J.P. Morgan Self-Directed Investing: Platform Profile
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Overview
J.P. Morgan Self-Directed Investing is a bank-integrated brokerage designed around Chase.com and the Chase Mobile app.
Current product access includes:
- U.S.-listed stocks;
- ETFs;
- fractional shares;
- listed options;
- mutual funds;
- money market funds;
- U.S. Treasuries;
- other fixed income;
- Traditional and Roth IRAs;
- margin;
- a bank-deposit cash sweep.
The platform's main advantage is not specialized trading technology.
It is integration with the wider Chase/J.P. Morgan relationship.
May fit better for
- existing Chase customers;
- long-term stock and ETF investors;
- investors who want $5 fractional purchases in eligible large-cap securities;
- mutual-fund investors;
- Treasury investors;
- IRA investors;
- investors who value banking and brokerage inside the same app.
May fit less well for
- futures traders;
- direct-crypto traders;
- active traders seeking highly specialized desktop software;
- options traders looking for a contract fee below $0.65;
- investors who need non-U.S. securities trading;
- users who want a publicly posted fixed cash-sweep yield.
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Legal identity
Investment products and services are offered through:
- Legal name: J.P. Morgan Securities LLC
- FINRA CRD: 79
- SEC registered broker dealer: Yes
- FINRA member: Yes
- SIPC member: Yes
- Investment adviser registration: Yes
- Parent company: JPMorgan Chase & Co.
J.P. Morgan Securities is separate from:
- Bank affiliate: JPMorgan Chase Bank, N.A.
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Self-directed account relationship
Current Form CRS states that self-directed brokerage accounts allow customers to make their own investment decisions and trades.
Research tools and screens do not turn the self-directed account into a managed account.
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Online pricing
Current pricing:
- Stocks:
- Online commission: $0
- ETFs:
- Online commission: $0
- Options:
- Online base commission: $0
- Contract fee: $0.65
- Mutual funds:
- Online transaction fee: $0
- Money market funds:
- Online transaction fee: $0
- US Treasuries:
- Online secondary trade fee: $0
Fund expenses and regulatory fees can still apply.
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Options cost example
For 10 contracts:
10 × $0.65 = $6.50
for the stated contract fees before applicable regulatory charges.
A call-in options order adds:
- Call in options:
- Trade fee: $25
- Contract fee: $0.65
Self-service execution therefore matters to total cost.
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Fractional shares
Fractional trading is a current feature.
- Fractional shares:
- Minimum: $5
- Eligible universe:
- eligible S&P 500 stocks
- eligible NASDAQ 100 stocks
- eligible ETFs
- Market orders: Yes
- Fractional precision: up to 5 decimal places
The feature is not a universal fractional-share program for every listed security.
"Every stock at J.P. Morgan can be purchased fractionally."
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Fractional crypto ETF access
Current platform features specifically market fractional access to eligible cryptocurrency ETFs.
This is securities exposure to crypto-related funds.
It is not a direct spot-crypto account.
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Mutual funds
Current platform page states that Self-Directed Investing offers:
- Mutual funds:
- Online trade fee: $0
- Broad provider selection: Yes
The page identifies providers including:
- BlackRock;
- Vanguard;
- Fidelity;
- J.P. Morgan.
Fund expense ratios and other fund-level costs remain.
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Treasuries and other fixed income
Current pricing:
- US Treasury bills notes bonds:
- Online secondary fee: $0
- Other secondary fixed income:
- Base trade fee: $10
- Per bond fee over 10 bonds: $1
- Maximum: $250
- New issue brokered CDs:
- Transaction fee: $0
- Selling concession in price: Yes
Treasuries and other secondary bonds use different pricing.
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Full transfer and wire fees
Current pricing:
- Full brokerage transfer out: $75
- Retirement full distribution or transfer out: $75
- Wire transfer: $25
These are not trading commissions.
They matter when leaving the platform or moving assets externally.
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Margin
Current published margin formula:
- Margin spreads:
- 0 to 25000: Prime + 4.75%
- 25001 to 50000: Prime + 4.50%
- 50001 to 100000: Prime + 4.00%
- 100001 to 500000: Prime + 3.75%
- 500001 to 1000000: Prime + 3.00%
- 1000001 to 3000000: Prime + 2.50%
- 3000001 to 10000000: SOFR + 2.35%
- Above 10000000: SOFR + 1.85%
The actual APR changes when Prime or SOFR changes.
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Cash sweep
J.P. Morgan Self-Directed Investing customers can elect the:
- Cash sweep: JPMorgan Chase Deposit Account
- Type: bank deposit sweep
Current public sweep page does not publish a numeric Self-Directed sweep yield.
It directs customers to contact the Client Service Center for current Self-Directed sweep rates.
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Cash sweep protection distinction
Cash that is swept into the applicable JPMorgan Chase deposit account is a bank deposit subject to bank-deposit terms and FDIC rules.
Investment securities remain brokerage assets.
"J.P. Morgan Self-Directed accounts are FDIC insured."
Use product-specific language.
- Brokerage SIPC: Yes
- Bank deposit sweep FDIC context: Yes
- Investment market loss FDIC: No
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IRAs
Current retirement pages support:
- Traditional IRA: Yes
- Roth IRA: Yes
- Fractional shares in Self Directed IRA: Yes
Current rollover materials also support transfers/rollovers into eligible J.P. Morgan IRAs.
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International securities limitation
Current trading FAQ states:
- Non US securities direct trading: No
- US listed ADRs: Yes
That distinguishes J.P. Morgan Self-Directed from brokers with direct access to multiple foreign exchanges.
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Platform and tools
Current features include:
- Chase Mobile integration;
- Chase.com trading;
- watchlists;
- performance views;
- custom/preset screens;
- stock/ETF/mutual-fund screens;
- fixed-income tools;
- margin;
- fractional shares.
This is a consumer brokerage platform.
Assessment
J.P. Morgan Self-Directed Investing is strongest for investors who already live inside the Chase ecosystem.
The platform now covers more than the basic stock brokerage it once resembled:
- $5 fractional shares;
- broad $0 online mutual-fund access;
- $0 online Treasury trades;
- options;
- money market funds;
- margin;
- IRAs.
The tradeoff is specialization.
Options still cost $0.65 per contract.
Foreign-market access is limited.
There is no current direct-spot-crypto account in the product set supplied here.
The most important distinction is between the brokerage and the bank:
J.P. Morgan Securities holds the investment relationship. JPMorgan Chase Bank provides the separate deposit sweep.
That is how SIPC and FDIC language should be rendered.
General information
| Legal entity | J.P. Morgan Securities LLC |
|---|---|
| Available to US investors | Yes |
Investment types available
| ETFs | Yes |
|---|---|
| Margin | Yes |
| Stocks | Yes |
| Futures | No |
| Options | Yes |
| Treasuries | Yes |
| Crypto ETFs | Yes |
| Brokered CDs | Yes |
| Mutual funds | Yes |
| US listed ADRs | Yes |
| Fractional shares | Yes |
| Money market funds | Yes |
| Other fixed income | Yes |
| Non US securities direct | No |
| Direct spot crypto current verified | No |
Costs and minimums
| Wire transfer | $25 |
|---|---|
| Ira cost summary | The self-directed IRA has no account minimum. Online U.S.-listed stock and ETF trades cost $0, options cost $0.65 per contract, and fund expenses or transaction fees can apply. The separate $75 full transfer or account-termination charge is an outgoing fee, not an ongoing account cost. |
| Margin 0 to 25000 | Prime + 4.75% |
| Option contract fee | $0.65 |
| Options contract fee | $0 base commission plus $0.65 per contract. |
| Incoming rollover fee | J.P. Morgan does not charge a fee to receive an eligible rollover. Its current pricing also does not list a fee for an incoming brokerage account transfer. The releasing institution may charge. |
| Margin 25001 to 50000 | Prime + 4.50% |
| Margin above 10000000 | SOFR + 1.85% |
| Online ETF commission | $0 |
| Margin 50001 to 100000 | Prime + 4.00% |
| Margin 100001 to 500000 | Prime + 3.75% |
| Online stock commission | $0 |
| Margin 500001 to 1000000 | Prime + 3.00% |
| Call in options trade fee | $25 |
| Margin 1000001 to 3000000 | Prime + 2.50% |
| Margin 3000001 to 10000000 | SOFR + 2.35% |
| Online us stock commission | $0 commission for online trades of U.S.-listed stocks and ETFs. Regulatory and other transaction fees can still apply. |
| Full brokerage transfer out | $75 |
| Call in options contract fee | $0.65 |
| Full account transfer out fee | A full outgoing brokerage account transfer or account termination costs $75. A full retirement-account distribution or transfer also costs $75. |
| Option online base commission | $0 |
| US Treasury online secondary fee | $0 |
| Mutual fund online transaction fee | $0 |
| Other secondary fixed income maximum | $250 |
| New issue brokered CD transaction fee | $0 |
| Money market fund online transaction fee | $0 |
| Other secondary fixed income base trade fee | $10 |
| Retirement full distribution or transfer out | $75 |
| Other secondary fixed income per bond over 10 bonds | $1 |
Account types
| Roth IRA | Yes |
|---|---|
| Cash sweep | JPMorgan Chase Deposit Account |
| Self directed | Yes |
| Rollover paths | J.P. Morgan documents direct rollovers from eligible workplace plans and transfers from external IRAs. It also provides a Roth conversion process for eligible assets. A conversion is separate from a like-to-like transfer and can have tax consequences. |
| Traditional IRA | Yes |
| Cash sweep type | bank deposit sweep |
| Customer service | Phone support is available at 1-833-542-1013 Monday through Friday from 8 a.m. to 9 p.m. ET and Saturday from 9 a.m. to 5 p.m. ET. |
| Ira account model | This row covers the self-directed brokerage IRA, where the customer chooses and places investments. J.P. Morgan Personal Advisors and other wealth-management services are separate products and do not define this account's minimum or fee. |
| Default cash sweep | Unless another eligible option is selected, uninvested cash is automatically swept to a deposit account at JPMorgan Chase Bank, N.A. The bank deposit is eligible for FDIC insurance within applicable limits and is not protected by SIPC. |
| Ira to ira transfer | Eligible Traditional and Roth IRA assets can be transferred from an outside institution to the corresponding J.P. Morgan Self-Directed Investing IRA. Some securities may not be accepted online or may need to be sold before transfer. |
| Cash sweep available | Yes |
| Ira investment lineup | The self-directed IRA can hold eligible stocks, ETFs, mutual funds, bonds, certificates of deposit, and options with approval. Security eligibility and transferability vary, and certain assets may have to be sold before the move. |
| Account opening minimum | $0 |
| Workplace plan rollover | J.P. Morgan supports eligible rollovers from old 401(k) plans and other named employer retirement accounts into a J.P. Morgan IRA. The releasing plan and receiving account determine eligibility and whether assets must move as cash. |
| Discretionary management | No |
| Retirement accounts note | Traditional and Roth IRAs are available for J.P. Morgan Self-Directed Investing. |
| Fractional shares in Self Directed IRA | Yes |
Platform and trading features
| Screens | Yes |
|---|---|
| Mobile app | The Chase Mobile app supports account monitoring, research, order entry, transfers, and recurring investment management for Self-Directed Investing accounts. |
| Watchlists | Yes |
| Web platform | The account can be managed and traded through the browser-based investing experience on chase.com. J.P. Morgan does not document a separate downloadable desktop trading platform for this account. |
| Performance views | Yes |
| Fixed income tools | Yes |
| Fractional minimum | $5 |
| Recurring investing | Recurring purchases are available for eligible stocks, ETFs, and mutual funds. The minimum recurring purchase for an eligible stock or ETF is $5, and margin accounts are not eligible. |
| Research and education | Customers can use Investing Insights, market news, security research, screeners, and educational material within the Chase investing experience. |
| Chase mobile integration | Yes |
| Fractional market orders | Yes |
| Fractional universe limited | Yes |
| Fractional eligible universe | eligible S&P 500 stocks, eligible NASDAQ 100 stocks, eligible ETFs |
| Fractional precision reference | up to 5 decimal places |
Options capabilities
| Contract fee | $0.65 |
|---|---|
| Online base commission | $0 |
Regulation and investor protection
| FINRA CRD | 79 |
|---|---|
| Legal name | J.P. Morgan Securities LLC |
| SIPC member | Yes |
| FINRA member | Yes |
| Bank affiliate | JPMorgan Chase Bank, N.A. |
| Brokerage SIPC | Yes |
| Parent company | JPMorgan Chase & Co. |
| Entity structure | J.P. Morgan Securities LLC is the broker-dealer and is a FINRA and SIPC member. Eligible cash swept to JPMorgan Chase Bank, N.A. is a bank deposit covered by FDIC insurance within applicable limits, while brokerage investments are not FDIC-insured. |
| Investment market loss FDIC | No |
| SEC registered broker dealer | Yes |
| Bank deposit sweep FDIC context | Yes |
| Investment adviser registration | Yes |
Sources
- J.P. Morgan — Online investing
- J.P. Morgan — Online investing pricing
- J.P. Morgan — Fractional shares
- J.P. Morgan — Self-Directed investing features
- J.P. Morgan — Self-Directed Investing FAQs
- J.P. Morgan — Trading FAQs
- J.P. Morgan — IRAs
- J.P. Morgan — Sweep options and yields
- FINRA BrokerCheck — J.P. Morgan Securities LLC (CRD 79)
- J.P. Morgan — Form CRS (PDF)
- J.P. Morgan — Safety and soundness
- J.P. Morgan — Brokerage account agreement
- J.P. Morgan Self-Directed Investing — JPM-ROLLOVER
- J.P. Morgan Self-Directed Investing — JPM-ROLLOVER-STEPS
- J.P. Morgan Self-Directed Investing — JPM-ROTH-IRA
- J.P. Morgan Self-Directed Investing — JPM-IRA-FAQ
- J.P. Morgan Self-Directed Investing — JPM-TRANSFER-OFFER