J.P. Morgan Self-Directed Investing
Merrill Edge
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Beginners and buy-and-hold investors focusing on the US stock market
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
USA
USA
Fees
Low trading and non-trading fees, low stock and ETF fees
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1 day
Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Trading platform
Markets and products
Research, education
Poor
Mid-range
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
1985
2010
USA
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
J.P. Morgan Self-Directed Investing's service is on par with Merrill Edge's and a comparison of their fees shows that J.P. Morgan Self-Directed Investing's fees are slightly lower than Merrill Edge's.
Account opening takes about the same effort at J.P. Morgan Self-Directed Investing compared to Merrill Edge, deposit and withdrawal processes are about the same quality at J.P. Morgan Self-Directed Investing, while customer service quality is lower than Merrill Edge's.
Our experts rated the trading platform of J.P. Morgan Self-Directed Investing as somewhat worse than the platform of Merrill Edge, found that clients have access to about the same number of markets and products with J.P. Morgan Self-Directed Investing, while Merrill Edge provides better research and education.
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