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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TradeStation vs J.P. Morgan Self-Directed 2021
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Overall Rating
| Feature | TradeStation | J.P. Morgan Self-Directed |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| TradeStation Review | J.P. Morgan Self-Directed Review | |
| Winner | check_circle |
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 |
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Stock Trading |
Yes | Yes |
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Fractional Shares |
No | No |
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OTCBB / Pink Sheets |
Yes | Yes |
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Options Trading |
Yes | Yes |
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Complex Options Max Legs |
4 | 1 |
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Futures Trading |
Yes | No |
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Forex Trading |
No | No |
| Crypto Trading | Yes | No |
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Mutual Funds (No Load) |
887 | 3500 |
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Mutual Funds (Total) |
4357 | 3500 |
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Bonds (US Treasury) |
Yes | Yes |
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Bonds (Corporate) |
Yes | Yes |
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Bonds (Municipal) |
Yes | Yes |
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Advisor Services |
No | Yes |
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International Trading |
No | No |
|
AI Assistant Bot |
No | No |
Order Types
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Order Type - Market |
Yes | Yes |
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Order Type - Limit |
Yes | Yes |
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Order Type - Stop |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | No |
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Order Type - Contingent |
Yes | No |
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Order Type - MultiContingent |
Yes | No |
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Order Type - OCO |
Yes | No |
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Order Type - OTO |
Yes | No |
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Order Type - OTOCO |
Yes | No |
Customer Service
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Phone Support (Prospect Customers) |
No | No |
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Phone Support (Current Customers) |
No | Yes |
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Email Support |
Yes | No |
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Live Chat (Prospect Customers) |
No | No |
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Live Chat (Current Customers) |
Yes | No |
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24/7 Support |
No | No |
Trading Platforms
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Desktop Platform (Windows) |
Yes | No |
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Desktop Platform (Mac) |
No | No |
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Web Platform |
Yes | Yes |
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Paper Trading |
Yes | No |
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Trade Journal |
No | No |
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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 |
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Charting - Indicators / Studies |
290 | 21 |
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Charting - Drawing Tools |
23 | 0 |
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Charting - Historical Trades |
Yes | No |
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Charting - Corporate Events |
No | Yes |
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Charting - Automated Analysis |
No | No |
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Charting - Save Profiles |
Yes | No |
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Trade Ideas - Technical Analysis |
Yes | No |
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Charting - Study Customizations |
12 | 1 |
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Charting - Custom Studies |
Yes | No |
Day Trading
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Stock Alerts - Basic Fields |
Yes | No |
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Stock Alerts - Advanced Fields |
Yes | No |
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Streaming Time & Sales |
Yes | No |
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Streaming TV |
No | No |
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Direct Market Routing - Stocks |
Yes | No |
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Direct Market Routing - Options |
Yes | No |
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Ladder Trading |
Yes | No |
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Trade Hot Keys |
Yes | No |
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Level 2 Quotes - Stocks |
Yes | No |
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Level 2 Quotes - Options |
Yes | No |
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Trade Ideas - Backtesting |
Yes | No |
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Short Locator |
Yes | No |
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Order Liquidity Rebates |
Yes | No |
Mobile Trading Apps
| Feature | TradeStation | J.P. Morgan Self-Directed |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Apple Watch App |
No | No |
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Trading - Stocks |
Yes | Yes |
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Trading - After-Hours |
Yes | No |
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Trading - Conditional Orders |
Yes | No |
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Trading - Mutual Funds |
No | Yes |
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Trading - Simple Options |
Yes | Yes |
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Trading - Complex Options |
Yes | No |
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Trading - Option Rolling |
No | No |
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Touch / Face ID |
Yes | Yes |
| Mobile Trading |
Mobile App Features
| Feature | TradeStation | J.P. Morgan Self-Directed |
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Watch List Syncing |
Yes | Yes |
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Stock Alerts |
Yes | No |
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Charting - After Hours |
Yes | No |
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Charting - Drawing |
Yes | No |
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Charting - Study Customizations |
Yes | No |
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Heatmapping |
No | No |
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Stream Live TV |
No | No |
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Barcode Lookup |
No | No |
| Mobile Trading |
Research Overview
| Feature | TradeStation | J.P. Morgan Self-Directed |
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Research - Stocks |
Yes | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Mutual Funds |
No | Yes |
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Research - Pink Sheets / OTCBB |
Yes | No |
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Research - Fixed Income |
No | No |
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Screener - Stocks |
Yes | Yes |
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Screener - ETFs |
No | Yes |
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Screener - Mutual Funds |
No | Yes |
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Screener - Options |
Yes | No |
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Screener - Bonds |
No | Yes |
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Misc - Portfolio Builder |
No | No |
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Misc - Portfolio Allocation |
No | Yes |
Stock Research
| Feature | TradeStation | J.P. Morgan Self-Directed |
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Stock Research - Reports |
0 | 1 |
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Stock Research - Earnings |
No | No |
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Stock Research - Insiders |
No | No |
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Stock Research - Metric Comp |
No | No |
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Stock Research - SEC Filings |
No | No |
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Stock Research - Social |
No | No |
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Stock Research - Balance Sheet |
No | No |
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Stock Research - Cash Flows |
No | No |
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Stock Research - News |
Yes | Yes |
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Stock Research - ESG |
No | No |
ETF Research
| Feature | TradeStation | J.P. Morgan Self-Directed |
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ETFs - Strategy Overview |
No | No |
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ETFs - Top 10 Holdings |
No | Yes |
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ETFs - Sector Exposure |
No | Yes |
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ETFs - Risk Analysis |
No | No |
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ETFs - Performance Analysis |
No | Yes |
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ETFs - Ratings |
No | Yes |
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ETFs - Morningstar StyleMap |
No | Yes |
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ETFs - Reports |
No | No |
Mutual Fund Research
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Mutual Funds - Strategy Overview |
No | No |
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Mutual Funds - Prospectus |
No | No |
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Mutual Funds - Reports |
No | No |
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Mutual Funds - Fees Breakdown |
No | No |
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Mutual Funds - Top 10 Holdings |
No | Yes |
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Mutual Funds - Asset Allocation |
No | Yes |
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Mutual Funds - Sector Allocation |
No | Yes |
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Mutual Funds - Country Allocation |
No | Yes |
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Mutual Funds - StyleMap |
No | Yes |
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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 |
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Option Probability Analysis |
Yes | No |
|
Option Probability Analysis Adv |
Yes | No |
|
Option Positions - Greeks |
Yes | No |
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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 |
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Education (Options) |
Yes | No |
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Education (Mutual Funds) |
No | No |
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Education (Fixed Income) |
No | No |
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Education (Retirement) |
No | Yes |
|
Paper Trading |
Yes | No |
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Videos |
Yes | Yes |
|
Webinars (Monthly Avg) |
10 | 0 |
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Webinars (Archived) |
No | No |
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Live Seminars |
Yes | No |
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Progress Tracking |
No | Yes |
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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 |
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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 | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| 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 have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both J.P. Morgan Self-Directed and TradeStation. 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at J.P. Morgan Self-Directed while customers at TradeStation can have 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
