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 Trade 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 |
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Account Transfer Out (Partial) |
$125.00 | $75.00 |
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Account Transfer Out (Full) |
$125.00 | $75.00 |
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 |
|
Options Trading |
Yes | Yes |
|
Complex Options Max Legs |
4 | 1 |
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Futures Trading |
Yes | No |
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Forex Trading |
No | No |
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Crypto Trading |
Yes | No |
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Crypto Trading - Total Coins |
5 | 0 |
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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 |
Order Types
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Order Type - Market |
Yes | Yes |
|
Order Type - Limit |
Yes | Yes |
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Order Type - After Hours |
Yes | No |
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Order Type - Stop |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | No |
|
Order Type - OCO |
Yes | No |
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Order Type - OTO |
Yes | No |
|
Order Type - Broker Assisted |
Yes | Yes |
Beginners
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Education (Stocks) |
Yes | Yes |
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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 (Bonds) |
No | No |
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Education (Retirement) |
No | Yes |
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Retirement Calculator |
No | Yes |
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Investor Dictionary |
No | No |
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Paper Trading |
Yes | No |
|
Videos |
Yes | Yes |
|
Webinars (Monthly Avg) |
10 | 0 |
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Webinars (Archived) |
No | No |
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Progress Tracking |
No | Yes |
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Interactive Learning - Quizzes |
No | Yes |
Stock Trading Apps
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
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 - Simple Options |
Yes | Yes |
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Trading - Complex Options |
Yes | No |
|
Order Ticket RT Quotes |
Yes | Yes |
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Order Ticket SRT Quotes |
Yes | No |
Stock App Features
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Market Movers (Top Gainers) |
Yes | Yes |
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Stream Live TV |
No | No |
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Videos on Demand |
No | No |
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Stock Alerts |
Yes | No |
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Option Chains Viewable |
Yes | No |
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Watch List (Real-time) |
Yes | Yes |
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Watch List (Streaming) |
Yes | No |
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Watch Lists - Create & Manage |
Yes | Yes |
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Watch Lists - Column Customization |
Yes | No |
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Watch List - Column Filtering |
Yes | Yes |
Stock App Charting
| Feature | TradeStation | J.P. Morgan Self-Directed |
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Charting - After Hours |
Yes | No |
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Charting - Can Turn Horizontally |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Technical Studies |
45 | |
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Charting - Study Customizations |
Yes | No |
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Charting - Stock Comparisons |
No | No |
Trading Platforms
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Desktop Trading Platform |
Yes | No |
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Web Trading Platform |
Yes | Yes |
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Paper Trading |
Yes | No |
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Trade Journal |
No | No |
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Watch Lists - Total Fields |
335 | 4 |
Stock Chart Features
| Feature | TradeStation | J.P. Morgan Self-Directed |
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Charting - Adjust Trades on Chart |
Yes | No |
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Charting - Indicators / Studies |
290 | 21 |
|
Charting - Drawing Tools |
23 | 0 |
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Charting - Notes |
Yes | No |
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Charting - Index Overlays |
Yes | Yes |
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Charting - Historical Trades |
Yes | No |
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Charting - Corporate Events |
No | Yes |
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Charting - Custom Date Range |
Yes | No |
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Charting - Custom Time Bars |
Yes | No |
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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 |
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Stock Alerts |
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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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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Trade Ideas - Backtesting |
Yes | No |
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Trade Ideas - Backtesting Adv |
Yes | No |
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Short Locator |
Yes | No |
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Order Liquidity Rebates |
Yes | No |
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 - Bonds |
No | No |
|
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 |
|
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 |
|
Stock Research - PDF Reports |
0 | 1 |
|
Stock Research - Earnings |
No | No |
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Stock Research - Insiders |
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 |
|
ETFs - Strategy Overview |
No | No |
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ETF Fund Facts - Inception Date |
No | Yes |
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ETF Fund Facts - Expense Ratio |
No | No |
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ETF Fund Facts - Net Assets |
No | Yes |
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ETF Fund Facts - Total Holdings |
No | Yes |
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ETFs - Top 10 Holdings |
No | Yes |
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ETFs - Performance Analysis |
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 - Ratings |
No | Yes |
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ETFs - Morningstar StyleMap |
No | Yes |
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ETFs - PDF Reports |
No | No |
Mutual Fund Research
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Mutual Funds - Strategy Overview |
No | No |
|
Mutual Funds - Performance Chart |
No | Yes |
|
Mutual Funds - Performance Analysis |
No | Yes |
|
Mutual Funds - Prospectus |
No | No |
|
Mutual Funds - PDF Reports |
No | No |
|
Mutual Funds - Fees Breakdown |
No | No |
|
Mutual Funds - Top 10 Holdings |
No | Yes |
|
Mutual Funds - Asset Allocation |
No | Yes |
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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 - Basic View |
Yes | Yes |
|
Option Chains - Strategy View |
Yes | No |
|
Option Chains - Streaming |
Yes | No |
|
Option Chains - Total Columns |
32 | 6 |
|
Option Chains - Greeks |
5 | 0 |
|
Option Positions - Greeks Streaming |
Yes | No |
|
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 |
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Option Positions - Adv Analysis |
Yes | No |
|
Option Positions - Rolling |
Yes | No |
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Option Positions - Grouping |
Yes | No |
Banking
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Bank (Member FDIC) |
No | Yes |
|
Checking Accounts |
No | Yes |
|
Savings Accounts |
No | Yes |
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Credit Cards |
No | Yes |
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Debit Cards |
No | Yes |
|
Mortgage Loans |
No | Yes |
Customer Service
| Feature | TradeStation | J.P. Morgan Self-Directed |
|
Phone Support (Prospect Customers) |
No | No |
|
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 |
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 charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. TradeStation's per contract rate of $0.50 is less than J.P. Morgan Self-Directed which charges $0.65. 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, J.P. Morgan Self-Directed trails TradeStation by 857 total mutual funds, with TradeStation offering 4357 and J.P. Morgan Self-Directed offering 3500.
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 AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE
