J.P. Morgan Investing might be for you if: You're looking for a low-fee brokerage that charges $0 mutual fund commissions. J.P Morgan offers Self-Directed investing within the Chase mobile app so customers can manage banking and investments in one place. In this J.P. Morgan Investing review, we'll cover everything you need to know to decide whether this brokerage is for you.
Open Account for J.P. Morgan Self-Directed Investing
OnJ.P. Morgan Self-Directed Investing'sSecure Website.
Ratings Methodology
2024 Award Winner
Our Rating:
Rating image, 4.0 out of 5 stars.
4.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Bottom Line
J.P. Morgan Investing is one of those rare brokers that charges zero transaction fees to buy and sell mutual funds. It's easy to use, with self-directed investing for brokerage accounts, traditional IRAs, and Roth IRAs. It's no-frills compared to other brokers, and it's most convenient for Chase customers. Pick this platform for low mutual fund fees and a no-nonsense interface.
Fees:
$0 per trade
Special Offer
Earn a bonus up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account (retirement or general) with qualifying new money by 10/11/2024.
Open Account for J.P. Morgan Self-Directed Investing
OnJ.P. Morgan Self-Directed Investing'sSecure Website.
Earn a bonus up to $700
To receive the bonus, customers must open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000-$249,999
- $150 when you fund with $25,000-$99,999
- $50 when you fund with $5,000-$24,999
Alternatives to Consider
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
| Account | Fees | Account Minimum | |
|---|---|---|---|
Rating image, 4.5 out of 5 stars. 4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | $0 for stocks, $0 for options contracts | $0 | Open Account for SoFi Active Investing |
Rating image, 4.5 out of 5 stars. 4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | $0 for stocks, ETFs, and options; up to $6.99 monthly for Robinhood Gold | $0 | Open Account for Robinhood |
Rating image, 4.5 out of 5 stars. 4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | Commission-free; other fees apply | $0 | Open Account for E*TRADE |
Full J.P. Morgan Investing review
J.P. Morgan Investing is a simple, affordable broker that doesn't charge mutual funds commissions, a rare perk. Nor does it charge fees to trade stocks and ETFs, making it a solid choice for low-cost investors. The app isn't feature-packed, but you get screeners.
The platform has recently introduced fractional shares, so you can buy stocks for as little as $5. If you want a simple, affordable stock-trading experience backed by J.P. Morgan, this may be the brokerage for you.
How tempted am I to switch brokers to J.P. Morgan Investing?
"If I were interested in affordable mutual funds, I'd be tempted to switch to J.P. Morgan. I might also be tempted if I wanted to use a stock screener, which J.P. Morgan Investing offers. Unfortunately, I'm not interested in either of those perks. J.P. Morgan is competitive, but I'm sticking with my current broker."
- Cole Tretheway, Ascent writer with financial expertise in brokerages
Investment offerings
J.P. Morgan offers a variety of standard investing options. Some brokers offer more, but the inclusion of mutual funds is less common.
Investments
- Cash sweep account
- ETFs
- Fractional shares
- Mutual funds
- Stocks
Brokerage accounts
- IRA
- Joint brokerage
- Roth IRA
- Traditional brokerage
J.P. Morgan is much more than a brokerage; it also offers the following services through Chase:
- Bank accounts
- Credit cards
- Personal loans
TIP
Buying your first stocks: Do it the smart way
Once you’ve chosen one of our top-rated brokers, you need to make sure you’re buying the right stocks. We think there’s no better place to start than with Stock Advisor, the flagship stock-picking service of our company, The Motley Fool. You’ll get two new stock picks every month, plus 10 starter stocks and best buys now. The average stock pick inside Stock Advisor is up 571% — more than 4x that of the S&P 500! (as of 6/12/2024). Learn more and get started today with a special new member discount.
Commissions and fees
J.P. Morgan charges zero transaction fees to trade stocks, ETFs, and mutual funds. The fees below apply if you use the online portal; broker-assisted trades cost an extra $20 to $25 per trade.
| Reason | Cost |
|---|---|
| Stock and ETF commissions | $0 |
| Mutual funds commissions | $0 |
| Options per-contract fee | $0.65 |
| Account transfer fee | $75 |
| Wire transfer fee | $25 |
Data source: J.P. Morgan
Margin rates
J.P. Morgan Investing offers margin accounts tied to variable interest rates. Rates can change, but generally speaking, the more you borrow, the better your rate.
| Borrowed Amount | Rate |
|---|---|
| $0 to $25,000 | Prime + 4.75% |
| $25,001 to $50,000 | Prime + 4.50% |
| $50,001 to $100,000 | Prime + 4.00% |
| $100,001 to $500,000 | Prime + 3.75% |
| $500,001 to $1,000,000 | Prime + 3.00% |
| $1,000,001 to $3,000,000 | Prime + 2.50% |
| $3,000,001 to $10,000,000 | SOFR + 2.35% |
| $10,000,001 and above | SOFR + 1.85% |
Data source: J.P. Morgan Investing fee schedule.
J.P. Morgan Investing promotions
J.P. Morgan sometimes offers promotions that could save you money. Click below to go to our dedicated page covering current J.P. Morgan Investing promotions:
J.P. Morgan Investing Promotions
Research and education
Access to stock research can be a valuable tool for seasoned investors as well as beginners. J.P. Morgan investment clients have access to J.P. Morgan's proprietary stock research, which covers more than 1,200 publicly traded companies.
Interface
J.P. Morgan is primarily an app-based trading platform. The Chase Mobile® App provides a way for J.P. Morgan 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.
App
The Chase Mobile® App has strong reviews on iOS and Google Play. It's rated 4.8 and 4.4 out of 5, respectively. Recent reviews indicate it has the basics down and makes it easy to access all your Chase accounts in one place. Some users have issues logging in and with the app crashing.
Customer service
Opinions of J.P Morgan Chase & Co. are mixed. Its BBB rating is A+, which means it typically responds to customer complaints. But customer reviews are 1.12 / 5 on the BBB website and 1.8 / 5 on Trustpilot. This is actually pretty standard for banks, though some score much better.
You can contact customer service in one of a few ways:
- Phone line Monday to Friday from 8 a.m. to 9 p.m. ET
- In-person at Chase branches
- 24/7 online chat via the Chase Digital Assistant in the Chase Mobile® App
Security
J.P. Morgan Investing is very secure. Deposits are insured by the SIPC (Securities Investor Protection Corporation) up to $500,000. The Chase Mobile® App encrypts data, enables touch or face I.D., and monitors your accounts for suspicious activity.
About
J.P. Morgan founded J.P. Morgan & Co. in 1895. In 2000, J.P. Morgan & Co. merged with Chase Manhattan Bank to form JPMorgan Chase. Since then, the investment firm has expanded to offer other services, including the J.P Morgan Investing brokerage platform.
Learn more about J.P. Morgan Investing
Keep reading about J.P. Morgan Investing on these pages:
- Best Broker Bonuses
- Best Brokers for Mutual Funds
- Best IRA Accounts
- Best Online Stock Brokers for Beginners
- Best Roth IRA Accounts
- J.P. Morgan Investing Promotions
- J.P. Morgan Investing Review
- J.P. Morgan Investing vs. Robinhood
- Best Stock Brokers
Review sources
- https://www.jpmorgan.com/wealth-management/wealth-partners/legal/sdi-fee-and-commission-schedule
- https://apps.apple.com/us/app/chase-mobile-bank-invest/id298867247
- https://play.google.com/store/apps/details?id=com.chase.sig.android&hl=en_US&gl=US
- https://www.bbb.org/us/ny/new-york/profile/bank/jpmorgan-chase-co-0121-136
- https://www.trustpilot.com/review/jpmorganchase.com
- https://www.jpmorgan.com/wealth-management/wealth-partners/legal/safety
- https://www.chase.com/digital/resources/privacy-security/security/how-we-protect-you
- https://www.chase.com/personal/investments/online-investing/automated/faqs
- https://account.chase.com/investing/sdifracshare
- https://www.chase.com/personal/investments/sweep-options-yields
- https://www.chase.com/content/dam/chase-ux/documents/personal/investments/fullservice_fee_commish_schedule.pdf
- https://www.chase.com/personal/investments/fixed-income-bonds
Our brokerage rating methodology
At The Motley Fool Ascent, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and account types; however, we also take into account features like research, education, tax-loss harvesting, and highly rated mobile apps. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
See our full methodology here: Ratings Methodology
FAQs
A Self-Directed Investing account has no account minimums. You can invest with J.P. Morgan with as little as $1.
You can invest with J.P. Morgan by opening a Self-Directed Investing account and choosing your own investments. J.P. Morgan offers thousands of investment choices, including stocks, bonds, ETFs, and mutual funds
