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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 combines Self-Directed and Automated Investing under one roof; you can manage everything 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.
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.
Author's note: My favorite brokers are those that make investing in stocks and ETFs easy and affordable. I've been investing for three years, and I plan on holding my investments for decades. Robinhood is my go-to platform. Top perks include IRA match and a no-frills interface. I don't day trade or dabble in mutual funds, but I do invest in Bitcoin; it's a must-have option.
To receive the bonus, customers must open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
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J.P. Morgan offers a variety of standard investing options. Some brokers offer more, but the inclusion of mutual funds is less common.
J.P. Morgan is much more than a brokerage; it also offers the following services:
J.P. Morgan charges zero transaction fees to trade stocks, ETFs, and mutual funds. It charges an advisory fee for investors who opt into its robo advisor. 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 |
Automated Investing advisory fee | 0.35% |
Account transfer fee | $75 |
Wire transfer fee | $25 |
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% |
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.
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.
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.
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 1.09 / 5 on the BBB website and 1.9 / 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:
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.
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.
Keep reading about J.P. Morgan Investing on these pages:
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
A Self-Directed Investing account has no account minimums, meaning you can invest with J.P. Morgan with as little as $1. However, if you're interested in the Automated Investing account, you'll need at least $500 to get started.
You can invest with J.P. Morgan by opening a Self-Directed Investing account and choosing your own investments. If you have more than $500 to invest with, you can also open an Automated Investing account, which will automate your investments through a robo-advisor.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Fidelity disclosure
Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.
J.P Morgan Disclosure
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE