Updated September 29, 2026 · BrokerCue Editorial Team
JPMorgan Chase vs Robinhood
JPMorgan Chase vs Robinhood: the differences
| Compare |  JPMorgan Chase |  Robinhood |
|---|---|---|
| Markets | Stocks, ETFs, Options, Bonds, Funds, Crypto | Stocks, ETFs, Options, Futures, Crypto |
| Regulators | FINRA, SIPC | Bank of Lithuania (LSC), LT BL, SIPC |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Margin rate | 12.25% | 3.95%Lower |
| Options contract fee | $0.65 | $0Lower |
| Deposit and withdrawal fees | $25 wire fee | $100 outgoing transfer |
| Platforms | Chase Mobile app, Chase.com | Robinhood app, Robinhood Legend |
| Inactivity fee | Not confirmed | $0 |
| Maximum retail leverage | Not confirmed | 10X |
Same on both: Minimum deposit ($0), Stock trade fee ($0), Account fee ($0), Account types (IRA, Roth IRA, Joint).
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Key differences
- Robinhood scores higher overall: 9.4 vs 9.3.
- Regulators: only JPMorgan Chase offers FINRA.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL.
- Margin rate is lower at Robinhood: 3.95% vs 12.25%.
- Options contract fee is lower at Robinhood: $0 vs $0.65.
- Markets: only JPMorgan Chase offers Bonds, Funds.
- Markets: only Robinhood offers Futures.
- Platforms: only JPMorgan Chase offers Chase Mobile app, Chase.com.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
- Features: only Robinhood offers Futures.
Our verdict on each
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.
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
Score breakdown
| Area | JPMorgan Chase | Robinhood |
|---|---|---|
| Cost | 9.0 | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. |
| Offer | 9.3 | 9.3 |
| Trust | 9.5Higher | 9.3 |
What each covers
| Markets | JPMorgan Chase | Robinhood |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | No | Yes |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
| Account types | JPMorgan Chase | Robinhood |
|---|---|---|
| IRA | Yes | Yes |
| Roth IRA | Yes | Yes |
| Joint | Yes | Yes |
Where these facts come from
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
Robinhood
- finder.com: 7 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
- mymillennialguide.com: 4 facts, checked September 26, 2026
- financer.com: 2 facts, checked September 26, 2026
- robinhood.com: 1 fact, checked September 26, 2026
How they place
| Ranking | JPMorgan Chase | Robinhood |
|---|---|---|
| Stock and ETF brokers | 64 of 490 | 13 of 490 |
| Investment platforms and apps | 15 of 85 | 1 of 85 |
| Options trading platforms | 19 of 103 | 1 of 103 |
| Margin trading brokers | 9 of 22 | 2 of 22 |
| Brokers for beginners | 24 of 88 | 6 of 88 |
| IRA providers | 12 of 43 | 1 of 43 |
Every fact side by side
| Fact | JPMorgan Chase | Robinhood |
|---|---|---|
| Features | Fractional shares, Options, Mobile app, Crypto | Crypto, Fractional shares, Options, Futures, Mobile appCovers more |
| Pricing model | Commission free | Commission free, Low feesCovers more |
| Audience | Beginners | Beginners, Day tradersCovers more |
| Legal entity | JPMorgan Chase Bank, N.A. | Robinhood Europe UAB |
| Headquarters | Not confirmed | Lithuania |
| Founded | Not confirmed | 2013 |
| Support channels | Phone, Help centre | Not confirmed |
Robo-advisors
| Fact | JPMorgan Chase | Robinhood |
|---|---|---|
| Minimum investment | $25,000 | Not confirmed |
| Portfolio types | ETF, Crypto | Not confirmed |
Where each stands against the rest
| Fact | JPMorgan Chase | Robinhood | 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 | Not confirmed | $0at the median | $0 |
| Margin rate | 12.25%highest quarter | 3.95%lowest quarter | 8.79% |
| Options contract fee | $0.65above the median | $0lowest quarter | $0.59 |
Median across 99 listed brokers.
Pros and cons
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.
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
Who each suits
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.
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
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
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.
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
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