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 come with trustworthy names. But which one of these two brokerage firms provides the better trading experience? We have the answer.

J.P. Morgan and Fidelity Fees

Fidelity Investments Review Chase Investments Review
Rating Fidelity Investments rating 4-star brokerage firm rating
Stocks, ETFs $0 $0
Options (per contract) $0.65 $0.65
Mutual Funds $49.95 $0
Initial Funding Requirement $0 $0
Inactivity Fee $0 $0
IRA Annual Fee $0 $0
Full Account Transfer Out$0$75
Partial Account Transfer Out$0$75


First Category: Tradable Assets

J.P. Morgan Self-Directed Investing offers access to the following financial instruments:

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

Over at Fidelity, the list is the same, but the broker adds life insurance, annuities, and foreign stocks on several global exchanges.

Both investment firms also offer portfolio management. For J.P. Morgan, this is the Automated Investing service. The cost is a maximum of 0.35% (some ETF expenses could be rebated, resulting in a reduced rate). There is no traditional human service.

Fidelity charges between 0.0% and 0.35% per annum for its digital service. Old-school packages are available with a variety of fees, minimums, and investment vehicles. One trades municipal bonds, has a $350,000 minimum, and charges up to 40 basis points annually.

Winner: Fidelity

Promotions

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

Fidelity: Open a Fidelity account and get $0 stock trades.



Second Category: Margin Trading

Fidelity self-directed customers can buy more securities with borrowed funds if they wish. Of course, there’s a fee for this generous service. The brokerage house charges between 9.825% and 5.525% for debit balances. It takes a million bucks to get to the lowest rate.

Margin accounts are not currently available with either J.P. Morgan Self-Directed Investing or J.P. Morgan Automated Investing.

Winner: Fidelity

Third Category: Websites

When we logged into our Fidelity test account, we were immediately impressed by the layout of the dashboard with various functions displayed in tiles. A search bar in the upper-right corner makes finding a stock or fund easy (of course there are screeners for this, too).


Fidelity or Chase


The Fidelity trade ticket has two versions: an advanced style and a simplified form. The former has several trade types and duration choices.

Charting on Fidelity’s site is available in full-screen mode with several tools like color customization and the ability to save a graph as a spreadsheet.

The J.P. Morgan Investing site is the same one Chase Bank customers use. A single login displays multiple financial accounts (brokerage and banking). Investing accounts get charts with tools, but there is no full-screen mode.


JP Morgan vs Fidelity


J.P. Morgan Investing’s trade ticket has real-time data with multiple duration choices and order types. Options and bonds have their own trade tickets that are easy to use.

Winner: Fidelity

Fourth Category: Desktop Programs

In addition to its very good website, Fidelity has designed a desktop trading program. Called Active Trader Pro, the software manages to live up to its name. During our probing of the platform, we really enjoyed using these features:

  • Conditional trade ticket
  • Basket order form that can send multiple trades simultaneously
  • Level II quotes
  • Streaming video news
  • Advanced option tools with spreads

Fidelity or Chase


J.P. Morgan Investing does not have a desktop platform, but it should!

Winner: Fidelity

Fifth Category: Mobile Apps

Fidelity does not stop with its desktop platform, either. The brokerage firm has an excellent mobile app that has some very good educational and investment widgets. For the former, there are podcasts, on-demand webinars, tiles of news articles (courtesy of Reuters, Bloomberg, and others), a learning center, and more.


Fidelity or Chase


For the latter, Fidelity’s app has a trade ticket with 8 trade types and 5 duration choices (on the open, but not on the close, is one of them). Mutual funds can be traded on the app, and there are integrated option spreads, too.

The J.P. Morgan Investing app is integrated into the Chase Bank app. The brokerage side of things has an order form with 4 trade types and 5 duration choices (on the open and on the close are two of them). Calls and puts can be traded, but there are no multi-leg plays. Mutual funds can be researched and traded as well.


Chase vs Fidelity


Besides phones, both firms have apps designed for tablets. Fidelity, but not J.P. Morgan, has software for iMessage and Apple Watch.

Winner: Fidelity

Sixth Category: Extra Services

Periodic Mutual Fund Investing: Both firms offer the ability to establish recurring mutual fund investments.

DRIP Service: Available at both brokerage houses.

Banking Tools: A Chase Bank account can be linked to a J.P. Morgan Investing account. The latter does not have any cash management features itself. Fidelity has something called the Cash Management Account. This is a discrete brokerage account that offers unlimited ATM fee refunds and five times the normal FDIC insurance (which aren’t available through J.P. Morgan Investing).

Individual Retirement Accounts: Fidelity customers get to choose from a larger selection of IRAs.

Fractional Shares: For stocks and ETFs, Fidelity offers the ability to trade in whole dollars. J.P. Morgan Self-Directed Investing does not.

Extended Hours: Only available at Fidelity.

Initial Public Offerings: Again, only available at Fidelity.

Winner: Fidelity

Recommendations

Mutual Fund Trading: On the Fidelity website, we found 9,581 funds open to new investors. Over at J.P. Morgan Investing, we found 3,043. Fidelity also has much better fund resources. We definitely recommend Fidelity.

ETF & Stock Trading: With Fidelity’s very good desktop platform, this one is a no brainer. Fidelity’s website also delivers more thorough ETF resources.

Beginners: We can defend either robo service for novices. For self-directed trading, Fidelity has better educational materials, including a free weekly newsletter, online coaching sessions, live and on-demand webinars, in-person events, branch locations, learning articles and videos, and much more.

Small Accounts: There are no minimums for self-directed traders. J.P. Morgan Automated Investing has a $500 minimum. Fidelity’s robo service has a $10 minimum.

Long-Term Investors and Retirement Savers: Fidelity’s human advisors can do financial planning and more. Plus, it has many long-term tools on its website for self-directed clients, including goal planning, annuities, 529 plans, college saving, wealth management, charitable giving, and more.


Promotions

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

Fidelity: Open a Fidelity account and get $0 stock trades.



Alternatives

Broker Review Broker
Rating
Stock/ETF
Fee
Mutual Fund
Fee
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.


Fidelity vs J.P. Morgan Fees Summary

Fidelity has won every single category in this survey. Although J.P. Morgan Investing has a trustworthy name, that doesn’t mean it delivers the better trading experience.

Updated on 1/13/2022.




Disclosure

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

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