J.P. Morgan Chase Rating:
Overview of J.P. Morgan Investing
J.P. Morgan Investing may not be the most popular brokerage, but it still offers some solid financial services worth exploring.
Bulls Highlight...
Great pricing: No transaction fees on mutual funds.
Retirement accounts: Only available as IRAs, however.
Bears Highlight...
Limited investment choices: Missing many asset classes.
Basic software: Not designed for advanced trading.
Basic options trading: Only single-leg trades are allowed.
Investment Lineup
J.P. Morgan Investing is geared for self-directed trading and includes a wide selection of ETFs on major U.S. exchanges (almost 8,000 funds) as well as:
- Stocks
- American Depository Receipts (ADRs)
- Options
- Real Estate Investment Trusts (REITs)
- Closed-end funds
- Mutual funds
- Fixed-income securities
While J.P. Morgan Investing does allow trading in over-the-counter (OTC) stocks, it does not support penny stocks (under $5) or foreign stocks.
Accounts can be opened as taxable or tax-deferred. The taxable option allows for individual and joint accounts, while tax-deferred is limited to IRAs.
Opening and Closing an Account
J.P. Morgan Investing accepts applications from U.S. citizens and residents with a U.S. address or overseas military address. Opening an account is easy and can be done online via the company’s user-friendly website and mobile-enhanced version. Accounts can also be closed through an internal message on the website.
Banking Features
Although J.P. Morgan Investing and Chase Bank share the same parent company, cash management features are limited. For instance, checkwriting and debit cards cannot be linked to investment accounts.
However, the website and app used by J.P. Morgan Investing are the same as Chase Bank’s, offering a range of banking tools:
- ACH transfers
- Credit card offers
- Mobile check deposit
- Zelle transfers
- Bill pay
- Free credit score
For those seeking more banking options, opening a Chase Bank account with the same tax ID can provide seamless access. Note that Chase accounts may have monthly fees and typically offer low APYs.
Customer Support
With numerous departments, finding the correct contact number can be confusing. For J.P. Morgan Investing, the number is (800) 392-5749, available from 8:00 am to 9:00 pm on weekdays, and 8:00 am to 6:00 pm on Saturdays (no Sunday hours).
The website has a messaging feature under settings (three horizontal lines in the upper-left corner) with an attachment option, though it lacks a chat feature. Various self-help options like sign-in updates and beneficiary additions are available.
While Chase Bank has many branches, J.P. Morgan Investing clients don’t have access to in-branch advisors (advisors are available to J.P. Morgan Wealth Management clients).
Website
The J.P. Morgan Investing account is managed through the Chase Bank website. The site does have a heavy focus on banking, with plenty of ads and bank-related tools.
Selecting a brokerage account on the dashboard brings up investment features. Here, users see a pie chart of account value and sections for indexes, watchlists, and positions.
You can pull up an asset’s profile by selecting it in a watchlist or typing its ticker or name in the search bar. Profiles include a basic chart with up to 30 years of price history, and clicking an expand icon opens a more detailed chart with various tools.
The order ticket includes just four order types:
- Market
- Limit
- Stop
- Stop limit
There are also five duration options, with on-the-open and on-the-close being less common choices.
Portfolio Builder, a tool on the dashboard, is a digital assistant that recommends a stock and ETF portfolio based on answers to a questionnaire. It’s free to use, but requires a $2,500 account minimum.
Mobile App
The J.P. Morgan Investing app uses the Chase Bank app’s software, so it mirrors the website features. The order ticket is the same, and charting is similar, though horizontal display is unavailable, limiting the chart view.
Watchlists sync with the website, and statements can be downloaded in pdf. The app does not support streaming video news, and while mobile check deposit works for Chase Bank accounts, it’s not available for securities accounts.
The website also offers a mobile-enhanced version, recommended for those opening accounts on mobile devices.
Other Software
J.P. Morgan Investing does not provide additional trading software like a desktop platform or API, and Chase Bank does not have a smartwatch app.
Margin
J.P. Morgan now offers margin accounts with tiered pricing for margin rates:
|
Debit Balance
|
Margin Interest Rates
|
|
$0.01 - $4,999
|
12.25%
|
|
$5,000 - $9,999
|
12.25%
|
|
$10,000 - $24,999
|
12.25%
|
|
$25,000 - $49,999
|
12%
|
|
$50,000 - $99,999
|
11.5%
|
|
$100,000 - $499,999
|
11.25%
|
|
$500,000 - $999,999
|
10.5%
|
|
$1,000,001 - $3,000,000
|
10%
|
Fees and Minimums
Accounts have no minimums and no ongoing fees. Trading stocks and funds (including mutual funds) is commission-free. Options trades have a 65-cent per-contract fee, while exercises and assignments are free.
Broker-assisted trades over the phone have an additional charge of $25 or $20, depending on the asset.
Closing an IRA account costs $75.
Robinhood Promotion
Open Robinhood Account
Research & Education
J.P. Morgan Investing offers some educational resources for clients. Articles cover various economic topics, such as navigating recessions and understanding job reports.
There are also investing-focused articles that explain topics like handling margin calls and how interest rates affect investments.
J.P. Morgan Wealth Management, a related service, provides digital newsletters that are free to receive by email.
Security profiles on the J.P. Morgan Investing site are relatively basic, showing limited trade information (market cap, P/E ratio, and dividend history) and news articles provided by Benzinga. Stock reports are available from CFRA and J.P. Morgan Securities, offering price targets and trade recommendations.
Extra Services
IRAs: Traditional and Roth IRAs are available. Other types aren’t offered, but former employer retirement plans can be rolled over.
Fractional-share Trading: Not available at this time.
DRIP Service: Dividends can be reinvested into the paying securities at no extra charge.
Extended Hours: J.P. Morgan Investing offers only regular day trading hours.
IPO Service: J.P. Morgan Investing does not offer IPO access, despite its parent company being a major investment bank.
Recommendations
Beginners: J.P. Morgan is a reasonable option for beginners, but
Charles Schwab offers free automated investing.
Active Equity Trading: Frequent traders may prefer a platform with a desktop option, fractional trading, and competitive margin rates, like Charles Schwab.
Mutual Fund Investors: J.P. Morgan Investing offers 2,984 mutual funds—a relatively small selection.
Firstrade has a much larger selection.
Individual Retirement Accounts: With a closeout fee and only two IRA types, J.P. Morgan Investing may not be ideal for IRA investors.
Small Accounts: With no minimum balance requirement, J.P. Morgan Investing is suitable for self-directed small accounts.
Long-Term Investors and Retirement Savers: Charles Schwab offers extensive retirement planning resources, including calculators, tax-advantaged accounts, branch locations, and advisors.
J.P. Morgan Investing Review Verdict
As part of one of the world’s largest financial institutions, J.P. Morgan Investing might be expected to offer more features. However, it does have some benefits, such as a connection to Chase Bank.
Find a Financial Advisor
If you are looking for a professional financial advisor in your area, you can
find top Financial Advisors on the Wiser Advisor website.
Visit Wiser Advisor
Updated on 5/20/2025.