J.P. Morgan Chase vs Firstrade

J.P. Morgan Chase vs Firstrade Comparison Table 2024
J.P. Morgan Chase	Firstrade
Review 3	Review 4

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.
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
Automated Customer Account Transfer Service Cheque Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Cheque Wire Transfer
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
Dow Jones Nasdaq New York Stock Exchange	Nasdaq New York Stock Exchange
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

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