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J.P. Morgan Self-Directed Investing vs TradeStation 2023

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Written by StockBrokers.com

April 11, 2023

Is J.P. Morgan Self-Directed Investing better than TradeStation? After testing 17 of the best online brokers over three months, J.P. Morgan Self-Directed Investing (83.12%) is better than TradeStation (78.24%). 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.

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  • check_box_outline_blankcheck_boxFidelity
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  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
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  • check_box_outline_blankcheck_boxtastytrade
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  • check_box_outline_blankcheck_boxTradeStation
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Overall RatingJ.P. Morgan Self-Directed InvestingTradeStation
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 4.5/5 Stars
Mobile Trading Apps 4/5 Stars 4.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Customer Service N/A 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 3/5 Stars
Winner check_circle
Review J.P. Morgan Self-Directed Investing Review TradeStation Review
Trading FeesJ.P. Morgan Self-Directed InvestingTradeStation
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $0.00 $0.00
Mutual Fund Trade Fee $0 $14.95
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.60
Futures (Per Contract) N/A $1.50
Broker Assisted Trade Fee Varies $0
Margin RatesJ.P. Morgan Self-Directed InvestingTradeStation
Margin Rate Under $25,000 Varies 13.00%
Margin Rate $25,000 to $49,999.99 Varies 13.00%
Margin Rate $50,000 to $99,999.99 Varies 12.00%
Margin Rate $100,000 to $249,999.99 Varies 12.00%
Margin Rate $250,000 to $499,999.99 Varies 12.00%
Margin Rate $500,000 to $999,999.99 Varies Varies info
Margin Rate Above $1,000,000 Varies Varies info
Account FeesJ.P. Morgan Self-Directed InvestingTradeStation
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $75.00 $50.00
Account Transfer Out (Partial) $0.00 $125.00
Account Transfer Out (Full) $75.00 $125.00
Options Exercise Fee $0.00 $14.95
Options Assignment Fee $0.00 $5.95
Investment OptionsJ.P. Morgan Self-Directed InvestingTradeStation
Stock Trading Yes Yes
Margin Trading No Yes
Fractional Shares No No
OTC Stocks Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 1 4
Futures Trading No Yes
Forex Trading No No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 11
Mutual Funds (No Load) 3500 800
Mutual Funds (Total) 3500 4000
Bonds (US Treasury) Yes Yes
Bonds (Corporate) Yes Yes
Bonds (Municipal) Yes Yes
Advisor Services Yes No
International Countries (Stocks) 0 0
Order TypesJ.P. Morgan Self-Directed InvestingTradeStation
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours No Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop No Yes
Order Type - OCO No Yes
Order Type - OTO No Yes
Order Type - Broker Assisted Yes Yes
BeginnersJ.P. Morgan Self-Directed InvestingTradeStation
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes Yes
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator Yes No
Investor Dictionary No No
Paper Trading No Yes
Videos Yes Yes
Webinars Yes Yes
Webinars (Archived) No No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsJ.P. Morgan Self-Directed InvestingTradeStation
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No Yes
Trading - Stocks Yes Yes
Trading - After-Hours No Yes
Trading - Simple Options Yes Yes
Trading - Complex Options No Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes No Yes
SB Gallery - Mobile Apps
Stock App FeaturesJ.P. Morgan Self-Directed InvestingTradeStation
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts No Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) No Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization No Yes
Watch Lists - Total Fields 4 335
Stock App ChartingJ.P. Morgan Self-Directed InvestingTradeStation
Charting - After-Hours No Yes
Charting - Can Turn Horizontally No Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 35 45
Charting - Study Customizations No Yes
Charting - Stock Comparisons No No
Trading PlatformsJ.P. Morgan Self-Directed InvestingTradeStation
Active Trading Platform N/A TradeStation 10
Desktop Trading Platform No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Paper Trading No Yes
Trade Journal No No
Watch Lists - Total Fields 4 335
Stock Chart FeaturesJ.P. Morgan Self-Directed InvestingTradeStation
Charting - Adjust Trades on Chart No Yes
Charting - Indicators / Studies 36 290
Charting - Drawing Tools 10 23
Charting - Notes No Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades No Yes
Charting - Corporate Events Yes Yes
Charting - Custom Date Range No Yes
Charting - Custom Time Bars No Yes
Charting - Automated Analysis No Yes
Charting - Save Profiles No Yes
Trade Ideas - Technical Analysis No Yes
Charting - Study Customizations 3 12
Charting - Custom Studies No Yes
Day TradingJ.P. Morgan Self-Directed InvestingTradeStation
Streaming Time & Sales No Yes
Streaming TV No No
Direct Market Routing - Stocks No Yes
Ladder Trading No Yes
Trade Hot Keys No Yes
Level 2 Quotes - Stocks No Yes
Trade Ideas - Backtesting No Yes
Trade Ideas - Backtesting Adv No Yes
Short Locator No Yes
Order Liquidity Rebates No Yes
Research OverviewJ.P. Morgan Self-Directed InvestingTradeStation
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds No No
Screener - Stocks Yes Yes
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes Yes
Stock ResearchJ.P. Morgan Self-Directed InvestingTradeStation
Stock Research - PDF Reports 2 0
Stock Research - Earnings Yes No
Stock Research - Insiders No No
Stock Research - Social No No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings No No
ETF ResearchJ.P. Morgan Self-Directed InvestingTradeStation
ETFs - Strategy Overview Yes No
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis No No
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports No No
Mutual Fund ResearchJ.P. Morgan Self-Directed InvestingTradeStation
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation Yes No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation Yes No
Mutual Funds - StyleMap Yes No
Options TradingJ.P. Morgan Self-Directed InvestingTradeStation
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No Yes
Option Chains - Streaming No Yes
Option Chains - Total Columns 6 32
Option Chains - Greeks 0 5
Option Chains - Quick Analysis No Yes
Option Analysis - P&L Charts No Yes
Option Probability Analysis No Yes
Option Probability Analysis Adv No Yes
Option Positions - Greeks No Yes
Option Positions - Greeks Streaming No Yes
Option Positions - Adv Analysis No Yes
Option Positions - Rolling No Yes
Option Positions - Grouping No Yes
BankingJ.P. Morgan Self-Directed InvestingTradeStation
Bank (Member FDIC) Yes No
Checking Accounts Yes No
Savings Accounts Yes No
Credit Cards Yes No
Debit Cards Yes No
Mortgage Loans Yes No
Customer ServiceJ.P. Morgan Self-Directed InvestingTradeStation
Phone Support (Prospect Customers) No Yes
Phone Support (Current Customers) Yes No
Email Support Yes Yes
Live Chat (Prospect Customers) No Yes
Live Chat (Current Customers) No Yes
24/7 Support Yes No
OverallJ.P. Morgan Self-Directed InvestingTradeStation
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 4.5/5 Stars
Mobile Trading Apps 4/5 Stars 4.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 3/5 Stars
Winner check_circle
Review J.P. Morgan Self-Directed Investing Review TradeStation Review
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J.P. Morgan Self-Directed Investing vs TradeStation 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 J.P. Morgan Self-Directed Investing vs TradeStation.

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

J.P. Morgan Self-Directed Investing offers more comprehensive new investor education for beginner investors than TradeStation. 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), while TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options). See our guide to Best Paper Trading Platforms for more.

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

J.P. Morgan Self-Directed Investing and TradeStation 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 $0.60 per contract at TradeStation. For a complete commissions summary, see our best brokers for free stock trading guide.

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

J.P. Morgan Self-Directed Investing offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while TradeStation offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Futures Trading. Neither have Fractional Shares and Forex Trading. Looking at Mutual Funds, TradeStation trails J.P. Morgan Self-Directed Investing in its offering of no transaction fee (NTF) mutual funds, with J.P. Morgan Self-Directed Investing offering 3500 and TradeStation offering 0.

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

To compare the trading platforms of J.P. Morgan Self-Directed Investing and TradeStation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation offers a better experience. With research, J.P. Morgan Self-Directed Investing 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 offered by J.P. Morgan Self-Directed Investing while TradeStation offers neither of these.

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.

Is TradeStation good?

TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh. TradeStation ranked among Best in Class in the Commissions and Fees and Investment Options categories in our 2023 Annual Review of online stockbrokers.

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

Overall winner: J.P. Morgan Self-Directed Investing

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