Updated September 28, 2026 · BrokerCue Editorial Team
Firstrade vs JPMorgan Chase
Where Firstrade and JPMorgan Chase differ
| Compare |  Firstrade |  JPMorgan Chase |
|---|---|---|
| Markets | Stocks, ETFs, Options, Funds | Stocks, ETFs, Options, Bonds, Funds, CryptoCovers more |
| Options contract fee | $0Lower | $0.65 |
| Deposit and withdrawal fees | Free for bank transfers, $25 for wire transfers | $25 wire fee |
| Platforms | Web, iOS, Android, IPad | Chase Mobile app, Chase.com |
| Inactivity fee | $0 | Not confirmed |
| Margin rate | Not confirmed | 12.25% |
Same on both: Minimum deposit ($0), Stock trade fee ($0), Account fee ($0), Regulators (SIPC, FINRA), Investor protection (SIPC up to USD 500,000), Account types (IRA, Roth IRA, Joint).
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Key differences
- Firstrade scores higher overall: 9.5 vs 9.3.
- Options contract fee is lower at Firstrade: $0 vs $0.65.
- Markets: only JPMorgan Chase offers Bonds, Crypto.
- Platforms: only Firstrade offers Web, iOS, Android.
- Platforms: only JPMorgan Chase offers Chase Mobile app, Chase.com.
- Features: only Firstrade offers Demo account.
- Features: only JPMorgan Chase offers Crypto.
- Audience: only Firstrade offers Experienced, Day traders.
Our verdict on each
Firstrade
Firstrade is a US commission-free broker for retail savers who want retirement accounts and low costs in the same place. Protection is listed as SIPC up to USD 500,000, the minimum deposit is $0, and the trade-off is a market list limited to US equities, funds and options.
JPMorgan Chase
JPMorgan Chase takes a stock trade fee of $0 and an account fee of $0, and the account is a retirement wrapper rather than a trading-only platform. It suits beginners and existing Chase customers who want low costs, though the portfolio service needs $25,000 and support runs on phone and help centre only.
Score breakdown
| Area | Firstrade | JPMorgan Chase |
|---|---|---|
| Cost | 9.5HigherStock trades cost $0 and options contracts $0; transfers run Free for bank transfers, $25 for wire transfers. | 9.0 |
| Offer | 9.4Higher | 9.3 |
| Trust | 9.6Higher | 9.5 |
Feature by feature
| Markets | Firstrade | JPMorgan Chase |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Crypto | No | Yes |
| Bonds | No | Yes |
| Funds | Yes | Yes |
| Account types | Firstrade | JPMorgan Chase |
|---|---|---|
| IRA | Yes | Yes |
| Roth IRA | Yes | Yes |
| Joint | Yes | Yes |
Licences and countries
| Country | Firstrade | JPMorgan Chase |
|---|---|---|
| United States | SIPC SIPC member 34642 | Not confirmed |
How they place
| Ranking | Firstrade | JPMorgan Chase |
|---|---|---|
| Stock and ETF brokers | 38 of 490 | 64 of 490 |
| Investment platforms and apps | 9 of 85 | 15 of 85 |
| Options trading platforms | 10 of 103 | 19 of 103 |
| Brokers for beginners | 13 of 88 | 24 of 88 |
| IRA providers | 7 of 43 | 12 of 43 |
Every fact side by side
| Fact | Firstrade | JPMorgan Chase |
|---|---|---|
| Features | Demo account, Options, Mobile app, Fractional shares | Fractional shares, Options, Mobile app, Crypto |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced, Day tradersCovers more | Beginners |
| Legal entity | FIRSTRADE SECURITIES INC | JPMorgan Chase Bank, N.A. |
| Headquarters | United States | Not confirmed |
| Founded | 1985 | Not confirmed |
| Support channels | Phone, Help centre | Phone, Help centre |
Robo-advisors
| Fact | Firstrade | JPMorgan Chase |
|---|---|---|
| Minimum investment | Not confirmed | $25,000 |
| Portfolio types | Not confirmed | ETF, Crypto |
Where each stands against the rest
| Fact | Firstrade | JPMorgan Chase | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | $0below the median | $10 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Account fee | $0at the median | $0at the median | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Margin rate | Not confirmed | 12.25%highest quarter | 8.79% |
| Options contract fee | $0lowest quarter | $0.65above the median | $0.59 |
Median across 99 listed brokers.
Pros and cons
Firstrade
Pros
- Regulated in the US by FINRA and SIPC, with protection stated as SIPC up to USD 500,000 and a membership record at SIPC member 34642.
- A traditional IRA, a Roth IRA and a joint account all sit in ira, roth ira and joint under the commission-free pricing in commission free, so retirement and shared accounts hold at the same cost.
- Fractional shares and a demo account sit in demo account, options and mobile app, which helps the beginners and day traders named in beginners, experienced and day traders start small.
Cons
- The market list in stocks, etfs and options covers stocks, ETFs, options and funds, a narrow range next to eToro at stocks, etfs and forex and CFI at stocks, etfs and forex.
- Live chat and email are not among the listed support channels (phone and help centre), which pair a phone line with a help centre.
- An ISA and a SIPP are not among the listed account types (ira, roth ira and joint), which cover a traditional IRA, a Roth IRA and a joint account.
JPMorgan Chase
Pros
- Stock trades cost $0 and the account fee is $0, with a minimum deposit of $0.
- Investor protection stands at SIPC up to USD 500,000.
- The account list covers ira, roth ira and joint, so retirement and joint investors are served directly.
Cons
- Support runs on phone and help centre only, with no chat or email channel listed.
- Money moving out by wire costs $25 wire fee.
- An options contract costs $0.65 and margin borrowing is charged at 12.25%, so the commission free model covers share trades rather than every action.
Who each suits
Firstrade
Who it suits
- US savers who want commission-free stock and ETF trading inside a retirement account, since the list in ira, roth ira and joint covers an IRA and a Roth IRA.
- Investors who trade in small amounts, because fractional shares in demo account, options and mobile app work alongside a $0 entry point.
- Day traders in US equities, named in beginners, experienced and day traders with a mobile app among the platforms in Web, iOS and Android.
Who should look elsewhere
- Traders who want forex, CFDs or crypto alongside equities: eToro lists stocks, etfs and forex and CFI lists stocks, etfs and forex, while Firstrade stays within stocks, etfs and options.
- UK and European savers who need a tax wrapper, since ira, roth ira and joint names no ISA or SIPP. Vantage, which sets $5 as its entry point, is worth pricing alongside.
JPMorgan Chase
Who it suits
- People new to investing: the stated audience is beginners.
- Retirement and joint investors, since the account types cover ira, roth ira and joint.
- Investors who want options and crypto in one account, since the feature set includes fractional shares, options and mobile app.
Who should look elsewhere
- Forex and CFD traders: CFI (stocks, etfs and forex) and eToro (stocks, etfs and forex) list markets that the JPMorgan Chase list of stocks, etfs and options does not.
- Futures traders: eToro lists stocks, etfs and forex, so a broader instrument set sits in a single account.
- Anyone starting a managed portfolio with a small sum: Vantage takes $5, while the JPMorgan Chase portfolio account asks $25,000.
Current offers
JPMorgan Chase
Current offer
Bonus
Earn up to $1,000 cash bonus: up to $1,000
Open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money by 10/21/2026; fund within 45 days, maintain to 90 days
Source, checked September 26, 2026
Country by country
| Country | Firstrade | JPMorgan Chase |
|---|---|---|
| United States | Yes | No |
Questions about each
Firstrade
What does it cost to trade stocks and options?+
Stock trades cost $0 and the options contract fee is $0, so nothing is charged per trade on either side. The pricing model listed is commission free, which matches that, and the same terms apply to stocks and options contracts. A reader comparing quotes will find the same line on both markets.
Are there account or inactivity fees?+
The account fee is $0 and the inactivity fee is $0, so an account can sit open and untouched without an annual charge or a dormant penalty. That suits a saver who funds a retirement account and does not trade every month, since holding a small balance costs nothing beyond the trades themselves.
JPMorgan Chase
How much does it cost to trade stocks?+
Stock trades cost $0 and the account fee is $0, with a minimum deposit of $0, so a simple buy and hold account starts with no charge on either side. The pricing model is listed as commission free, and nothing per trade is added on top.
What do options and margin cost?+
An options contract costs $0.65, and borrowing on margin is charged at 12.25%. Those are the places a fee appears, which makes share and fund orders the cheapest actions in the account. Anyone trading options or using margin should read both figures before committing money.
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