Chase Brokerage Review
Chase Bank’s brokerage service, known as J.P. Morgan Investing, provides low-cost brokerage
accounts that aim to compete with other online brokers. In some areas it holds up well,
while in others it falls short. Here’s a closer look:
JPM Investing Pricing and Minimum Deposit
| Investments | Commissions |
|---|
| 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 |
| Minimum deposit to open an account | $0 for cash account, $2,000 for margin accounts |
| Fees | Chase brokerage fees |
Bulls Rave About
Zero commissions. It’s not limited to just stocks and ETFs. Many mutual funds can be traded with no transaction fee.
Account linking. Everything can be accessed with a single sign-in.
Bears Rave About
Limited cash tools. This is surprising given the company’s deep banking footprint.
No robo option. The robo-advisor service has been discontinued.
Basic software. Some parts of the experience feel dated and could use an upgrade.
Chase Brokerage Investments
Chase brokerage accounts generally have no minimum opening deposit and no ongoing account fees. The product lineup also includes more than just exchange-traded funds. Investors can trade stocks, ETFs, mutual funds, options, and certain types of fixed income.
Most online trades are commission-free, although some costs still apply in specific cases. Options trades carry a $0.65 per-contract charge, and certain bond trades may include pricing charges depending on the security and how it’s traded. Many mutual funds offered through J.P. Morgan Investing are no-load and available with no transaction fee.
There are no annual platform fees on the account. Both individual and joint accounts can be opened.
J.P. Morgan Investing does not support every product category. For example, futures and forex are not part of the lineup, and some account types and features may not be available depending on the account and service model.
Retirement Choices
In addition to taxable accounts, J.P. Morgan offers retirement accounts. Depending on availability, these may include Roth, traditional, and other IRA formats. Some retirement-plan types may still be limited compared with what specialist brokers provide.
Investors will find target-date mutual funds from multiple fund families, including Fidelity and T. Rowe Price. On the mutual fund screener page, there is a tile for target-date funds. During our research, we clicked on this tile and received a list of 202 target-date funds.
J.P. Morgan Investing charges $75 to close an IRA.
Margin Borrowing
J.P. Morgan Investing does offer margin accounts. Their margin rates are tiered:
|
Debit Balance
|
JP Morgan Margin Rates
|
|
$0.01 - $4,999
|
11.5%
|
|
$5,000 - $9,999
|
11.5%
|
|
$10,000 - $24,999
|
11.5%
|
|
$25,000 - $49,999
|
11.25%
|
|
$50,000 - $99,999
|
10.75%
|
|
$100,000 - $499,999
|
10.5%
|
|
$500,000 - $999,999
|
9.75%
|
|
$1,000,001 - $3,000,000
|
9.25%
|
Banking Tools
One weakness at J.P. Morgan Investing is the limited set of brokerage-style cash features. While the company is known for banking, the investing account itself does not come with typical brokerage perks like checkwriting or a debit card, which puts it behind many competitors.
The J.P. Morgan Investing website, which is the same site that Chase Bank customers use, does include an ACH transfer tool. It can also be used to schedule recurring transfers, which is one of the stronger points in this category.
Because Chase Bank and J.P. Morgan Investing are closely connected, a Chase checking or savings account can be linked on the website for moving money between accounts. This is often automatic, so there’s little setup required. The downside is that Chase deposit accounts can still come with fees, while many brokerage firms have moved away from fees on comparable cash-management products.
Website
The website is straightforward to navigate, although the trading experience is not as advanced as what top active-trader platforms provide.
The Accounts tab is a good starting point if you have multiple relationships with the company. Checking, savings, credit cards, and brokerage accounts can all appear here in one place. We also found general account updates and notices posted in this area.
The Investments tab is where the brokerage features live. Selecting the tab opens a drop-down with multiple choices. Under the Trade section, several order tickets are available.
For stock and ETF trading, the order ticket offers four trade types (market, limit, stop, and stop limit). Limit orders include multiple duration choices, including options like “on the open” or “on the close.”
Charts on the site are fairly simple on the default view. A security’s chart appears in a single line format with no tools in the basic layout. Long-term history can still be displayed.
Next to the timeframe choices, there is an expand icon. This opens a more advanced charting page with multiple widgets, including technical indicators (about 50), drawing tools (about 10), and eight chart styles. Dot is one of the more unusual formats available.
The website includes a watchlist, although we did not find alert tools.
Mobile App
Like the website, J.P. Morgan Investing uses the same mobile app that Chase Bank customers use. This is convenient because multiple accounts can be managed with one login. Touch ID is supported on Apple devices.
After signing in, the app separates accounts into business and personal. Since J.P. Morgan Investing accounts are personal, the brokerage tools will be on the personal side.
The personal side also includes helpful banking tools. Zelle transfers are available (from bank accounts only). There is also a mobile check deposit tool, and it is limited to Chase bank accounts.
For investing, the trade ticket matches what appears on the website with the same order types and duration choices. Asset pages mirror the web experience as well, including similar layouts, data, and graphics.
A chart cannot be displayed horizontally, which we view as a notable drawback. Even so, some chart functions can still be used on the mobile view.
The watchlist from the website is also available on the mobile app, synced with the same positions. It’s possible to edit the watchlist and adjust how it displays.
Other Software
J.P. Morgan Investing does not offer a dedicated desktop platform or a smartwatch app, and most activity is handled through the website and mobile experience.
Options Trading
Call and put contracts can be traded on both the website and the mobile app. However, multi-leg strategies are not built into the order flow, and custom strategy builders are not available. The platform largely focuses on single-leg options orders.
The platform also lacks many advanced options analytics. In our testing, we did not see profit/loss diagrams, an options screener, a volatility calculator, Greek data displays, or other pro-level options tools.
To place an options trade on the website, click on the Investments tab in the top menu and then select Options underneath the Trade section. This opens the options order ticket. Enter the ticker and then set the order details, such as buy to open or sell to open.
It’s also possible to view option chains from a security profile on the website. Click the Options chain link (in the upper-right area). Selecting a bid, ask, or mid price opens a drop-down menu for placing or closing an order.
On the mobile app, there is no Investments tab, so the profile-based method is the primary way options contracts are traded. Tap instead of click. The layout is similar.
Chase Brokerage Commissions and Fees
New accounts generally receive $0 online commissions on U.S.-listed stocks and ETFs. Options trades have
a $0.65 per-contract fee.
JP Morgan typically charges no trading fee for U.S. Treasury securities. For other fixed-income products, pricing may vary by product and how the trade is executed. On the secondary market for certain bonds, charges can apply and may include minimums and maximums.
JP Morgan charges $75 to transfer an
account or to close a retirement account. There are no annual fees.
Customer Support
Chase brokerage clients can reach a customer service associate over the phone during the week from 8:00 am until 9:00 pm, Eastern Standard Time. The phone number is (800) 392-5749.
Although there are some branch locations that service J.P. Morgan Wealth Management accounts, these offices do not work with J.P. Morgan Investing accounts. They could answer general questions about investing with the financial conglomerate, but that would be the extent of the service.
On the J.P. Morgan Investing website, there is an internal messaging widget, which obviously creates a method to reach out to the broker 24 hours a day. The mobile app has the same tool. There is no chat feature, however, on either platform.
Mutual and Exchange Traded Funds
Both the website and the mobile app include screeners for ETFs and mutual funds. The available filters are similar across both tools. Examples include:
- Morningstar style boxes and ratings
- Fees and management
- Return history
- 30-day SEC yield
- Fund family
- Socially-responsible fund
Scrolling through results is smooth on either platform. Results can be sorted using the original filters selected and by other preset choices, including net expense ratio and fund category.
Fund profiles provide a reasonable amount of data. Mutual fund pages include graphs that can toggle between NAV history and growth of $10,000.
Morningstar style boxes and ratings are displayed. However, we did not see additional third-party ratings from groups like Lipper, and we did not find research reports, either.
Return histories are shown in bar-chart format, and other fund data, such as expense ratio and dividend yield, is displayed as well.
Portfolio composition is shown with a pie chart and includes geographic details and top 10 holdings.
J.P. Morgan customers can access roughly 3,000 mutual funds, many of which are no-load and available with no
transaction fee.
Research and Education
Although security profiles don’t provide as much depth as we would like, J.P. Morgan Investing does place a noticeable focus on education. Both the website and mobile app include market news and investing articles across many topics. On the website, these are found underneath the Research section of the Investments tab. On the mobile app, there is a Research tab near the Portfolio tab.
Articles we found during our investigation include:
- 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) on multiple topics, including retirement planning and ways to reduce financial fraud risk. Additional general education videos include:
- How to diversify
- What are IRAs and 401(k)s?
- What's the stock market?
J.P. Morgan Investing also sends several e-newsletters, and enrollment can be completed online.
Miscellaneous Services
Fractional Shares: Fractional-share trading is available for eligible stocks and ETFs.
DRIP Availability: Dividend reinvesting is available at no charge.
Initial Public Offerings: IPO access is not offered through J.P. Morgan Investing.
Extended Hours Trading: Only regular market hours are available.
Periodic Mutual Fund Investing: Recurring mutual fund purchases can be scheduled.
Our Recommendations
Long-Term Investors and Retirement Savers: J.P. Morgan Investing offers a decent selection of
target-date mutual funds. Still, the retirement lineup may feel limited compared with larger brokers. We would go with
Charles Schwab, who has
all of the Chase has and much more.
Beginning Investors: There are several other options out there that we think
would be better, including
Robinhood.
Small Accounts: J.P. Morgan Investing is attractive due to the lack of fees.
Mutual Funds: With roughly 3,000 mutual funds, Chase brokerage underperforms
Firstrade, who has over
11,000 total funds, most have no load and all have no transaction fee.
Active ETF and Stock Trading: Without a truly strong active-trader platform, J.P. Morgan Investing doesn’t
quite seem up to the task. We like Charles Schwab
much better, who has an advanced desktop program and fractional-share trading.
Chase Brokerage Review Recap
J.P. Morgan Investing has rolled out low-cost brokerage accounts that cover the basics. Nevertheless, we
expect more from a financial giant, and it still lags smaller specialist brokers in multiple areas.
Updated on 2/26/2026.
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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