J.P. Morgan Chase Investment Referral Bonus: Refer a Friend Program in 2022


J.P. Morgan Self-Directed Investing friend referral bonus program offer code for a recommended friend or family member to open a new brokerage account


J.P. Morgan Chase Friend Referral Bonus


JP Morgan Chase brokerage doesn't offer a friend referral bonus program right now. They do, however, offer up to a $625 cash bonus when you open a brokerage account and make a deposit.

If you want to be rewarded with free stocks valued up to $30,600 for referring clients to a brokerage, use Webull's referral program instead.


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Is JP Morgan Investing Safe?


Have you ever thought about opening a brokerage account with JP Morgan self-directed investing? Perhaps you’re curious about JP Morgan self-directed investing’s credibility and security? If so, read on, as we’ve done the research and have the answers!


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Who owns JP Morgan?


JP Morgan Chase & Co. is the result of many different financial institutions coming together, with origins dating back to 1799. In 2000, JP Morgan & Co. merged with Chase Manhattan to create JP Morgan Chase & Co.

A publicly traded company (NYSE ticker: JPM), top JPMorgan Chase shareholders include Jamie Dimon (CEO), Mary Callahan Erdoes (CEO of Asset & Wealth Management), Daniel Pinto (COO), Vanguard Group Inc., BlackRock Inc., and State Street Corp. JP Morgan Chase & Co. offers consumer and commercial banking and credit services, investment banking, insurance products, and general financial asset management.

According to FINRA’s BrokerCheck site, current executive officers of JP Morgan Securities LLC include Jason Edwin Sippel (CEO), Jeremy S. Bell (CCO), James Michael Collins (CFO), Patrick Paul Dempsey (Treasurer), and Roger Klion (COO).


Overview


JP Morgan’s self-directed investing offers unlimited commission-free online trades, a wide range of stocks, ETFs, fixed income, mutual funds, and options, as well as screening and watchlist tools.

Compared to other commission-free services (such as Robinhood), JP Morgan self-directed investing offers a greater variety of tools for investors.

Trading can also be done through the Chase Mobile app, which has been ranked by JD Power as #1 in customer satisfaction for wealth management mobile apps.


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Is JP Morgan self-directed investing legitimate?


JP Morgan Securities LLC is registered as a brokerage firm with FINRA (New York district office) and its CRD# is 79. JP Morgan Securities LLC is registered with the SEC, 25 self-regulatory organizations, and all 53 U.S. states and territories. JP Morgan Securities LLC has 343 regulatory events, 8 civil events, and 139 arbitration events disclosed.

JP Morgan self-directed investing is a legitimate online broker dealer, and JP Morgan Chase & Co. is one of the world’s largest financial companies with over $3.4 trillion in assets.


Is JP Morgan self-directed investing secure/insured?


JP Morgan Securities LLC is registered with and regulated by SEC. JP Morgan Securities LLC is also an SIPC member, meaning that customers are insured up to $250,000.

In terms of digital security, such as encryption, JP Morgan uses 128-bit encryption to assure, as its website says, “the highest level of commercially available security for your financial transactions.”


Is JP Morgan accredited by the Better Business Bureau?


No, JP Morgan Chase & Co. is not accredited by the Better Business Bureau (BBB). To gain this accreditation, businesses must apply, and it is likely that JP Morgan Chase & Co. has not applied.

Nonetheless, JP Morgan Chase & Co. currently maintains an A- rating on the BBB website. It has a poor rating from customers, but it should be noted that this is typical on the BBB site because people who leave reviews there are almost always making a complaint.


Wrapping up: is JP Morgan self-directed investing safe?


JP Morgan self-directed investing is definitely safe as your money is insured and protected both physically and digitally.

If you are looking for a low-cost broker dealer with top security and a long history in the financial world, JP Morgan self-directed investing may be a good option for you. It will appeal to beginning investors as it’s easy to use, commission-free, and there are no account minimums. It may not appeal to more advanced investors, on the other hand, due to its limited tools and research compared to some other broker dealers.

Ultimately, if you begin investing with JP Morgan self-directed investing, you can rest assured that your money is as safe with them as with other broker-dealers, and perhaps even more so due to the size and stability that JP Morgan Chase & Co. offer as one of the world’s largest financial institutions.


Disclaimer


INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE


Updated on 8/25/2022.


About the Author
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.