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J.P. Morgan Online Investing
Insider’s Rating
4.65/5
Account Minimum
$0 ($500 for robo-advice)
Fees
0% (0.35% for robo-advice)
Pros
- No minimum opening deposit for active trading account
- Unlimited commission-free stock, ETF, mutual fund, and option trades
- Account includes access to exclusive J.P. Morgan Research
- Easy transfers and linking with Chase bank account integration
Cons
- No education savings accounts, joint investing accounts, or trust accounts
- Limited research offerings and trading tools
- No retirement accounts for small businesses or self-employed individuals
Insider’s Take
J.P Morgan is best for beginner investors, active traders, and existing Chase customers who want to avoid commissions when trading. The company is also great for passive investors looking for robo-advice and professionally managed accounts, and it currently offers a sign-up bonus for those who make qualifying deposits.
What is J.P. Morgan Investing
If you're searching for low-cost investment options, don't overlook J.P. Morgan online investing. The brokerage functions as the investment division of J.P. Morgan Securities, LLC, and it offers several inexpensive investment choices for both active traders and passive investors.
It includes two investment options: J.P. Morgan Self Directed Investing and J.P. Morgan Automated Investing. The brokerage offers ETF investing, model portfolios, sustainable investing options, education savings accounts, as well as a variety of portfolio and retirement tools.
As for its sign-up bonus, those who fund a J.P. Morgan Self-Directed Investing account (general investment, traditional IRA, and Roth IRAs are eligible) with qualifying new money receive the following rewards:
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000 to $249,999
- $150 when you fund with $25,000 to $99,999
- $50 when you fund with $5,000 to $24,999
The bonus is limited to one per user, and it only applies to those with self-directed accounts.
Is J.P. Morgan Right for You?
J.P Morgan online investing is good option for both hands-off and hands-on investors interested in utilizing the brokerages' trading products, thematic investing strategies, and wealth management.
Investing with J.P. Morgan is also convenient for existing Chase Bank customers interested in trying their luck in the stock market. That's not to say you've got to have a Chase bank account to sign up; the brokerage just makes it easier to connect all of your Chase accounts in one place.
J.P. Morgan Investing: Overall Rating
Feature | Insider rating (out of 5) |
Fees | 4.50 |
Investment selection | 4.50 |
Access | 4.35 |
Ethics | 5.00 |
Customer service | 5.00 |
Overall score | 4.65 |
J.P. Morgan Investing Pros and Cons
Pros | Cons |
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Is J.P. Morgan Trustworthy?
currently has an A+ rating with the Better Business Bureau. Since the BBB rates companies using an A+ to F range, this suggests that J.P. Morgan's online investing displays excellent business practices and interacts well with its customers.
Though ratings aren't the same for every company, the BBB says it assesses all companies by reviewing licensing information, advertising, government actions, and more.
In 2023, J.P. Morgan settled a lawsuit with the US Virgin Islands after being accused of facilitating Jeffrey Epstein's sex-trafficking enterprise for over a decade. J.P. Morgan settled the lawsuit by agreeing to pay a $75 million settlement, but neither confirming nor denying the allegations. $55 million worth of the settlement will go toward local charities and victim assistance, while the rest will cover legal fees. Jeffery Epstein was terminated as a client by J.P. Morgan in 2013.
Ways to Invest with J.P. Morgan
Self-Directed Brokerage Accounts
J.P. Morgan Self Directed Investing lets you place trades without paying commissions for stocks, ETFs, options, and mutual funds. You can get started without having to meet a minimum initial investment requirement, and you'll be able to trade with general investment accounts, traditional IRAs, and Roth IRAs.
With a self-directed J.P. Morgan online investing account, you can access portfolio construction tools, model portfolios, investment comparison features, a bond ladder illustrator, and much more. Beginners may benefit from the bank's tax planning services, a library of educational content, webcasts, and J.P Morgan exclusive research.
Chase's mobile app also makes it possible to carry your investments with you wherever you go. Plus, existing Chase customers can access both their investing and bank accounts under one umbrella.
Automated Investment Management
You can also sign up for J.P. Morgan Automated Investing if you'd like your portfolio managed by professionals. This account is great for those who like robo-advice, but it also offers a unique feature: a team of investment specialists.
J.P. Morgan uses both automated investment technology and human specialists to keep your portfolio on track. So you won't have to worry about making any trades or rebalancing your portfolio as you would with a self-directed account.
The automated account includes a Portfolio Builder feature that helps you find investments that work best with your risk tolerance and short- or long-term savings goals. You'll need at least $2,500 for this feature, though.
Automated investing with J.P. Morgan mainly utilizes a blend of JP Morgan ETFs and cash, offering you access to the following risk profiles (which you can adjust at any time):
- Conservative: While 75% of this risk profile is made up of fixed-income securities, the remaining 25% consists of US and international equities. JP Morgan says this risk profile is most suitable for investors with shorter time horizons (of at least three years) and low-risk tolerances.
- Moderate:This risk profile is split evenly between fixed-income securities and US and international equities. With both its moderate risk tolerance and longer time horizon, the platform says it's best for those who want stable growth with a lower level of potential income.
- Growth:JP Morgan says these profiles are ideal for investors in search of above-average growth with high capital appreciation. This profile has a higher risk level than the conservative and moderate options. Roughly 25% of the profile contains fixed-income securities, while the remaining 75% contains US and international equities.
- Aggressive:These profiles have higher risk levels, but they're best for investors who want the highest growth potential and don't mind regular market price fluctuations. Only 10% of the profile consists of fixed-income securities, but 90% contains US and international equities.
As for account types, JP Morgan Automated Investing supports general investment accounts, traditional IRAs, and Roth IRAs. If you're looking for more personalized financial advice from a human professional, you can sign up for J.P. Morgan Advisors.
Retirement Accounts
Both J.P. Morgan Self-Directed Investing and J.P. Morgan Automated Investing offer investment options for traditional IRAs and Roth IRAs. With the self-directed investing option, you can open either retirement account with no minimum requirement. But you'll need at least $500 to set up an automated traditional or Roth IRA with J.P. Morgan Automated Investing.
Additionally, it's worth pointing out that J.P. Morgan online investing doesn't offer IRA rollovers, SEP IRAs, and SIMPLE IRAs. If you're looking for any of these accounts or other retirement plans, you should consider other brokerages.
529 Plans
J.P. Morgan online investing supports 529 plans, which combine 529 plan benefits and J.P. Morgan asset management to help investors prepare for college education expenses. This account gets you access to more than 100 multi-asset financial experts to help you build and manage an investment portfolio.
529 plans are tax-advantage accounting that can help folks afford an array of educational expenses, such as K-12 tuition, student loan payments, apprenticeships, school supplies, and room and board.
J.P. Morgan supports two main 529 plans: New York's 529 Advisor-Guided College Savings Program, and Future Path 529 Plan.
Investment Options
J.P. Morgan Invest offers trading of stocks, ETFs, options contracts, secondary corporate bonds, municipal bonds, mutual funds, brokered CDs, money market funds, and alternative investment options. J.P. Morgan also allows you to invest in fixed-income investments, equity, multi-asset solutions, and global liquidity.
J.P. Morgan Investing Fees
A regular J.P. Morgan self-directed brokerage account, including self-directed IRAs, requires a $0 account minimum and generally has low fees.
You'll need at least $500 to open a J.P. Morgan automated account, plus the platform has a $250 minimum for ongoing management (this means you can never let your account balance fall below $250). As for account types, JP Morgan Automated Investing supports general investment accounts, traditional IRAs, and Roth IRAs. You'll have to pay an annual advisory fee of 0.35% as well.
J.P. Morgan charges $0.65 per options contract, while bonds and CDs cost $10 per trade plus an extra $1 for every bond over 10 bonds. Its options contract fee is normal, but some brokerages — like Robinhood Robinhood Investing, Webull, and Firstrade — let you skip out on options fees completely.
J.P. Morgan Investing — Frequently Asked Questions (FAQs)
Is it safe to invest in J.P. Morgan?
Yes. J.P. Morgan is a safe and legit bank and brokerage for investors to buy and sell multiple asset classes. But it is not BBB accredited.
How much money do you need to invest at J.P. Morgan?
You don't need any money to start investing with the J.P. Morgan Self-Directed Investing. Plus, you can exchange commission-free stocks, ETFs, options, and mutual funds. But J.P. Morgan's robo-advisor requires a $500 minimum to open an account.
Does J.P. Morgan have an IRA?
Yes. J.P. Morgan Investing offers traditional IRAs, Roth IRAs, as well as a SIMPLE IRAs.
Is J.P. Morgan a good place to invest?
J.P. Morgan may be a good place to invest depending on your investing preferences. J.P. Morgan Self-Directed Investing accounts could suit active traders or passive investors in search of low-cost stocks, ETFs, options, and mutual funds. Hands-off investors might prefer J.P. Morgan's automated investing account.
How J.P. Morgan Compares
J.P. Morgan vs. E*TRADE
J.P. Morgan online investing and E*TRADE both offer self-directed investing, automated investing, and various investment choices. Both investment platforms have a $0 minimum investment ($500 minimum for robo-advice). However, the platforms diverge when it comes to fees.
On the automated investing end, J.P. Morgan charges more in advisory fees, but it provides a wider range of investment types. It charges an annual 0.35% fee for robo-advise (otherwise 0%).
E*TRADE is best for frequent traders interested in low-cost stock, ETFs, and options trading. It doesn't charge an annual or inactivity fee. But investors do have to pay certain security fees, as well as a per-contract fee for options trades. It also charges a fee for full and partial transfers (partial fee waived for account balances over $5,000).
E*TRADE review
J.P. Morgan vs. SoFi
J.P. Morgan offers commission-free stocks, ETFs, and options, but SoFi Invest only offers commission-free stocks and ETFs, but it also makes up for this with fee-free automated investing ($1 minimum investment for robo-advice).
SoFi is best for new investors interested in active or automated investing. It is only available to U.S. residents and isn't a great platform for advanced traders.
Although you'll have to pay for automated investing with J.P. Morgan, it offers a broader range of investment types, including stocks, ETFs, options, mutual funds, treasury bills, bonds, notes, and CDs.
SoFi Invest review
Why You Should Trust Us: How We Reviewed J.P. Morgan Investing
We examined J.P. Morgan Online Investing investing appusing Personal Finance Insider's rating methodology for investing platforms to compare and examine account types, pricing, investment options, and overall customer experience when reviewing investing platforms. Platforms are given a rating from 0 to 5.
Investing platforms generally offer multiple assets, trading tools, fees, and other resources. Some investing platforms are better for more advanced investors or active investors, while others may better suit beginner investors and passive investors. J.P. Morgan was evaluated with a focus on how it performed in each category.
Senior Wealth-Building Reporter
Rickie Houston was a senior wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products. Before Insider, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics. He's contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service.
Junior Investing Reporter
Tessa Campbell is a Junior Investing Reporter for Personal Finance Insider. She reports on investing-related topics like cryptocurrency, the stock market, and retirement savings accounts. She originally joined the PFI team as a Personal Finance Reviews Fellow in 2022. Her love of books, research, crochet, and coffee enriches her day-to-day life.