JP Morgan offers bonuses for new accounts of zero commission trading

Rick Steves

Clients have access to top-ranked J.P. Morgan research to make informed investment decisions on their terms, as well as access to personalized market news, portfolio builders, and watchlists. 

JPMorgan Chase

J.P. Morgan Wealth Management has announced it has revamped its rewards for new and existing J.P. Morgan self-directed investing clients in order to promote the company’s zero commission online trading offering.

Rewards for new customer accounts are getting back on track as the new year unfolds and online trading companies compete for retail traders looking to enter the markets.

In early January, TradeStation announced a $10 reward for new accounts on TradeStation Crypto and a prize of up to $2,500 depending on the amount deposited.

Stocks, mutual funds, and options

JP Morgan is offering existing customers a $50 bonus deposited to their account for each person they recommend who opens a Self-Directed Investing account through the refer-a-friend link, with a potential total of a $500 credit in their account a year for the referrals.

As to new clients, they will have the opportunity to earn up to $625 credited to their account when they open a J.P. Morgan Self-Directed Investing account.

The goal is to promote JP Morgan’s zero commission trading platform through the Self-Directed Investing account, where clients can choose from thousands of stocks, mutual funds, and options, to make unlimited commission-free trades online or through the Chase app.

Paul Vienick, Head of Online Investing at J.P. Morgan Wealth Management, said: “Growing your wealth on your own is such an empowering experience. When you reach that personal milestone, you want to share your story with your friends and network. Investors who use the award-winning Chase app to trade are increasingly happier with their experience as we expand the tools we offer, and we want our clients to share that. There’s no better endorsement than one from someone you know and trust.”

Clients have access to top-ranked J.P. Morgan research to make informed investment decisions on their terms, as well as access to personalized market news, portfolio builders, and watchlists.

New customers rewarded per deposit

On top of the $50 bonus for each person recommended offered to existing customers, JP Morgan offers new account holders a bonus depending on the deposit.

New customers can receive $125 for Self-Directed Investing accounts funded with $25,000, $300 for accounts with at least $100,000, and a $625 reward for accounts funded with $250,000 or more. Funds must come from a non-Chase or non-J.P. Morgan account.

Launched in 2018, J.P. Morgan Online Investing provides investors an easy-to-use trading experience with security and reliability so that self-directed investors can engage with via mobile app or web and make the most out of it.

 

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