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JonesTrading Review
JonesTrading is an agency only institutional equity broker dealer founded in 1975. It handles block and program trading for funds, not everyday retail forex.
Min Deposit
N/A
Spreads From
Not applicable, this is an agency execution broker, not a spread based broker
Max Leverage
Not applicable, no retail margin accounts are offered
Platforms
Institutional block and program trading desks
Pros
- FINRA member and SEC registered broker dealer with decades of history
- Agency only model means it does not trade against its own clients
- Covers block trading, program trading, and global equity execution
- Founded in 1975, giving it a long track record in institutional trading
Cons
- SEC fined JonesTrading 100,000 dollars in 2020 for lost business texts
- NYSE Arca separately fined the firm 40,000 dollars over credit limit rules
- Built for institutions, not a place for individual retail traders to sign up
JonesTrading started in 1975 and grew into an agency only broker dealer for institutional equity trading. It does not take the other side of client trades, focusing instead on block trading, program trading, and execution services for hedge funds, asset managers, and other institutions.
The firm is a FINRA member and SEC registered broker dealer, and a member of SIPC. It trades US and global equities and ETFs, working from offices including Thousand Oaks, California, and New York City.
JonesTrading has faced real regulator action. In 2020, the SEC fined the firm 100,000 dollars for failing to preserve business text messages sent on staff personal phones, some of which covered order size, trade timing, and pricing. NYSE Arca separately fined JonesTrading 40,000 dollars over credit limit documentation procedures.
Max Leverage
Not applicable, no retail margin accounts are offered
Spreads From
Not applicable, this is an agency execution broker, not a spread based broker
Platforms
Regulators
- SEC (USA)
- FINRA
