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.
Vanguard is a US-headquartered brokerage with 50 million clients globally and $8+ billion in assets under management. The brands offers investing in stocks, mutual funds, bonds, ETFs and options with low fees. The trusted broker is regulated by the SEC, FINRA and FCA.
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 Vanguard for long-term investors looking for managed accounts and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading."
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
Trusted since 1975 with strong regulatory oversight in the US and UK
Retirement and ISA accounts available alongside traditional investing solutions
Fully managed accounts providing a hands-off approach to investing
Excellent education and user guides compared to alternatives
Competitive fee structure with a 0.15% account fee
Commission-free stock and ETF trading
Well-designed mobile app
ESG funds available
Cons
No demo account to practice investing risk-free
Limited payment methods supported
No MetaTrader 4 integration
No forex or crypto trading
Limited payment methods - credit cards, cheques and e-wallet are not supported
High minimum investment amounts, including $3000 for the majority of mutual funds
No demo account available to practise trading risk-free