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Contents

Chase You Invest Trade Review

Chase You Invest Trade provides current Chase Bank customers a convenient way to invest in the stock market. While Chase doesn’t provide all the bells and whistles like some of its non-bank competitors, our testing found the site to be easy to use and reliable overall.

Top Takeaways for 2020

After spending five months testing 15 of the best online brokers for our 10th Annual Review, here are our top findings on Chase You Invest Trade:

  • JP Morgan Chase, the bank behemoth with over $2.6 trillion in assets, now offers self-directed investing services, which includes buying and selling stocks, ETFs, options, mutual funds, and bonds.
  • Chase You Invest Trade is great for current Chase Bank customers seeking a simple way to buy and sell stocks. The multi-account benefits are widespread, including instant transfers, universal login, and discounted trades.
  • While You Invest Trade is reliable and easy to use, it is also very basic. When compared against standalone full-service brokerages such as TD Ameritrade and Charles Schwab, Chase trails across the board, from trading tools to research to total tradeable assets.

Special Offer:

  • Enjoy up to $625 when you open & fund a new account with $25K+*. Open Account

Overall Summary

Feature Chase You Invest Trade
Overall 3.5 Stars
Commissions & Fees 4 Stars
Offering of Investments 3.5 Stars
Platforms & Tools 1.5 Stars
Research 3.5 Stars
Education 2.5 Stars
Mobile Trading 3.5 Stars
Customer Service 4 Stars
Ease of Use 4 Stars

Commissions & Fees

You Invest Trade has no minimum deposit to open an account, and, as part of its launch, all new customers receive 100 free trades for the first year, regardless of account balance or banking status. This is the offer I took advantage of for my testing. Beyond this, commissions are just $2.95 per trade.

There are two ways to receive free stock and ETF trades each year:

  • Chase Premier Plus Checking customers ($15,000 min avg account balance) – First 100 trades free each year.
  • Chase Private Client customers ($250,000 min avg account balance) – Unlimited free trades each year. Also applies to Chase Sapphire Banking, J.P. Morgan Private Bank, and J.P. Morgan Securities clients

Chase vs Bank of America: Without question, Chase You Invest Trade’s approach to free trading is modeled after Bank of America Merrill Edge and the Preferred Rewards program. However, with Preferred Rewards, all customers receive unlimited free trades each month, regardless of their account balance. Preferred Rewards also comes with a variety of additional benefits, including money market savings boosts, credit card cash back bonuses, and more. Compare Chase You Invest vs Merrill Edge.

You Invest Trade pricing summary:

Feature Chase You Invest Trade
Minimum Deposit $0.00
Stock Trade Fee (per trade) $2.95
ETF Trade Fee $2.95
Options Base Fee $2.95
Options Per Contract Fee $0.75
Mutual Fund Trade Fee $0.00
Broker Assisted Trades Fee $25.00
Commission-Free ETFs 0

Offering of Investments

Chase You Invest provides everything an investor would require to invest in the stock market. All investment vehicles are offered, from stocks, ETFs, mutual funds, and bonds. With Chase You Invest Portfolios, Chase customers can also have their money invested for them for an annual advisory fee of 0.35% per year ($500 minimum).

Offering Limitations: You Invest Trade does not offer the ability to trade during pre- and post-hours, nor can customers trade penny stocks. Also, only basic (single leg) options trades are offered. Additionally, order types are limited (order types such as trailing stop orders and conditional orders are not available), and the primary focus is on the US markets.

You Invest investment options:

Feature Chase You Invest Trade
Stock Trading Yes
OTCBB / Pink Sheets Yes
Options Trading Yes
Complex Options Max Legs 1
Bonds (US Treasury) Yes
Futures Trading No
Forex Trading No
Mutual Funds (Total) 3500
Advisor Services Yes

Banking

From basic checking and savings accounts to home mortgages and credit cards, Chase Bank is a household name brand in the United States. JP Morgan Chase holds assets of well over $2 trillion and operates in more than 100 countries, according to Wikipedia.

Compared to Bank of America Merrill Edge, Chase goes toe to toe. Both banks offer FDIC-insured banking through 5,000+ branch offices across the United States. That said, Bank of America offers more rewards for loyal customers who hold multiple accounts with higher account balances.

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Platforms & Tools

Chase offers no downloadable trading platform, and only one trading tool, Portfolio Builder, is available through the website. Overall, beyond managing a basic portfolio, maintaining a simple watch list, and placing trades, You Invest doesn’t come close to competing with the best online brokers.

Stock charts: For the average investor, everything required to conduct basic chart analysis is present, including customizations of time frame, bar type, event markers (e.g., earnings or dividends), and a respectable 20 optional indicators (think simple moving averages, volume, and Bollinger bands). Stock and index comparisons can also be conducted. However, compared to industry leaders such as TD Ameritrade and TradeStation, Chase You Invest leaves much to be desired.

Watch lists: Watch lists are very basic, showing only the price, daily change, and a mini chart of intraday performance. Yes, there are real-time quotes, but they are not streaming, which is the same throughout the entire You Invest Trade site. Lastly, instead of a streamlined table view, watch lists are organized into lists that require scrolling, making them cumbersome for more extensive symbol lists.

Portfolio Builder: Taking a closer look at Portfolio Builder, it is accessible only to accounts with at least $5,000 available to invest. While traditional robo advisors simply funnel you into one of several predefined portfolios, Portfolio Builder does the same but requires you to choose the exact holdings, then allows you to modify the weightings for each holding. Overall, for the average investor, having significant input as to what goes into the portfolio and how each holding is weighted is not ideal. I would recommend using Portfolio Builder solely for educational purposes.

Research

Researching the markets trails industry leaders Fidelity and Charles Schwab but is sufficient for novice investors. Just be aware of the constant site timeouts (see below).

Stock research: Less a downloadable research report for certain stocks from JP Morgan, stock quotes are on the whole, nothing unique, and include no data that cannot otherwise be found at Yahoo Finance. As a comparison, Fidelity offers 12 third-party reports with free ($0) trading for all customers, regardless of the account balance. Quotes aside, You Invest Trade does provide an easy to use stock screener tool.

Fund research: Fortunately, quotes for ETFs and mutual funds fare much better thanks to the inclusion of basic Morningstar data. Screening also includes Morningstar data, which is a nice plus. Like stocks, casual investors will be satisfied; however, research trails industry leaders by a measurable amount. For example, Schwab includes the full Morningstar PDF report alongside far more visual elements to help break down essential takeaways.

Market commentary: Also from J. P. Morgan’s research team, is the weekly market analysis articles. Considering that J.P. Morgan Asset Management manages over $1.7 trillion, I was not surprised to see their research present in You Invest Trade. On the whole, while the readability of Schwab’s Insights articles and Fidelity’s Viewpoints market commentary is much more fleshed out, I found the market analysis articles from J.P. Morgan to be informative and insightful.

Constant site timeouts: One final note here on research: while a lack of streaming real-time quotes throughout You Invest Trade was disappointing, I was more annoyed by the constant account time outs whenever I went to check my email or work on this review draft. For investors who prefer to remain logged into their accounts and check back throughout the day for quotes and research, You Invest Trade is not accommodating.

Customer Service

To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. For our 2020 Broker Review, 280 customer service tests were conducted over ten weeks.

Results

  • Average Connection Time: th (14 brokers)

Mobile Trading

Chase makes it easy to manage your You Invest Trade account via the regular Chase mobile app available through both Apple iOS and Android. Once logged in, you can view and manage all your Chase accounts, both banking and brokerage. While the app lacks features active traders would demand like advanced charting, streaming watch lists, and alerts, it provides a bug free, clean experience for everyday investors.

Watch lists: For whatever reason, Chase made watch lists nearly impossible to find. From your dashboard, scroll down to the Indices overview, then tap “View U.S. Overview”. Next, from the top dropdown menu, tap and select “Watchlists”.

Education

Chase provides a positive educational experience for the topics of general investing and retirement. Navigation isn’t perfect, but a foundation for growth is in place.

Educational videos: In the Learning & Insights section of the site, market reports are accompanied by educational articles and videos, which I found to be well put together. In particular, I really enjoyed the videos, which reminded of the animated educational videos found at TD Ameritrade. I counted only seven videos in total, but given the strong emphasis on quality, I’d be surprised if more aren’t added in the future.

ETFs, mutual funds, and options education: If there is a drawback to the learning experience at Chase You Invest Trade, it is the lack of topic focused content. For example, while there are several articles on ETFs and Mutual Funds, it isn’t enough to pass our test of offering at least ten pieces of content to earn credit in our scoring.

Final Thoughts

Chase You Invest Trade is targeting current Chase Bank customers seeking an easy, convenient way to invest in the stock market.

If are already a Chase customer and all you require are the basics to buy some shares of your favorite stock, ETF, or mutual fund, then take advantage of Chase’s free trades. If you don’t meet the minimum for free trades, or you desire a complete brokerage experience, there are better online brokers to choose from.

About Chase

The roots of Chase stem back to 1955. In 2000, Chase Manhattan Bank merged with J.P. Morgan, forming JPMorgan Chase Bank. Headquartered in Manhattan, New York City, Chase is ranked by S&P Global as the largest bank in the United States, operating more than 5,000 branches and 16,000 ATMs nationwide. JPMorgan Chase is publicly traded on the NYSE, ticker “JPM”.

2020 Review Methodology

For the StockBrokers.com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

Chase You Invest Review 2020

Summary

Recommended for beginners and buy-and-hold investors focusing on the US stock market

Chase You Invest is a US-based discount broker released in 2020 by J.P. Morgan. The parent company, J.P. Morgan founded in 1985, is a US investment bank and is also listed on the New York Stock Exchange. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Chase You Invest is considered safe because the parent company has a long track record, is listed on the stock exchange, has a banking background, discloses its financials regularly and is regulated by top-tier regulators.

Chase You Invest pros and cons

Chase You Invest offers low trading fees, including commission-free mutual funds and 100 commission-free stock and ETF trades. The account opening is seamless, fully digital, and fast. Chase You Invest belongs to J.P. Morgan which holds a banking license and is listed on a stock exchange.

Chase You Invest is available only for US residents. The product portfolio is limited to stocks, ETFs, bonds and mutual funds. Lastly, the research tools are basic as the charting tools are limited, the recommendations and analytical tools are missing.

Pros Cons
• Low trading fees • Available only for US clients
• Fast and fully digital account opening • Limited product portfolio
• Strong parent company • Basic research tools
Chase You Invest main features and highlights
��️ Country of regulation USA
�� Trading fees class Low
�� Inactivity fee charged No
�� Withdrawal fee amount $0
�� Minimum deposit $0
�� Time to open an account 1 day
�� Demo account provided No
��️ Products offered Stock, ETF, Fund, Bond, Portfolio Builder

Gergely Korpos

Author of this review

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Chase You Invest review
Fees

Chase You Invest has low trading fees and low non-trading fees and you can also trade with mutual funds for free.

Pros Cons
• Low trading fees None
• Low non-trading fees
• Low stock and ETF fees
Chase You Invest fees snapshot
Assets Fee level Fee terms
US stock Low $2.95 per trade, first 100 US-based stock trade is commission-free
EURUSD Not available
Mutual fund Low $0 per trade
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked Chase You Invest’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of Chase You Invest for each asset class. For example, in the case of stock investing, commissions are the most important fees.

We also compared Chase You Invest’s fees with those of two similar brokers we selected, Robinhood and Interactive Brokers. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Chase You Invest alternatives.

To have a clear overview of Chase You Invest, let’s start with the trading fees.

Chase You Invest trading fees

Chase You Invest trading fees are low for all asset classes.

J.P. Morgan launched Chase You Invest in 2020 as a commission-free service. For this reason mutual funds are completely commission-free and US-based stocks and ETFs are also free for up to 100 trades in the first year. The bonds have fees, but they are very low.

If you compare the commission-free offers with Robinhood, you can see that Robinhood has zero commission for all asset classes and there is no time limit.

Stock fees and ETF fees

The commission Chase You Invest charges on stock and ETF trading is low compared to other brokers we tested.

The already mentioned 100 commission-free trades are available for you as a new client for one year. If the one year or the 100 trades expire, a $2.95 commission per trade will be applied. In our review, we counted this commission level as it is the standard commission level after the first year.

There are some notable exceptions though. For example, you can have more commission-free trades:

  • if you are a customer of Chase Premier Plus Checking, you have 100 free trades each year, not only in the first
  • if you are a customer of Chase Sapphire Banking / Chase Private Client / J.P. Morgan Securities line of business / J.P. Morgan Private Bank, you have $0 commissions for all online trades, not limited to the quantity or the time
Chase You Invest stock and ETF commission of a $2,000 trade
Chase You Invest Robinhood Interactive Brokers
US stock $3.0 $0.0 $1.0

Fund fees

Trading with mutual funds at Chase You Invest is free of charge. It is a superb and unlikely feature for a broker considering our experiences with other competitors. For instance, Robinhood doesn’t offer mutual funds at all.

Chase You Invest commission for a $2,000 fund purchase

Chase You Invest Robinhood Interactive Brokers
Mutual fund $0.0 $15.0

Bond fees

Chase You Invest has generally low bond fees in comparison to other brokers we tested.

Chase You Invest commission of a $10,000 government bond trade

Chase You Invest Robinhood Interactive Brokers
US Treasury bond $10.0 $5.0

The bond fees are calculated as $1 per $1000 par value. There is also a $10 minimum and a $250 maximum.

Financing rates

You can’t trade on margin, or in other words, you can’t hold leveraged positions. Because of this, financing rates at Chase You Invest are not applicable.

Non-trading fees

Chase You Invest has low non-trading fees. No account fee or inactivity fee is charged.

An important note there is no withdrawal fee only if you have an account at Chase or use ACH transfer. The withdrawals to other banks using wire transfer cost $30. We tested Chase You Invest as a Chase client, so we had no withdrawal fee.

Chase You Invest non-trading fees

Chase You Invest Robinhood Interactive Brokers
Account fee No No No
Inactivity fee No No Yes
Withdrawal fee $0 $0 $0

Chase You Invest review
Account opening

Account opening at Chase You Invest is seamless and fully digital, it took us one day to have an open account but only US clients are accepted.

Pros Cons
• Fast • Only for US clients
• Fully digital
• No minimum deposit

Can you open an account?

At the time of our test, only US residents could open an account at Chase You Invest.

What is the minimum deposit at Chase You Invest?

The required Chase You Invest minimum deposit is $0 . This is ideal if you plan to invest in smaller amounts. Although, if you would like to use Portfolio Builder, you shall have a $2,500 minimum account balance.

Account types

Chase You Invest has 4 account types:

Chase You Invest – available Trade accounts

Account is owned and used by two individuals.

Account type Short description
Individual brokerage account (IBA) Account is owned and used by a single individual.
Joint brokerage account (JBA)
Traditional IRA Retirement account that gives you tax advantages.
Roth Individual Retirement Account (IRA) Retirement account that gives you tax advantages.

We missed the corporate accounts at Chase You Invest.

In this review, we have tested the Individual Brokerage Account. The account opening process is different if you are already a client of Chase or J.P. Morgan. In our test, we used our already existing Chase checking account.

How to open your account

We really liked the fast and user-friendly process that was luckily fully digital. It took one day for us with the already existing Chase checking account, however, non-Chase clients are probably treated in the same way. This simplicity and speed are not usual for US brokers, for instance, the account opening at Interactive Brokers is very complicated.

So how does the process look like? At first, you have to go through a 6-step registration process which takes roughly 25 minutes. During this registration, some of the questions are related to your personal information and data, while others might test your trading knowledge.

During this process, you have to verify your identity and residency by answering the followings:

  • You are at least 18 years old
  • Social Security Number
  • Driving license, ID or passport for identity check
  • Bank statement or utility bill for proof of residency

Chase You Invest review
Deposit and withdrawal

At Chase You Invest there is no deposit fee and transferring money is easy and user-friendly, but withdrawal can be improved. You can use only bank transfer and there is a high fee for wire withdrawals if you are a non-Chase client.

Pros Cons
• No deposit fee • Credit/Debit card not available
• Quick deposit and withdrawal – within 3 days • Only one account base currency
• High wire withdrawal fee for non-Chase clients

Deposit fees and options

Depositing is free if you already have a Chase You Invest account or if you transfer using ACH. On the flipside wire transfers from other banks cost $30.

These conditions are similar to the competitors of Chase You Invest.

Chase You Invest deposit options

Chase You Invest Robinhood Interactive Brokers
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No

It’s worth noting that a bank transfer can take several business days and you can only deposit money from accounts which are in your name.

Chase You Invest withdrawal fees and options

Withdrawals are free if you already have a J.P. Morgan account or use ACH transfer, but wire transfers will cost you $30.

Chase You Invest withdrawal fees and options

Chase You Invest Robinhood Interactive Brokers
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from Chase You Invest? We tested the bank transfer withdrawal and it took 1 business day.

You can only withdraw money to accounts in your name.

How do you withdraw money from Chase You Invest? You can withdraw money from Chase You Invest by following these steps:

  • Log into the account
  • Select “Pay & Transfer”
  • Select “Transfer money”
  • Select the You Invest Trade account as “Transfer from” and the other account as “Transfer to”
  • Add the amount you wish to withdraw
  • Initiate the withdrawal

Account transfer

Besides the money transfer, you can also use account transfer to transfer your cash and/or securities from an external account. Chase You Invest charges $75 for account transfers.

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Chase You Invest review
Web trading platform

Chase You Invest web trading platform is very easy-to-use and has a great search function. On the flip side two-step authentication, clear fee report and price alerts are missing.

Pros Cons
• User-friendly • No clear fee report available
• Good search function • No two-step (safer) login
• Order confirmation • Limited customizability (for charts, workspace)
Chase You Invest platforms to choose from
Trading platform Score Available
Web 2.9 / 5 stars Yes
Mobile 3.9 / 5 stars Yes
Desktop No

Chase You Invest has the same web trading platform as the parent company. If you are a Chase client, it further actions easier as you can do banking transactions, not only trading. The web trading platform is available in English and Spanish.

Look and feel

The Chase You Invest web trading platform is user-friendly and provides a good user experience for you. Unfortunately, the platform is not customizable.

Login and security

Chase You Invest provides only a one-step login authentication. We found it to be a bit difficult having to register a new device when you log in from a device you didn’t use before i.e. your phone or tablet. You get a code during registration via text, email or phone and you can register your new device later with this code. This is a sort of extra step in ensuring safety but we still think a regular two-step authentication would be safer.

After the registration, you can access your account using your regular user ID and password combo.

Search functions

The search functions work just fine. When you start typing a company’s name or asset’s ticker, a list of the relevant results appear.

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop-loss
  • Stop limit

If you are not familiar with the basic order types, read this overview.

There are also order time limits you can use:

  • Good’til canceled (GTC)
  • Good’til end of the day (GTD)
  • On the Open
  • On the Close
  • Immediate or Cancel (IOC)

Alerts and notifications

Unfortunately, you cannot set alerts and notifications.

Portfolio and fee reports

Chase You Invest has a clear portfolio report but lacks a clear fee report. The pie charts help you understand to what extent your portfolio is diversified which is very useful. The fee report would help you to see the costs you paid to the broker.

Chase You Invest review
Mobile trading platform

Chase You Invest offers a great mobile trading platform with price alerts and biometric login. In functionalities and design, it is the same as the web trading platform.

Pros Cons
• User-friendly • No two-step (safer) login
• Good search function • No price alerts
• Order confirmation • No Touch/Face ID login

Though the web and the mobile trading platforms are really similar to each other, we overweight simplicity and easy-handling at mobile trading platforms. That is why Chase You Invest mobile trading platform has a bit higher score than the web trading platform.

The mobile trading platform of Chase You Invest is available both on any iOS or Android devices. We tested it on iOS. The mobile trading platform is available in English only.

In the case of the mobile trading platform biometric authentication is enabled in the form of fingerprints and voice ID. The latest is a security feature that verifies you by the sound of your voice when you call our customer service center, allowing fast & secure access to your account. It is still not as safe as a two-step login would be, but more convenient from user point of view.

The major difference compared to the web trading platform is that you can’t trade with bonds through the mobile trading platform. It was very strange to us.

Chase You Invest review
Desktop trading platform

Chase You Invest does not offer a desktop trading platform.

Chase You Invest review
Markets and products

Chase You Invest has a limited product portfolio offering stocks, ETFs, funds and bonds. Unfortunately, the product portfolio covers only asset classes from the US market.

Chase You Invest asset classes
Chase You Invest Robinhood Interactive Brokers
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No No Yes
Fund Yes No Yes
Bond Yes No Yes
Options No Yes Yes
Futures No No Yes
CFD No No Yes
Crypto No Yes Yes

Chase You Invest has ok fund and bond offers but lags behind in stock and ETFs.

Stocks and ETFs

Chase You Invest will give you access to around 5,000 stocks and 2,000 ETFs. It is much less than at Interactive Brokers, but almost the same as Robinhood. The stock and ETF offers cover only the major US stock exchanges.

Usually, we benchmark brokers by comparing how many markets a broker cover. Based on their site and the trading platform it is hard to figure out how many exchanges Chase You Invest covers. In case you plan to trade with small US stocks or with non-US stocks, it is best to contact their customer support first.

You can’t trade with low-priced stocks or “penny stocks”.

Chase You Invest stock and ETF selection

Chase You Invest Robinhood Interactive Brokers
Stock markets (#) 3 5 78
ETFs (#) 2,000 2,300 13,000

Funds

Chase You Invest offers

3,300 mutual funds from 60 different fund providers.

Chase You Invest mutual fund selection

Chase You Invest Robinhood Interactive Brokers
Fund providers (#) 60 257

Bonds

Similarly to funds, the selection of bonds is generally ok but lags behind Interactive Brokers product lineup.

Chase You Invest bond selection

Chase You Invest Robinhood Interactive Brokers
Bonds (#) 22,000 1,472,900

Portfolio Builder

Chase You Invest offers also a service, called Portfolio Builder. It is kind of a mix of mutual funds and robo-advisory. It is great if you need help to manage your investments.

First, you have to answer questions about your investment goal, risk tolerance, and time horizon. Based on your answers, Portfolio Builder creates a portfolio.

There is a $2,500 minimum amount to start Portfolio Builder.

Chase You Invest review
Research

Chase You Invest research tools are user-friendly when it comes to fundamental data and screening. On the flip side, sophisticated charting tools and recommendations are missing.

Pros Cons
• Data on asset fundamentals • Limited interactive charting
• Easy-to-use screener • No trading ideas
• Limited set of analytic tools

If you are looking for research tools of Chase You Invest, enter the Trading Platform and visit the ‘Markets’ section.

Trading ideas

Unfortunately, Chase You Invest does not provide trading ideas or recommendations.

Fundamental data

For the majority of the assets Chase You Invest offers you fundamental data although these are very basic ones like company profile, market capitalization, Beta or P/E ratio.

You can also find a detailed analysis, called Company report for the biggest US companies, like Apple or GE prepared by the J.P. Morgan research team.

Charting

Chase You Invest has poor charting tools, you can use only 20 technical indicators which is limited especially if you compare with Interactive Brokers’ 119 indicators. Also, unfortunately, you can only compare a chart with the charts of other assets, you can’t use trendlines or other useful tools.

Newsfeed

Comtex as a third party provides the newsfeed for Chase You Invest. The format is easy to read but lacks visual elements, like charts or pictures.

Other research tools you will enjoy

Chase You Invest offers a high-quality screener tool. The numerous filters embedded into the screener help you to filter the assets based on their sector, market capitalization, performance, etc.

At the funds, you can find a rating score by Morningstar, a third-party provider. This rating varies from 1 to 5 stars and describes how well a fund performs compared with similar funds. The top 10% of funds receive 5 stars, while the bottom 10% receive 1 star.

Chase You Invest review
Customer service

You can contact Chase You Invest through a quick and relevant phone support or by visiting a branch. Email and chat is missing though.

Pros Cons
• Fast response time • No live chat
• Relevant answers • No email support
• Fast and relevant telephone support

The telephone support is available in English and Spanish.

There is a lot of Chase branch throughout the US. If you visit a branch, you can contact with a JP Morgan adviser or ask your Chase representative/private banker for general information,

The Customer Support is available from Monday to Friday from 8 AM to 9 PM and Saturday from 9 AM to 5 PM ET. We missed 24/7 availability.

Chase You Invest review
Education

Chase You Invest’s education section offers a bunch of high-quality videos and articles. On the negative side, the demo account and the platform tutorial videos are missing.

Pros Cons
• Educational videos • No demo account
• Good production quality • No trading platform tutorial videos

On the website educational materials are available under ‘Learning & Insights’ tab.

At Chase You Invest you can learn in the following ways:

  • General educational videos
  • Quality educational articles

General educational videos cover the basic concepts for beginners such as what do phrases like “stock market” or “diversification” mean.

The other source of self-learning development is the article section. Here you can find a lot of topics covered, from the investment jargon to the investment strategies and planning.

Inside the account, each page contains a FAQ, a Glossary and a summary page, it’s super-easy to understand the covered topics and the functions.

Chase You Invest review
Safety

Chase You Invest is regulated by top-tier US regulators as SEC and FINRA. Investor protection amount is high, but negative balance protection is not available.

Pros Cons
• Majority of clients belong to a top-tier financial authority • No negative balance protection
• High level of investor protection
• Banking background

Is Chase You Invest regulated?

Yes, it is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Chase You Invest is based in USA and was released by J.P. Morgan in 2020. The parent company, J.P. Morgan was founded in 1985, meaning it has a long track record. Is Chase You Invest safe? To be certain, it is best to check two things: how you are protected if something goes wrong and what the background of the broker is.

How you are protected

Chase You Invest investor protection
Country of clients Protection amount Regulator Legal entity
USA $500,000 FINRA J.P. Morgan Securities LLC.

This is important for you because the investor protection amount and the regulator differ from entity to entity. With Chase You Invest this is not an issue though as all customers are covered by J.P. Morgan Securities LLC.

The SIPC investor protection protects against the loss of cash and securities in case the broker goes bust. The limit of SIPC protection is $500,000 from which cash is limited to $250,000.

Not all investments are protected by SIPC. In general, SIPC covers notes, stocks, bonds, mutual fund and other investment company shares, and other registered securities. It does not cover instruments such as unregistered investment contracts, unregistered limited partnerships, fixed annuity contracts, currency, and interests in gold, silver, or other commodity futures contracts or commodity options.

As in the case of US brokers, Chase You Invest neither provides negative balance protection that would mean if the balance on your account goes into negative, you would be protected.

Background

The parent company of Chase You Invest, J.P. Morgan was established in 1985. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

The fact that the parent company has a banking license means that Chase You Invest is also a subject of tougher regulations than brokers. What’s more, J.P. Morgan is also listed on the stock exchange, which is a big plus for safety as it releases financial statements regularly and transparently.

Having a parent company with a banking background, being listed on a stock exchange, and regulated by top-tier regulators are all great signs for Chase You Invest’s safety.

Chase You Invest review
Bottom line

Chase You Invest fees are great. You can trade with mutual funds for free and as a new client you have 100 commission-free trades for US-based stock and ETF in the first year. The account opening is easy, fully digital, and fast. J.P. Morgan is Chase You Invest’s strong parent company. It has a banking background and listed on the New York Stock Exchange.

Chase You Invest has some drawbacks though. It is available only for US clients. The product portfolio is limited, covering only US markets and the stock, ETF, bond, and fund asset classes. Lastly, the research tools are basic.

Speaking of account opening, the process is seamless, and Chase You Invest offers commission-free mutual funds and 100 commission-free stock and ETF trades, feel free to try it.

You Invest by J.P. Morgan

JPMorgan Chase and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance is not a guarantee of future results.

Asset allocation/diversification does not guarantee a profit or protect against a loss.

Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

You Invest is a business of J.P. Morgan Securities LLC offering self-directed brokerage (You Invest Trade) and investment advisory services (You Invest Portfolios).

Investment products and services are offered through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMS, CIA and JPMorgan Chase Bank, N.A. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

INVESTMENT AND INSURANCE PRODUCTS ARE:
· NOT FDIC INSURED · NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
· NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES
· SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

We’re here to help you manage your money today and tomorrow

Checking Accounts

Choose the checking account that works best for you. See Chase Premier Plus Checking and other Chase Coupon offers for new customers. Make purchases with your debit card, and bank from almost anywhere with your phone, tablet or computer and at our 16,000 ATMs and nearly 4,900 branches nationwide.

Savings Accounts & CDs

It’s never too early to begin saving. Open a savings account or open a Certificate of Deposit (see interest rates) and start saving your money. Savings accounts and Certificate of Deposit accounts are FDIC insured up to the maximum amount allowed by law.

Prepaid Card

The Starbucks ® Rewards Visa ® Prepaid Card is the only reloadable prepaid card that allows you to earn Stars everywhere you shop, with no monthly, annual or reload fees. Other fees may apply.

Credit Cards

Choose from our Chase credit cards to help you buy what you need. Many offer rewards that can be redeemed for cash back, or for rewards at companies like Disney, Marriott, Hyatt, United or Southwest Airlines. We can help you find the credit card that matches your lifestyle. Plus, get your free credit score!

Mortgages

Get a mortgage or refinance your home with Chase. See today’s mortgage rates, figure out what you can afford with our mortgage calculator before applying for a mortgage.

Home Equity Line of Credit

You might be able to use a portion of your home’s value to spruce it up or pay other bills with a Home Equity Line of Credit. To find out if you may be eligible for a HELOC, use our HELOC calculator and other resources before you apply.

Car Buying & Loans

Chase Auto is here to help you get the right car. Apply for an auto loan for a new or used car or refinance your existing car loan with Chase. Use the payment calculator to estimate monthly payments.

Planning & Investments

Whether you choose to work with a financial advisor and develop a financial strategy or invest online, J.P. Morgan offers insights, expertise and tools to help you reach your goals. Check here for latest You Invest SM offers, promotions, and coupons.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Chase Private Client

Ask us about Chase Private Client, a unique level of service that combines concierge banking from Chase and access to J.P. Morgan’s investment expertise.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE

Business Banking

With Business Banking, you’ll receive guidance from a team of business professionals who specialize in helping improve cash flow, providing credit solutions, and on managing payroll. Chase also offers online and mobile services, business credit cards, and payment acceptance solutions built specifically for businesses.

About Chase

Chase Bank serves nearly half of U.S. households with a broad range of products. Chase online lets you manage your Chase accounts, view statements, monitor activity, pay bills or transfer funds securely from one central place. If you have questions or concerns, please contact us through Chase customer service or let us know about Chase complaints and feedback.

Sports & Entertainment

Chase gives you access to unique sports, entertainment and culinary events through Chase Experiences and our exclusive partnerships such as the US Open, Madison Square Garden and Chase Center.

Other Products & Services:

“Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.

Investment products and services are offered through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMS, CIA and JPMorgan Chase Bank, N.A. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

“Chase Private Client” is the brand name for a banking and investment product and service offering.

You Invest Pricing

Keep more of your money invested in your goals

You Invest has online investing options for you – whether you want to trade on your own or get a smart portfolio managed for you.

You Invest Trade pricing

Open a You Invest Trade account and enjoy unlimited commission-free online stock, ETF and options trades. $0 minimum to start. Options contract and other fees may apply .

You Invest Portfolios pricing

With low advisory fees, You Invest Portfolios makes it easier to stay invested in your goals.

One price, no hidden management fees.

Advisory fee: 0.35%

Access to J.P. Morgan expertise at a low price.

Minimum balance: $500

Start investing with low minimums.

Get started investing for less

Open a You Invest Portfolios account with as little as $500 and pay an advisory fee of less than 25¢ a month.

Move the slider to estimate your advisory fee.

You Invest SM Trade Commission Schedule

Please read carefully. This Commission Schedule applies to You Invest Trade accounts. Commissions, fees, expenses and other information are subject to change. For more detailed information around our fees and commissions, see our PDF.

U.S. Listed Stocks & Exchange-Traded Funds 6,7

6 Sales of U.S. listed stocks and ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 principal. Transaction fees are intended to offset fees charged by various regulatory bodies and/or exchanges, and change periodically; please refer to your trade confirmation for the current fee. The amount collected may be more or less than the amount ultimately paid to the various regulatory bodies and/or exchanges. In the event of the former, no reimbursement will be distributed back to your account, and, in the event of the latter, there will be no additional charge made to your account. Foreign equity transactions are subject to a commission of 0.20% of the principal amount of the shares purchased or sold.

7 There are costs associated with owning Exchange-Traded Funds (ETFs). Before investing in ETFs, you should consider the funds’ investment objectives, risks, charges, and expenses. Contact the Client Service Team for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are also subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the fund.

$0/trade + $0.65/contract 8

$0/exercise or assignment (either early or automatic) 8

8 Purchases and sales of options are subject to a transaction fee of between $0.02 and $0.05 per options contract. Transaction fees are intended to offset fees charged by various regulatory bodies and/or exchanges, and change periodically; please refer to your trade confirmation for the current fee. The amount collected may be more or less than the amount ultimately paid to the various regulatory bodies and/or exchanges. In the event of the former, no reimbursement will be distributed back to your account, and, in the event of the latter, there will be no additional charge made to your account.

9 Options strategies currently available include: covered calls, cash secured puts, protective puts, long equity calls and long equity puts. Options trading involves risk; is not suitable for all investors; and is subject to approval. Before buying and selling options, investors should understand all of their rights and obligations associated with trading options. For information about options trading, including the risks, please review the “Characteristics and Risks of Standardized Options”

Chase You Invest App Review 2020 – An Attempt At Free Investing

The race for your investment dollars is on. Chase You Invest is the latest competitor to throw their app into the game.

Just a few months ago, perennial low cost leader Fidelity announced not one but two zero fee mutual funds while lowering “nuisance” fees such as closing fees. This come after Robinhood and M1 Finance both offer commission free investing. Now, JP Morgan Chase, the nation’s largest bank released ‘You Invest’ which is offering unlimited commission-free trades.

Is the You Invest App the right way to go for new investors? Here’s what you need to know about it.

Quick Summary

  • Commission-Free Trades for Stocks, Options, and ETFs
  • Large selection of stocks, ETFs, mutual funds, bonds, and more
  • Enjoy up to $625 when you open and fund a new You Invest Trade account with $25,000 or more in new money within 45 days

Chase You Invest Details

Product Name

Min Invesment

Commissions

$0 for Stocks, Options, and ETFs

Account Type

Promotions

How The You Invest App Works

The You Invest app is available through the Chase Mobile Banking app. If you’re an existing Chase customer, the new ‘You Invest’ functionality is in the app. If you’re not an existing Chase customer, you can still open a ‘You Invest’ account through the Chase website. You do need to be at least 18 years old with a valid social security number to open up the account.

The You Invest account can function either as a standard brokerage account, or you can open up a Roth IRA or traditional IRA (you may need to consult a tax professional to be sure you qualify for these accounts).

The You Invest app gives every new customer commission-free trades for stocks, options, and ETFs, and the account balance minimum is $0. You can trade stocks, ETFs, mutual funds, bonds (as in directly purchasing bonds), and other fixed income assets (think CDs).

The pricing for commissions is on par Robinhood’s or M1 Finance’s and other full service brokerages.

Premium customers (those that are Chase Private Client, Chase Sapphire Banking, J.P. Morgan Private Bank and J.P. Morgan Securities clients) enjoy unlimited commission-free online stock, ETF, and options trades every year. Options contract and other fees may apply.

What Makes You Invest Different From Other Trading Apps?

In addition to giving you the ability to buy and sell assets for free, the You Invest app is doubling down on investor education. It has a number of articles in it’s “Learning and Insights” section that can help newer investors understand how to look at their portfolios. But even more importantly, the app is designed to help you find investments that will help you reach your goals.

You can use the app’s “Find Investments” section to find investments that fit your parameters. It’s possible to adjust parameters based on asset classes, fees, risk tolerance and more. Even better, you’ll be able to look at stocks, ETFs, Mutual Funds and fixed income assets that meet your parameters. To be honest, this doesn’t sound like a special feature, but to the discredit of the investing industry, it is. JP Morgan Chase is one of the first brokerage companies that is using technology to help investors choose investments that fit with their goals, without spoon-feeding the “right” option.

For example, when you look at Mutual Funds, you’ll see the MorningStar ratings on the fund, and you’ll quickly learn how the fund will fit into your overall portfolio. Speaking of the overall portfolio, the Portfolio summary section on the front “page” of the app breaks down your portfolio by asset class. The stocks section will give you everything you need to perform a complete fundamental analysis of the stock (including company news if it’s available).

The You Invest app differentiates itself from other investing apps by helping investors keep an eye on their total portfolio while giving them the flexibility to choose from a variety of investments. Just be sure to note that while the You Invest app is a “trading” app, you can’t trade options or foreign currencies or trade on margin within the app. However, options and margin are available on Robinhood for free.

All things considered, it’s still a fairly conservative investment app.

You Invest Portfolio Builder

If you have a balance of at least $5,000 in your You Invest account, you become eligible to use the free Portfolio Builder tool. The portfolio builder tool analyzes your stocks and ETFs to see if the portfolio as a whole fits within your “risk profile” which is defined as your investment time horizon, your goals and your perceived ability to handle market fluctuations.

The portfolio builder won’t force you into certain investments, but it will warn you if you’ve selected investment options that aren’t well suited to your risk profile.

You Invest Managed Portfolios

In addition to the Portfolio Builder, JP Morgan Chase promises that it will release managed portfolios. It’s too early to say exactly how these will function, but it’s expected that it will be a “robo-advisor” style allocation of low cost ETFs.

How Much Does The App Cost?

Downloading the You Invest app (ie the Chase mobile banking app) is free. You won’t pay maintenance fees or any other bogus charges. Everyone who opens an account currently gets commission-free trades. Options contract and other fees may apply.

Buying mutual funds through the app is always free. If you want to buy bonds, you’ll pay $1 per bond (with a $10 minimum and a $250 max). Fixed income also costs $1 per trade.

JP Morgan Chase also promises that it will have managed portfolios within the app. The fee structure for those portfolios hasn’t been announced yet.

What Are The Alternatives To The You Invest App?

If you’re an individual stock investor who has dozens or hundreds of individual positions, the You Invest app isn’t the right app for you. Robinhood or M1 Finance will help you manage your portfolio without incurring excessive fees. You may have to use outside sources to evaluate each position in your portfolio, but it’s still better than paying for dozens of trades every quarter. Likewise, active traders will need to choose another app such as TD Ameritrade’s app or Robinhood.

At the other end of the spectrum, people who want to take a completely hands off approach to their investments won’t find what they need through You Invest. Automated investment platforms such as M1 Finance or Betterment offer best in class asset management for a low cost.

However, when it comes to “investors in the middle.” People who want some individual positions, but a lot of index funds the You Invest app offers a good balance. It’s an ideal design for investors who are still learning about their investing style (as long as that style doesn’t end up being active trader).

Final Thoughts

Overall, the You Invest app makes a lot of sense for people who have some investing knowledge, but want to dive deeper into areas like individual stocks or less traditional ETFs. With commission-free trades, the You Invest app can be a great way to explore new investment options without racking up huge fees.

The You Invest app is an exciting development, and it’s great for consumers. Just remember, it’s not the only way to invest for free.

DISCLOSURE – INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

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