J.P. Morgan Self-Directed Investing doesn’t charge commissions. It offers a highly integrated app that makes it a solid selection for individuals who want trade their own investments.
J.P. Morgan Self-Directed Investing – This platform is perfect for beginners learning how to buy and to sell investments. Advanced investors might find it lacking in terms assets and tools.
Pros & Cons
- Easy-to-use platform.
- $0 commissions.
- App connects to all Chase accounts
- No minimum account.
- You have limited tools and resources for research.
- Portfolio Builder tool requires $2,500 balance.
J.P. Morgan Self – Directed shines
Easy to use platform: This is an easy way to invest in stocks and manage your portfolio.
App connects Chase accounts: This app allows you to view all Chase accounts, from checking out to investing, in one place.
No minimum account amount: There’s no minimum account. You can start saving or investing with any amount you like.
J.P. Morgan self-directed falls short
Limited range of tools and resources: While the data and research is from highly-quality sources, such as Morningstar or J.P. Morgan, as well as global investment researchers CFRA, J.P. Morgan Self-Directed Investing may not offer as broad a selection as other brokers.
Portfolio Builder tool will require $2,500 balance
J.P. Morgan Self-Directed is perfect for:
- Mobile users.
- New investors
- Trading is completely free.
- Chase customers that are currently in business
More information about J.P. Morgan Self-Directed’s ratings
Minimum account: 5 stars
J.P. Morgan Self-Directed Investing is available with a $0 minimum account. This means that any amount you’ve saved enough can be invested. J.P. Morgan explains that you can put as little as $1 into mutual funds, with no transaction charges.
Portfolio Builder is a great tool for Self-Directed Investing. For you to use it, however, you will need at minimum $2,500 in your account. This tool is described below.
Stock trading costs 5 out of 5 stars
J.P. Morgan Self-Directed Investing charges no commission for either buying or selling stocks. This is now a common practice, however it was not so long ago that purchasing stocks meant paying commissions on every trade. The decline in stock commissions probably played a role in the dramatic increase in retail trading activity which started in 2020 and continues until today.
Options trades: 5 out of 5 stars
J.P. Morgan Self-Directed Investing options pricing is very standard. There won’t be a per-trade Commission, just like in stock trading. You will still pay $0.65 per agreement. (Options are generally grouped into options that consist of 100 shares or more of the underlying Stock.
Account fees: 3.5% of 5 stars
The $75 account transfer fee applies regardless of whether the transaction is a complete account closure or a partial transfer of securities. Fidelity and Vanguard don’t require this fee. However it is common to see $50 to $75 for some brokers.
4 out 5 stars: No-transaction-fee mutual fund
J.P. Morgan Self-Directed Investing is home to more than 3,000 mutual funds with no transaction fees. It’s easy to find a mutual fund that matches your investment goals without having to pay a transaction fee.
Tradable securities: 3 of 5 stars
Self-Directed Investing could be a great choice for beginners. However, advanced investors may not find the offerings as appealing. Self-Directed Investing cannot be used for futures and forex trading. Also, fractional shares are not available. This is a new option from brokers that allows investors a smaller share of a stock to avoid the full price.
2. Crypto availability is 2 out of 5.
J.P. Morgan Self-Directed Investing offers no direct access to cryptocurrencies. However investors can purchase products that track price movements of some of largest cryptocurrencies, such the Grayscale Bitcoin Trust.
Trading platform 4 out of 5 stars
Existing Chase customers won’t need another app to access Self directed Investing accounts. All of Self-Directed Investing offers are available through the Chase mobile App. This app lets users research, trade, and manage investments. It also allows them to access any other Chase accounts (such as credit cards, bank accounts, etc.
You can still open a Self directed Investing account even though you are not a Chase Bank customer.
A new investor may feel overwhelmed by the prospect of building a complete portfolio from scratch. The Self-Directed investing Portfolio Builder tool makes it easy and less intimidating.
The Portfolio Builder tool allows you to take a short quiz which determines how your assets should allocate based on risk tolerance and your goals. The Asset Allocation can then be used to help you choose, compare, and manage investments. While Self Directed Investing accounts offer investors access to other types of investments, such as mutual funds and bonds; the Portfolio Builder tool allows traders to select and trade ETFs and stocks.
Mobile app 5 out 5 stars
Chase customers can integrate their various Chase financial products using the mobile app, including checking and savings, credit cards, investments, and credit cards. The app lets users trade stocks, bonds or mutual funds as well as ETFs, ETFs, and charting tools. Screeners, J.P. Morgan research, stock watches lists, and access charts are all available through the app.
Research and data: Three out of five stars
The Portfolio Builder tool can be helpful for beginner investors. But, experienced investors might miss the extensive suite of tools that can help them plan, analyze, and conduct research. Investors have access J.P. Morgan equity and Morningstar analysis reports, which are likely sufficient for most Self Directed Investing users. However, there aren’t many third-party resources as available as brokers.
Customer support options are 4 out 5 stars
J.P. Morgan customer assistance is available Monday-Friday from 8 a.m.-9.pm. Eastern, and on Saturdays from 9 AM-5 PM. Facebook and Twitter can be used to contact customers Monday through Friday at 7 a.m. Eastern. On Saturdays and Sundays, users can reach out from 10 a.m. until 7 p.m. Eastern. J.P. Morgan provides in-office visits for those who prefer to speak to someone face-to-face during branch hours.
Is J.P. Morgan right for you?
J.P. Morgan Self Directed Investors is a good option for someone looking for a basic brokerage that will teach them how to build a portfolio. There won’t be any distractions in your learning process.
Our review of the Interactive Brokers will show you similar options.