J.P. Morgan Self-Directed Investing, formerly Chase You Invest, is a US-based discount broker established by J.P. Morgan in 2018. The parent company, J.P. Morgan, is one the biggest global Tier 1 investment banks and is listed on the New York Stock Exchange. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
J.P. Morgan Self-Directed Investing, formerly Chase You Invest, has a parent company with a a long track record, is listed on the stock exchange, has a banking background, discloses its financials regularly and is overseen by top-tier regulators, which are all good signs for its safety.
J.P. Morgan Self-Directed Investing platform notes the following:
Pros
- Commission-free US stocks, ETFs, funds and bonds
- Fast and fully digital account opening
- Well-established parent company
Cons
- Available only to US clients
- Limited product portfolio
- Basic research tools
J.P. Morgan Self-Directed Investing
J.P. Morgan Self-Directed Investing charges little to no extra cost for trading US stocks, ETFs, mutual funds and US bonds. The account opening is seamless, fully digital and fast. The broker is owned by J.P. Morgan, which holds a banking license and is listed on the stock exchange. On the negative side, J.P. Morgan Self-Directed Investing is available only to US residents. The product portfolio is limited to stocks, ETFs, options, bonds and mutual funds. Lastly, research capabilities are weak as charting tools are limited and recommendations and analytical tools are missing.