Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade vs SpeedTrader to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. SpeedTrader charges more than Chase You Invest Trade for placing regular stock trades ($4.49 and $2.95, respectively). With options, the base fees charged are $N/A (SpeedTrader) and $2.95 (Chase You Invest Trade). Each option contract then costs $0.75 at Chase You Invest Trade and $0 at SpeedTrader. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. SpeedTrader provides its clients with Stock Trading and Options Trading while Chase You Invest Trade provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Chase You Invest Trade offers its clients access to 2700 different mutual funds while SpeedTrader has 0 available funds, a difference of 2,700.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. SpeedTrader offers virtual trading while Chase You Invest Trade does not. For mobile trading, Both Chase You Invest Trade and SpeedTrader offer clients access to an iPhone App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Chase You Invest Trade while customers at SpeedTrader can have none of these.
Overall, between Chase You Invest Trade and SpeedTrader, SpeedTrader is the winner.
Chase You Invest Trade Review