Careful With YouInvest Trading Platform (JP Morgan Chase) - Fee's!
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade vs TD Ameritrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades.
Chase You Invest Trade charges $2.95 per stock trade which is $2.95 more than TD Ameritrade which charges customers $0 per trade. With options, the base fees charged are $2.95 (Chase You Invest Trade) and $0 (TD Ameritrade).
TD Ameritrade's per contract rate of $0.65 is less than Chase You Invest Trade which charges $0.75.
JP Morgan Chase Brokerage Investment Account Review (Online Stock Trading) for 2020
Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want.
TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Chase You Invest Trade provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, TD Ameritrade offers its clients access to 11949 different mutual funds while Chase You Invest Trade has 3500 available funds, a difference of 8,449.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences.
TD Ameritrade makes virtual trading available to clients, while Chase You Invest Trade does not. For mobile trading, Chase You Invest Trade offers the iPhone App and Android App while TD Ameritrade offers the iPhone App, iPad App and Android App.
Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Debit Cards and Credit Cards are offered by TD Ameritrade while Chase You Invest Trade offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Chase You Invest Trade and TD Ameritrade, TD Ameritrade is the winner.
Chase You Invest Trade Review
TD Ameritrade Review