Chase You Invest Alternatives

The best alternatives to Chase You Invest are

1. Robinhood - US zero-fee discount broker
2. Interactive Brokers - US discount broker
3. SogoTrade - US-based stockbroker

Let's see in a bit more detail how the Chase You Invest alternatives compare to Chase You Invest and each other:

Why are these brokers considered good alternatives to Chase You Invest? There are many areas based on which Chase You Invest can be compared with others. When we say a given online broker is a good alternative to Chase You Invest we mean these brokers are comparable in the following areas:

• The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
• The type of clients they target, i.e. beginners, experienced investors, or day traders.

Chase You Invest alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

• Chase You Invest is recommended for beginners and buy-and-hold investors focusing on the us stock market
• Robinhood is recommended for beginners and buy-and-hold investors focusing on the us stock market
• Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
• SogoTrade is recommended for stock and options traders with a us focus who value great customer service

Important factors of finding Chase You Invest alternatives

So far BrokerChooser has reviewed 71 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

• open a live account
• check over 100 criteria, with weighting based on readers' preferences
• refresh data regularly

Whether Chase You Invest or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Chase You Invest is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Chase You Invest alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Chase You Invest this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Chase You Invest, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Chase You Invest alternative is a must.

Now let's dive into the details of how Chase You Invest and its alternatives perform in the most important areas!

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.

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

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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.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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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.

Learn more about Chase You Invest minimum deposit here.

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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.

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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.

Learn more about Chase You Invest's web trading platform in the detailed Chase You Invest review.

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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.

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Verdict

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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Robinhood is a US zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Besides the brokerage service, Robinhood introduced a Cash Management service, which can earn interest on your uninvested amounts. It's a great and unique service. You can read more details here.

BrokerChooser is committed to bringing high transparency and clarity to our customers not just brokers, but also our partners: BrokerChooser's Advertiser Disclosure.

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

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Fees

4.7

Trading US stocks and ETFs is free at Robinhood. It's also great that Robinhood doesn't charge an inactivity or withdrawal fee. On the negative side, there is high margin rates.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening

5.0

Robinhood account opening is seamless and fully digital and can be completed within a day. On the negative side, only US clients can open an account.

If you are interested more in Robinhood minimum deposit, this overview will help you.

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Deposit and withdrawal

2.8

Deposit and withdrawal at Robinhood are free and easy and you can use a great cash management service. On the other hand, you can use only bank transfer, and deposits above your 'instant' limit may take several business days.

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Web trading platform

4.5

Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.

Learn more about Robinhood's web trading platform in the detailed Robinhood review.

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Markets and products

2.4

Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets.

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Verdict

Robinhood fees are great. US stock trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. Account opening is easy, fully digital and fast.

Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. It provides educational articles but little else to guide you through the world of trading.

If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.

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Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

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Fees

4.3

Interactive Brokers has low trading fees; while for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening

3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

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Deposit and withdrawal

2.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer, and the process is not user-friendly.

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Web trading platform

4.3

Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

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Markets and products

5.0

Through Interactive Brokers you can access an extremely wide range of markets and all product types are available.

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Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has low fees, a vast range of markets and products available with diverse research tools. 

There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

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SogoTrade is a US stockbroker, which was founded in 1986. The company is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Although it is not listed on any stock exchanges and does not have a banking background, SogoTrade is considered safe because it has a long track record and it is regulated by top-tier regulators. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for stock and options traders with a us focus who value great customer service

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Fees

3.5

SogoTrade has low stock and ETF fees. The inactivity fee is also low, charged only after a year and if your account balance is under $100. On the other hand, the margin rates are high and the fees for wire withdrawals are high.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening

5.0

Opening an account at SogoTrade is fast and fully digital for both US and international citizens, but it sorely lacks user-friendliness.

If you are interested more in SogoTrade minimum deposit, this overview will help you.

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Deposit and withdrawal

1.8

You can transfer money only by bank transfer and non-US clients are charged $50, while US clients are charged $25 for wire withdrawals. As a plus, the deposit and the ACH withdrawals are free.

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Web trading platform

3.0

SogoTrade's web trading platform is user-friendly, has a good search function, and offers a variety of order types. However, it's not customizable, it doesn't look particularly nice, and doesn't have two-step authentication.

Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.

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Markets and products

1.7

At SogoTrade, you can trade with US stocks, ETFs, options, and cryptos. However, the offered assets cover only the US market and popular asset classes, such as bonds or mutual funds, are not provided.

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Verdict

SogoTrade is a great broker for US stock and options trading.

The stock and ETF fees are low. You can use a wide range of research tools, including a wide range of analytical tools. Lastly, it also has great customer support which gives fast and relevant answers.

On the negative side, SogoTrade charges $50 per year inactivity fee and high wire withdrawal fees, $50 for non-US clients and $25 for US clients. The product offer is limited, you can trade only with stock, ETF, and options. The desktop trading platform can be improved as it is not user-friendly-structured and misses essential tools, like price alerts.

As the account opening is seamless, and the trading fees are low, feel free to try it.

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Based on our analysis, there are several good alternatives to Chase You Invest. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.