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JP Morgan Automated Investing offers personalized portfolios with a $500 minimum.
JP Morgan; Rachel Mendelson/Insider
Bottom Line: J.P. Morgan Online Investing is best for beginner investors, active traders, and existing Chase customers who want to avoid commissions when trading. The company is also great for passive investors looking for robo-advice and professionally managed accounts. But you may want to look elsewhere if you’re in search of copious trading tools and account types like trusts, joint accounts, or 529 plans.
Overall rating
FeatureInsider rating (out of 5)Fees4.50Investment selection4.50Access4.35Ethics5.00Customer service5.00Overall score4.65
Is J.P. Morgan right for you?
If you’re searching for low-cost investment options, don’t overlook J.P. Morgan online investing. The brokerage functions as the investment division of J.P. Morgan Securities, LLC, and it offers several inexpensive investment choices for both active traders and passive investors.
It includes two investment options: J.P. Morgan Self Directed Investing and J.P. Morgan Automated Investing. J.P. Morgan Self Directed Investing functions as an online brokerage, and J.P. Morgan Automated Investing provides managed portfolios.
J.P. Morgan online investing is also convenient for existing Chase Bank customers interested in trying their luck in the stock market. That’s not to say you’ve got to have a Chase bank account to sign up; the brokerage just makes it easier to connect all of your Chase accounts in one place.
However, a drawback of the platform is that it doesn’t offer joint accounts, education savings accounts, or trust accounts.
J.P. Morgan vs. E*TRADE
JP Morgan
E*TRADE
Min. Investment
$0 ($500 for robo-advice)
Min. Investment
$0 ($500 for robo-advice)
Fees
0% (0.35% for robo-advice)
Fees
0% (0.30% for robo-advice)
Investment choices
Stocks, ETFs, options, mutual funds, treasury bills, bonds, notes, and CDs
Investment choices
Stocks, ETFs, bonds, options, mutual funds, futures, and CDs
J.P. Morgan Online InvestingE*Trade
J.P. Morgan online investing and E*TRADE both offer self-directed investing, automated investing, and various investment choices. However, the platforms diverge when it comes to fees.
On the automated investing end, J.P. Morgan charges more in advisory fees, but it provides a wider range of investment types.
J.P. Morgan vs. SoFi
JP Morgan
SoFi
Min. Investment
$0 ($500 for robo-advice)
Min. Investment
$0 ($1 for robo-advice)
Fees
0% (0.35% for robo-advice)
Fees
0% (1.25% cryptocurrencies)
Investment choices
Stocks, ETFs, options, mutual funds, treasury bills, bonds, notes, and CDs
Investment choices
Stocks, ETFs, and cryptocurrencies
J.P. Morgan Online InvestingSoFi Invest
J.P. Morgan offers commission-free stocks, ETFs, and options, but SoFi only offers commission-free stocks and ETFs. SoFi makes up for this, though, with fee-free automated investing and its selection of cryptocurrencies.
Although you’ll have to pay for automated investing with J.P. Morgan, it offers more investment types.
Ways to invest with J.P. Morgan
Self-directed brokerage accounts
J.P. Morgan Self Directed Investing lets you place trades without paying commissions for stocks, ETFs, options, and mutual funds. You can get started without having to meet a minimum initial investment requirement, and you’ll be able to trade with general investment accounts, traditional IRAs, and Roth IRAs.
You’ll only run into fees for options contracts and secondary corporate bonds, municipal bonds, and brokered CDs. J.P. Morgan charges $0.65 per options contracts, while bonds and CDs cost $10 per trade plus an extra $1 for every bond over 10 bonds. Its options contract fee is normal, but some brokerages — like Robinhood, Webull, and Firstrade — let you skip out on options fees completely.
Chase’s mobile app also makes it possible to carry your investments with you wherever you go. Plus, existing Chase customers can access both their investing and bank accounts under one umbrella.
Automated investment management
You can also sign up for J.P. Morgan Automated Investing if you’d like your portfolio managed by professionals. This account is great for those who like robo-advice, but it also offers a unique feature: a team of investment specialists.
J.P. Morgan uses both automated investment technology and human specialists to keep your portfolio on track. So you won’t have to worry about making any trades or rebalancing your portfolio on your own like you would with a self-directed account.
Just be prepared to pay a bit more for J.P. Morgan Automated Investing. You’ll need a minimum of $500 to get started, and you’ll have to pay an annual advisory fee of 0.35%. Its automated account also includes a Portfolio Builder feature that helps you find investments that work best with your risk tolerance and short- or long-term savings goals. You’ll need at least $2,500 for this feature, though.
The platform mainly uses four portfolios: conservative, moderate, growth, and aggressive. Each portfolio utilizes a different mix of J.P. Morgan ETFs.
If you’re looking for more personalized financial advice from a human professional, you can sign up for J.P. Morgan Advisors.
Retirement accounts
Both J.P. Morgan Self Directed Investing and J.P. Morgan Automated Investing offer investment options for traditional IRAs and Roth IRAs. With the self-directed investing option, you can open either retirement account with no minimum requirement. But you’ll need at least $500 to get set up an automated traditional or Roth IRA with J.P. Morgan Automated Investing.
Additionally, it’s worth pointing out that J.P. Morgan online investing doesn’t offer IRA rollovers, SEP IRAs, and SIMPLE IRAs. If you’re looking for any of these accounts or other retirement plans, you should consider other brokerages.
J.P. Morgan: Is it trustworthy?
J.P. Morgan investing currently has an A+ rating with the Better Business Bureau. Since the BBB rates companies using an A+ to F range, this suggests that J.P. Morgan online investing displays trustworthy business practices and interacts well with its customers.
Though ratings aren’t the same for every company, the BBB says it assesses all companies by reviewing licensing information, advertising, government actions, and more. J.P. Morgan Chase has closed more than 1,600 complaints in the last 12 months, according to BBB data.
J.P. Morgan online investing hasn’t racked up any major lawsuits. But in 2020, the Commodity Futures Trading Commission forced its parent company, J.P. Morgan Chase, to pay a $920 million fine to settle market manipulation claims.
J.P. Morgan — Frequently asked questions (FAQ)
How much money do you need to invest with J.P. Morgan?
You don’t need any money to start investing with the J.P. Morgan Self Directed Investing. Plus, you can exchange commission-free stocks, ETFs, options, and mutual funds.
Its automated account, however, requires a minimum deposit of $500, and you’ll need to maintain a minimum account balance of $250 to keep utilizing its services.
Does J.P. Morgan have an IRA?
Yes. J.P. Morgan investing offers traditional IRAs and Roth IRAs.
Is J.P. Morgan a good investment?
This depends on your investing preferences. J.P. Morgan Self Directed Investing accounts could suit active traders or passive investors in search of low-cost stocks, ETFs, options, and mutual funds. Hands-off investors might prefer J.P. Morgan’s automated investing account.
Related terms
Active trading: Individuals who utilize this form of investing frequently trade securities to earn returns from short-term market fluctuations. Passive investing: Though completely different from active trading, passive investing can also be regarded as a form of long-term, self-directed investing; that is, you don’t have to be completely hands-off with this type of investing. You can also pick and choose passive funds that meet your long-term investment preferences.Cryptocurrencies: These are digital assets that are used as forms of payment for goods or services. Unlike fiat currencies like the US dollar, cryptocurrencies are completely decentralized. This means that no third-parties can interfere with transactions.