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Interactive Brokers vs JP Morgan Chase (2026)
JP Morgan (Chase) vs Interactive Brokers (IBKR): which firm is better? Compare (Roth) IRA accounts, online investing fees, stock broker mutual fund rates, and differences.
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Interactive Brokers vs. J.P. Morgan: Key Takeaways
• You can open brokerage accounts at Interactive Brokers and J.P. Morgan Investing.
• Interactive Brokers is the only one that has robo accounts.
• You’ll find advanced tools and features at Interactive Brokers, but not at J.P. Morgan Investing.
J.P. Morgan vs. Interactive Brokers Introduction
When you’re ready to open a brokerage account, you should consider J.P. Morgan Investing and Interactive Brokers. Each one does well in some ways and not as well in others.
Cost
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
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IB
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$0
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$14.95
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$0.70 per contract
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$0
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$30
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Chase
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$0
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$0
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$0.65 per contract
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$0
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$0
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Charles Schwab
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$0
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$49.95 ($0 to sell)
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$0.65 per contract
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$0
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$0
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Services
| Broker Review |
Cost |
Investment Products |
Trading Tools |
Customer Service |
Research |
Overall Rating |
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IB
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Chase
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Charles Schwab
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Promotions
Charles Schwab: $0 commissions + ACAT rebate + satisfaction guarantee at Charles Schwab.
Interactive Brokers: Use this referral link to get up to $1,000 of IBKR stock for free!
Chase:
Get $0 stock commissions at J.P. Morgan.
Investing
J.P. Morgan Investing customers can trade these types of investments:
- Options
- Stocks
- Bonds and other fixed-income products, like brokered CDs
- Mutual Funds
- ETFs
- Closed-End Funds
Interactive Brokers customers have those choices, plus:
- Precious metals
- Cryptocurrencies
- Futures
- Forex
- Warrants
- International securities
Only Interactive Brokers has robo accounts. These come from its affiliated company Interactive Advisors, which handles automated investing in selected ETFs.
Winner: Interactive Brokers
Banking
Both brokerages in this comparison have FDIC-sweep options for uninvested cash. However, Interactive Brokers requires an IBKR Pro subscription for it, and the Pro plan removes zero-commission trading. Pro clients earn a 1.83% rate on FDIC-swept cash. J.P. Morgan Investing currently pays 0.01%.
J.P. Morgan Investing customers can also use Chase Bank for uninvested cash. When you open a bank account at Chase (a sister company), it’s automatically linked to the investment account, making it easy to move money. Chase checking accounts have extras like debit cards and checks. Interactive Brokers no longer offers its Mastercard, so its FDIC sweep is its only banking feature.
Winner: J.P. Morgan Investing
Margin
Both brokerages let you set up cash or margin accounts. Interactive Brokers charges 6.37% to borrow money, and Pro users can get an even lower rate. J.P. Morgan Investing has only one rate schedule that starts at 11.5% and goes down to 6.5% when borrowing more than $10 million.
Winner: Interactive Brokers
Websites
Both brokerages have websites with charting, order entry, account management, and research tools. J.P. Morgan Investing’s site is easier for beginners to use. But Interactive Brokers’ site has more trading power.
For instance, J.P. Morgan Investing’s order form only has four order types, while the IBKR web form has nine, plus bracket orders (take profit and stop loss). In charting, J.P. Morgan Investing doesn’t have full-screen mode, but Interactive Brokers does, plus many TradingView tools.
For options, Interactive Brokers’ site has robust features, like implied volatility charts and a strategy builder, while J.P. Morgan Investing only has basic call and put chains.
Winner: Interactive Brokers
Desktop Programs
Interactive Brokers decided its powerful website wasn’t enough, so it created Trader Workstation, a high-level desktop platform. Then it introduced IBKR Desktop, which is simpler but still offers many features. J.P. Morgan Investing doesn’t have any desktop software.
Winner: Interactive Brokers
Mobile Apps
J.P. Morgan Investing offers a mobile app with mostly the same features as its website, including the same trade ticket and charting. It also includes various personal financial tools from Chase Bank. Mobile check deposit is an added convenience.
The IBKR app doesn’t have Chase’s personal finance features. However, it has more advanced trading, better charts, and more in-depth details for each security. These details often include:
- Analyst ratings with consensus opinions
- Industry peers
- News
- Advanced option tools
iBot is an AI assistant on the IBKR app that can further help you.
Winner: Interactive Brokers
Day/Swing Trading
Direct-Access Routing: Found in Trader Workstation and IBKR Desktop.
Extended-Hours Trading: Only at Interactive Brokers (includes overnight sessions).
PDT Counter: IBKR’s platforms keep track of how many day trades you make.
Shorting: You can short-sell at Interactive Brokers. It also shows how many shares are available to short.
Maker-Taker Fees: Available for orders routed through IBKR’s SmartRouting.
Level II Quotes: Available on Trader Workstation.
Winner: Interactive Brokers
Complementary Services
Fully-Paid Stock Lending: Offered at Interactive Brokers.
Individual Retirement Accounts: Both have IRAs, but Interactive Brokers has more IRA options and no closing fee. J.P. Morgan Investing does charge a closeout fee.
Automatic Mutual Fund Investing: Only at J.P. Morgan Investing.
Initial Public Offerings: Not offered at either firm.
Fractional Shares: Interactive Brokers allows fractional investing in stocks and cryptocurrencies.
Dividend Reinvestment Plan: Both let you reinvest dividends in stocks. At Interactive Brokers, DRIP can’t be used for ETFs, but you can use it at J.P. Morgan Investing.
Winner: Interactive Brokers
Recommendations
Beginners: We suggest Interactive Advisors for automated investing.
Small Accounts: Both firms have $0 commissions (when using IBKR Lite) and no account minimum. Interactive Brokers supports fractional shares, so you can invest with less. Interactive Advisors requires $100.
Mutual Funds: J.P. Morgan Investing has stronger fund research on its site.
Long-Term Investors & Retirement Savers: A traditional account with a J.P. Morgan Advisor could be good.
Frequent Stock Trading: Interactive Brokers, thanks to its top-notch software.
Chase vs IBKR Verdict
J.P. Morgan Investing has a long worldwide history in finance, but that alone doesn’t make it the best choice for investing.
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Updated on 8/11/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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