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.

 

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<