WeBull vs JP Morgan


JP Morgan Self Directed Investing or WeBull - which is better in 2021? Compare investing accounts, online trading fees, stock broker extended hours, and differences.



Webull vs JP Morgan Comparison (2021)


Chase You Invest has rebranded itself J.P. Morgan Investing. Can this change give it an edge over low-cost rival Webull? We shall see momentarily.


Cost


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na $0 per contract $0 $0
Chase $0 $0 $0 per contract $0 $0


Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
WeBull
Chase


Promotions


WeBull: Get 2 FREE stocks valued up to $1,850.

JP Morgan: Commission-free online stock, ETF, and options trades.



Investing Choices


At J.P. Morgan Investing, traders can open either automated or self-directed accounts. As the name implies, the automated option is a robo service; it only costs 0.35% per year with an initial starting balance of $500 and a minimum ongoing balance of $250. The downside of the program is that only ETFs from J.P. Morgan are available.

Investors who want more than just J.P. Morgan ETFs can opt for self-directed accounts. Thousands of ETFs are available along with stocks, mutual funds, closed-end funds, and option contracts. Unlike a J.P. Morgan Automated Investing account, the Self-Directed program has no minimum.

Webull doesn’t provide any type of investment-advisory service, and that’s obviously a major difference right off the bat. It does of course provide self-directed trading. The broker’s asset lineup includes everything J.P. Morgan Investing offers minus mutual funds and plus cryptocurrencies.

Winner: J.P. Morgan Investing seems to have the overall better selection


Website Trading


To manage either a Self-Directed account or an Automated Investing account, J.P. Morgan Investing offers (via Chase.com) a simple website. There is no browser trading platform, so this website is all clients get.


JP Morgan Chase or Webull


The site has very basic charting, although there are a few tools. During our research, we found 10 drawing tools and 8 graph styles. Unfortunately, a chart cannot be expanded the full width of the monitor. Only 3 years of price data can be displayed.

The self-directed order form has 4 order types (market, limit, stop, and stop limit) and 5 duration choices (including on-the-open and on-the-close).

Option chains can be accessed from a security’s profile. Only calls and puts are shown. There are no spreads. Hovering over a bid or ask price generates a drop-down menu with trading choices.

Webull’s website is also very simple. It has no trading capability at all, but the site has a trading platform. Launching it from the site generates a separate tab. Here, we found lots of tools not available on the J.P. Morgan Investing site; for example, there are widgets for time & sales data, a price ladder, and National Best Bid & Offer.


Webull or Chase


Like J.P. Morgan’s site, option chains on Webull’s browser platform also have just calls and puts. But charting is much more advanced with full-screen mode, technical indicators, and right-click trading. And with a demo mode (which J.P. Morgan Investing doesn’t provide), it’s easy to practice the software without putting actual money on the line.

Winner: Webull


Desktop Software


Option traders will find much more to like on Webull’s desktop program. In addition to chains for calls and puts, there are also pre-installed strategies like iron butterflies and verticals. Clicking on a bid or ask price automatically fills a discrete options order form for the selected strategy. A graphical mode is incorporated into the order form, and it’s easy to adjust the trade by dragging legs along a horizontal line.

Other great features on Webull’s desktop platform include an Active Trade ticket. With this order form, stocks and ETFs can quickly be traded with customizable buttons; just click on a button, and immediately buy 200 shares of the entered ticker symbol at the ask price with no extended hours (or whatever parameters you have set). It’s that easy.

And we really like Webull’s economic calendar that displays upcoming earnings, dividends, and splits.


Webull Crypto List


J.P. Morgan Investing has no desktop platform to speak of.

Winner: Webull


Mobile Apps


J.P. Morgan Investing’s mobile app has the same charting software as its website, although a graph cannot be displayed horizontally. This makes charting somewhat cumbersome.


JP Morgan Chase Trading App


Self-directed customers will find the same trade ticket the website has (charting on the website seems to function a little better than charting on the mobile platform). Screeners and other research tools make appearances as well.

Because J.P. Morgan Investing is associated with Chase Bank, helpful cash management tools are available as well (banking and brokerage customers use the same app); these resources include an ATM locator and mobile check deposit.

Webull’s app doesn’t have these banking features, but it does have a lot of potent trading tools that are missing in action on the Chase app. Webull’s trading ticket makes an appearance on its mobile app in nearly identical form. Surprisingly, the mobile order form is actually more advanced with selections for OTO (one triggers the other), OCO (one cancels the other), and OTOCO (one triggers a one cancels the other).


WeBull versus JP Morgan


Other important features on Webull’s mobile app include advanced charts with many tools, a watchlist that syncs with the broker’s other platforms, alerts, and social networking with other Webull customers.

Winner: Webull


Margin Borrowing


Neither J.P. Morgan Self-Directed Investing nor J.P. Morgan Automated Investing offers margin trading capability. Webull does, and its rates vary from 3.99% to 6.99%.

Winner: Webull


Miscellaneous Services


Banking Tools: A linked Chase Bank account makes moving funds in and out of a J.P. Morgan Investing account quick and easy. Webull offers no deposit accounts at all.

IPO Availability: Webull, but not J.P. Morgan Investing, provides free access to imminent IPOs.

Fractional-share Trading: Webull is the lone brokerage firm in this investigation to provide trading in partial shares of stocks and ETFs.

IRAs: Available at both firms.

Dividend Reinvestment Program: Webull still has not rolled out a DRIP service. J.P. Morgan Investing has.

Extended Hours: Webull has pre-market and after-hours trading sessions. J.P. Morgan Investing does not.

Automatic Mutual Fund Investing: It’s possible to establish recurring purchases of mutual funds inside a J.P. Morgan Self-Directed Investing account.

Winner: Tie


Recommendations


Small Accounts: Neither brokerage house imposes any minimums on self-directed accounts.

IRAs: Educational articles covering retirement issues give J.P. Morgan a slight edge over its rival here.

Mutual Fund Trading: The only option here is J.P. Morgan Self-Directed Investing.

Stock/ETF Trading: Webull has much better software and trade recommendations.

Beginners: J.P. Morgan Automated Investing would be a good bet for novices, and educational resources from the same company would be advantageous as well. Webull’s simulated trading would be a great way to practice self-directed trading, too.



Promotions


WeBull: Get 2 FREE stocks valued up to $1,850.

JP Morgan: Commission-free online stock, ETF, and options trades.




Webull vs JP Morgan Judgement


J.P. Morgan Investing, either in automated or self-directed mode, would be a good choice for Chase Bank customers because opening a securities account and funding it is quick and easy. But the most advanced trading experience will be found at Webull.