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JPMorgan offers 100 free trades

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New York: JPMorgan Chase plans a big push into online investing offering 100 free trades and low fees in a bid to attract a new generation of investors, a spokesman said. JPMorgan will launch the “You Invest” programme next week linking it to the mobile phone app of Chase Bank, JPMorgan’s retail bank, spokesman Darin Oduyoye said.


Oduyoye said the bank hopes to spark more investing among existing customers, including millennials who may have shied from the stock market. The first 100 trades will be commission-free, and after that customers will be charged $2.95 a trade, which is 60 per cent below the fee of most online brokerage firms, Oduyoye said. — AFP


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