J.P. Morgan Self-Directed Investing Review: A Trusted Name for Casual and Long-Term Investors
Commission-free trading
Fees can really eat into your investment returns over time. With J.P. Morgan, you don’t have to worry about that. The broker doesn’t charge commissions when you trade stocks, ETFs, and mutual funds, which means more money stays in your pocket.
Many other brokerages also offer commission-free trading these days, but not all do, so it’s worth mentioning.
Beginner-friendly interface
When you’re new to investing, you want a platform that won’t overwhelm you. J.P. Morgan’s platform is clean and simple — making it a great beginner investing app.
You can begin with the “Quick Start” tutorial that shows new users the basics of investing. There’s also a helpful investment glossary that explains financial terms when you hover over them, so you won’t get stuck on confusing words.
J.P. Morgan also offers simple investment options with clear explanations about risks and potential returns. The broker has easy-to-understand charts and graphs that show performance without too much detail, plus pre-built investment portfolios for beginners who aren’t ready to pick individual stocks yet. For all these reasons and more, J.P. Morgan is a fantastic trading platform for beginners and casual investors alike.
Seamless integration for existing Chase customers
If you already have a Chase bank account or credit card, switching to J.P. Morgan is super easy. J.P. Morgan and Chase are actually the same bank. As a result, you can use the same username and password for both.
You can view all your bank accounts and investments in one place with the Chase app. Moving money between accounts is hassle-free, too. You can transfer funds, add to your investments, or save for later all in the app. Everything works together smoothly, which saves time and makes banking and investing both much easier.
Retirement-friendly investment options
For those focused on retirement planning, J.P. Morgan offers a range of mutual funds and ETFs suitable for long-term growth. While the platform doesn’t include advanced tools like tax optimization for retirement accounts, its simplicity and low fees make it a solid choice for investors who prioritize ease of use and a hands-off approach to managing their retirement savings.
Fractional shares
Fractional shares allow people to purchase parts of a share at a lower price. If you’re just starting out, or you’re on a tight budget, fractional shares can allow you to invest in big-name companies. J.P. Morgan’s beginner-friendly platform offers fractional shares starting at $5. Investments available for fractional share investing include:
- S&P 500 stocks
- NASDAQ 100 stocks
- ETFs