For some, the majority of their investing begins online. Here, we’re taking a closer look at what you can expect from Charles Schwab and J.P. Morgan Self-Directed Investing’s mobile app and trading platforms.
Charles Schwab
Platform highlights
Charles Schwab’s platform is another area in which the company shines. Its platform is designed to address the needs of investors, whether they’re novice or experienced traders.
- StreetSmart Edge: Desktop-based platform featuring a customizable layout so you can show only what’s important to you and how you invest.
- thinkorswim: Geared toward advanced investors, thinkorswim is especially good at helping investors take on options trades.
- Schwab Stock Slices: These are laid out to allow anyone (from novice to advanced traders) to buy and sell fractional shares of stock.
- Extensive research library: Easy-to-find research on just about any question a new investor may have.
Mobile app
Opinions regarding Schwab’s mobile apps are both hot and cold. iOS users give it 4.8 out of 5 stars, but Android users rate the app 2.3.
J.P. Morgan Self-Directed Investing
Platform highlights
The most impressive feature of J.P. Morgan’s platform is its portfolio builder. The broker refers to these tools as “portfolio construction tools.” Regardless of what they’re called, these tools could provide a real leg-up for investors.
The tools include a portfolio analysis, which gives you a fresh perspective on how well your portfolio is balanced. There’s also an investment comparison tool that allows you to analyze investments instantly. Finally, there’s a tool that builds hypothetical bond ladders, letting you see in advance what it would be like to build one of your own.
The fly in the ointment is that access to the portfolio builders requires a minimum investment of $2,500, leaving many young investors out in the cold.
Mobile app
Access to the account is available through the Chase Mobile® Bank & Invest app. iOS users give the app an excellent score of 4.8 out of 5 stars, and Android users offer a score of 4.4.
