Summary

Recommended for beginners and buy-and-hold investors focusing on the US stock market

Chase You Invest is a  US-based discount broker released in 2018 by J.P. Morgan. The parent company, J.P. Morgan founded in 1985, is a US investment bank and is also listed on the New York Stock Exchange. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Chase You Invest is considered safe because the parent company has a long track record, is listed on the stock exchange, has a banking background, discloses its financials regularly and is regulated by top-tier regulators.

Overall Rating
4.5
Fees
4.7
Account opening
5.0
Deposit and withdrawal
2.1
Trading platform
3.0
Markets and products
2.1
Research
2.3
Customer service
3.5
Education
2.5

Chase You Invest pros and cons

Chase You Invest offers low trading fees, including commission-free mutual funds and 100 commission-free stock and ETF trades. The account opening is seamless, fully digital, and fast. Chase You Invest belongs to J.P. Morgan which holds a banking license and is listed on a stock exchange.

Chase You Invest is available only for US residents. The product portfolio is limited to stocks, ETFs, bonds and mutual funds. Lastly, the research tools are basic as the charting tools are limited, the recommendations and analytical tools are missing.

Pros Cons
Low trading fees Available only for US clients
Fast and fully digital account opening Limited product portfolio
Strong parent company Basic research tools
Chase You Invest main features and highlights
🗺️ Country of regulation USA
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Portfolio Builder
Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this review

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Chase You Invest review
Fees

4.7
Chase You Invest has low trading fees and low non-trading fees and you can also trade with mutual funds for free.
Pros Cons
Low trading fees None
Low non-trading fees
Low stock and ETF fees
Chase You Invest fees snapshot
Assets Fee level Fee terms
US stock Low $2.95 per trade, first 100 US-based stock trade is commission-free
EURUSD - Not available
Mutual fund Low $0 per trade
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked Chase You Invest's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

In the sections below, you will find the most relevant fees of Chase You Invest for each asset class. For example, in the case of stock investing, commissions are the most important fees.

We also compared Chase You Invest's fees with those of two similar brokers we selected, Robinhood and Interactive Brokers. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Chase You Invest alternatives.

To have a clear overview of Chase You Invest, let's start with the trading fees.

Chase You Invest trading fees

Chase You Invest trading fees are low for all asset classes. 

J.P. Morgan launched Chase You Invest in 2018 as a commission-free service. For this reason mutual funds are completely commission-free and US-based stocks and ETFs are also free for up to 100 trades in the first year. The bonds have fees, but they are very low.

If you compare the commission-free offers with Robinhood, you can see that Robinhood has zero commission for all asset classes and there is no time limit.

Stock fees and ETF fees

The commission Chase You Invest charges on stock and ETF trading is low compared to other brokers we tested. 

The already mentioned 100 commission-free trades are available for you as a new client for one year. If the one year or the 100 trades expire, a $2.95 commission per trade will be applied. In our review, we counted this commission level as it is the standard commission level after the first year.

There are some notable exceptions though. For example, you can have more commission-free trades:

  • if you are a customer of Chase Premier Plus Checking, you have 100 free trades each year, not only in the first
  • if you are a customer of Chase Sapphire Banking / Chase Private Client / J.P. Morgan Securities line of business / J.P. Morgan Private Bank, you have $0 commissions for all online trades, not limited to the quantity or the time
Chase You Invest stock and ETF commission of a $2,000 trade
  Chase You Invest Robinhood Interactive Brokers
US stock $3.0 $0.0 $1.0

Fund fees

Trading with mutual funds at Chase You Invest is free of charge. It is a superb and unlikely feature for a broker considering our experiences with other competitors. For instance, Robinhood doesn't offer mutual funds at all.

Chase You Invest commission for a $2,000 fund purchase
  Chase You Invest Robinhood Interactive Brokers
Mutual fund $0.0 - $15.0

Bond fees

Chase You Invest has generally low bond fees in comparison to other brokers we tested.

Chase You Invest commission of a $10,000 government bond trade
  Chase You Invest Robinhood Interactive Brokers
US Treasury bond $10.0 - $5.0

The bond fees are calculated as $1 per $1000 par value. There is also a $10 minimum and a $250 maximum.

Financing rates

You can't trade on margin, or in other words, you can't hold leveraged positions. Because of this, financing rates at Chase You Invest are not applicable.

Non-trading fees

Chase You Invest has low non-trading fees. No account fee or inactivity fee is charged.

An important note there is no withdrawal fee only if you have an account at Chase or use ACH transfer. The withdrawals to other banks using wire transfer cost $30. We tested Chase You Invest as a Chase client, so we had no withdrawal fee.

 

Chase You Invest non-trading fees
  Chase You Invest Robinhood Interactive Brokers
Account fee No No No
Inactivity fee No No Yes
Withdrawal fee $0 $0 $0

Chase You Invest review
Account opening

5.0
Account opening at Chase You Invest is seamless and fully digital, it took us one day to have an open account but only US clients are accepted.
Pros Cons
Fast Only for US clients
Fully digital
No minimum deposit

Can you open an account?

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At the time of our test, only US residents could open an account at Chase You Invest.

What is the minimum deposit at Chase You Invest?

The required Chase You Invest minimum deposit is $0This is ideal if you plan to invest in smaller amounts. Although, if you would like to use Portfolio Builder, you shall have a $2,500 minimum account balance 

Account types

Chase You Invest has 4 account types:

Chase You Invest - available Trade accounts
Account type Short  description
Individual brokerage account (IBA) Account is owned and used by a single individual.
Joint brokerage account (JBA)

Account is owned and used by two individuals.

Traditional IRA Retirement account that gives you tax advantages.
Roth Individual Retirement Account (IRA) Retirement account that gives you tax advantages.

We missed the corporate accounts at Chase You Invest.

In this review, we have tested the Individual Brokerage Account. The account opening process is different if you are already a client of Chase or J.P. Morgan. In our test, we used our already existing Chase checking account.

How to open your account

We really liked the fast and user-friendly process that was luckily fully digital. It took one day for us with the already existing Chase checking account, however, non-Chase clients are probably treated in the same way. This simplicity and speed are not usual for US brokers, for instance, the account opening at Interactive Brokers is very complicated.

So how does the process look like? At first, you have to go through a 6-step registration process which takes roughly 25 minutes. During this registration, some of the questions are related to your personal information and data, while others might test your trading knowledge. 

During this process, you have to verify your identity and residency by answering the followings:

  • You are at least 18 years old
  • Social Security Number
  • Driving license, ID or passport for identity check
  • Bank statement or utility bill for proof of residency

 

Chase You Invest review - Account opening

Chase You Invest review
Deposit and withdrawal

2.1
At Chase You Invest there is no deposit fee and transferring money is easy and user-friendly, but withdrawal can be improved. You can use only bank transfer and there is a high fee for wire withdrawals if you are a non-Chase client.
Pros Cons
No deposit fee Credit/Debit card not available
Quick deposit and withdrawal - within 3 days Only one account base currency
High wire withdrawal fee for non-Chase clients

Deposit fees and options

Depositing is free if you already have a Chase You Invest account or if you transfer using ACH. On the flipside wire transfers from other banks cost $30.

These conditions are similar to the competitors of Chase You Invest.

Chase You Invest deposit options
  Chase You Invest Robinhood Interactive Brokers
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No

It's worth noting that a bank transfer can take several business days and you can only deposit money from accounts which are in your name.

Chase You Invest withdrawal fees and options

Withdrawals are free if you already have a J.P. Morgan account or use ACH transfer, but wire transfers will cost you $30.

Chase You Invest withdrawal fees and options
  Chase You Invest Robinhood Interactive Brokers
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from Chase You Invest? We tested the bank transfer withdrawal and it took 1 business day.

You can only withdraw money to accounts in your name.

How do you withdraw money from Chase You Invest? You can withdraw money from Chase You Invest by following these steps:

  • Log into the account
  • Select "Pay & Transfer"
  • Select "Transfer money"
  • Select the You Invest Trade account as "Transfer from" and the other account as "Transfer to"
  • Add the amount you wish to withdraw
  • Initiate the withdrawal

Account transfer

Besides the money transfer, you can also use account transfer to transfer your cash and/or securities from an external account. Chase You Invest charges $75 for account transfers.

Compare to other brokers

Chase You Invest review
Web trading platform

2.9
Chase You Invest web trading platform is very easy-to-use and has a great search function. On the flip side two-step authentication, clear fee report and price alerts are missing.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Order confirmation Limited customizability (for charts, workspace)
Chase You Invest platforms to choose from
Trading platform Score Available
Web 2.9 stars Yes
Mobile 3.9 stars Yes
Desktop - No

Chase You Invest has the same web trading platform as the parent company. If you are a Chase client, it further actions easier as you can do banking transactions, not only trading. The web trading platform is available in English and Spanish.

Look and feel

The Chase You Invest web trading platform is user-friendly and provides a good user experience for you. Unfortunately, the platform is not customizable.

Chase You Invest review - Web trading platform

Login and security

Chase You Invest provides only a one-step login authentication. We found it to be a bit difficult having to register a new device when you log in from a device you didn't use before i.e. your phone or tablet. You get a code during registration via text, email or phone and you can register your new device later with this code. This is a sort of extra step in ensuring safety but we still think a regular two-step authentication would be safer.

After the registration, you can access your account using your regular user ID and password combo.

Search functions

The search functions work just fine. When you start typing a company's name or asset's ticker, a list of the relevant results appear.

Chase You Invest review - Web trading platform - Search

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop-loss
  • Stop limit

If you are not familiar with the basic order types, read this overview.

There are also order time limits you can use:

  • Good'til canceled (GTC)
  • Good'til end of the day (GTD)
  • On the Open
  • On the Close
  • Immediate or Cancel (IOC)
Chase You Invest review - Web trading platform - Order panel

Alerts and notifications

Unfortunately, you cannot set alerts and notifications.

Portfolio and fee reports

Chase You Invest has a clear portfolio report but lacks a clear fee report. The pie charts help you understand to what extent your portfolio is diversified which is very useful. The fee report would help you to see the costs you paid to the broker.

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Chase You Invest review
Mobile trading platform

3.9
Chase You Invest offers a great mobile trading platform with price alerts and biometric login. In functionalities and design, it is the same as the web trading platform.
Pros Cons
User-friendly No two-step (safer) login
Good search function No price alerts
Order confirmation No Touch/Face ID login

Though the web and the mobile trading platforms are really similar to each other, we overweight simplicity and easy-handling at mobile trading platforms. That is why Chase You Invest mobile trading platform has a bit higher score than the web trading platform.

The mobile trading platform of Chase You Invest is available both on any iOS or Android devices. We tested it on iOS. The mobile trading platform is available in English only.

In the case of the mobile trading platform biometric authentication is enabled in the form of fingerprints and voice ID. The latest is a security feature that verifies you by the sound of your voice when you call our customer service center, allowing fast & secure access to your account. It is still not as safe as a two-step login would be, but more convenient from user point of view.

The major difference compared to the web trading platform is that you can't trade with bonds through the mobile trading platform. It was very strange to us.

Chase You Invest review - Mobile trading platform

 

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Chase You Invest review
Desktop trading platform

Chase You Invest does not offer a desktop trading platform.

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Chase You Invest review
Markets and products

2.1
Chase You Invest has a limited product portfolio offering stocks, ETFs, funds and bonds. Unfortunately, the product portfolio covers only asset classes from the US market.
Chase You Invest asset classes
  Chase You Invest Robinhood Interactive Brokers
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No No Yes
Fund Yes No Yes
Bond Yes No Yes
Options No Yes Yes
Futures No No Yes
CFD No No Yes
Crypto No Yes Yes

Chase You Invest has ok fund and bond offers but lags behind in stock and ETFs.

Stocks and ETFs

Chase You Invest will give you access to around 5,000 stocks and 2,000 ETFs. It is much less than at Interactive Brokers, but almost the same as Robinhood. The stock and ETF offers cover only the major US stock exchanges.

Usually, we benchmark brokers by comparing how many markets a broker cover. Based on their site and the trading platform it is hard to figure out how many exchanges Chase You Invest covers. In case you plan to trade with small US stocks or with non-US stocks, it is best to contact their customer support first. 

You can't trade with low-priced stocks or “penny stocks”.

Chase You Invest stock and ETF selection
  Chase You Invest Robinhood Interactive Brokers
Stock markets (#) 3 5 78
ETFs (#) 2,000 2,300 13,000

Funds

Chase You Invest offers ~3,300 mutual funds from 60 different fund providers.

Chase You Invest mutual fund selection
  Chase You Invest Robinhood Interactive Brokers
Fund providers (#) 60 - 257

Bonds

Similarly to funds, the selection of bonds is generally ok but lags behind Interactive Brokers product lineup.

Chase You Invest bond selection
  Chase You Invest Robinhood Interactive Brokers
Bonds (#) 22,000 - 1,472,900

Portfolio Builder

Chase You Invest offers also a service, called Portfolio Builder. It is kind of a mix of mutual funds and robo-advisory. It is great if you need help to manage your investments.

First, you have to answer questions about your investment goal, risk tolerance, and time horizon. Based on your answers, Portfolio Builder creates a portfolio.

There is a $2,500 minimum amount to start Portfolio Builder.

Chase You Invest review
Research

2.3
Chase You Invest research tools are user-friendly when it comes to fundamental data and screening. On the flip side, sophisticated charting tools and recommendations are missing.
Pros Cons
Data on asset fundamentals Limited interactive charting
Easy-to-use screener No trading ideas
Limited set of analytic tools

If you are looking for research tools of Chase You Invest, enter the Trading Platform and visit the 'Markets' section.

Trading ideas

Unfortunately, Chase You Invest does not provide trading ideas or recommendations.

Fundamental data

For the majority of the assets Chase You Invest offers you fundamental data although these are very basic ones like company profile, market capitalization, Beta or P/E ratio.

You can also find a detailed analysis, called Company report for the biggest US companies, like Apple or GE prepared by the J.P. Morgan research team. 

Chase You Invest review - Research - Fundamental data

Charting

Chase You Invest has poor charting tools, you can use only 20 technical indicators which is limited especially if you compare with Interactive Brokers' 119 indicators. Also, unfortunately, you can only compare a chart with the charts of other assets, you can't use trendlines or other useful tools.

Chase You Invest review - Research - Charting

Newsfeed

Comtex as a third party provides the newsfeed for Chase You Invest. The format is easy to read but lacks visual elements, like charts or pictures. 

Other research tools you will enjoy

Chase You Invest offers a high-quality screener tool. The numerous filters embedded into the screener help you to filter the assets based on their sector, market capitalization, performance, etc.

At the funds, you can find a rating score by Morningstar, a third-party provider. This rating varies from 1 to 5 stars and describes how well a fund performs compared with similar funds. The top 10% of funds receive 5 stars, while the bottom 10% receive 1 star.

Compare research pros and cons

Chase You Invest review
Customer service

3.5
You can contact Chase You Invest through a quick and relevant phone support or by visiting a branch. Email and chat is missing though.
Pros Cons
Fast response time No live chat
Relevant answers No email support
Fast and relevant telephone support

The telephone support is available in English and Spanish.

There is a lot of Chase branch throughout the US. If you visit a branch, you can contact with a JP Morgan adviser or ask your Chase representative/private banker for general information,

The Customer Support is available from Monday to Friday from 8 AM to 9 PM and Saturday from 9 AM to 5 PM ET. We missed 24/7 availability.

Chase You Invest review - Customer Service

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Chase You Invest review
Education

2.5
Chase You Invest's education section offers a bunch of high-quality videos and articles. On the negative side, the demo account and the platform tutorial videos are missing.
Pros Cons
Educational videos No demo account
Good production quality No trading platform tutorial videos

On the website educational materials are available under 'Learning & Insights' tab. 

At Chase You Invest you can learn in the following ways:

  • General educational videos
  • Quality educational articles

General educational videos cover the basic concepts for beginners such as what do phrases like "stock market" or "diversification" mean.

The other source of self-learning development is the article section. Here you can find a lot of topics covered, from the investment jargon to the investment strategies and planning.

Inside the account, each page contains a FAQ, a Glossary and a summary page, it's super-easy to understand the covered topics and the functions.

Chase You Invest review - Education

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Chase You Invest review
Safety

Chase You Invest is regulated by top-tier US regulators as SEC and FINRA. Investor protection amount is high, but negative balance protection is not available.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection
Banking background

Is Chase You Invest regulated?

Yes, it is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Chase You Invest is based in USA and was released by J.P. Morgan in 2018. The parent company, J.P. Morgan was founded in 1985, meaning it has a long track record. Is Chase You Invest safe? To be certain, it is best to check two things: how you are protected if something goes wrong and what the background of the broker is.

How you are protected

Chase You Invest investor protection
Country of clients Protection amount Regulator Legal entity
USA $500,000 FINRA J.P. Morgan Securities LLC. 

This is important for you because the investor protection amount and the regulator differ from entity to entity.  With Chase You Invest this is not an issue though as all customers are covered by J.P. Morgan Securities LLC. 

The SIPC investor protection protects against the loss of cash and securities in case the broker goes bust. The limit of SIPC protection is $500,000 from which cash is limited to $250,000.

Not all investments are protected by SIPC. In general, SIPC covers notes, stocks, bonds, mutual fund and other investment company shares, and other registered securities. It does not cover instruments such as unregistered investment contracts, unregistered limited partnerships, fixed annuity contracts, currency, and interests in gold, silver, or other commodity futures contracts or commodity options.

As in the case of US brokers, Chase You Invest neither provides negative balance protection that would mean if the balance on your account goes into negative, you would be protected.

Background

The parent company of Chase You Invest, J.P. Morgan was established in 1985. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

The fact that the parent company has a banking license means that Chase You Invest is also a subject of tougher regulations than brokers. What's more, J.P. Morgan is also listed on the stock exchange, which is a big plus for safety as it releases financial statements regularly and transparently.

Having a parent company with a banking background, being listed on a stock exchange, and regulated by top-tier regulators are all great signs for Chase You Invest's safety.

Find your safe broker

Chase You Invest review
Bottom line

Chase You Invest fees are great. You can trade with mutual funds for free and as a new client you have 100 commission-free trades for US-based stock and ETF in the first year. The account opening is easy, fully digital, and fast. J.P. Morgan is Chase You Invest's strong parent company. It has a banking background and listed on the New York Stock Exchange.

Chase You Invest has some drawbacks though. It is available only for US clients. The product portfolio is limited, covering only US markets and the stock, ETF, bond, and fund asset classes. Lastly, the research tools are basic. 

Speaking of account opening, the process is seamless, and Chase You Invest offers commission-free mutual funds and 100 commission-free stock and ETF trades, feel free to try it.

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