Firstrade vs J.P. Morgan Self-Directed Investing Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Firstrade vs J.P. Morgan Self-Directed Investing.
Is Firstrade or J.P. Morgan Self-Directed Investing better for beginners?
J.P. Morgan Self-Directed Investing offers more comprehensive new investor education for beginner investors than Firstrade. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), while J.P. Morgan Self-Directed Investing offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement). Neither have Paper Trading. See our guide to Best Paper Trading Platforms for more.
What about Firstrade vs J.P. Morgan Self-Directed Investing pricing?
Firstrade and J.P. Morgan Self-Directed Investing charge the same amount for regular stock trades, $0.00. Option contracts are pricier at J.P. Morgan Self-Directed Investing, costing $0.65 per contract versus $0.00 per contract at Firstrade. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Firstrade or J.P. Morgan Self-Directed Investing offer a wider range of investment options?
Firstrade offers investors access to Stock Trading, Options Trading, OTC Stocks and Mutual Funds, while J.P. Morgan Self-Directed Investing offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services. Neither have Fractional Shares, Futures Trading and Forex Trading. Looking at Mutual Funds, J.P. Morgan Self-Directed Investing trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and J.P. Morgan Self-Directed Investing offering 3500.
Which trading platform is better: Firstrade or J.P. Morgan Self-Directed Investing?
To compare the trading platforms of Firstrade and J.P. Morgan Self-Directed Investing, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Firstrade offers a better experience. With research, Firstrade offers superior market research. Finally, we found Firstrade 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 and Debit Cards are offered by Firstrade while J.P. Morgan Self-Directed Investing offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Is Firstrade good?
Firstrade scored well in our 2023 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.
Is J.P. Morgan Self-Directed Investing good?
J.P. Morgan Self-Directed Investing makes it easy for Chase Bank customers to invest and allows access to J.P. Morgan research. On the downside, the broker features are sparse compared to industry leaders.
Firstrade vs J.P. Morgan Self-Directed Investing Winner
Overall winner: Firstrade
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