Compare

Edward Jones vs J.P. Morgan

Prices, payments, fees and registration, side by side.

Market orders fill at once; marketable limit orders add a price cap.

The short answer

S&P 500 · Market orders · all sizes under $200,000

Per $10,000 of market orders in S&P 500 stocks, J.P. Morgan customers pay about $0.42 less than Edward Jones customers: a price $0.08 better than the fair price against $0.34 above the fair price. That holds on identical trades too.

Edward Jones isn't paid for orders; J.P. Morgan isn't paid for orders. Edward Jones's stock commission is not confirmed yet.

Not a verdict on which broker is better overall; for your own habits, use the yearly cost calculator.

Side by side

Tap a name for its report

Edward Jones and J.P. Morgan side by side
MeasureEdward JonesJ.P. Morgan
Prices you getSeptember 2026 · S&P 500 · Market orders
Extra cost per $10,000 traded Dollars paid above the fair price (midpoint of the best buy and sell quotes) per $10,000 of market orders, all sizes under $200,000 averaged (largest orders weigh most); lower is better.$0.34better: −$0.08
Customer pays, as a share of the spread 0% = you got the fair price, 100% = you paid the full gap between buy and sell quotes; lower is better.12.0%better: -2.8%
Same-trade gap vs other brokers Points of the spread on identical stocks and order sizes; below zero = better than other brokers.+3.4 ptbetter: −12.4 pt
Average execution speed Average time from receiving a market order to completing it; faster is not better here, as brokers whose orders took longer got better prices.202 ms1.1 s
Broker is paid, per $10,000 order What trading firms pay the broker for a $10,000 order (payment for order flow).$0.00−$0.00
Orders that beat the quoted price Share of orders filled at least slightly better than quoted; it says little about how much you save, so it is context, not a score.98%92%
Typical order size Average dollars per order; brokers whose customers place bigger orders tend to get better prices.$4,800$9,239
Feeschecked Nov 1, 2026 and Nov 2, 2026
Commission per stock trade Dollars per online stock or ETF trade; nearly every broker charges $0, so the real cost is in the price you get.not confirmed$0.00
Options fee per contract Dollars per options contract to open a trade, on top of any per-trade commission.not confirmed$0.65
Margin interest rate Yearly interest on a $25,000 margin loan.not confirmed11.75%
Interest on idle cash Yearly interest (APY) on uninvested cash in a standard account.not confirmedvaries
Transfer-out fee For moving your whole account to another broker. Lower is better.not confirmed$75.00
Is it registered?regulator records, not an endorsement
FINRA record BrokerCheck: the broker's licences, history and any disciplinary actions.BrokerCheckBrokerCheck
SIPC member Returns your securities and cash (up to $500,000) if the broker fails; not investment losses.not checkedYes
Reports what it is paid for orders Rule 606: where a broker sends orders and what it is paid. A broker whose orders go through another firm files none.YesYes
Tick = the better value; unticked rows are context, not a score. Prices: September 2026 (SEC Rule 605), orders under $200,000. Payment: Apr–Jun 2026 (SEC Rule 606). How we measure

Cost by order size

S&P 500 · Market orders

Show as a table
Order sizeEdward JonesJ.P. Morgan
<$250$0.35−$0.17
$250$0.41−$0.20
$1k$0.38−$0.31
$5k$0.35−$0.31
$10k$0.32−$0.25
$20k$0.32−$0.12
$50k$0.32$0.06
$200k+$2.11$0.77
Every broker gets far worse prices on orders of $200,000 and over.

What does this add up to in a year?

See your yearly cost

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