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Chase You Invest Review 2019

4.5 5 stars · May 2019
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Chase You Invest logo

Chase You Invest is a discount brokerage service released in 2018 by J.P. Morgan. The parent company, J.P. Morgan 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, J.P. Morgan has a long track record, is listed on stock exchange, has a banking background, and is regulated by top-tier regulators.

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

Pros
  • Low trading fees
  • Fast and fully digital account opening
  • Strong parent company
Cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools

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 is offered by J.P. Morgan which holds a banking license and is listed on a stock exchange.

Chase You Invest is available only for US residents. It offers only stock, ETF, bond, and mutual funds. Lastly, the research tools are really basic as the charting tools are limited, the recommendations and analytical tools are missing.

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Chase You Invest review
Fees 5 stars

Chase You Invest has low trading fees and low non-trading fees. It offers 100 commission-free trades for US-based stock and ETF trades in the first year after the account opening. You can also trade with mutual funds for free.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
Cons
None
Chase You Invest Fees snapshot
Assets Fee level Fee terms
US stock fee Low $2.95 per trade, first 100 US-based stock trade is commission-free
EURUSD fee - Not available
US tech fund fee Low $0 per trade
Inactivity fee Low No inactivity fee

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 relating to broker fees. What you need to keep an eye on are trading fees, financing rates, and non-trading fees.

We also compared Chase You Invest's fees with those of two Chase You Invest alternatives, Robinhood and Interactive Brokers. This selection is based on factors like products offered, client profile, fee structure, etc.

Let's start with the trading fees.

Trading fees

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

J.P. Morgan debuted Chase You Invest in 2018 as a commission-free service. It is true for mutual funds which are completely commission-free. However, at US-based stocks and ETFs, you can only make up to 100 commission-free 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

Chase You Invest has generally low stock trading fees. 

The 100 commission-free trades are available for all new clients for one year. If the one year or the 100 trades expire, the commission is $2.95 per trade. In this review, we calculated with this commission level because this is the standard commission level after the first year.

There are cases when you can have more commission-free trades:

  • if you are a customer of Chase Premier Plus Checking, you have 100 free trades at 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
Stock fees of a $2,000 trade
  Chase You Invest Robinhood Interactive Brokers
USA $3.0 $0.0 $1.0

Fund fees

Chase You Invest charges no fees for mutual funds. It is superb and not usual among the brokers. Robinhood doesn't offer mutual funds.

Fees for a $2,000 fund purchase
  Chase You Invest Robinhood Interactive Brokers
USA tech fund buy $0.0 - $15.0

Bond fees

Chase You Invest has generally low bond fees.

Fees of a $10,000 bond trade
  Chase You Invest Robinhood Interactive Brokers
USA $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. It charges no account fee and inactivity fee.

There is no withdrawal fee 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 stars

Account opening at Chase You Invest is seamless and fully digital. Your account will be opened within a day. On the flip side, the account opening is available only for US clients.
Pros
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
Cons
  • It is available only for US clients

Can you open an account?

Only US residents can open an account at Chase You Invest.

What is the minimum deposit at Chase You Invest?

There is no required minimum deposit in the case of Chase You Invest Trade account. This is ideal if you plan to invest smaller amounts.

If you would like to use Portfolio Builder, you shall have a $2,500 minimum account balance 

Account types

Chase You Invest has 4 types of accounts:

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. For the account opening, we used a Chase checking account.

How to open your account

The account opening is user-friendly, fully digital, and fast. It took 1 day for us with the already existing Chase checking account, however, non-Chase clients shall be treated in the same way. This simplicity and speed are not usual for US brokers, e.g. the account opening at Interactive Brokers is very complicated.

At first, you have to go through a 6-step registration process which takes roughly 25 minutes. During this registration, you have to provide some personal information and there are questions about your trading experience.

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

  • 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 stars

Chase You Invest deposit and 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. As a plus, there is no deposit fee and transferring money is easy and user-friendly.
Pros
  • No deposit fee
  • User-friendly
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • High fee for wire withdrawal for non-Chase clients

Account base currencies

Your account will be denominated in USD. It's not a surprise as Chase You Invest offers its service only in the US. 

In comparison with the competitors, you can see that Interactive Brokers has much more base currencies, while Robinhood is almost the same. 

Base currencies at Chase You Invest vs similar brokers
  Chase You Invest Robinhood Interactive Brokers
Number of base currencies 1 2 21

Why does this matter? Two things. First, if you fund your account in the same currency as your bank account, you won't be charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you will not have to pay a conversion fee.

A convenient way to save on the currency conversion fees can be to open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

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Deposit fees and options

Chase You Invest charges no deposit fees if you have a Chase banking account or use ACH transfer. Wire transfers from other banks cost $30. 

The deposit 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

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from sources which are on your name.

Withdrawal fees and options

Similarly to the deposit, Chase You Invest charges no withdrawal fees if you have an account at Chase or using ACH transfer, but only bank transfer is available. Wire transfers from other banks cost $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 was completed within 1 daybusiness day.

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 3 stars

Chase You Invest has a mediocre web trading platform. It is very easy-to-use and has a great search function. However, it misses important features, like two-step authentication, clear fee report and price alerts.
Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No clear fee report available
  • No two-step (safe) login
  • No price alerts
Chase You Invest Platforms to Choose From
Trading platform Score Available
Web 3 / 5 stars Yes
Mobile 4 / 5 stars Yes
Desktop - No

Chase You Invest has one web trading platform. If you are a Chase client, you can do banking transactions, not just trading.  The web trading platform is available in English and Spanish.

Look and feel

The Chase You Invest web trading platform provides good user experience and design. 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

However, when you first login on a new device, you have to register the new device, ie. laptop, phone, etc. During the registration, you get a code via text, email or phone and with this code, you can register your new device. After the registration, you can access your account using your regular ID and password combo.

Search functions

The search functions work as you would expect. 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

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 fee report would help you to see how much costs you paid to the broker.

You can also find a pie chart which shows how much your portfolio is diversified. 

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Chase You Invest review
Mobile trading platform 4 stars

Chase You Invest offers a great mobile trading platform. In functionalities and design, it is the same as the web trading platform.
Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • No price alerts

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.

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 stars

Chase You Invest has limited product portfolio. It offers stock, ETF, fund, and bond. It lacks forex, options, futures, or CFD. Furthermore, the offered products cover only the US market.
  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 average fund and bond offers but lags behind in stock and ETFs.

Stock and ETF

Chase You Invest will give you access to around 5,000stocks and ETFs. It is much less than at Interactive Brokers, but almost the same than at 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. We could not figure out how many exchanges Chase You Invest covers. If you are planning 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”.

Fund

Chase You Invest offers ~3,300

Bond

You can trade with ~22,000 Similarly to funds, it is generally average but lags behind Interactive Brokers' ~110,000

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 stars

Chase You Invest research tools are user-friendly but limited. You can find fundamental data and a great screener tool. However, sophisticated charting tools and the recommendations are missing.
Pros
  • Data on asset fundamentals
  • User-friendly
  • Easy-to-use screener
Cons
  • Limited interactive charting
  • No analyst recommendations for stocks, bonds, etc.
  • Limited set of analytic tools

The research tools are available in English and can be found in the Markets section.

Recommendations

Chase You Invest does not provide recommendations.

Fundamental data

Chase You Invest offers fundamental data. For the majority of the assets, you can see only basic fundamental data. For example, the company profile, market capitalization, Beta, P/E ratio, etc.

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

You Invest review - Research - Fundamental data

Charting

Chase You Invest has poor charting tools. You can only add technical indicators and compare the chart with other assets' charts, but can't add trendlines and other useful charting editor tools. 

There are only ~20technical indicators. It is limited, especially if you compare with Interactive Brokers' 119indicators.

You Invest review - Research - Charting

News feed

The news is OK. It is easily readable but lacks visual elements, like charts or pictures. It is provided by Comtex, a third-party.

Other research tools you will enjoy

Chase You Invest offers a high-quality screener tool. This screener helps you to filter the assets. There are a lot of filters you can use. For example, you can filter for the sector, market capitalization, performance, etc.

At the funds, you can find a rating provided by Morningstar, a third-party. This rating ranges 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 2 stars

You can contact Chase You Invest support team only by telephone or if you visit a branch. The email and chat support are missing. As a plus, the telephone support responds quickly and provides relevant information.
Pros
  • Fast and relevant telephone support
Cons
  • No live chat
  • No email 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 3 stars

Chase You Invest's education section offers a bunch of videos and articles. The content has high quality and is easy to navigate. On the negative side, the demo account and the platform tutorial videos are missing.
Pros
  • Educational videos
  • Easy to understand
  • Good production quality
Cons
  • No demo account
  • No trading platform tutorial videos

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 stock market and diversification mean.

There are also articles you can read. The articles cover a lot of topics, from the investment jargon to the invesment strategies and planning.

Inside the account, each page contains a FAQ, a Glossary and a summary page, super-easy to understand the covered topics and 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 SEC and FINRA. You are also protected by a high investor protection amount, $500,000 which includes $250,000 for cash.
Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
Cons
None

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

Chase You Invest is based in the USA and released by J.P. Morgan in 2018. 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

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, which includes a $250,000 limit for cash.

Background

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

J.P. Morgan has also a banking license, and as such, it is subject to tougher regulation than brokers.

Furthermore, J.P. Morgan is listed on the New York Stock Exchange. It is a big plus for safety as financial statements regularly and transparently released.

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.

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Chase You Invest review
Bottom line

Chase You Invest fees are great. You can trade with mutual funds for free and new clients 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. 

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

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
💳 Deposit with credit card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Portfolio Builder

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Chase You Invest logo

Chase You Invest is a discount brokerage service released in 2018 by J.P. Morgan. The parent company, J.P. Morgan 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, J.P. Morgan has a long track record, is listed on stock exchange, has a banking background, and is regulated by top-tier regulators.

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

Compare to other brokers

Overall 5 stars

Pros
  • Low trading fees
  • Fast and fully digital account opening
  • Strong parent company
Cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools

Fees 5 stars

Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
Cons
None

Account opening 5 stars

Pros
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
Cons
  • It is available only for US clients

Deposit and withdrawal 2 stars

Pros
  • No deposit fee
  • User-friendly
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • High fee for wire withdrawal for non-Chase clients

Web trading platform 3 stars

Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No clear fee report available
  • No two-step (safe) login
  • No price alerts

Mobile trading platform 4 stars

Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • No price alerts

Markets and products 2 stars

The available asset classes to trade:

  • Stock
  • ETF
  • Fund
  • Bond
  • Portfolio Builder

Research 2 stars

Pros
  • Data on asset fundamentals
  • User-friendly
  • Easy-to-use screener
Cons
  • Limited interactive charting
  • No analyst recommendations for stocks, bonds, etc.
  • Limited set of analytic tools

Customer service 2 stars

Pros
  • Fast and relevant telephone support
Cons
  • No live chat
  • No email support

Education 3 stars

Pros
  • Educational videos
  • Easy to understand
  • Good production quality
Cons
  • No demo account
  • No trading platform tutorial videos

Safety

Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
Cons
None

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

METHODOLOGY

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

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