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Charles Schwab vs J.P. Morgan Self-Directed 2021

Is Charles Schwab better than J.P. Morgan Self-Directed? After testing 11 of the best online brokers over three months, Charles Schwab (95.87%) is better than J.P. Morgan Self-Directed (68.86%). With more than $6 trillion in client assets, Charles Schwab understands how to consistently deliver value to its customers. Highlights include $0 trades, excellent stock research, a diverse selection of trading tools, and an industry-leading offering of financial planning services.


Overall Rating

Feature Charles Schwab J.P. Morgan Self-Directed
Overall 5 3.5
Commissions & Fees 4.5 4
Offering of Investments 5 3.5
Platforms & Tools 4.5 1.5
Mobile Trading 4 3.5
Research 5 3.5
Education 4.5 2.5
Ease of Use 5 4
Charles Schwab Review J.P. Morgan Self-Directed Review
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Trading Fees

Feature Charles Schwab J.P. Morgan Self-Directed
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $49.95 $0.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.65
Futures (Per Contract) $1.50 N/A
Broker Assisted Trades Fee $25.00 $25.00

Margin Rates

Feature Charles Schwab J.P. Morgan Self-Directed
Under $24,999.99 8.33% N/A
$25,000.00 to $49,999.99 7.83% N/A
$50,000.00 to $99,999.99 6.88% N/A
$100,000.00 to $249,999.99 6.83% N/A
$250,000.00 to $499,999.99 6.58% N/A
$500,000.00 to $999,999.99 5.08% N/A
Above $1,000,000.00 4.70% N/A

Account Fees

Feature Charles Schwab J.P. Morgan Self-Directed
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $50.00 $75.00
Account Transfer Out (Partial) $25.00 $75.00
Account Transfer Out (Full) $50.00 $75.00
Returned ACH Fee $25.00 N/A
Returned Wire Fee $25.00 N/A
Stock Certificate Processing Fee $100.00 N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $0.00 $6.00
Paper Confirmation Fee $0.00 N/A
Domestic Wire Fee $25.00 $30.00
International Wire Fee $25.00 $30.00

Investment Options

Feature Charles Schwab J.P. Morgan Self-Directed
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 1
Futures Trading
Yes No
Forex Trading
No No
Crypto Trading No No
Mutual Funds (No Load)
7223 3500
Mutual Funds (Total)
9860 3500
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes Yes
International Trading
Yes No
AI Assistant Bot
Yes No

Order Types

Feature Charles Schwab J.P. Morgan Self-Directed
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No

Trading Platforms

Feature Charles Schwab J.P. Morgan Self-Directed
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No No
Trade Journal
Yes No
Heat Mapping
Yes No
Watch Lists - Total Fields
130 4

Charting Features

Feature Charles Schwab J.P. Morgan Self-Directed
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
41 21
Charting - Drawing Tools
15 0
Charting - Historical Trades
No No
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
7 1
Charting - Custom Studies
No No

Day Trading

Feature Charles Schwab J.P. Morgan Self-Directed
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
No No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
No No
Order Liquidity Rebates
No No

Mobile Trading Apps

Feature Charles Schwab J.P. Morgan Self-Directed
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes Yes
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Mobile Trading 4 3.5

Mobile App Features

Feature Charles Schwab J.P. Morgan Self-Directed
Watch List Syncing
Yes Yes
Stock Alerts
No No
Charting - After Hours
No No
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4 3.5

Research Overview

Feature Charles Schwab J.P. Morgan Self-Directed
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes Yes
Screener - Options
Yes No
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Charles Schwab J.P. Morgan Self-Directed
Stock Research - Reports
8 1
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature Charles Schwab J.P. Morgan Self-Directed
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
Yes Yes
ETFs - Reports
Yes No

Mutual Fund Research

Feature Charles Schwab J.P. Morgan Self-Directed
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes Yes
Mutual Funds - Asset Allocation
Yes Yes
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes Yes
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes Yes

Options Trading

Feature Charles Schwab J.P. Morgan Self-Directed
Option Chains - Streaming
Yes No
Option Chains - Total Columns
44 6
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No

Beginners

Feature Charles Schwab J.P. Morgan Self-Directed
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes No
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes Yes
Paper Trading
No No
Videos
Yes Yes
Webinars (Monthly Avg)
100 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No Yes
Interactive Learning - Quizzes
No Yes

Banking

Feature Charles Schwab J.P. Morgan Self-Directed
Retail Locations
360 5000
Member FDIC
Yes Yes
Checking Accounts
Yes Yes
Savings Accounts
Yes Yes
Credit Cards
Yes Yes
Debit Cards
Yes Yes
Mortgage Loans
Yes Yes
No Fee Banking
Yes No

Overall

Feature Charles Schwab J.P. Morgan Self-Directed
Overall 5 3.5
Commissions & Fees 4.5 4
Offering of Investments 5 3.5
Platforms & Tools 4.5 1.5
Mobile Trading 4 3.5
Research 5 3.5
Education 4.5 2.5
Ease of Use 5 4
Charles Schwab Review J.P. Morgan Self-Directed Review
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Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Charles Schwab vs J.P. Morgan Self-Directed.

Is Charles Schwab or J.P. Morgan Self-Directed better for beginners?
Charles Schwab is better for beginner investors than J.P. Morgan Self-Directed. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about Charles Schwab vs J.P. Morgan Self-Directed pricing?
Charles Schwab and J.P. Morgan Self-Directed both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts at both of the brokerages are the same at $0.65 each. For a complete commissions summary, see our best discount brokers guide.

Does Charles Schwab or J.P. Morgan Self-Directed offer a wider range of investment options?
Charles Schwab offers a more diverse selection of investment options than J.P. Morgan Self-Directed. Charles Schwab offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Advisor Services and International Trading. Looking at Mutual Funds, J.P. Morgan Self-Directed trails Charles Schwab by 6,360 total mutual funds, with Charles Schwab offering 9860 and J.P. Morgan Self-Directed offering 3500.

Which trading platform is better: Charles Schwab or J.P. Morgan Self-Directed?
To compare the trading platforms of both Charles Schwab and J.P. Morgan Self-Directed, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Charles Schwab offers a better experience. With research, Charles Schwab offers superior market research. Finally, we found Charles Schwab to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are found at Charles Schwab alongside J.P. Morgan Self-Directed.

Overall winner: Charles Schwab

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All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

*INVESTMENT PRODUCTS: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

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