Robinhood vs Chase Investing Overview
Are you deciding which brokerage to use for your next investment account? Robinhood and J.P. Morgan Investing are two solid options. Here's how they compare:
|
|
|
| Rating |
|
|
| Stocks, ETFs |
$0 |
$0 |
| Options (per contract) |
$0.65 |
$0.00 |
| Mutual Funds |
$0.00 |
n/a |
| Initial Funding Requirement |
$0 |
$0 |
| Inactivity Fee |
$0 |
$0 |
| IRA Annual Fee |
$0 |
$0 |
| IRA Termination Fee |
$75 |
$0 |
| Outgoing Wire Fees (Domestic) | $25 | $25 |
| Full Account Transfer Out | $75 | $100 |
| Partial Account Transfer Out | $75 | $0 |
Incentives
Robinhood:
Up to $200 free stock + 3% IRA match + transfer fee refund at Robinhood.
J.P. Morgan Chase:
$0 equity commissions with J.P. Morgan account.
Investment Lineups
Robinhood offers self-managed accounts with no annual fees and a smaller selection of tradable products, including:
- Stocks
- Option contracts
- Exchange-traded funds
- American Depository Receipts (ADRs)
- Real Estate Investment Trusts (REITs)
- Cryptocurrencies
J.P. Morgan Investing provides self-directed accounts with a wider range of tradable options. It offers all the products available at Robinhood, except cryptocurrencies, and adds mutual funds, bonds, fixed-income assets, and closed-end funds. Additionally, it includes over-the-counter stocks priced above $5, which are mostly unavailable at Robinhood.
Winner: J.P. Morgan Investing
Margin Services
Robinhood’s margin service is part of its Gold membership, which costs $5 per month and includes benefits like Level II quotes. The first $1,000 borrowed has a 0% interest rate, which is hard to beat. Beyond that, Robinhood charges 5.75% for balances under $50,000.
J.P. Morgan Investing also offers margin accounts with rates ranging from 10% to 12.25%.
Winner: Robinhood
Websites
J.P. Morgan Investing provides a simple website with an order ticket offering these four types:
- Market
- Limit
- Stop
- Stop limit
The site lacks advanced trading tools but supports unusual duration choices, such as on-the-open and on-the-close orders. Its charts feature technical studies, drawing tools, and seven plot styles, but they can’t be displayed full-screen.
Robinhood’s website allows full-screen charts but has fewer features overall. It offers only two graph styles and no drawing tools.
Robinhood’s options trading platform stands out. It supports multi-leg orders with up to four legs and shows profit-loss diagrams on options tickets. J.P. Morgan Investing only supports basic calls and puts due to its lack of margin services.
However, Robinhood doesn’t allow short selling, which is a limitation. Its trade ticket includes options like:
- Trailing stop
- Recurring investment
- Stop loss
Winner: Too close to call
Mobile Apps
Both brokers provide mobile apps for trading and account management, which are modeled after their websites with similar designs. The J.P. Morgan Investing app includes the same trade ticket and charting tools as its website. However, one limitation is that charts cannot be viewed horizontally on the mobile app, which can be slightly inconvenient. Without margin trading, advanced trading features might not be widely used by its customers.
Like its website, the J.P. Morgan app provides several personal finance tools through its partnership with Chase Bank. Features include mobile check deposit and free credit score access.
Robinhood’s app does not have these features but offers multiple watchlists, allowing users to separate securities and cryptocurrencies. It also includes an option strategy builder with profit-loss diagrams and guides for creating strategies like straddles and strangles, similar to its website.
The Robinhood trade ticket for stocks and cryptocurrencies matches the one on its website. Charts also have the same tools but lack horizontal viewing, similar to the J.P. Morgan app.
Winner: Pretty even overall
Additional Services
IRAs: Both brokers offer Individual Retirement Accounts. Robinhood stands out with a free 1% IRA match.
Cash Management Features: J.P. Morgan clients can link Chase Bank savings and checking accounts, which come with debit cards, check-writing abilities, and occasional fees. Robinhood offers a fee-free debit card, the Cash Card, with unique benefits like stock and crypto rewards. Robinhood also pays a competitive
4% APY on cash balances.
Extended Hours: Available only on Robinhood.
Automatic Mutual Fund Investing: J.P. Morgan allows customers to set up recurring mutual fund investments.
Dividend Reinvestment Plan: Both brokers offer free DRIP services.
Fractional-share Trading: Robinhood supports fractional trades for securities and cryptocurrencies using dollar amounts. J.P. Morgan only allows whole-share trading.
IPO Service: Robinhood enables customers to invest in Initial Public Offerings before they enter the secondary market, a feature J.P. Morgan lacks.
Winner: Robinhood
Promotions
Robinhood:
Up to $200 free stock + 3% IRA match + transfer fee refund at Robinhood.
J.P. Morgan Chase:
$0 equity commissions with J.P. Morgan account.
Recommendations
Equity Trading: J.P. Morgan has stock and ETF screeners and better charting tools, but Robinhood provides a slightly more user-friendly order ticket. Robinhood is our pick here.
Small Accounts: Either broker works well for small accounts.
Mutual Funds: Available only through J.P. Morgan.
Retirement Savers and Long-Term Investors: Robinhood offers a free 1% match on IRA contributions.
Beginners: Both brokers are beginner-friendly.
Robinhood vs Chase Brokerage Summary
Both brokers have strong points. Robinhood is the clear choice for margin and cryptocurrency trading, while J.P. Morgan is better suited for mutual fund investing.
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Updated on 4/11/2025.
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