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J.P. Morgan Self-Directed Investing Review 2024

Written by
Gyula L.
Fact checked by
Adam N.
Updated
15h ago
Regulated and trusted. Tested via live trading.
1,788 people chose this broker
Available in United States

Why choose J.P. Morgan Self-Directed Investing

J.P. Morgan Self-Directed Investing is a brokerage solution offered by J.P. Morgan Securities LLC (a J.P. Morgan affiliate), regulated by top-tier US authorities SEC and FINRA.

J.P. Morgan Self-Directed Investing charges little to no extra fees for trading US stocks, ETFs, mutual funds and US bonds. The account opening is seamless, fully digital and fast. The broker is owned by J.P. Morgan, which holds a banking license and is listed on the stock exchange. It is a good choice for beginner investors.

On the negative side, J.P. Morgan Self-Directed Investing is available only to US residents. The product portfolio is limited to stocks, ETFs, options, bonds and mutual funds. Lastly, research capabilities are weak as charting tools are limited and there are no recommendations or analytical tools.

  • Commission-free US stocks, ETFs, funds and bonds
  • Fast and fully digital account opening
  • Well-established parent company
  • Pays interest on uninvested cash
Minimum deposit
$0
Stock fee
Low
Options fee
Low
Inactivity fee
no
Account opening
1 day

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to J.P. Morgan Self-Directed Investing

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 4.5/5
J.P. Morgan Self-Directed Investing offers commission-free trading, but transaction and other smaller fees may apply.
  • Low non-trading fees
  • Commission-free stock, ETF, fund and bond trades

We compared J.P. Morgan Self-Directed Investing's fees with two similar brokers we selected, Vanguard and Ally Invest. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of J.P. Morgan Self-Directed Investing alternatives.

Commission-free stock and ETFs

It’s extremely great as J.P. Morgan Self-Directed Investing has commission-free US stock trading.

Broker
US stock
J.P. Morgan Self-Directed Investing
$0.0
Vanguard
$0.0
Ally Invest
$0.0
J.P. Morgan Self-Directed Investing stock and ETF commission

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.

Average margin rates

J.P. Morgan Self-Directed Investing USD margin rate fees are slightly lower than the industry average. USD margin rate fees are calculated as follows: SOFR + 4.75% for balances under $25k

Broker
USD margin rate
J.P. Morgan Self-Directed Investing
10.1%
Vanguard
13.8%
Ally Invest
13.0%
J.P. Morgan Self-Directed Investing annual margin rates

Low options commission

J.P. Morgan Self-Directed Investing US stock index options fees are about half of the industry average. US stock index options fees are calculated as follows: $0.65 per contract

Broker
US stock index options
J.P. Morgan Self-Directed Investing
$6.5
Vanguard
$10.0
Ally Invest
$5.0
J.P. Morgan Self-Directed Investing stock index 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.

No inactivity fee, no withdrawal fee

No account fee or inactivity fee is charged.

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

Note that no withdrawal fee applies if you have an account at Chase or use an ACH transfer. Withdrawals to other banks via wire transfer cost $25. We tested J.P. Morgan Self-Directed Investing as a Chase client, so we didn't pay a withdrawal fee.

Other commissions and fees

Low mutual fund commission: trading mutual funds involves the following charges - $0 per trade.

Low bond commission: US treasury bonds come with the following charges - Commission free investment on US Treasury bills, notes, bonds and new issues.

Broker
Mutual fund
US micro e-mini stock index futures
J.P. Morgan Self-Directed Investing
$0.0
-
Vanguard
$20.0
-
Ally Invest
$0.0
-
Misc. fees compared with other brokers

Safety

J.P. Morgan Self-Directed Investing is regulated by top-tier US regulators like the SEC and FINRA. The investor protection amount is high, but negative balance protection is not available.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
Read more

Deposit and withdrawal

Score: 1.6/5
At J.P. Morgan Self-Directed Investing there is no deposit fee and transferring money is simple and easy, although there could be more withdrawal options.
  • No deposit fee
  • Quick deposit and withdrawal - within 3 days
Read more

Account opening

Score: 5/5
Account opening at J.P. Morgan Self-Directed Investing is seamless and fully digital: it took us one day to open an account. However, only US clients are accepted.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 3.9/5
J.P. Morgan Self-Directed Investing offers a great mobile trading platform with price alerts and biometric login. In functionalities and design, the app is the same as the web trading platform.
  • User-friendly
  • Good search function
  • Order confirmation
Read more

Web trading platform

Score: 2.9/5
J.P. Morgan Self-Directed Investing's web trading platform is exceptionally easy to use and boasts a great search function. However, two-step authentication is missing, there are no clear fee reports and users can't set price alerts.
  • User-friendly
  • Good search function
  • Order confirmation
Read more

Product selection

Score: 2.1/5
J.P. Morgan Self-Directed Investing has a limited product portfolio including stocks, ETFs, funds, bonds and options. Unfortunately, the product portfolio only includes assets traded on the US market.
Read more
“I recommend J.P. Morgan Self-Directed Investing for beginners and buy-and-hold investors focusing on the US stock market.”

FAQ

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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.

author image
Gyula Lencsés, CFA
Author of this review
Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.
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