Does Edward Jones Offer Crypto?
You cannot invest in Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), or
any other cryptocurrencies on Edward Jones at this time. As an alternative, you can use
a
SIPC insured and FINRA/SEC regulated $0 commission broker called Robinhood
that does offer cryptocurrencies trading (learn more).
Robinhood Promotion
Visit Robinhood Website
Is Edward Jones FDIC and SIPC Insured Takeaways
• Edward Jones offers both FDIC and SIPC insurance.
• An additional excess SIPC policy is also available.
• Extra FDIC insurance can be accessed through Edward Jones’ sweep program.
Overview of Protections for Edward Jones Customers
Edward Jones provides multiple layers of protection for its investors. These include FDIC, SIPC, and coverage from Underwriters at Lloyd's. For more details, keep reading.
Edward Jones FDIC Insurance
While Edward Jones is not a bank and doesn’t directly offer FDIC insurance, it has an FDIC-sweep program. This program moves uninvested cash from customer accounts into partner banks, where the funds are FDIC-insured. While the cash is in these banks, it’s protected by the FDIC up to $250,000 for individual accounts and $500,000 for joint accounts, per bank. Existing deposits at these banks can reduce these limits. Since Edward Jones spreads cash across multiple banks, customers can receive up to $5 million in FDIC protection ($10 million for joint accounts).
Edward Jones works with many program banks for its FDIC sweep, so it’s important to track your other bank deposits and where your sweep funds are going. You can request to exclude specific banks from the sweep program by contacting your financial advisor. Here are some of the program banks (there are many more):
Citibank
Discover Bank
Wells Fargo Bank
PNC Bank
Chase Bank
Edward Jones plans to offer checking and savings accounts in partnership with Citibank. These accounts will be FDIC-insured exclusively through Citi.
Find a Financial Advisor
If you are looking for a professional money management service in your area, you can
find a Financial Advisor on the Wiser Advisor
(or read
Wiser Advisor review).
Visit Wiser Advisor
Edward Jones SIPC Insurance
Securities in Edward Jones accounts are not moved to program banks. Instead, they are protected by SIPC insurance at Edward Jones. SIPC covers up to $500,000 per account type (such as individual, joint, or IRA). This means you can increase your SIPC coverage by opening multiple account types.
Cash in Edward Jones accounts that isn’t swept into program banks is also protected by SIPC, up to $250,000 per account type.
Edward Jones is listed in SIPC’s membership registry as “Edward D. Jones & Co., L.P.”
Edward Jones Review
Read detailed review of Edward Jones »
Underwriters at Lloyd's
For clients with significant wealth, standard SIPC insurance may not be enough. Edward Jones offers an excess SIPC policy through Underwriters at Lloyd's, a London-based insurer. This policy covers losses from theft, misplacement, destruction, embezzlement, and more. The maximum payout across all client accounts under this policy is $900 million. However, with over $1.7 trillion in assets under management, some customers’ securities may still be uninsured.
Updated on 10/11/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
|