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Interactive Brokers vs J.P. Morgan Self-Directed Investing 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Interactive Brokers better than J.P. Morgan Self-Directed Investing? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Interactive Brokers (89.29%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Overall4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars4 Stars5 Stars
Platforms & Tools4.5 Stars2 Stars4.5 Stars
Mobile Trading Apps4.5 Stars3.5 Stars5 Stars
Research5 Stars3.5 Stars4.5 Stars
Customer Service3 StarsN/A4.5 Stars
Education4.5 Stars3.5 Stars4.5 Stars
Ease Of Use4 Stars4 Stars5 Stars
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ReviewInteractive Brokers ReviewJ.P. Morgan Self-Directed Investing ReviewE*TRADE Review
Trading FeesInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00$0.00$6.95
Mutual Fund Trade Fee$14.95$0$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.65$0.65
Futures (Per Contract)$0.85N/A$1.50
Broker Assisted Trade Fee$30Varies$25
Margin RatesInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Margin Rate Under $24,999.994.58%11.00%11.95%
Margin Rate $25,000.00 to $49,999.994.58%10.75%11.45%
Margin Rate $50,000.00 to $99,999.994.58%10.25%10.95%
Margin Rate $100,000.00 to $249,999.994.08%10.00%10.45%
Margin Rate $250,000.00 to $499,999.994.08%10.00%9.95%
Margin Rate $500,000.00 to $999,999.994.08%9.25%9.45%
Margin Rate Above $1,000,000.003.83%8.75%8.45%
Account FeesInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
IRA Annual Fee$0.00$0.00$0.00
IRA Closure Fee$0.00$75.00$0.00
Account Transfer Out (Partial)$0.00$0.00$25.00
Account Transfer Out (Full)$0.00$75.00$75.00
Options Exercise Fee$0.00$0.00$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesYesNoNo
OTCBB / Pink SheetsYesYesYes
Options TradingYesYesYes
Complex Options Max Legs614
Futures TradingYesNoYes
Forex TradingNoNoNo
Crypto TradingYesNoNo
Crypto Trading - Total Coins400
Mutual Funds (No Load)1088235006486
Mutual Funds (Total)1116035007242
Bonds (US Treasury)YesYesYes
Bonds (Corporate)YesYesYes
Bonds (Municipal)YesYesYes
Advisor ServicesNoYesYes
International Countries (Stocks)3300
Order TypesInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesNoYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesNoYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesYesYes
BeginnersInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesYesYes
Education (Options)YesYesYes
Education (Mutual Funds)NoYesYes
Education (Bonds)YesYesYes
Education (Retirement)YesYesYes
Retirement CalculatorNoYesYes
Investor DictionaryYesNoYes
Paper TradingYesNoYes
VideosYesYesYes
WebinarsYesYesYes
Webinars (Archived)YesNoYes
Progress TrackingYesNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesNoYes
Trading - Simple OptionsYesYesYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesNoYes
Stock App FeaturesInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesNoYes
Videos on DemandYesNoNo
Stock AlertsYesNoYes
Option Chains ViewableYesYesYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesNoYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields640495
Stock App ChartingInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies973510
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsNoNoYes
Trading PlatformsInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Active Trading PlatformTrader Workstation (TWS)N/APower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)YesNoNo
Web Trading PlatformYesYesYes
Paper TradingYesNoYes
Trade JournalYesNoNo
Watch Lists - Total Fields640495
Stock Chart FeaturesInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies12136119
Charting - Drawing Tools851031
Charting - NotesYesNoYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesYesNoYes
Charting - Corporate EventsYesYesYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesNoYes
Trade Ideas - Technical AnalysisYesNoYes
Charting - Study Customizations536
Charting - Custom StudiesNoNoNo
Day TradingInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Streaming Time & SalesYesNoYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingYesNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvYesNoNo
Short LocatorYesNoNo
Order Liquidity RebatesYesNoNo
Research OverviewInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesYesYes
Research - Pink Sheets / OTCBBYesYesYes
Research - BondsYesNoYes
Screener - StocksYesYesYes
Screener - ETFsYesYesYes
Screener - Mutual FundsYesYesYes
Screener - BondsYesYesYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Stock Research - PDF Reports726
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesNoYes
Stock Research - SocialYesNoYes
Stock Research - NewsYesYesYes
Stock Research - ESGYesNoNo
Stock Research - SEC FilingsYesNoYes
ETF ResearchInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesYesYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsYesYesYes
ETF Fund Facts - Total HoldingsYesYesYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesYesYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesYesYes
ETFs - Morningstar StyleMapYesYesYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Mutual Funds - Strategy OverviewYesYesYes
Mutual Funds - Performance ChartYesYesNo
Mutual Funds - Performance AnalysisYesYesYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesYesYes
Mutual Funds - Fees BreakdownYesYesYes
Mutual Funds - Top 10 HoldingsYesYesYes
Mutual Funds - Asset AllocationYesYesYes
Mutual Funds - Sector AllocationYesYesYes
Mutual Funds - Country AllocationYesYesYes
Mutual Funds - StyleMapYesYesYes
Options TradingInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns44631
Option Chains - Greeks1205
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Bank (Member FDIC)NoYesYes
Checking AccountsNoYesYes
Savings AccountsNoYesYes
Credit CardsNoYesYes
Debit CardsYesYesYes
Mortgage LoansNoYesYes
Customer ServiceInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Phone Support (Prospect Customers)YesNoYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)NoNoNo
Live Chat (Current Customers)YesNoYes
24/7 SupportNoYesYes
OverallInteractive BrokersJ.P. Morgan Self-Directed InvestingE*TRADE
Overall4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars4 Stars5 Stars
Platforms & Tools4.5 Stars2 Stars4.5 Stars
Mobile Trading Apps4.5 Stars3.5 Stars5 Stars
Research5 Stars3.5 Stars4.5 Stars
Education4.5 Stars3.5 Stars4.5 Stars
Ease Of Use4 Stars4 Stars5 Stars
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ReviewInteractive Brokers ReviewJ.P. Morgan Self-Directed Investing ReviewE*TRADE Review
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Interactive Brokers vs J.P. Morgan Self-Directed Investing Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Interactive Brokers vs J.P. Morgan Self-Directed Investing.

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

E*TRADE offers more comprehensive new investor education for beginner investors than Interactive Brokers. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) 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).

What about Interactive Brokers vs J.P. Morgan Self-Directed Investing pricing?

Interactive Brokers and J.P. Morgan Self-Directed Investing charge the same amount for regular stock trades, $0.00. Interactive Brokers and J.P. Morgan Self-Directed Investing both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

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

Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while J.P. Morgan Self-Directed Investing offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, neither have Forex Trading. Looking at Mutual Funds, J.P. Morgan Self-Directed Investing trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and J.P. Morgan Self-Directed Investing offering 3500.

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

To compare the trading platforms of Interactive Brokers and J.P. Morgan Self-Directed Investing, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found E*TRADE 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. Debit Cards are offered by Interactive Brokers while J.P. Morgan Self-Directed Investing offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Is Interactive Brokers good?

In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.

Is J.P. Morgan Self-Directed Investing good?

J.P. Morgan Self-Directed Investing, previously known as Chase You Invest, gives Chase Bank customers easy access to investing. The all-in-one platform makes money and asset management simple and straightforward.

Interactive Brokers vs J.P. Morgan Self-Directed Investing Winner

Overall winner: E*TRADE

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*INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE
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