JPMorgan Open Account Offers
Our JPMorgan You Invest review started off by looking at the brand’s promotion for new customers. After all, brokers tend to give new customers special offers in order to attract them to their services, and it gives you a great incentive to start investing.
We saw JPMorgan offering up to $725 when you open and fund your new You Invest trade account. It’s a deal that provides more when customers at JPMorgan You Invest open accounts for the first time and invest more money.
So if you fund your account with between $25,000 and $99,999, you could receive $200. By funding $100,000 and $249,999, you’ll get $350. Investments over $250,000 will see you receiving $725 in rewards.
Just remember that you get 45 days to fund your new account with the qualifying money, so be quick to come to JPMorgan You Invest open account and put your deposits down. The funds must be maintained in your account for at least 90 days. By doing this, JPMorgan will add the bonus funds into your account within 10 working days. Just one of the main reasons why JPMorgan You Invest opinions are so positive.
Our JPMorgan You Invest review found that the brand has put together an investment platform that’s remarkably simple to use. It features both a website and an app that uses calming and easy-to-read aesthetics with bold black text on a white background with important features like the navigation bar highlighted in blue. This makes it simple to come to JPMorgan You Invest open accounts and enjoy the service.
Our JPMorgan You Invest review found that the whole service feels reassuringly professional as would be expected given the stature of JPMorgan. While other brokers like M1 Finance have only been around for a relatively short amount of time, JPMorgan clearly has a wealth of experience, and it shows in the quality of its online investment platform.
It’s a service that proves to be simple to use when customers at JPMorgan You Invest open accounts for the first time with lots of handy tutorials that guide you into making deposits and withdrawals.
So, as a JPMorgan You Invest American customer, you should be able to visit the site or download the iOS or Android apps and start building your portfolio.
You might also wish to look over some popular trading platform alternatives. Head over to our Lightspeed review and M1 Finance review, to get a feel for these competing platforms.
JPMorgan You Open Accounts
Our JP Morgan You Invest review found that one of the biggest reasons to come to this site is that you can open your account from a minimum of just $0, and there are no annual or inactivity fees. When you sign up, you’ll get the choice to open a broker account, a standard IRA or open a Roth IRA. So be sure to think wisely when you come to JPMorgan You Invest open accounts and consider your options.
We have to mention the fact that this platform offers you a seamless way to integrate your financial activity with Chase products that includes both regular bank accounts and credit cards. Even if you don’t have a Chase account, you should still find it easy to come to JPMorgan You Invest open accounts, and start investing with as little as $1 in no-load mutual funds.
Don’t forget that JPMorgan You Invest USA customers will be able to reach other investment opportunities such as mutual funds and bonds. Bear in mind that our JPMorgan You Invest review found that there was a $75 account transfer fee – just another reason why you should always check the terms and conditions before you come to JPMorgan You Invest open accounts and get started.
JPMorgan You Trading Platforms
Our JPMorgan You Invest review found that the brand uses a web-based trading platform that’s perfectly suited to those just getting started in online investments. While specialist brokers like Just2Trade offer a wealth of information that might overpower newcomers, JPMorgan’s product delivers a low-cost and user-friendly way to build a portfolio.
You won’t need to download any software to get started, and the main Portfolio Builder tool is directly available through the website. This offers a basic way to trade and build your watch lists based on the daily price changes. Other tools within the software include a standard stock chart, and while there are real-time quotes, some JPMorgan You Invest USA customers would have liked to have a streamed quote option.
Don’t forget that JPMorgan You Invest is also available as an app for iOS and Android devices. This works in a similar way to the app discussed in our Merrill Edge review, and once again features a basic, but streamlined interface that makes it easy to research, trade and manage your investments on a smartphone or tablet. So be sure to sign up to JPMorgan You Invest open accounts and start trading.
Not only is there no minimum deposit required to open your account, but JPMorgan You Invest USA customers face very little in the way of fees with this brokerage platform. Just bear in mind that our JPMorgan You Invest review found that option trades are currently running at around $0.65 for each contract.
You’ll get unlimited free stock and ETF trades here, and the whole platform has earned a strong reputation as being the one of the best value brokerages currently available. All of which means that you’ll probably be keen to see how you can fund your investments at JPMorgan You Invest.
We should note the fact that you will only be able to make deposits and withdrawals via a bank transfer. This makes it simple to sign up to JPMorgan You Invest open accounts and start investing. There is currently no option for using credit and debit cards or e-wallets to fund your investing.
Thankfully, both deposits and withdrawals are carried out fairly quickly with processing times generally running at under three working days. Don’t forget that wire transfers from other banks will carry a processing fee of $30 which is roughly the industry standard among the brand’s competitors.
Our JPMorgan You Invest review found that you should be able to get help with your Invest Trade account queries via telephone support in English and Spanish languages. Bear in mind that this customer service option is only available between 0800 and 1900 hours Eastern time which might not be ideal for some JPMorgan You Invest USA customers.
While some other brokers feature 24/7 customer support, we would have hoped for a more comprehensive service. Despite this, we were impressed with the fact that we could usually get in touch with one of the JPMorgan customer support representatives in under one minute. Each of the JPMorgan You Invest customer service team members that we spoke to offered a friendly, knowledgeable and professional way to get answers to our queries. This should make it easy to come to JPMorgan You Invest open accounts and enjoy the financial service.
Plus such a personal customer service approach put JPMorgan You Invest ahead of other brands, as discussed in our RobinHood review, that offered more of an impersonal email support service. Despite this, we were surprised to find that there was no simple way to send emails to JPMorgan You Invest, and there was no live chat service either.
Don’t forget that JPMorgan includes a host of securities financial advisors who will be there to deliver customized solutions for your individual financial goals. So although the lack of live chat and email support might have harmed the brand’s customer service ratings, you should feel well taken of at the JPMorgan You Invest platform.
Regulation & Deposit Protection
JPMorgan Chase is well-known as being the world’s most valuable bank in terms of market capitalization. It is a publicly traded and registered bank holding company that is regulated by the Federal Reserve Bank of New York. The brand is listed on the stock exchange and had revenues in excess of $115 billion as of 2019.
We found that JPMorgan You Invest offers a rigorous and safe sign up process. This ensures that minors are protected, and JPMorgan You Invest USA customers will have to verify your identity and residency. JPMorgan You Invest review found that you should expect to have to prove that you are over the age of 18, and you’ll need to provide your social security number, driving license and a bank statement.
Like other quality brokers such as Lightspeed, JPMorgan You Invest features a fully encrypted website. This includes high-level SSL encryption that will ensure that all communication between your browser and the website stays in safe hands. So you should be able to sign up to JPMorgan You Invest open account and invest with confidence. Head over to our Lightspeed review for a fair comparison of safety features.
As a result, we can see that by signing up to JPMorgan You Invest, you can benefit from the sheer scale and expertise of being with the sixth largest bank in the world in regards to total assets.
While there is little in the way of additional offers at JPMorgan You Invest, the brand features several tools that are designed to help you make more out of your investments.
Nowhere is this more evident than in the smart portfolios that the brand can manage for you. Our JPMorgan You Invest review found that while there is an annual advisory fee of 0.35% and a minimum investment of $500, you’ll stand to benefit from all of the expertise and technology at JPMorgan’s disposal.
Plus the platform is packed with learning and insight tools. These can help to navigate market volatility, and get the investing basics explained thanks to a series of helpful articles and video tutorials.
In addition to this, you’ll find a wealth of investment strategies and market insights that are all designed to help those new to brokerages take their first steps in this domain. All of which means that JPMorgan You Invest offers one of the most user-friendly ways to get to grips with anything from shares trading to dealing in ETFs.
JPMorgan You Invest Review - Overall Conclusion
JPMorgan You Invest could be the perfect online broker for a number of reasons. Firstly, our JP Morgan You Invest review found that the lack of commissions on stock and exchange-traded fund trades means that this is one of the cheapest online brokers around.
You’ll also get to benefit from opening up your Invest Trade account with no minimum deposit amount, and the brand’s integrated app offers you a streamlined way to check your portfolios and link up with any other Chase accounts that you might have.
However, it’s not a perfect online brokerage from JPMorgan. The range of investments is fairly limited, as there is nothing in the way of forex or crypto investments here. Plus we should note that the Portfolio Builder tools has a relatively high minimum account balance threshold of $2,500.
Some people might find that the customer support options are surprisingly limited for a brand of this size, plus we would have liked to have seen a little more in the way of research and analytical tools in the platform.
Despite these reservations, it’s the overall ease of use of the JPMorgan You Invest platform that could be its greatest asset. Our JP Morgan You Invest review found that the Portfolio Builder tool makes it very simple to research, compare and select your investments, plus the You Invest Trade accounts should take a lot of the mystery out of investing in anything from mutual funds to bonds. All of which could make JPMorgan You Invest the perfect online broker for new investors.
If you enjoyed reading this review, then head over to our eToro review for a full run down of this popular broker platform.
For more helpful trading tips, be sure to take a look at our latest best crypto broker in USA guide.
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