Compare
Fidelity vs J.P. Morgan Self-Directed
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Fidelity leads
- 7
- J.P. Morgan Self-Directed leads
- 0
- Level
- 2
Of 9 scored facts, Fidelity leads on 7, J.P. Morgan Self-Directed on 0, and 2 are level. Countries and the offer are not scored.
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  Fidelity |  J.P. Morgan Self-Directed |
|---|---|---|
| Fee per contract | $0.65 per contract | $0.65 per contract |
| Fidelity, Buy to close at $0.65 or less costs $0 | J.P. Morgan Self-Directed, Call-in orders add $25 | |
| Exercise and assignment | Free | Free |
| Approval | NakedBest | Covered |
| Fidelity, Up to naked short options | J.P. Morgan Self-Directed, Covered calls and cash-secured puts | |
| 0DTE | YesBest | No |
| Index options (SPX) | YesBest | No |
| Options on futures | No | Not published |
| Spreads in an IRA | YesBest | No |
| Portfolio margin | Not published | Not published |
| Margin rate | 10.63% | Not published |
| Platforms | Web, Desktop, MobileBest | Web, Mobile |
| Paper trading | Not published | Not published |
| 24/7 support | YesBest | No |
| Countries | US residents only | US citizens and qualifying resident aliens only (no OFAC countries) |
| QuantWheel | Sync-onlyBest | Not connected |
| Fidelity, Reads the account; you place the orders | ||
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Fidelity$0.65 per contract · free exercise · naked
Fidelity opens options accounts for residents of the United States only. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment are free. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
J.P. Morgan Self-Directed$0.65 per contract · free exercise · covered
J.P. Morgan Self-Directed opens options accounts for residents of the United States only. It charges $0.65 per contract (Call-in orders add $25). Exercise and assignment are free. It approves up to covered calls and cash-secured puts. It trades on Web, Mobile. It is not connected to QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
- Fidelity$0.72 a trade, 0.6% of your premium
- $66 to $69 a year
- J.P. Morgan Self-Directed$0.91 a trade, 0.8% of your premium, fee not published
- $87 a year
at least $18 a year less at Fidelity
Not counted because J.P. Morgan Self-Directed does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee, live options quote price, platform fee, inactivity fee.
Estimates from published fees. Your broker statement can differ, and brokers change fees. A fee a broker does not publish is never counted as $0.
Questions people ask
Fidelity vs J.P. Morgan Self-Directed