J.P. Morgan Chase vs TD Ameritrade

J.P. Morgan Chase vs TD Ameritrade Comparison Table 2024
J.P. Morgan Chase TD Ameritrade
3

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

4

TD Ameritrade is #35 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.

TD Ameritrade is a leading discount brokerage offering a vast range of instruments including forex, stocks, futures, options and crypto. The company has nearly 40 years of experience and authorization from the SEC, FINRA and CFTC. Trading takes place via its well-known thinkorswim platform, which offers sophisticated tools and features including stock screeners and calculators.

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." "Traders who want access to a huge range of stocks from a reputable broker with low fees should consider TD Ameritrade. On the downside, we miss access to the familiar MetaTrader 4 software."
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
  • Advanced order types, including OCO and brackets
  • Automated trading capabilities, including robo-advisors
  • Several trading platforms including proprietary award-winning software
  • TD Ameritrade provides rich in-depth research and educational resources
  • Extended 24/7 trading hours allow for international access to the markets
  • The broker facilitates automatic syncing between desktop and mobile trading platforms
  • There is access to over 350 technical studies, 20 drawing tools and 8 Fibonacci tools
  • Active chat rooms to share ideas and communicate with thousands of experienced traders
  • The Economic Data tool allows access to a range of data about the health of global economies
  • Management Services and Essential Portfolios. Reviews of which show high levels of customer satisfaction
  • Portfolio margin gives some users increased leverage by basing margin requirements on total portfolio risk
Cons
  • No demo account to practice investing risk-free
  • Limited payment methods supported
  • No MetaTrader 4 integration
  • No forex or crypto trading
  • CFD trading not available
  • No MT4 or MT5 integration
  • Fractional shares are not offered
  • No direct cryptocurrency trading
  • Broker-assisted trade commissions are around $25
  • Stringent margin maintenance requirements and high fees
  • New traders may be overwhelmed by the vast amount of information and tools available
Awards
  • Best Broker for Beginners 2022 - Investopedia Best Online Broker Awards
  • Best Online Broker for Stock Trading Platform and Research 2022 - NerdWallet's Best-Of Awards
  • #1 Platform & Tools, #1 Active Trading, #1 Options Trading, #1 Customer Service, and #1 Phone Support 2022 - StockBrokers.com Online Broker Review
Instruments
Stocks, Options, Mutual Funds, Bonds, ETFs Forex, Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds
Demo Account
No Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • eSignal
  • AutoChartist
Payment Methods
Minimum Trade
$1 $0
Regulator
FINRA, SEC, CFTC, NFA SEC, FINRA, CFTC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No 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
App Review

TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.

Auto Trading
Auto Portfolios Yes - Auto trading available via bots
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Commodities
Forex Trading
Forex trading not offered Trade 70+ forex pairs including majors, minors or exotics via the desktop, mobile or webtrader app with no commission and 1:2 leverage. The choice of currencies is wider than most forex brokers.
Forex App

TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.

GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
75+
Cryptocurrency
Crypto trading not offered Gain exposure to cryptocurrency markets through OTC crypto trusts, mutual funds and ETFs and Bitcoin futures. This offers portfolio diversification opportunities and trading vehicles beyond standard crypto CFDs.
Spread
Commission fees apply
Coins
  • BTC
  • ETH
  • MBT
  • MET
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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