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Broker Comparison

J.P. Morgan Wealth Management vs Public

Compare J.P. Morgan Wealth Management and Public side by side: fees, regulation, platforms.

J.P. Morgan Wealth Management

J.P. Morgan Wealth Management

Chase clients who want investing and banking in one place

J.P. Morgan Wealth Management combines self-directed online investing with advisor services, $0 online stock โ€ฆ

VS
Public

Public

Active investors who want options rebates and API access

Public is a US multi-asset investing platform offering stocks, ETFs, options, bonds, crypto, margin, AI toolsโ€ฆ

Head-to-head comparison

J.P. Morgan Wealth Management vs Public
Feature J.P. Morgan Wealth Management Public
Minimum deposit No minimum investment to open a J.P. Morgan Self-Directed Investing account; start trading with as little as $1 โ€”
Stock trading fee U.S.-listed stocks: $0.00/trade online; $25.00/trade call-in $0 for regular market-hours US-listed stocks and ETFs; $2.99 per extended-hours trade; OTC stocks $2.99 per trade
Regulators FINRA SEC, FINRA, SIPC, FDIC, NYSDFS
Best for Chase clients who want investing and banking in one place Active investors who want options rebates and API access
Markets & account
Stocks
ETFs
Crypto
โ€”
Bonds
Options
Funds
โ€”
Fractional Shares
Money Market Funds
โ€”
Margin
Investment Plans
โ€”

Pros & cons

J.P. Morgan Wealth Management

J.P. Morgan Wealth Management

Pros

  • Unlimited $0 online trades on U.S.-listed stocks and ETFs
  • Self-directed investing can start with as little as $1
  • Fractional shares of S&P 500 and NASDAQ 100 assets from $5
  • Options trade online for $0 plus $0.65 per contract
  • Chase Mobileยฎ app combines banking and investing access
  • Cash transfers into accounts have no J.P. Morgan fee
  • Margin rates are published by balance tier

Cons

  • Call-in stock and ETF trades cost $25.00 per trade
  • Options still carry a $0.65 per-contract fee
  • Full outgoing brokerage account transfers cost $75
  • Wire transfers cost $25 per wire
  • Physical stock certificate safekeeping costs $10 monthly per position
  • Low-priced, block and algorithmic trades are not available
  • Self-directed margin accounts cannot sell cash-secured puts
Public

Public

Pros

  • $0 regular-hours US stock and ETF trades
  • Options rebates of $0.06-$0.18 per stock or ETF contract
  • Margin rates range from 4.90% to 4.25%
  • Public API supports programmatic trading
  • High-Yield Cash Account pays 3.30% APY with no fees
  • Direct indexing starts with as little as $1,000
  • SIPC protection up to $500,000 for cash and securities
  • FDIC protection up to $5 million for High-Yield Cash Account

Cons

  • $2.99 extended-hours stock and ETF trades without Premium
  • OTC stock trades cost $2.99 without Premium
  • Inactivity fee is $3.99 every month
  • Outgoing ACAT transfers cost $100
  • Instant Withdrawals cost up to 3.5%, minimum $1
  • Crypto assets are not FDIC or SIPC insured
  • Fractional shares are not transferable outside Public
  • Premium costs $10 monthly or $96 annually unless waived
J.P. Morgan Wealth Management

J.P. Morgan Wealth Management

J.P. Morgan Wealth Management combines self-directed online investing with advisor services, $0 online stock and ETF trades, fractional shares and Chase app access.

Your capital is at risk. Other fees apply.

Public

Public

Public is a US multi-asset investing platform offering stocks, ETFs, options, bonds, crypto, margin, AI tools, a trading API and cash products.

Your capital is at risk. Other fees apply.

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