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TradeStation vs J.P. Morgan Self-Directed 2021

Is J.P. Morgan Self-Directed better than TradeStation? After testing 11 of the best online brokers over three months, TradeStation (76.56%) is better than J.P. Morgan Self-Directed (68.86%). As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.


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Overall Rating

Feature TradeStation J.P. Morgan Self-Directed
Overall 4 3.5
Commissions & Fees 4.5 4
Offering of Investments 4.5 3.5
Platforms & Tools 5 1.5
Mobile Trading 4 3.5
Research 2 3.5
Education 3 2.5
Ease of Use 4.5 4
TradeStation Review J.P. Morgan Self-Directed Review
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Trading Fees

Feature TradeStation 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 $14.95 $0.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.50 $0.65
Futures (Per Contract) $1.50 N/A
Broker Assisted Trades Fee $50.00 $25.00

Margin Rates

Feature TradeStation J.P. Morgan Self-Directed
Under $24,999.99 9.50% N/A
$25,000.00 to $49,999.99 9.50% N/A
$50,000.00 to $99,999.99 8.75% N/A
$100,000.00 to $249,999.99 8.75% N/A
$250,000.00 to $499,999.99 8.75% N/A
$500,000.00 to $999,999.99 5.50% N/A
Above $1,000,000.00 5.50% N/A

Account Fees

Feature TradeStation J.P. Morgan Self-Directed
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $50.00 $75.00
Account Transfer Out (Partial) $125.00 $75.00
Account Transfer Out (Full) $125.00 $75.00
Returned ACH Fee $25.00 N/A
Returned Wire Fee $25.00 N/A
Stock Certificate Processing Fee $150.00 N/A
Stock Certificate Delivery Fee $15.00 N/A
Paper Statement Fee $1.00 $6.00
Paper Confirmation Fee $1.00 N/A
Domestic Wire Fee $25.00 $30.00
International Wire Fee $35.00 $30.00

Investment Options

Feature TradeStation J.P. Morgan Self-Directed
Stock Trading
Yes Yes
Fractional Shares
No 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 Yes No
Mutual Funds (No Load)
887 3500
Mutual Funds (Total)
4357 3500
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
No No
AI Assistant Bot
No No

Order Types

Feature TradeStation 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

Customer Service

Feature TradeStation J.P. Morgan Self-Directed
Phone Support (Prospect Customers)
No Yes
Phone Support (Current Customers)
No Yes
Email Support
Yes No
Live Chat (Prospect Customers)
No No
Live Chat (Current Customers)
Yes No
24/7 Support
No No

Trading Platforms

Feature TradeStation J.P. Morgan Self-Directed
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Heat Mapping
No No
Watch Lists - Total Fields
335 4

Charting Features

Feature TradeStation J.P. Morgan Self-Directed
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
290 21
Charting - Drawing Tools
23 0
Charting - Historical Trades
Yes No
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
12 1
Charting - Custom Studies
Yes No

Day Trading

Feature TradeStation J.P. Morgan Self-Directed
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
No No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes 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
Yes No
Order Liquidity Rebates
Yes No

Mobile Trading Apps

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

Mobile App Features

Feature TradeStation J.P. Morgan Self-Directed
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No

Research Overview

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

Stock Research

Feature TradeStation J.P. Morgan Self-Directed
Stock Research - Reports
0 1
Stock Research - Earnings
No No
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

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

Mutual Fund Research

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

Options Trading

Feature TradeStation J.P. Morgan Self-Directed
Option Chains - Streaming
Yes No
Option Chains - Total Columns
32 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 TradeStation J.P. Morgan Self-Directed
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Fixed Income)
No No
Education (Retirement)
No Yes
Paper Trading
Yes No
Videos
Yes Yes
Webinars (Monthly Avg)
10 0
Webinars (Archived)
No No
Live Seminars
Yes No
Progress Tracking
No Yes
Interactive Learning - Quizzes
No Yes

Banking

Feature TradeStation J.P. Morgan Self-Directed
Retail Locations
0 5000
Member FDIC
No Yes
Checking Accounts
No Yes
Savings Accounts
No Yes
Credit Cards
No Yes
Debit Cards
No Yes
Mortgage Loans
No Yes
No Fee Banking
No No

Overall

Feature TradeStation J.P. Morgan Self-Directed
Overall 4 3.5
Commissions & Fees 4.5 4
Offering of Investments 4.5 3.5
Platforms & Tools 5 1.5
Mobile Trading 4 3.5
Research 2 3.5
Education 3 2.5
Ease of Use 4.5 4
TradeStation Review J.P. Morgan Self-Directed Review
Winner check_circle

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 J.P. Morgan Self-Directed vs TradeStation.

Is J.P. Morgan Self-Directed or TradeStation better for beginners?
TradeStation is better for beginner investors than J.P. Morgan Self-Directed. TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options).

What about J.P. Morgan Self-Directed vs TradeStation pricing?
J.P. Morgan Self-Directed and TradeStation both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at J.P. Morgan Self-Directed and $0.50 at TradeStation. For a complete commissions summary, see our best discount brokers guide.

Does J.P. Morgan Self-Directed or TradeStation offer a wider range of investment options?
TradeStation offers a more diverse selection of investment options than J.P. Morgan Self-Directed. TradeStation offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Futures Trading. Looking at Mutual Funds, TradeStation offers its clients access to 4357 different mutual funds while J.P. Morgan Self-Directed has 3500 available funds, a difference of 857.

Which trading platform is better: J.P. Morgan Self-Directed or TradeStation?
To compare the trading platforms of both J.P. Morgan Self-Directed and TradeStation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation offers a better experience. With research, TradeStation offers superior market research. Finally, we found TradeStation 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 available to clients of J.P. Morgan Self-Directed while TradeStation offers customers none of these.

Overall winner: TradeStation

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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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