JP Morgan "You Invest"

Discussion in 'Online Brokers' started by status1, Aug 21, 2018.

  1. status1

    status1 Well-Known Member

    I heard on CNBC this morning that JP Morgan is launching a new app "you invest" with 100 free trades for the first year
    Looks like the the big banks want to get in on the commission disruption war
    I guess they are trying to compete with Robinhood or at least keep their own customers from going to a competitor to place trades

    Just last year they had $24.95 commissions no wonder a lot of their customers are using other brokerages for trading
    I haven't heard anything about options so I assume this is for stocks and etf's but who know they may start to add options to it in the future

    There is another uk brokerage AJ Bell that has a very similar app that is called youinvest one word so I am not sure if there will be any fight over the name of the app
    Mark17 likes this.

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