Updated September 29, 2026 · BrokerCue Editorial Team
Interactive Brokers vs JPMorgan Chase
What sets them apart
| Compare |  Interactive Brokers |  JPMorgan Chase |
|---|---|---|
| Markets | Bonds, ETFs, Forex, Funds, Futures, Options, Stocks | Stocks, ETFs, Options, Bonds, Funds, Crypto |
| Regulators | SEC, FCA, SIPC | FINRA, SIPC |
| Margin rate | 4.38%Lower | 12.25% |
| Platforms | Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation | Chase Mobile app, Chase.com |
| Account types | ISA, SIPP, IRA, Joint, Corporate | IRA, Roth IRA, Joint |
| Account fee | Not confirmed | $0 |
| Deposit and withdrawal fees | Not confirmed | $25 wire fee |
| Interest on cash | 3.38% | Not confirmed |
Same on both: Minimum deposit ($0), Stock trade fee ($0), Investor protection (SIPC up to USD 500,000), Options contract fee ($0.65).
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Key differences
- Interactive Brokers scores higher overall: 9.6 vs 9.3.
- Regulators: only Interactive Brokers offers SEC, FCA.
- Regulators: only JPMorgan Chase offers FINRA.
- Margin rate is lower at Interactive Brokers: 4.38% vs 12.25%.
- Markets: only Interactive Brokers offers Forex, Futures.
- Markets: only JPMorgan Chase offers Crypto.
- Platforms: only Interactive Brokers offers Client Portal, IBKR Desktop, IBKR Mobile.
- Platforms: only JPMorgan Chase offers Chase Mobile app, Chase.com.
- Account types: only Interactive Brokers offers ISA, SIPP, Corporate.
- Account types: only JPMorgan Chase offers Roth IRA.
Our verdict on each
Interactive Brokers
Interactive Brokers suits investors who want a single account across ISA, SIPP, IRA, joint and corporate holdings, with stocks, bonds, funds, forex, options and futures behind it. It ranks 1 of 213 brands on minimum deposit at $0, and stock trades are charged at $0.
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 | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| Cost | 9.3HigherStock trades cost $0, the minimum deposit is $0 and an options contract costs $0.65. | 9.0 |
| Offer | 9.6HigherAccount types cover isa, sipp and ira, and the market list spans bonds, etfs and forex. | 9.3 |
| Trust | 9.8Higher | 9.5 |
Positions in our rankings
| Ranking | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| Stock and ETF brokers | 35 of 490 | 64 of 490 |
| Options trading platforms | 7 of 103 | 19 of 103 |
| Margin trading brokers | 4 of 22 | 9 of 22 |
| Robo-advisors | 10 of 153 | 18 of 153 |
Licences and countries
| Country | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| United Kingdom | FCA 208159 | Not confirmed |
| United States | SIPC SIPC member 53615 | Not confirmed |
What each covers
| Markets | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Options | Yes | Yes |
| Futures | Yes | No |
| Crypto | No | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| ISA | Yes | No |
| SIPP | Yes | No |
| IRA | Yes | Yes |
| Roth IRA | No | Yes |
| Joint | Yes | Yes |
| Corporate | Yes | No |
Sources behind this comparison
Interactive Brokers
- interactivebrokers.com: 9 facts, checked September 26, 2026
- brokersway.com: 2 facts, checked September 26, 2026
- toponlineforexbrokers.com: 2 facts, checked September 26, 2026
- euinvestinghub.com: 1 fact, checked September 26, 2026
- eupersonalfinance.eu: 1 fact, checked September 26, 2026
JPMorgan Chase
- chase.com: 8 facts, checked September 26, 2026
- stockbrokers.com: 5 facts, checked September 26, 2026
- nerdwallet.com: 2 facts, checked September 26, 2026
- finder.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| Features | Fractional shares, Mobile app | Fractional shares, Options, Mobile app, CryptoCovers more |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | INTERACTIVE BROKERS LLC | JPMorgan Chase Bank, N.A. |
| Headquarters | United States | Not confirmed |
| Founded | 1978 | Not confirmed |
| Support channels | Help centre, Community | Phone, Help centre |
Robo-advisors
| Fact | Interactive Brokers | JPMorgan Chase |
|---|---|---|
| Minimum investment | Not confirmed | $25,000 |
| Portfolio types | ETF | ETF, CryptoCovers more |
Where each stands against the rest
| Fact | Interactive Brokers | JPMorgan Chase | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | $0below the median | $10 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Account fee | Not confirmed | $0at the median | $0 |
| Margin rate | 4.38%below the median | 12.25%highest quarter | 8.79% |
| Options contract fee | $0.65above the median | $0.65above the median | $0.59 |
| Interest on cash | 3.38%above the median | Not confirmed | 3% |
Median across 99 listed brokers.
Pros and cons
Interactive Brokers
Pros
- A stock trade costs $0 and the minimum deposit is $0, the pairing behind rank 1 of 161 on stock trade fees among the brokers tracked here.
- The account types listed cover isa, sipp and ira, so an ISA, SIPP, IRA, joint or corporate account all sit under a single provider.
- bonds, etfs and forex puts stocks, ETFs, bonds, funds, forex, options and futures on the same account, with a margin rate of 4.38% for geared positions.
Cons
- Support runs on help centre and community, so a phone line and live chat sit outside the offer.
- bonds, etfs and forex covers shares, ETFs, bonds, funds, forex, options and futures but leaves out crypto and CFDs, which eToro lists in stocks, etfs and forex.
- An options contract costs $0.65 against a stock trade at $0, so options strategies pay a visible premium per contract.
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
Interactive Brokers
Who it suits
- Investors holding money across several wrappers, since the account types listed cover isa, sipp and ira.
- Traders who want options, futures, forex and bonds alongside shares on a single account, per bonds, etfs and forex.
- Anyone starting with a small balance: the minimum deposit is $0 and fractional shares appear in the feature list (fractional shares and mobile app).
Who should look elsewhere
- Anyone who trades crypto or CFDs, since bonds, etfs and forex leaves both out while eToro lists them in stocks, etfs and forex.
- Readers who want a stated entry figure as a signal of the provider's target size, since Vantage publishes $5 where this broker's minimum is $0.
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
Questions about each
Interactive Brokers
What does it cost to trade shares?+
A stock trade is charged at $0 and the minimum deposit is $0, so opening an account and dealing in shares carry no charge. The money sits in derivatives and leverage instead, where an options contract costs $0.65 and the margin rate is listed at 4.38%.
Is my money protected?+
The regulatory list runs to SEC, FCA and SIPC, and investor protection is stated as SIPC up to USD 500,000. The UK entry is the FCA under licence 208159, while the US side names the SEC and the SIPC membership SIPC member 53615. The protection figure describes the scheme stated for the account and says nothing about how a trade performs.
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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