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JPMorgan Self-Directed Investing
Learn more and sign up on JPMorgan's secure site
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Our verdict
Our verdict
Consider JPMorgan Self-Directed Investing if you want commission-free trading or are a passive investor looking for managed portfolios. Look elsewhere for advanced trading tools or if you're looking to trade crypto.
Best for: New to intermediate and passive investors or existing Chase customers.
Pros
- Diverse lineup of tradable securities.
- Self-directed and automated investing options.
- Convenient app and mobile banking integration for existing Chase customers.
Cons
- $500 minimum deposit and a $250 minimum balance required for Automated Investing.
- Clunky, nonintuitive trading experience.
4
★★★★★
Finder rating
Go to site
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $125 - $625 when you open and fund an account with $25,000 - $250,000+
How we rated J.P. Morgan’s features
| Fees | ★★★★★ | Commission-free trades, but options have a $0.65 per contract fee. |
| Available securities | ★★★★★ | Trade stocks, ETFs, options, mutual funds and fixed income. |
| Customer support | ★★★★★ | Two ways to reach support, but expect delayed responses. |
| Mobile app | ★★★★★ | Its mobile app receives equally high marks from both Google and Apple users. |
| Research and tools | ★★★★★ | Platform tools and resources are sufficient for new to intermediate traders. |
| Reliability | ★★★★★ | We found no complaints about service outages. |
To learn how our star ratings are calculated, read our methodology at the bottom of the page.
J.P. Morgan is best for new and passive investors
J.P. Morgan’s investment platforms targets both newbies and passive investors. Its self-directed platform aims to get new investors off the ground by offering commission-free trades and requiring no minimum deposits. Its Automated Investing account is suited to passive investors wishing to tap into managed portfolios using a robo-advisor.
What you can trade on J.P. Morgan
- Stocks
- Bonds
- Mutual funds
- ETFs
- Options
Account types available with J.P. Morgan
- Brokerage
- Retirement
Where J.P. Morgan shines
J.P. Morgan offers two tiers of investment products — JPMorgan Self-Directed Investing and JPMorgan Automated Investing. Each tier is geared towards a specific type of investor. Newbies won’t feel overwhelmed on its Self-Directed platform and season investors can enjoy a hands-off approach with an Automated Investing account.
JPMorgan Self-Directed Investing
- Geared towards new investors
- Invest in US-listed stocks, ETFs, mutual funds and options with zero commissions
- Sign-up cash bonus
- No minimum deposit
- No account fees
- Educational resources
JPMorgan Automated Investing
- Geared towards passive investors
- Choose from one of four managed portfolios
- Complimentary robo-advising
- Automatic rebalancing
- Access to Portfolio Builder (with a balance of at least $2,500)
- Convenient access through the Chase mobile app
Where J.P. Morgan falls short
Tradeable assets offered by J.P. Morgan are limited. You won’t be able to trade in futures, crypto, commodities or forex. Additionally, some of its fees are higher than the industry standard. You’ll be charged for each option contract and bond trade that you make.
The Automated Investing account utilizes J.P. Morgan ETFs only and there’s a minimum deposit of $500 to access the managed portfolios. Maintaining this account will set you back 0.35% of your account balance annually, which is higher than others in the industry. It’s worth pointing out that you’ll also need to keep the account maintained with at least $250, or risk having the account terminated. J.P. Morgan also doesn’t support margin accounts.
J.P. Morgan’s fees
JPMorgan Self-Directed Investing fees:
| Minimum deposit | $0 |
| Annual fee | $0 |
| US-listed stock, ETF, option and mutual fund online trade fees | $0 |
| Options contract fees | $0.65 per contract |
| Bond trade fees | $0 for US Treasury bills, notes and bonds; $10 per trade + $1 per bond over 10 bonds ($250 maximum) for secondary market bonds |
| Inactivity fee | $0 |
| Domestic wire transfer | $0 |
| International wire transfer | $25 |
| Outgoing account transfer fee | $75 |
JPMorgan Automated Investing fees:
| Minimum deposit | $500 |
| Minimum balance requirement | $250 |
| Management fee | 0.35% |
| Inactivity fee | $0 |
| Domestic wire transfer | $0 |
| International wire transfer fee | $25 |
| Outgoing account transfer fee | $75 |
Is J.P. Morgan legit?
J.P. Morgan’s online investing is backed by JPMoran Chase & Co – ranked by S&P Global as the largest bank in the US and 6th in the world. It was founded in 1799 and has since grown into an international financial services titan.
Note: Since the release of this video, J.P. Morgan has rebranded their account names: You Invest Trade is now J.P. Morgan Self-Directed Investing, You Invest Portfolios is now J.P. Morgan Automated Investing, and the Find Investments tool is now Portfolio Builder.
J.P. Morgan’s platform is easy to use
Here are some of the tools you can use to trade with on J.P. Morgan:
- Watchlists
- Investment screeners
- Portfolio Builder
- Fundamental analysis
- Technical analysis
- Market news
- Educational resources
J.P. Morgan’s Chase mobile app
J.P. Morgan’s investing accounts are linked to the Chase mobile app, available to both Apple and Android users. This provides a complete 360 view of Chase banking, credit card accounts and J.P. Morgan investments in one place. Use the tools to track performance and see the price targets and ratings. Then use the investment screeners to find prospective investments that match your needs.
J.P. Morgan’s app store reviews
| Google Play app reviews | 4.4/5 stars based on over 1.78 million reviews |
| Apple App Store app reviews | 4.8/5 stars based on over 4.7 million reviews |
J.P. Morgan’s customer support
Customers can contact J.P. Morgan in two ways:
- Phone
- Secure message center
How to open an account with J.P. Morgan
For new customers:
- Click the “Sign up now” button below and click “Get started”.
- Select the type of account you want to apply for.
- If applying for a JPMorgan Automated Investing account, enter basic personal information including your age, minimum amount, risk tolerance and investing timeline, then select Determine your risk profile.
- Enter personal information including your name, citizenship, date of birth, Social Security number and select Next.
- Follow the instructions to verify your identity, submit your application and fund your account.
For existing Chase customers:
- Log into your Chase mobile app or Chase Online and open the menu
- Select Open a Self-Directed Investing Account and choose the product you’d like (General Investment, Traditional IRA or Roth IRA account)
- If applying for a JPMorgan Automated Investing account, enter basic personal information including your age, minimum amount, risk tolerance and investing timeline, then select Determine your risk profile.
- Confirm or edit your personal and employment information.
- Follow the instructions to submit your application and fund your account.
Eligibility and required information
- At least 18 years old
- Valid phone number and residential and email address
- Valid government-issued ID
- Existing bank or brokerage account for account transfers
- Valid Social Security number
- Foreign tax ID, passport or visa number if you are not a US citizen or permanent resident
- Employer’s name, address and phone number
Sign up now
How safe is J.P. Morgan?
J.P. Morgan uses 128-bit encryption to safeguard account information on its website and mobile app. And it conducts multiple authentication checks when signing into the account from a new device.
Investments are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by the bank. Any investment can therefore lose value.
Frequently asked questions about J.P. Morgan
-
Based on your own risk tolerance, you can choose one of four managed portfolios: Conservative, Moderate, Growth and Aggressive. Each comes with its own mix of J.P. Morgan ETFs.
(Video) Why You Should Never Use a Robo Advisor | Phil Town -
You can trade with J.P. Morgan during standard trading hours, which run from 9.30 a.m. to 4 p.m. ET.
Compare J.P. Morgan Self-directed & Automated investing with other platforms
JPMorgan Self-Directed Investing
★★★★★
Finder rating 4 / 5
Go to site
Available asset types
Stocks, Bonds, Options, Mutual funds, ETFs
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $125 - $625 when you open and fund an account with $25,000 - $250,000+
SoFi Invest
★★★★★
Finder rating 4.3 / 5
Go to site
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get up to $1,000 when you fund a new account within 30 days.
eToro
★★★★★
Finder rating 4.3 / 5
Go to site
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$10
Complete signup bonus
FINDER EXCLUSIVE: Guaranteed $15 bonus when you sign up and deposit $100
How we rate trading platforms
★★★★★5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.
FAQs
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 is the projection for JPM stock? ›Stock Price Forecast
The 23 analysts offering 12-month price forecasts for JPMorgan Chase & Co have a median target of 155.00, with a high estimate of 189.00 and a low estimate of 137.00. The median estimate represents a +9.88% increase from the last price of 141.06.
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.
Weaknesses of JP Morgan Chase
Large market in the US: Even though JP Morgan Chase has operations in over 100 countries, they are mainly dependent on US activities. This overreliance on the US market is also seen as a weakness.
- 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.
JPMorgan Chase stock has received a consensus rating of buy. The average rating score is A1 and is based on 37 buy ratings, 12 hold ratings, and 9 sell ratings.
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.
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.
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.
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.
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.
How much does JP Morgan Chase charge for advisors? ›An annual advisory fee of 0.35% (subject to applicable discounts, promotions, adjustments, or waivers) will be charged on quarterly basis, based on the assets held in the account.
What's the biggest threat to J.P. Morgan? ›JP Morgan Strategist, Mike Bell, has stated that the biggest risk to the market in 2023 is the absence of a recession, as reported by Markets Insider. The Federal Reserve's actions could have a negative impact on the economy, as the absence of a recession may lead to higher wage growth.
Who is J.P. Morgan's biggest competitor? ›main competitors are Silicon Valley Bank, Goldman Sachs, and Morgan Stanley.
What are the challenges faced by J.P. Morgan? ›Challenges Have Intensified in 2022
Business leaders cite the higher cost of doing business, including inflation, as their top challenge (71%), followed closely by labor issues (70%), including recruiting, hiring and retaining employees and labor shortages.
- Subprime Mortgages. ...
- Annuities. ...
- Penny Stocks. ...
- High-Yield Bonds. ...
- Private Placements. ...
- Traditional Savings Accounts at Major Banks. ...
- The Investment Your Neighbor Just Doubled His Money On. ...
- The Lottery.
- High-yield savings accounts.
- Series I savings bonds.
- Short-term certificates of deposit.
- Money market funds.
- Treasury bills, notes, bonds and TIPS.
- Corporate bonds.
- Dividend-paying stocks.
- Preferred stocks.
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.
Is Wells Fargo better than J.P. Morgan? ›...
Overall Rating.
| Overall Rating | 3.7 | 3.9 |
|---|---|---|
| Work/life balance | 3.6 | 3.7 |
| Compensation and benefits | 3.7 | 3.8 |
| Job security and advancement | 3.4 | 3.4 |
| Management | 3.3 | 3.4 |
Help grow your wealth with a brokerage account. Conveniently invest in stocks, ETFs and mutual funds with brokerage fees starting at $0.
What positives did J.P. Morgan have? ›
J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.
What challenges is J.P. Morgan facing? ›Challenges Have Intensified in 2022
Business leaders cite the higher cost of doing business, including inflation, as their top challenge (71%), followed closely by labor issues (70%), including recruiting, hiring and retaining employees and labor shortages.
“We are facing challenges at every turn: a pandemic, unprecedented government actions, a strong recovery after a sharp and deep global recession, a highly polarized U.S. election, mounting inflation, a war in Ukraine and dramatic economic sanctions against Russia,” he wrote.
Is J.P. Morgan a good company? ›JPMorgan is an elite financial company offering competitive salaries and benefits. The company offers a pathway specifically designed for college students, and another for people with previous work experience.