J.P. Morgan Self-Directed Investing fees explained

Personally tested

Data-driven

Independent

Overview of J.P. Morgan Self-Directed Investing fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, J.P. Morgan Self-Directed Investing is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found J.P. Morgan Self-Directed Investing's trading fees fairly low

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how J.P. Morgan Self-Directed Investing fared:

J.P. Morgan Self-Directed Investing charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of J.P. Morgan Self-Directed Investing for info on safety, trading platforms and funding.

J.P. Morgan Self-Directed Investing fees at a glance
Assets	Fee level	Fee terms
US stock fee	Low	$0 per trade for US listed stocks. Foreign equity has a 0.20% commission.
EURUSD fee	-	FX not available
US tech fund fee	Low	$0 per trade
Inactivity fee	Low	No inactivity fee

Visit broker

Commission-free stock and ETF trading

J.P. Morgan launched J.P. Morgan Self-Directed Investing (formerly Chase You Invest) in 2018 as a commission-free service. The broker does not charge any fees or commissions for trading US stocks, ETFs, mutual funds and US bonds.
Nevertheless, they do pass on the regulatory and stock exchange costs to clients. Their costs are still competitive, as they charge only $0.01-0.03 per $1,000 principal for US stocks and ETFs, and a $0.65 per-contract fee for option trades.

J.P. Morgan Self-Directed Investing stock and ETF fees by market
	J.P. Morgan Self-Directed Investing J.P. Morgan Self-Directed Investing	Vanguard Vanguard	Ally Invest Ally Invest
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$0.0 $0 per trade for US listed stocks. Foreign equity has a 0.20% commission.	$0.0 Commission-free	$0.0 Free stock and ETF trading for stocks priced above $2, otherwise $4.95 commission plus $0.1 per share

New

Stock Fee Calculator

Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at J.P. Morgan Self-Directed Investing. To check and compare fees at other brokers, go to our main Fee calculator page.

Before doing so, check out our Privacy Policy and our General Terms and Conditions.

Average margin rates

J.P. Morgan Self-Directed Investing annual margin rates
	J.P. Morgan Self-Directed Investing J.P. Morgan Self-Directed Investing	Vanguard Vanguard	Ally Invest Ally Invest
USD margin rate	9.3% SOFR + 4.75% for balances under $25k	13.0% Tiered markup based on your debit balance.	12.3% Tiered margin rates depending on your account balance. 12.25% for margin balance under $10k.

Low options commission

The broker only charges $0.65 per option contract. There's also an additional transaction fee ranging between $0.02 and $0.05 per contract.

J.P. Morgan Self-Directed Investing stock index options commission
	J.P. Morgan Self-Directed Investing J.P. Morgan Self-Directed Investing	Vanguard Vanguard	Ally Invest Ally Invest
US stock index options Estimated commission for 10 contracts	$6.5 $0.65 per contract	$10.0 Under $1 million investment, $0 flat fee plus $1 per contract	$5.0 $0.5 fee per contract

No inactivity fee, no withdrawal fee

No account fee or inactivity fee is charged.

J.P. Morgan Self-Directed Investing inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
J.P. Morgan Self-Directed Investing		$0
Vanguard		$0
Ally Invest		$0

Other commissions and fees

You can find J.P. Morgan Self-Directed Investing's fees for other asset classes below. Click 'Show more' for details.

Low mutual fund commission

Trading mutual funds at J.P. Morgan Self-Directed Investing is free of charge. In our experience, this is a superb and rather unique feature for a broker. For instance, Vanguard's funds are quite pricey.

Fees for a $2,000 fund purchase
	J.P. Morgan Self-Directed Investing J.P. Morgan Self-Directed Investing	Vanguard Vanguard	Ally Invest Ally Invest
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$0.0 $0 per trade	$25.0 $25 per trade if investment is less than $1M, but Vanguard funds and 3000 other funds are free	$0.0 Commission-free

Low bond commission

Fees for a $10,000 bond trade
	J.P. Morgan Self-Directed Investing J.P. Morgan Self-Directed Investing	Vanguard Vanguard	Ally Invest Ally Invest
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$0.0 Commission free investment on US Treasury bills, notes, bonds and new issues	$0.0 $0 per trade for US Treasury bonds, for other bonds $1 per $1,000 face value, max $250	$10.0 $1.0 per bond, min. $10, max. $250 per transaction

If you trade US Treasury bills, notes, bonds or corporate bonds, municipal bonds, government agency bonds, and brokered CDs on primary markets, you will not encounter any trading fees at J.P. Morgan Self-Directed Investing.
For secondary market bond trades, the broker charges $10 per trade plus $1 per bond for each bond above the first 10 (maximum fee is $250).
Foreign bonds are subject to additional fees.

Interest earned on uninvested cash

You can earn a return on available cash balances by choosing to automatically sweep these balances into the JPMorgan Chase Deposit Account, a bank deposit sweep option. Contact their client service for details on how to do it.

At the time of our review, J.P. Morgan Self-Directed Investing provides the following interest rates on uninvested cash:

0.01% for regular accounts
5.35% for IRA accounts.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?

Engage with our growing community of traders and investors like you to find your answers.

Join now

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.