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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