees on new issue bonds. But you pay $1 per bond with a $10 minimum and $250 maximum per trade.

Other potential fees you can pay include:


    • Brokerage Account Transfer And Termination: $75.
    • Broker-Assisted Trades: $20 – $30
    • Wire Transfer: $25.
    • Stop Payments: $30

How to Contact J.P. Morgan

If you have questions about a self-directed investing account, you can call 1-800-392-5749. Hours are Monday to Friday from 8:00am to 9:00pm and Saturdays from 9:00am to 5:00pm ET.

You can also schedule a meeting at a local Chase branch, and Chase has over 5,000 locations nationwide. This is similar to Merrill Edge which allows you to schedule appointments at select Bank of America branches and is a nice difference from completely online brokers.

Best Alternatives

J.P. Morgan Self-Directed Investing is one of the best brokers for mutual funds. And its easy integration with the Chase ecosystem can make it a natural choice if you're already with that bank.

However, other brokers might be superior if you're not investing in mutual funds because of better trading tools and more investment selection.

We like TD Ameritrade as an alternative if you want more trading tools and research offerings. This broker is also commission-free for stock and ETFs and also offers margin and futures trading unlike J.P. Morgan.

And if you want crypto exposure and fractional shares, we suggest using eToro. This broker supports over 30+ popular cryptos, has commission-free trading, and lets you invest in fractional shares which is useful if you're investing small amounts of money.

Bottom Line

If you regularly invest in mutual funds, making the switch to J.P. Morgan Self-Directed Investing could save a significant amount in fees. And if you bank with Chase and want to keep life simple, you can consider trying out this broker.

That said, we prefer options like TD Ameritrade and eToro because you have more investing opportunities and trading tools. And if you're more interested in a robo-advisor, we suggest going with Betterment

Ultimately, picking the right broker means considering the fees, investing selection, account types, and tools that you get. J.P. Morgan has what beginner investors need, minus fractional shares. But more experienced individuals should likely look elsewhere.

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Is J.P. Morgan a good place to invest money? ›

The bottom line: J.P. Morgan Self-Directed Investing is a clear-cut investment platform that is great for beginners looking to learn how to buy and sell investments. More advanced investors, however, may find it lacking in terms of available assets and tools.

What trading platform does J.P. Morgan use? ›

Trading platform

The Chase Mobile® App provides a way for J.P. Morgan's Self-Directed Investing customers to trade on the go. And unlike some of the other leading app-based trading platforms, such as Robinhood and Webull, J.P. Morgan offers a range of investment products, including mutual funds and individual bonds.

What are the returns for J.P. Morgan automated investing? ›

J.P. Morgan Automated Investing at a glance

0.35%. Average 0.10% to 0.12%. J.P Morgan Automated Investing will reduce its management fee by the portion of expense ratios that is paid to J.P. Morgan or its affiliates.

Which is better J.P. Morgan or JPMorgan Chase? ›

J.P. Morgan scored higher in 9 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook. Chase scored higher in 1 area: Work-life balance.

How much money do you need to open an account at J.P. Morgan? ›

In most cases, you may open a J.P. Morgan account with as little as $1,000. You may purchase shares of any of the J.P. Morgan Funds, except the tax-exempt funds, for an Individual Retirement Account including an IRA Rollover or other retirement account.

Which investment account is best? ›

Best Online Brokerage Accounts and Trading Platforms of 2023
  • Best Overall: Fidelity Investments.
  • Best Broker for ETFs: Fidelity Investments.
  • Best Broker for Low Costs: Fidelity Investments.
  • Best Broker for Beginners: TD Ameritrade.
  • Best Broker for Mobile: TD Ameritrade.
  • Best Broker for Advanced Traders: Interactive Brokers.

What were J.P. Morgan's weaknesses? ›

This bank was a commercial bank that kept growing over the years across the US. Years passed, and JP Morgan & Co and Chase Bank expanded their operations by acquiring several banks and companies.
Weaknesses of JP Morgan
  • High Operational Cost. ...
  • High Reliance on One Region. ...
  • Controversies.

Is J.P. Morgan trustworthy? ›

J.P. Morgan Chase & Co. currently has an A+ rating with the Better Business Bureau. Since the BBB rates companies using an A+ to F range, this suggests that J.P. Morgan online investing displays trustworthy business practices and interacts well with its customers.

Is Chase brokerage free? ›

Help grow your wealth with a brokerage account. Conveniently invest in stocks, ETFs and mutual funds with brokerage fees starting at $0.

Does J.P. Morgan have an online trading? ›

J.P. Morgan offers J.P. Morgan Self-Directed Investing, an online self-directed brokerage account in which you can trade stocks, ETFs, mutual funds, options and fixed income products online.

Is Chase trading free? ›

Commission-free online trades apply to trading in U.S.-listed stocks, exchange-traded funds (ETFs) and options. Options trades are subject to a $0.65 per-contract fee.

Can you lose money with automated investing? ›

While it's smart to be cautious when trusting others with your money, a robo-advisor may be just as safe as a human financial advisor. But investing always comes with the risk of losing money, and that's true whether you're investing on your own, hiring a financial advisor or using a robo-advisor.

Which Robo investor has best returns? ›

Here are the best robo-advisors in February 2023:
  • Betterment.
  • Schwab Intelligent Portfolios.
  • Wealthfront.
  • Fidelity Go.
  • Interactive Advisors.
  • M1 Finance.
  • Ally Invest Robo Portfolios.
  • Marcus Invest.
Feb 1, 2023

Is automated investing a good idea? ›

Bottom Line. Robo-advisors are probably most worthwhile for retail investors, especially those with small amounts to invest or who are new to investing. More affluent investors with complex needs may be more suited to traditional financial planners. However, robo-advisors constantly evolve and add new services.

Why J.P. Morgan is the best investment bank? ›

When it comes to investing, JP Morgan has a market cap that is 3.5 times the size of Goldman Sachs's, and their shares are up 148% over the last five years. This is because JP Morgan has more assets when it comes to its range of lending-related businesses (e.g. consumer lending, credit cards).

Is Chase bank a good stock to buy? ›

Out of 17 analysts, 7 (41.18%) are recommending JPM as a Strong Buy, 3 (17.65%) are recommending JPM as a Buy, 6 (35.29%) are recommending JPM as a Hold, 0 (0%) are recommending JPM as a Sell, and 1 (5.88%) are recommending JPM as a Strong Sell.

Is J.P. Morgan Large Cap Growth A Good investment? ›

Performance. The fund has returned -19.84 percent over the past year, 14.61 percent over the past three years, 15.24 percent over the past five years, and 15.70 percent over the past decade.

Will JPM stock go up? ›

Will JPMorgan Chase & stock price grow / rise / go up? Yes. The JPM stock price can go up from 143.200 USD to 148.725 USD in one year.


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