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Firstrade vs J.P. Morgan Self-Directed Investing 2024

StockBrokers.com

Written by StockBrokers.com

January 31, 2024

Is Firstrade better than J.P. Morgan Self-Directed Investing? After testing 18 of the best online brokers, our analysis finds that Firstrade (87.7%) is better than J.P. Morgan Self-Directed Investing (82.2%). Firstrade scored well for penny stock trading in our 2024 Annual Awards, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

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Compare

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Overall Rating Firstrade J.P. Morgan Self-Directed Investing
Overall 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Customer Service 3.0/5 Stars N/A
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review J.P. Morgan Self-Directed Investing Review
Broker Screenshots Firstrade J.P. Morgan Self-Directed Investing
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Firstrade J.P. Morgan Self-Directed Investing
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 $0.00
Mutual Fund Trade Fee $0 $0
Options (Per Contract) $0.00 $0.65
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $19.95 Varies
Margin Rates Firstrade J.P. Morgan Self-Directed Investing
Margin Rate Under $25,000 13.75% 13.25%
Margin Rate $25,000 to $49,999.99 13.5% 13%
Margin Rate $50,000 to $99,999.99 13% 12.5%
Margin Rate $100,000 to $249,999.99 12.5% 12.25%
Margin Rate $250,000 to $499,999.99 12.25% 12.25%
Margin Rate $500,000 to $999,999.99 10.35% 11.5%
Margin Rate Above $1,000,000 9.75% 11% info
Account Fees Firstrade J.P. Morgan Self-Directed Investing
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $75.00
Account Transfer Out (Partial) info $55.00 $0.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Firstrade J.P. Morgan Self-Directed Investing
Stock Trading info Yes Yes
Margin Trading Yes Yes info
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 1
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 15460 3500
Mutual Funds (Total) info 19666 3500
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types Firstrade J.P. Morgan Self-Directed Investing
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes Yes
Beginners Firstrade J.P. Morgan Self-Directed Investing
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes No
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Firstrade J.P. Morgan Self-Directed Investing
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Firstrade J.P. Morgan Self-Directed Investing
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Watch Lists - Total Fields info 50 4
Stock App Charting Firstrade J.P. Morgan Self-Directed Investing
Charting - After-Hours info No No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 81 36
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No No
Trading Platforms Firstrade J.P. Morgan Self-Directed Investing
Active Trading Platform info Firstrade Navigator No
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 50 4
Stock Chart Features Firstrade J.P. Morgan Self-Directed Investing
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 102 36
Charting - Drawing Tools info 8 10
Charting - Notes info No No
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info No No
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info No No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 3
Charting - Custom Studies info No No
Day Trading Firstrade J.P. Morgan Self-Directed Investing
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hot Keys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Firstrade J.P. Morgan Self-Directed Investing
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Bonds info Yes Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research Firstrade J.P. Morgan Self-Directed Investing
Stock Research - PDF Reports info 1 2
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes No
ETF Research Firstrade J.P. Morgan Self-Directed Investing
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes Yes
ETFs - PDF Reports info Yes No
Mutual Fund Research Firstrade J.P. Morgan Self-Directed Investing
Mutual Funds - Strategy Overview info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes Yes
Mutual Funds - StyleMap info Yes Yes
Options Trading Firstrade J.P. Morgan Self-Directed Investing
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info No No
Option Chains - Total Columns info 8 6
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info No No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info No No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info No No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info No No
Banking Firstrade J.P. Morgan Self-Directed Investing
Bank (Member FDIC) info No Yes
Checking Accounts info Yes Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info Yes Yes
Mortgage Loans info No Yes
Customer Service Firstrade J.P. Morgan Self-Directed Investing
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No Yes
Overall Firstrade J.P. Morgan Self-Directed Investing
Overall 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review J.P. Morgan Self-Directed Investing Review
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Firstrade vs J.P. Morgan Self-Directed Investing Comparison

Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.

Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare Firstrade vs J.P. Morgan Self-Directed Investing.

Is Firstrade or J.P. Morgan Self-Directed Investing better for beginners?

In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.

For 2024, our review finds that J.P. Morgan Self-Directed Investing offers more comprehensive new investor education for beginning 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.

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. Firstrade and J.P. Morgan Self-Directed Investing both charge (Not offered) per option contract. For a deeper dive, see our best brokers for free stock trading or options trading guides

Does Firstrade or J.P. Morgan Self-Directed Investing offer a wider range of investment options?

Looking at a full range of investment options, including order types and international trading, our research has found that Firstrade offers a more comprehensive offering than J.P. Morgan Self-Directed Investing. Firstrade ranks #6 out of 18 brokers for our Investment Options category, while J.P. Morgan Self-Directed Investing ranks #10.

Firstrade offers investors access to Stock Trading, Fractional Shares, 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 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 4206 and J.P. Morgan Self-Directed Investing offering 3500.

Do Firstrade and J.P. Morgan Self-Directed Investing offer cryptocurrency?

In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that neither Firstrade or J.P. Morgan Self-Directed Investing offer crypto trading.

Which trading platform is better: Firstrade or J.P. Morgan Self-Directed Investing?

To compare the day trading platforms of Firstrade and J.P. Morgan Self-Directed Investing, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, Firstrade offers a better experience.

Does Firstrade or J.P. Morgan Self-Directed Investing offer a better stock trading app?

After testing 25 features across the stock trading apps of Firstrade and J.P. Morgan Self-Directed Investing, we found Firstrade to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. Firstrade ranks #6 out of 18 brokers, while J.P. Morgan Self-Directed Investing ranks #12.

Firstrade Trading App Gallery

J.P. Morgan Self-Directed Investing Trading App Gallery

Which broker is better for researching stocks?

For research, Firstrade offers superior market research than J.P. Morgan Self-Directed Investing. Firstrade ranks #6 and J.P. Morgan Self-Directed Investing ranks #8.

Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.

How do Firstrade and J.P. Morgan Self-Directed Investing compare in terms of minimum deposit required?

Firstrade requires a minimum deposit of $0.00, while J.P. Morgan Self-Directed Investing requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.

Which broker offers better margin rates for accounts under $25,000?

Firstrade charges 13.75% for accounts under $25,000 while J.P. Morgan Self-Directed Investing charges a margin rate of 13.25%. The industry average of the 18 brokers we track is 9%.

Does Firstrade offer fractional shares? Does J.P. Morgan Self-Directed Investing?

Fractional shares are not offered by either broker. Our research has found that 46% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.

Can you trade penny stocks with Firstrade or J.P. Morgan Self-Directed Investing?

Both Firstrade and J.P. Morgan Self-Directed Investing allow you to trade penny stocks. Firstrade charges $0.00 per trade while J.P. Morgan Self-Directed Investing charges $0.00. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.

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.

Which broker offers stronger customer service?

StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.

Firstrade was rated 9th out of 13 brokers, with an overall score of 7.43 out of 10.

J.P. Morgan Self-Directed Investing could not be tested or rated due to the fact it does not offer phone support for prospective customers.

Is Firstrade good?

Firstrade scored well for penny stock trading in our 2024 Annual Awards, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

In the 2024 StockBrokers.com Annual Awards, Firstrade placed among Best in Class for Penny Stock Trading.

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.

In the 2024 StockBrokers.com Annual Awards, J.P. Morgan Self-Directed ranked No. 1 for New Tool and placed among Best in Class for Bank Brokerage.

Firstrade vs J.P. Morgan Self-Directed Investing Winner

Overall winner: Firstrade

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