J.P. Morgan Self-Directed Investing Review
Richard Montana | November 17, 2022
J.P. Morgan can provide you with self-directed investing and managed portfolios that have very competitive fees. You can choose to trade on your own or invest with their robo-advisor service. With J.P. Morgan Self-Directed Investing (formerly Chase You Invest) you can make unlimited $0 commission-free online trades in U.S. listed stocks, Exchange-Traded Funds (ETFs), and options, securely through the intuitive Chase Mobile app or at Chase.com. With J.P. Morgan Automated Investing, you get professionally designed, low-cost portfolios, dynamically adjusted with our technology. Advisory fees start as low as 15¢/month when you invest $500. In this review, we will take a look at both services to try and determine if they can help you reach your financial goals.
Pros & Cons
- Choose from a wide range of stocks, ETFs, fixed income, mutual funds, and options
- Make unlimited $0 commission-free online trades
- Professionally designed portfolios, adjusted automatically by J.P. Morgan Automated Investing
- No minimum deposit for self-directed investing
- Modern and easy to use platforms for web and mobile
- Access secure, easy-to-use trading experience online or through the Chase Mobile app
- Get J.P. Morgan's exclusive commentary and news delivered to your inbox
- Personalized financial strategies built for you and your goals
- Limited range of asset classes
- No online payment processors
- Telephone support only
- USA clients only
J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. They combine the knowledge and experience, with a broad range of products and services, to provide the foundation which can help you with your investment goals.
J.P. Morgan gives existing Chase bank and non-Chase bank clients an easy and competitively priced way for the online trading of stocks, exchange-traded funds (ETFs), mutual funds, bonds and more. They offer you self-directed brokerage (via You Invest Trade) and investment advisory services (via You Invest Portfolios). You can seamlessly manage your finances on one dashboard, with a comprehensive view of your J.P. Morgan, Chase, and external accounts. Whether you choose to work with an advisor and develop a financial strategy or invest online, J.P. Morgan offers insights, expertise and tools to help you reach your goals.
One of the most important things to consider when choosing a broker is if they are regulated or not. I would always prefer to use a brokerage firm that is regulated in the countries in which they operate. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member of FINRA and SIPC. I consider this top-tier regulation and thus wouldn’t have any problems entrusting them with my funds.
J.P. Morgan is a leader in financial services, offering solutions to clients with one of the most comprehensive global product platforms available. They have been helping clients to do business and manage their wealth for more than 200 years. Their business has been built upon the core principle of putting clients’ interests first.
FINRA enables you to participate in the market with confidence by safeguarding your integrity. It is a non-governmental organisation that regulates member brokerage firms and exchange markets. The SIPC is an investor protection scheme established in order to protect you against the loss of cash and securities in case a company cannot fulfil their financial obligations. The SIPC protection is limited to $500,000 with a $250,000 limit for cash. I recommend visiting their website for the terms and conditions.
J.P. Morgan Self-Directed Investing has a very easy to use web platform and modern investment app for you to conveniently manage your banking and investment accounts all in one place. You can research, trade and manage investments online via Chase.com and the Chase Mobile app for Android and iOS devices. I like how the platforms are flexible which allows for trading and managing your account whilst on the go from anywhere in the world provided you have an internet connection. I found the interface to be sleek and easy to navigate, with everything at your fingertips and just a click away. J.P. Morgan online investing provides an easy, smart and low-cost way to invest online.
- Manage via web browsers and mobile app at any time from any place
- Trade thousands of securities
- Access to tools to help with trading decisions
- Access to market insights and education from J.P. Morgan
- Portfolio builder to help diversify your investments
- Make account deposits and withdrawals
I found some excellent tools available that can be very helpful when it comes to planning your investment strategy. From the Portfolio Builder to screeners and watchlists, J.P. Morgan make it easy to build diversified portfolios according to your own preferences. They have the tools and resources to help you take control of your investments. You can easily monitor your investments as often as you like using performance-tracking charts and tools.
Get personalized news and take advantage of J.P. Morgan Research and market analysis to make informed investment decisions.
Use the Portfolio Builder tool to design your own target allocation, fine-tune your investments and place your trades.
You can get easy access to custom watchlists to track stock performance over time. This is a great way to keep tabs on your favourite stocks.
Use stock, mutual fund, and ETF screeners to help you easily choose investments that fit your priorities right from your mobile device. This found this to be a great way to discover prospective investments.
J.P. Morgan Self-Directed Investing have some high-quality tools and expertise that can be used to assist traders with making informed online investment decisions. I like how there is an area of the website that is dedicated to learning and market insights. You will find detailed articles and videos covering a range of topics suitable for all levels of investors, including trading strategies, money management, platforms, market analysis, trading jargon and more. It is a great way to get relevant tips and viewpoints to help you make smart investment decisions, powered by the expertise of J.P. Morgan. You can also subscribe for market insights with J.P. Morgan’s exclusive commentary and news delivered to your inbox.
J.P. Morgan Self-Directed Investing has a limited product portfolio when compared to many other brokers that I have reviewed, such as IG. They provide you with online trading on stocks, exchange-traded funds (ETFs), mutual funds, bonds and options.
- Stocks & ETFs: At J.P. Morgan Self-Directed Investing, clients can trade around 5,000 stocks and 2,000 ETFs. The available stocks and ETFs are traded only on major US stock exchanges.
- Mutual Funds: J.P. Morgan Self-Directed Investing offers around 3,300 mutual funds from 60 different fund providers.
- Bonds & Options: The selection is generally good, with some of the more popular options available.
Commission-free online trades apply to trading in U.S. listed stocks, Exchange-Traded Funds (ETFs), and options. Option trades are subject to a $0.65 per-contract fee. Sales are subject to a regulatory transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning certain investments, including mutual funds and ETFs. Offer terms and pricing are subject to change and/or termination. Other fees and restrictions (including account types) apply. You can see the latest up to date information on the Chase.com website.
There is a variety of investing account types to choose from according to your individual investing needs. They have account options whether you want total control or could use a little help. If you are undecided and not too sure what account works best for you, there is a questionnaire on the website that can help you make the right decision according to your needs.
This is an individual or joint brokerage account that has no trade or balance minimums. Brokerage account holders can research, trade and manage investments with 24/7 access to online tools and a wide range of investments. Includes commission-free online stock and ETF trades. They make it quick and easy to search by symbol and customize your portfolio.
With this account you answer a few questions and you will get a portfolio according to your requirements that is managed for you. The portfolios are designed and managed with the expertise and technology of J.P. Morgan. An initial minimum deposit of $500 and a minimum balance of $250 is required to maintain a J.P. Morgan Automated Investing account. The initial minimum deposit amount must be made within 60 days. I like how you can choose a portfolio with risk profiles ranging from conservative to aggressive.
Traditional IRA / Roth IRA
You can contribute funds that may be tax-deductible and plan to pay taxes on your withdrawals in retirement. If eligible, contribute after-tax dollars now, and get tax-free withdrawals on qualified distributions later.
Customer service is limited to telephone Monday to Friday from 8 AM to 9 PM and Saturday from 9 AM to 5 PM ET. You can also visit any one of the local branches throughout the United States. Despite the prompt and efficient responses from the telephone support team, I would’ve really appreciated it if they offered live web chat support and email. However, you can get a free investment check-up to make sure you’re on track to meet your financial goals. A J.P. Morgan Advisor works with you to understand you and your family’s goals to help create a customized strategy to help you plan for tomorrow, today.
J.P. Morgan Self-Directed Investing support wire transfer for account funding. Clients can also transfer investments from an investment account such as stocks, ETFs, mutual funds or fixed income. I would find it so much more conveniet if they offered credit/debit card funding and other online payment processors.
There may be some additional fees charged when making deposits or withdrawals. The processing time can also vary depending on the financial institution. Bank transfers may take a few business days to clear. Accounts can only be opened in USD currency. This means that currency conversion fees can apply if you are not funding in this currency.
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I think J.P. Morgan have a good range of self-directed and automated investing services for everyone. They are listed on the stock exchange and regulated which gives me peace of mind. I like how the platforms are easy to use and they have some very good analysis tools along with educational content to help you make informed decisions. They have competitive trading fees on multiple assets classes but the financial instruments are slightly limited when compared to competitors such as Robinhood. Funding is also restricted to bank transfer or external securities transfer. Despite these minor niggles, it is relatively easy to open an account although their brokerage services are restricted to the United States. If you are located outside of the USA, please feel free to browse our broker reviews for some alternatives. Otherwise, they can be a solid option for anyone looking to trade and invest manually or using robo-advisors.