J.P. Morgan Chase Brokerage Rating

Chase Brokerage Review (Investment Account) 2024


Chase Brokerage Review


Chase Bank’s brokerage service, J.P. Morgan Investing, provides affordable investment options to compete with other firms. While it succeeds in some areas, it falls short in others. Here’s a detailed overview:


JPM Investing Pricing and Minimum Deposit


InvestmentsCommissions
Stocks and ETFs $0
Options $0.65 per contract
Mutual funds $0
U.S. treasury bills, notes and bonds $0
New Issues (corporate bonds, municipal bonds, government agency bonds, brokered CDS) $0
Secondary Markets (corporate bonds, municipal bonds, government agency bonds, brokered CDS) $10.00 / Trade + $1.00 / Bond Over
10 Bonds ($250 Maximum)

Investments stocks, mutual funds, options, bonds, ETFs
J.P. Morgan Chase minimum deposit to open account $0 for cash account, $2,000 for margin accounts
FeesChase brokerage fees


Bulls Rave About


Zero commissions. This applies to more than just stocks and ETFs—there are no transaction fees for mutual funds either.

Account linking. A single login connects all your accounts.


Bears Rave About


Lack of cash management tools. This is unexpected, given its connection to the J.P. Morgan group.

No robo option. The robo-advisor service has been discontinued.

Outdated software. An upgrade is overdue.


Chase Brokerage Investments


JP Morgan Chase Investments Rating

Chase brokerage accounts have no minimum deposit requirement and come with no account fees. They offer a variety of investments, including ETFs, mutual funds, stocks, options, and bonds.

Most trades are commission-free, though options have a 65-cent per-contract fee. Some secondary market bonds cost $1 per bond with a $10 minimum commission. Mutual funds come with no loads or transaction fees.

There are no flat annual fees, and both individual and joint accounts are available.

J.P. Morgan Investing does not offer annuities, futures, forex, crypto, or international assets. Some account types, like trusts and custodial accounts, are also not available.


Retirement Choices


JP Morgan Chase IRA Rating

In addition to regular accounts, J.P. Morgan offers Individual Retirement Accounts (IRAs), with just two options: Roth and traditional. There are no small business plans like SEP or SIMPLE accounts. Minor and inherited IRAs are not offered either.

Investors have access to target-date mutual funds from companies like Fidelity and T. Rowe Price. On the mutual fund screener page, we found 202 target-date funds available.

Closing an IRA account comes with a $75 fee.


Margin Borrowing


JP Morgan Chase Margin Rating

J.P. Morgan Investing offers margin accounts with tiered interest rates:

Debit Balance JP Morgan Margin Rates
$0.01 - $4,999 12.75%
$5,000 - $9,999 12.75%
$10,000 - $24,999 12.75%
$25,000 - $49,999 12.5%
$50,000 - $99,999 12%
$100,000 - $499,999 11.75%
$500,000 - $999,999 11%
$1,000,001 - $3,000,000 10.5%


Banking Tools


JP Morgan Chase Cash Management Rating

One of J.P. Morgan Investing’s weaknesses is cash management. Despite being part of a large banking group, the brokerage does not offer checkwriting or debit cards, making it less competitive than other brokers.

The website offers an ACH transfer tool that allows scheduled transfers, which is a helpful feature.

Thanks to its connection with Chase Bank, brokerage accounts are automatically linked to Chase checking or savings accounts. However, Chase’s deposit accounts come with fees, unlike many brokers that offer free cash management tools.


chase brokerage account review


Website


JP Morgan Chase Trading Rating

The website is easy to use, but it lacks advanced trading tools.

The Accounts tab is the place to manage multiple accounts, including deposit accounts, credit cards, and brokerage accounts. Here, you can also view things like credit card rewards points and company policies related to COVID-19.

The Investments tab contains all the brokerage functions. Clicking it opens a drop-down menu with several options, including various order forms for placing trades.

The order form for stocks provides four trade types: market, limit, stop, and stop limit. Limit orders allow five timing options, such as placing trades at market open or close.

Charts on the J.P. Morgan Investing site are simple. Each security’s profile shows a basic line chart with no tools, but you can view up to 30 years of price history.

A small expand icon on the chart brings up more features. These include about 50 technical indicators, 10 drawing tools, and 8 plot styles. The “dot” style is the most unique.

The website offers a watchlist, but there are no alerts available.


chase brokerage account


Mobile App


JP Morgan Chase Brokerage App Rating

Like the website, the J.P. Morgan Investing app also serves Chase Bank users. This makes it easy to access multiple accounts with a single login. Apple users can log in with Touch ID.

Once inside the app, you’ll see two tabs—one for business and one for personal accounts. All brokerage accounts are categorized under personal accounts.

The app offers several features, including Zelle transfers and mobile check deposits, though these only work with Chase bank accounts.

The investment order forms are identical to those on the website, with the same order types and timing options. Asset profiles also have the same layout and data.

A downside is that charts can’t be rotated horizontally. Even so, the app still offers basic charting tools.

The watchlist syncs with the website, allowing you to track your investments across both platforms. You can edit and customize the watchlist from the app.


chase investment account review


Other Software


JP Morgan Options Trading Rating

J.P. Morgan Investing doesn’t offer a desktop platform, smartwatch app, or a web-based trading platform.


Options Trading


JP Morgan Options Trading Rating

You can trade call and put options on both the website and mobile app. However, the platforms only support single-leg orders, so multi-leg strategies are not available.

The software also lacks advanced tools like options screeners, profit-loss diagrams, volatility calculators, or Greek metrics.

To place an options trade on the website, click the Investments tab, then select Options under the Trade section. Enter the ticker symbol and trade details, such as whether you want to buy or sell to open a position.

You can also access option chains from a security’s profile by clicking the “Options” link at the top-right corner. Clicking on a bid, ask, or mid price opens an order form.

On the app, there is no dedicated Investments tab, so the second method is the way to trade options. The process is the same—just tap instead of click.


Chase Brokerage Commissions and Fees


JP Morgan Chase Pricing Rating

J.P. Morgan Investing offers free trades on stocks, ETFs, and mutual funds. Options trades cost 65 cents per contract.

There are no fees for U.S. Treasury securities, but secondary market bonds cost $1 per bond, with a $10 minimum and a $250 maximum.

There is a $75 fee to transfer or close a retirement account. However, there are no annual fees.


Customer Support


JP Morgan Chase Brokerage Customer Rating

Chase brokerage clients can contact customer service by phone from 8:00 am to 9:00 pm EST on weekdays. The phone number is (800) 392-5749.

Some branches support J.P. Morgan Wealth Management, but they don’t handle J.P. Morgan Investing accounts. They can only answer general questions.

The website and mobile app offer an internal messaging tool for 24/7 communication, though neither has a live chat feature.


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Find a Financial Advisor


If you are looking for a professional money management service in your area, you can find a Financial Advisor on the Wiser Advisor (or read Wiser Advisor review).

Visit Wiser Advisor


Mutual and Exchange Traded Funds


JP Morgan Chase Brokerage Mutual Funds Rating

Both the website and mobile app provide tools to search for ETFs and mutual funds. The filters are the same on both platforms. Some available filters include:

- Morningstar style boxes and ratings
- Fees and management
- Return history
- 30-day SEC yield
- Fund family
- Socially-responsible fund

It’s easy to browse through the search results on both platforms. You can sort the results using the original search criteria or other built-in options, like net expense ratio and fund category.

Fund profiles offer a good amount of detail. Mutual fund profiles feature graphs that switch between NAV history and the growth of $10,000 over time.

Morningstar ratings and style boxes are provided, but there are no ratings from other sources like Lipper. Also, research reports are not included.

Return histories are displayed in bar charts, with both unadjusted and load-adjusted views. Other key details, such as the expense ratio and dividend yield, are also available.

Portfolio breakdowns are presented in pie charts, with information on geographical exposure and the top 10 holdings.

J.P. Morgan offers access to 3,043 mutual funds, all with zero load and no transaction fees.


jp morgan chase brokerage account


Research and Education


JP Morgan Chase Investment Research Rating

While security profiles don’t offer as much information as we’d like, J.P. Morgan Investing places a strong focus on education. Both the website and app provide many articles and news updates on various financial topics. You’ll find these materials under the Research section in the Investments tab on the website. On the mobile app, there’s a dedicated Research tab near the Portfolio tab.

Here are some articles we came across during our review:

- What can investors do about rising inflation?
- The Fed has spoken – but what did investors hear?
- A recession in the near-term is possible, but not probable. Here’s why.
- How to think about market volatility
- Is it better for married couples to file taxes jointly or separately?

There are also videos with transcripts covering topics like retirement planning and avoiding financial fraud. Educational videos include:

- How to diversify
- What are IRAs and 401(k)s?
- What's the stock market?

J.P. Morgan Investing also sends out e-newsletters. Signing up for them is quick and easy on their enrollment page.


Miscellaneous Services


JP Morgan Chase Investment Research Rating

Fractional Shares: Only whole shares can be traded, except for mutual funds.

DRIP Availability: Dividend reinvesting is offered at no extra cost.

Initial Public Offerings: IPOs are not available through J.P. Morgan Investing.

Extended Hours Trading: Trades can only be placed during regular market hours.

Periodic Mutual Fund Investing: Recurring mutual fund purchases can be set to run automatically.


Our Recommendations


Long-Term Investors and Retirement Savers: J.P. Morgan offers a solid selection of target-date mutual funds. However, with only two IRA options, it falls short. Charles Schwab offers more comprehensive services.

Beginning Investors: We suggest exploring other options like Firstrade.

Small Accounts: J.P. Morgan Investing is appealing due to its lack of fees.

Mutual Funds: While J.P. Morgan offers around 3,000 mutual funds, Firstrade offers over 11,000, many of which are no-load and fee-free.

Active ETF and Stock Trading: J.P. Morgan’s lack of advanced trading tools makes it less suitable for active traders. We prefer Webull for its desktop platform, fractional shares, and no-fee option trades.


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JP Morgan Chase Brokerage Review Recap


J.P. Morgan Investing offers affordable accounts but lacks advanced features. It falls behind smaller companies that provide a wider range of services.


Updated on 10/29/2024.


About the Author
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.