Charles Schwab vs J.P. Morgan Chase

Charles Schwab vs J.P. Morgan Chase Comparison Table 2024
Charles Schwab	J.P. Morgan Chase
Review 2.8	Review 3

Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA.	J.P. Morgan Chase is a US-regulated brokerage that offers self-directed trading and managed accounts. The brand has a 200+ year history and manages upwards of $2.6 trillion in assets spanning 100+ countries. Adding to its credibility, the brand is listed on the NYSE and a constitute of the S&P 500.
Comment by Reviewer
"Charles Schwab will serve long-term investors looking for managed accounts, financial advice and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading and no account minimums for individual brokerage accounts."	"J.P. Morgan Chase is best for new investors looking to buy and sell assets on a user-friendly mobile app. The broker's robo-advisors will also appeal to hands-off investors."
Pros
Strong investment offerings covering stocks, mutual funds, options, bonds and cryptocurrency Powerful trading software with real-time quotes, fundamental research and investment screeners Responsive customer support team available 24/7 via live chat or telephone Competitive trading fees with no commissions on stocks and ETFs Fractional shares on the S&P 500 with a $5 minimum investment Thematic investing categories and ESG compliant portfolios Strong regulatory oversight from the US SEC and UK FCA No account minimums for individual brokerage accounts High-quality educational resources for new investors	Strong regulatory oversight with FINRA and SPIC membership Hugely respected brand with a long history in financial services Easy to manage, move and transfer funds on the Chase mobile app Services suitable for all experience levels and investment goals Smooth and fully digital account opening process Easy-to-use mobile app with stable interface Access to thousands of tradeable instruments No minimum balance requirement Commission-free stock trading
Cons
Only US markets available (except 12 foreign markets on the Global Account) High minimum investment of $5000 to use robo-advisors Limited funding methods with no e-wallets No email support	No demo account to practice investing risk-free Limited payment methods supported No MetaTrader 4 integration No forex or crypto trading
Instruments
Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds	Stocks, Options, Mutual Funds, Bonds, ETFs
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
Own	Own
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
$1	$1
Regulator
SEC, FINRA, FCA1	FINRA, SEC, CFTC, NFA
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes	Auto Portfolios
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
Yes	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	USD
Stock Exchanges
Dow Jones Nasdaq S&P 500 Toronto Stock Exchange	Dow Jones Nasdaq New York Stock Exchange
Commodities
Soybeans
Cryptocurrency
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum.	Crypto trading not offered
Spread
Floating
Coins
GBTC BITW
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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