J.P. Morgan Chase versus Fidelity Investments: compare cost, commissions, investing fees, trading tools, account differences, pros and cons. Which online broker is better?

Fidelity vs. Chase Investing Introduction

Fidelity and J.P. Morgan Investing are both well-known names. But which one gives you a better trading experience? Here’s what we found.

J.P. Morgan and Fidelity Fees

First Category: Tradable Assets

J.P. Morgan Investing lets you invest in:

• Equities (on U.S. exchanges)
• Fixed income
• Options
• Funds (mutual, exchange-traded, and closed-end)

Fidelity gives you all of the above, plus life insurance, annuities, and foreign stocks on many global exchanges.

Fidelity also has portfolio management. The digital service costs between 0.0% and 0.35% per year. There are also traditional plans with different fees, minimums, and investments. One example trades municipal bonds, requires $350,000 to start, and charges up to 0.40% a year.

Winner: Fidelity

Second Category: Margin Trading

Fidelity lets self-directed customers buy more securities using borrowed money, for a fee. The rate is between 12.325% and 8.025%. You need $1,000,000 to get the lowest rate.

J.P. Morgan Investing also has margin accounts. Their rates range from 9.5% to 11.75%. Short selling is not allowed at J.P. Morgan.

Winner: Fidelity

Third Category: Websites

When logging into Fidelity, you see a dashboard with everything organized in tiles. There’s a search bar in the top right, and screeners to help find stocks or funds.





Fidelity’s trade ticket has both advanced and simple versions, each with several order types and duration options.

You can use full-screen charting with several tools, including color options and the ability to save charts as spreadsheets.

J.P. Morgan Investing uses the same site as Chase Bank. One login shows all your accounts, both banking and investing. The investing side has charts with tools, but you can’t go full-screen.





J.P. Morgan’s trade ticket gives real-time data, multiple durations, and order types. Bonds and options have their own easy-to-use tickets.

Winner: Fidelity

Fourth Category: Desktop Programs

Besides a great website, Fidelity also offers a desktop trading program called Active Trader Pro. Some features include:

• Conditional trade ticket
• Basket order form for sending multiple trades at once
• Level II quotes
• Streaming video news
• Advanced options tools with spreads

J.P. Morgan Investing does not have any desktop trading platform.

Winner: Fidelity

Fifth Category: Mobile Apps

Fidelity’s mobile app has many educational and investing features. For learning, there are podcasts, webinars, news from Reuters and Bloomberg, a learning center, and more.





For investing, the app has a trade ticket with 8 order types and 5 durations (including “on the open”). You can trade mutual funds and options, including some options spreads.

The J.P. Morgan Investing app is part of the Chase Bank app. It offers 4 order types and 5 durations (including “on the open” and “on the close”). You can trade calls, puts, and mutual funds, but not multi-leg option trades.





Both firms have tablet apps. Only Fidelity has apps for iMessage and Apple Watch.

Winner: Fidelity

Sixth Category: Extra Services

Periodic Mutual Fund Investing: Both offer recurring mutual fund investments.

DRIP Service: Available at both.

Banking Tools: You can link a Chase Bank account to a J.P. Morgan Investing account, but J.P. Morgan has no cash management features of its own. Fidelity has a Cash Management Account, with unlimited ATM fee refunds and five times the regular FDIC insurance, which J.P. Morgan does not offer.

Individual Retirement Accounts: Fidelity has a wider range of IRA options.

Fractional Shares: Fidelity lets you buy stocks and ETFs in whole dollars. J.P. Morgan does not.

Extended Hours: Only available at Fidelity.

Initial Public Offerings: Only at Fidelity.

Winner: Fidelity

Recommendations

Mutual Fund Trading: Fidelity offers 9,581 funds open to new investors, compared to 3,043 at J.P. Morgan. Fidelity also has better fund tools. We recommend Fidelity.

ETF & Stock Trading: Fidelity’s desktop program is excellent, and its website has better ETF resources.

Beginners: Fidelity’s robo service is good for beginners. For self-directed trading, Fidelity also has better learning tools, including a free newsletter, webinars, in-person events, articles, videos, and more.

Small Accounts: No minimums for self-directed traders. Fidelity’s robo program has a $10 minimum.

Long-Term Investors and Retirement Savers: Fidelity offers financial planning with human advisors and many tools on its website, including goal planning, annuities, 529 plans, college savings, wealth management, and charitable giving.

Fidelity vs J.P. Morgan Summary

Fidelity wins every category in this review. J.P. Morgan Investing is a trusted name, but that doesn’t mean it offers a better trading experience.

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