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JP Morgan Chase vs Cash App (2024)
Cash App vs JP Morgan Chase—which is better in 2024? Compare investing accounts,
online trading fees, stock broker extended hours, and differences.
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Overview of J.P. Morgan Investing and Cash App
Before you open an account with Cash App or J.P. Morgan Investing, take a look at our research. It shows where each one performs well and where they fall short.
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Trading Tools |
Customer Service |
Research |
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Chase
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Cash App
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Up First Is Tradable Assets
J.P. Morgan Self-Directed Investing offers a decent range of financial products, including:
- Mutual funds
- Exchange-traded funds
- Closed-end funds
- Options
- Bonds and other fixed-income vehicles
- Equities
Cash App removes bonds, mutual funds, closed-end funds, and options from this list, adding just one cryptocurrency (bitcoin) instead.
J.P. Morgan Investing takes the lead in this category.
Next Is Mobile Apps
J.P. Morgan Investing uses the Chase Bank app, where one login can access both investment and bank accounts. On the investing side, there are useful tools like a trade ticket with four order types and five duration choices. Mutual funds and options have separate trading tickets. Charting is only available in vertical mode, but there are several tools, including technical studies.
Since J.P. Morgan Investing uses the Chase Bank app, there are many cash management features, including mobile check deposit, free credit score offers, and cash bonuses for using a Chase credit card at certain retailers.
Cash App also has an easy-to-use app with several cash management features. Like the J.P. Morgan app, it offers bonuses for shopping with partner businesses, but it doesn’t include a mobile check deposit option.
For trading, Cash App provides three order types and two duration choices. The app categorizes stocks by sectors like Energy and Food & Drink, and tapping on one shows a list of potential investments.
Charting on the Cash App platform is very basic with no tools available.
J.P. Morgan Investing wins in this category.
Promotions
J.P. Morgan:
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Cash App:
Use U2Q3HN referral link to get $10 cash bonus.
Now, It’s Website Trading
Cash App's website doesn’t offer any trading or charting tools. It’s mainly used for managing accounts, including cash management features.
On the J.P. Morgan Investing website, you’ll find both trading and account management tools. While charts can’t be displayed full-screen, they do offer:
- 7 plot styles
- Drawing tools
- Indicators
- 30 years of price history
The order ticket on the website is the same as the one on the mobile app. Asset profiles also have these features:
- Watchlist button
- Analyst trade recommendations
- Stock reports
- News articles
- Future earnings estimates
- Dividend history
- List of funds holding a stock
J.P. Morgan Investing has another tool that Cash App lacks: a security screener that can search by various criteria.
J.P. Morgan Investing clearly wins this category.
The Fourth Category Is Margin Accounts
At Cash App, every account is a limited-margin account, which means they technically have margin accounts, but you can’t use margin to buy securities.
At J.P. Morgan Investing, every account is a cash account with no margin service. This limits options trading to just calls and puts, and short selling isn’t possible.
Cash App has a slight edge here because its margin service helps settle funds faster.
The Last Category Is Extra Services
IPO Offerings: Neither firm allows trading in Initial Public Offerings.
Banking Resources: Both companies offer many cash management tools.
Extended-hours Trading: Neither firm offers pre-market or after-hours trading.
Systematic Mutual Fund Purchases: J.P. Morgan Investing lets you set up recurring mutual fund purchases.
Auto Dividend Reinvesting: Available at J.P. Morgan Investing.
Fractional-share Trading: Available at Cash App.
Tax Filing: Cash App has software for filing state and federal taxes, which J.P. Morgan Investing doesn’t offer.
IRA Service: J.P. Morgan Investing offers Individual Retirement Accounts with a $75 termination fee.
J.P. Morgan Investing wins in this category as well.
Finally, Our Recommendations
Beginning Traders: J.P. Morgan Automated Investing is a good place to start.
Retirement Planning & Long-Term Investing: J.P. Morgan Investing offers lifecycle mutual funds and a Portfolio Builder tool for making investment recommendations.
Small Accounts: J.P. Morgan Automated Investing requires $500 to start. Neither company has ongoing fees or minimums for self-directed taxable accounts. We suggest Cash App for self-directed trading due to its $1 minimum investment amount.
Mutual Fund Trading: Only possible with J.P. Morgan Self-Directed Investing.
Stock and ETF Trading: J.P. Morgan Investing has better software and more options.
Chase vs Cash App Summary
While Cash App is the more modern brokerage firm, J.P. Morgan Investing comes out on top.
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Updated on 8/23/2024.
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