Compare J.P. Morgan Self Directed Investing versus Robinhood: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which online broker is better in 2022?

Overview of Chase Brokerage Account and Robinhood

Robinhood and J.P. Morgan Chase emphasize low-cost trading with minimal software and services. Each one does manage, however, to bring a lot to the table. This article will put them head-to-head and see which one is the over achiever.

Chase Investments Review Robinhood Review
Rating 4-star brokerage firm rating 3-star brokerage firm 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 n/a
IRA Termination Fee $75 n/a
Outgoing Wire Fees (Domestic)$25$25
Full Account Transfer Out$75$75
Partial Account Transfer Out$75$0


Robinhood: Open an account and get up to $200 in free stock.

J.P. Morgan Chase: Get up to $625 when you open and fund a J.P. Morgan Self-Directed Investing account.

Webull: Grab your last chance to get 12 free stocks valued up to $30,600.

Who Has the Larger Range of Investments?

Chase’s low-cost broker J.P. Morgan Chase has bonds, mutual funds, ADR’, options, stocks (including over-the-counter equities at $5 or above, and penny stocks on major U.S. exchanges), ETF’s, and closed-end funds.

Robinhood doesn’t offer trading in fixed-income assets or mutual funds. It does have American Depository Receipts, ETF’s, closed-end funds, options, crypto, and stocks. The last asset category includes American-based penny stocks that trade on the big exchanges. The broker offers a few OTC securities, and limited access to Canadian and Israeli exchanges.

Overall, it looks pretty even in this category.

Who Has the Better Trading Software?

The J.P. Morgan Chase site is the only desktop trading environment the broker offers. There is no desktop platform, trade bar, or browser platform. The order ticket offers several duration choices: GTC, on-the-open, on-the-close, day, and immediate or cancel. Stop, limit, and market orders can be used. There is no direct-access routing or Level II data.

JP Morgan vs Robinhood

Charting is at a basic level. There is no full-screen mode, unfortunately; but there are technical studies, comparisons, four chart styles, and company events. Up to ten years of price data can be shown. A stock can be added to a watchlist.

Moving to Robinhood, we do find full-screen charting on the company’s website. There is no trade bar, browser platform, or desktop software. In addition to full-screen mode, there are two chart styles, and four technical indicators (J.P. Morgan Chase has 21). Company events cannot be selected, another weakness compared to its rival. Like J.P. Morgan Chase, there are no drawing tools.

Robin Hood vs Chase

Robinhood’s trading ticket offers an extended-hours option, something that’s missing on J.P. Morgan Chase’s ticket. Order types include stop, market, and limit. There are fewer duration choices (just day and GTC). As with J.P. Morgan Chase, Level II quotes and direct-access routing are nowhere to be found; but there is a watchlist.

Another tie here.

Who Has the Better Mobile App?

The J.P. Morgan Chase app offers basic trading capability. Only a small chart is available with a maximum of 1 year of price data. Line is the only display choice. The app’s trading ticket is the same as the website offers. Mutual funds can be traded, a really nice feature.

Despite the simplicity of the trading features, there are news articles on market movements. The day’s big movers are shown. A customer service contact is integrated, stocks can be added to a watchlist (the same watchlist the website uses), and account balance over time is displayed. Touch ID is available (make sure you enable it in the settings). A recent addition to the app is mobile check deposit.

Robinhood’s app doesn’t provide Touch ID. Instead, a 4-digit PIN is required at each login. There is no mobile check deposit, but charting offers two display choices (line and candlestick). As with J.P. Morgan Chase, Robinhood uses its web-based order form for the app’s order form. We found less data on markets compared to J.P. Morgan Chase’s app. Two highlights are the ability to trade options and cryptocurrencies.

J.P. Morgan Chase is successful here.

Who Is Better for Education and Research?

J.P. Morgan Chase offers financial articles from JPMorgan on both its website and mobile app. They cover many important investing topics, such as how to trade earnings season, the basics of ETF’s, teaching children about money, and the differences between stocks and bonds. An Investing 101 section on the website has videos that cover topics such as volatility and how to build a portfolio.

Security profile pages at J.P. Morgan Chase have brief data points, such as next earnings release date, EPS, beta, and price targets from JPMorgan. Some stocks also have pdf reports from the same source.

What we were most impressed by during our research was J.P. Morgan Chase’s security search tools. It’s possible to scan for stocks, ETF’s, and mutual funds based on many criteria, such as sector, valuation, and performance.

Over at Robinhood, we found zero security screeners. The broker does display tags (such as energy and high volume) on a stock’s profile page. Clicking on one of these tags produces a list of stocks in the category, and the results can be sorted by several variables such as price.

There aren’t many education resources on the Robinhood site. There is a help area that hosts a FAQ on some trading questions, such as how to place a crypto order. Security profile pages at Robinhood are more brief than those we found at J.P. Morgan Chase.

J.P. Morgan Chase takes this category.

And What About Funds?

Since J.P. Morgan Chase provides trading in mutual funds, and Robinhood does not, the former broker clearly is our choice in that category.

But exchange-traded funds isn’t so easy. Both brokerage firms also provide ETF profiles with some information; although J.P. Morgan Chase definitely has more data.

J.P. Morgan Chase succeeds again.

Other Services

J.P. Morgan Chase offers automatic investing for mutual funds. Both brokers’ customers can enroll in a free DRIP service. J.P. Morgan Chase has IRA’s, but Robinhood does not.

J.P. Morgan Chase is obviously the better pick on these issues.

Our Recommendations

For new investors, we suggest J.P. Morgan Chase over Robinhood due to the former broker’s selection of educational materials.

For long-term investing and retirement savings, J.P. Morgan Chase once again is our choice.

For stocks and ETF’s, it’s pretty even.

For cryptocurrencies, the obvious choice is Robinhood.

We can easily recommend J.P. Morgan Chase for Chase Private Banking clients due to unlimited free trades.


Broker Review Broker
Mutual Fund
Option Promotion Offer
WeBull Webull Rating $0 na $0 Grab your last chance to get 12 free stocks valued up to $30,600.
TD Ameritrade 4.5-star brokerage firm rating $0 $49.99 ($0 to sell) $0 stock/ETF trades and a transfer fee refund.
M1 Finance 4.5-star brokerage firm rating $0 na na Get $10 for making a $100 deposit.


Robinhood: Open an account and get up to $200 in free stock.

J.P. Morgan Chase: Get up to $625 when you open and fund a J.P. Morgan Self-Directed Investing account.

Webull: Grab your last chance to get 12 free stocks valued up to $30,600.

Robinhood vs JP Morgan Brokerage Summary

JP Morgan J.P. Morgan Chase had minimal competition in this survey and wins easily. Investors who want free trades, though, should consider WeBull.

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