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Old Jan 30, 2021 | 7:52 am
  #145  
RedSun
50 Countries Visited
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Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,627
JPM YouInvest has more limitations:

YouInvest does not offer the ability to trade during pre- and post-hours
No penny stocks
limited account types
only basic (single leg) options trades are offered
order types are limited (order types such as trailing stop orders and conditional orders are not available)

Some also say margin account is allowed. My regular account has no margin ability. This is another huge killer of this account offering. All trades take two business days to settle. Depending on you trade, you could be held hostage by this settlement rules for two days and you can't sell. Or you receive either "Good Faith" violation or "Free Ride" violation with your accounts. In this kind of market, this is a no-no.

Some other brokers even offer limited margin with IRA accounts. So you do not have to wait for the two days..... Chase is not even close to that.
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