Compare JP Morgan Chase You Invest versus TD Ameritrade: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which brokerage house is better?

Two Rivals: TD Ameritrade and You Invest

TD Ameritrade and Chase’s discount broker You Invest provide low-cost trading with free software and a range of tradable assets. Which broker you should choose depends on which of the following categories are most important to you.


Broker Fees

Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
TD Ameritrade $0 $49.95 $0 + $0.65 per contract $0 $0
Chase $2.95 $0 na $0 $0


Services

Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
TD Ameritrade
Chase


Promotions

TD Ameritrade: $0 commission stocks/ETFs + get up to $600 cash.

JP Morgan Chase: First year get 100 no-commission online stock and ETF trades.



Range of Investments

TD Ameritrade supplies bonds, stocks (penny and OTC included), mutual funds, closed-end funds, ETF’s, forex, and futures (including options on futures and cryptocurrency futures).

You Invest doesn’t offer option contracts, forex, futures, cryptocurrencies, or penny/over-the-counter stocks. It does offer regular stocks, bonds, ETF’s, closed-end funds, and mutual funds.

TD Ameritrade is our pick here.


Website Trading

On the TD Ameritrade website there is a handy trade bar at the bottom of the screen. It is able to provide up-to-the-second trade data for equities (including ETF’s and closed-end funds) and options. Called SnapTicket, it can display a small graph. The tool can be detached, and there is a rapid mode for faster order entry.

The website itself delivers basic order pages for bonds and mutual funds. During our testing, we found them easy to use. A handy bond calculator sits on a bond’s profile page to determine accrued interest, various yields, and total trade amount.

Charting on the site offers full-screen viewing with lower and upper indicators, comparisons, company events, and 20 years of price history. A chart can be saved, and green and red trade buttons appear at the top of a chart as well.


TD Ameritrade Thinkorswim


On You Invest’s site, we immediately lose the trade bar. We found the site more difficult to navigate, even though there is less material on it. We were not able to find any bond-trading tools; although the broker does offer fixed-income assets. Perhaps they have to be traded over the phone.

Charting on the You Invest site offers up to 10 years of price data, comparisons, some indicators, and company events.


JP Morgan vs Ameritrade


TD Ameritrade takes another victory.


Mobile Platforms

The mobile platform from You Invest provides the ability to trade securities; but that’s about the limit of its function. There is no check deposit for investment accounts, which is odd given that this is Chase Bank we’re talking about here.


Chase vs TD Ameritrade


Charting on the You Invest app is very undeveloped. There are no tools, and a chart cannot be rotated horizontally.

TD Ameritrade customers get to use three apps. One offers very advanced charting with 400 technical studies, the most we have ever seen. There are drawing tools, comparisons, and company events as well.


Chase vs Ameritrade


Live streaming of financial news is available on two of TD Ameritrade’s apps, along with Level II quotes and direct-access routing. Other highlights include bill pay, ACH transfers, and mobile check deposit. Two of the three apps incorporate a simulated trading mode, which would be great for extra practice.

Another failure from You Invest.


Other Tools

Besides its website and three mobile apps, TD Ameritrade has rolled out a skill for Amazon Echo and Echo Show. Among its many features is voice-activated trading, the only skill we know of with this capability.

TD Ameritrade clients also get a handy smartwatch platform compatible with Apple devices. Last but certainly not least is thinkorswim, the company’s flagship software. It provides a professional-level desktop trading experience free of charge.

You Invest offers nothing here and loses yet another category.


Fund Resources

As we mentioned in the opening category, both brokerage firms offer fund trading. In our You Invest account, we found 3,384 funds open to new investors. This is an undersized list, but none of them have transaction fees or loads. The You Invest screener offers lots of search criteria, but profile pages are rather brief. The broker offers no commission-free ETF’s.

TD Ameritrade customers can buy and sell ALL ETF’s with zero trade fees. With the company’s mutual fund screener, we located 13,000+ funds available for purchase. More than 4,200 of these are no-load, no-transaction-fee funds. We found the company’s screener quite effective. Profile pages have much more data than You Invest’s profiles.

TD Ameritrade wins here.


Investment Research and Education

You Invest provides basic information on how to trade securities. We found trading data on stocks (P/E ratio, shares outstanding, beta, 52-week range, and similar points) plus analyst ratings from JPMorgan in pdf format.

News articles are available courtesy of Comtex and Newswire. A dashboard displays America’s major indexes plus headline news. The broker’s equity screener is able to search by many criteria, and a convenient trade link is displayed in the results.

At TD Ameritrade, there is a learning center with lots of videos, self-guided courses, workshops, and articles on a variety of topics. Fundamental analysis, customizing thinkorswim, trading futures, and selling covered calls are a few examples. Moody’s provides free bond reports, while a long list of stock analysts provides equity reports.

Another loss for You Invest.


Other Services

Both companies in our investigation offer free DRIP service; although stocks priced below $5 can’t be enrolled at You Invest. While both of them offer IRA’s, TD Ameritrade has a larger selection.

Automatic investing in mutual funds is possible at both You Invest and TD Ameritrade. Neither broker charges for the service.

Margin accounts are available at TD Ameritrade, but not You Invest.

TD Ameritrade looks like the better option here.


Promotions

TD Ameritrade: $0 commission stocks/ETFs + get up to $600 cash.

JP Morgan Chase: First year get 100 no-commission online stock and ETF trades.



Our Recommendations

New traders should definitely go with TD Ameritrade. Its customer service and learning materials are much better than You Invest’s.

Long-term investors and retirement savers will find better resources at TD Ameritrade.

For mutual funds, the obvious pick is TD Ameritrade.

You Invest offers free equity trades to new customers and certain Chase Bank clients. Although these would be hard to pass up, TD Ameritrade’s software will provide a much better experience. While You Invest’s free trades can be used for ETF’s, we also like TD Ameritrade’s perpetual commission-free list.


Chase You Invest vs TD Ameritrade Summary

TD Ameritrade won every single category we looked at. We can only suggest You Invest for budget traders who already have bank accounts at Chase and want to keep all accounts at one company.


Open TD Ameritrade Account


Open TD Ameritrade Account

Open JP Morgan Chase Account


Open Chase Account


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