J.P. Morgan Chase vs Firstrade

J.P. Morgan Chase vs Firstrade Comparison Table 2024
J.P. Morgan Chase Firstrade
3

J.P. Morgan Chase is #35 in our broker rankings.

4

Firstrade is #24 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.

Bonus Offer
Deposit Bonus Up To $4000
Comment by Reviewer
"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." "We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Pros
  • 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
  • SIPC member
  • Low OTC fees
  • Crypto trading
  • Premarket trading
  • Accepts US traders
  • No minimum deposit
  • Commission-free investing
  • Regulated by SEC and FINRA
  • Multiple customer support options
  • Access to education, research, and tools
  • Stop limit and trailing stop orders supported
  • Mobile app with advanced features and analysis
Cons
  • No demo account to practice investing risk-free
  • Limited payment methods supported
  • No MetaTrader 4 integration
  • No forex or crypto trading
  • No copy trading
  • Some withdrawal fees
  • No 24/7 customer support
  • No forex or futures trading
  • No demo/paper trading account
  • Visa Credit/debit card deposits and withdrawals not accepted
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Stocks, Options, Mutual Funds, Bonds, ETFs Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
No No
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 $1
Regulator
FINRA, SEC, CFTC, NFA SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
4.50%
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
No No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Auto Portfolios
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Cryptocurrency
Crypto trading not offered Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
Variable
Coins
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
J.P. Morgan Chase
vs
Firstrade
vs