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

StockBrokers.com

Written by StockBrokers.com

August 29, 2023

Is TradeStation better than J.P. Morgan Self-Directed Investing? After testing 18 of the best online brokers, our analysis finds that TradeStation (82.0%) is better than J.P. Morgan Self-Directed Investing (81.8%). 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.

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  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxPublic.com
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSoFi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

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Overall Rating TradeStation J.P. Morgan Self-Directed Investing
Overall 4/5 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 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 3/5 Stars 4/5 Stars
Customer Service 3.5/5 Stars N/A
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 3.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review J.P. Morgan Self-Directed Investing Review
Broker Screenshots TradeStation 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 TradeStation 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 $14.95 $0
Options (Per Contract) $0.60 $0.65
Futures (Per Contract) $1.50 (Not offered)
Broker Assisted Trade Fee $25 Varies
Margin Rates TradeStation J.P. Morgan Self-Directed Investing
Margin Rate Under $25,000 13.5% Not offered
Margin Rate $25,000 to $49,999.99 13.5% Not offered
Margin Rate $50,000 to $99,999.99 12.5% Not offered
Margin Rate $100,000 to $249,999.99 12.5% Not offered
Margin Rate $250,000 to $499,999.99 12.5% Not offered
Margin Rate $500,000 to $999,999.99 8% info Not offered
Margin Rate Above $1,000,000 8% info Not offered
Account Fees TradeStation J.P. Morgan Self-Directed Investing
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $50.00 $75.00
Account Transfer Out (Partial) info $125.00 $0.00
Account Transfer Out (Full) info $125.00 $75.00
Options Exercise Fee $14.95 $0.00
Options Assignment Fee $5.95 $0.00
Investment Options TradeStation J.P. Morgan Self-Directed Investing
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 1
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 11 0
Mutual Funds (No Load) info 800 3500
Mutual Funds (Total) info 4000 3500
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types TradeStation 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 TradeStation 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 No Yes
Retirement Calculator info No Yes
Investor Dictionary info No No
Paper Trading info Yes 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 TradeStation 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 TradeStation 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 341 4
Stock App Charting TradeStation J.P. Morgan Self-Directed Investing
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 45 36
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No No
Trading Platforms TradeStation J.P. Morgan Self-Directed Investing
Active Trading Platform info TradeStation 10 No
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 341 4
Stock Chart Features TradeStation J.P. Morgan Self-Directed Investing
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 294 36
Charting - Drawing Tools info 23 10
Charting - Notes info Yes No
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 12 3
Charting - Custom Studies info Yes No
Day Trading TradeStation J.P. Morgan Self-Directed Investing
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes No
Trade Hot Keys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info Yes No
Research Overview TradeStation J.P. Morgan Self-Directed Investing
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No Yes
Screener - Stocks info Yes Yes
Screener - ETFs info No Yes
Screener - Mutual Funds info No Yes
Screener - Bonds info No Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research TradeStation J.P. Morgan Self-Directed Investing
Stock Research - PDF Reports info 0 2
Stock Research - Earnings info No Yes
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research TradeStation J.P. Morgan Self-Directed Investing
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No Yes
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No Yes
ETF Fund Facts - Total Holdings info No Yes
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No Yes
ETFs - Risk Analysis info No No
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No Yes
ETFs - PDF Reports info No No
Mutual Fund Research TradeStation J.P. Morgan Self-Directed Investing
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info No Yes
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info No Yes
Mutual Funds - Country Allocation info No Yes
Mutual Funds - StyleMap info No Yes
Options Trading TradeStation J.P. Morgan Self-Directed Investing
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 29 6
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking TradeStation J.P. Morgan Self-Directed Investing
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No Yes
Customer Service TradeStation 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 TradeStation J.P. Morgan Self-Directed Investing
Overall 4/5 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 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 3/5 Stars 4/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 3.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review J.P. Morgan Self-Directed Investing Review
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TradeStation 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 TradeStation vs J.P. Morgan Self-Directed Investing.

Is TradeStation 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 2023, our review finds that J.P. Morgan Self-Directed Investing offers more comprehensive new investor education for beginning investors than TradeStation. TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options), 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 TradeStation vs J.P. Morgan Self-Directed Investing pricing?

TradeStation 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 $0.60 per contract at TradeStation. For futures, TradeStation charges $1.50 per contract and J.P. Morgan Self-Directed Investing charges (Not offered) per contract. For a deeper dive, see our best brokers for free stock trading guide.

Does TradeStation 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 TradeStation offers a more comprehensive offering than J.P. Morgan Self-Directed Investing. TradeStation ranks #5 out of 18 brokers for our Investment Options category, while J.P. Morgan Self-Directed Investing ranks #11.

TradeStation offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Futures Trading, 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 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.

Do TradeStation 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 TradeStation and J.P. Morgan Self-Directed Investing offer crypto trading.

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

To compare the day trading platforms of TradeStation 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, TradeStation offers a better experience.

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

After testing 25 features across the stock trading apps of TradeStation and J.P. Morgan Self-Directed Investing, we found TradeStation to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. TradeStation ranks #8 out of 18 brokers, while J.P. Morgan Self-Directed Investing ranks #12.

TradeStation Trading App Gallery

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

Which broker is better for researching stocks?

For research, J.P. Morgan Self-Directed Investing offers superior market research than TradeStation. TradeStation ranks #10 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 TradeStation and J.P. Morgan Self-Directed Investing compare in terms of minimum deposit required?

TradeStation 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?

TradeStation charges 13.5% for accounts under $25,000 while J.P. Morgan Self-Directed Investing charges a margin rate of Not offered. The industry average of the 18 brokers we track is 9%.

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

Fractional shares are not offered by either broker. Our research has found that 41% 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 TradeStation or J.P. Morgan Self-Directed Investing?

Both TradeStation and J.P. Morgan Self-Directed Investing allow you to trade penny stocks. TradeStation 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. neither of these are offered by TradeStation 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.

TradeStation was rated 10th out of 14 brokers, with an overall score of 7.5 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 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.

In the 2023 StockBrokers.com Annual Review, TradeStation ranked among Best in Class for Commission & Fees, Investment Options, Active Trading, Futures Trading, and Penny Stocks. TradeStation also won one StockBrokers.com Industry Award: No. 1 for Crypto Technology.

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 2023 StockBrokers.com Annual Review, J.P. Morgan Self-Directed ranked among Best in Class for Banking Services.

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

Overall winner: TradeStation

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J.P. Morgan Self-Directed Investing *INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

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