CIBC Investor's Edge: Online Broker Canada Review: 2024

CIBC Investor's Edge: Introduction

It is one of the online brokerage accounts in Canada which is a division of CIBC Investor Services Incorporates which in turn is a subsidiary of CIBC. Canadian Imperial Bank of Commerce is one of the big five banks of Canada. CIBC was formed by merging Canadian Bank of Commerce and Imperial Bank of Canada in the year 1961.

Type of Accounts offered by CIBC Investor's Edge Account

Registered Accounts

1. Tax-Free Savings Account (TFSA)

2. Registered Retirement Savings Plan (RRSP)

3. Registered Education Savings Plan (RESP)

4. Registered Retirement Income Fund (RRIF)

5. Prescribed Retirement Income Fund (PRIF)

6. Locked-in Retirement Account (LIRA)

7. Locked-in Retirement Fund (LIRF)

Non-Registered Accounts

1. Cash account

2. Margin account

The type of accounts offered shown in tabular form:

Who can open an account with CIBC Investor's Edge Account

Residents

• Individual accounts

• Joint accounts

Legal Entities

• Corporate account

• Partnership account

• Formal Trust account

• Investment Club account

• Estate account

Type of investment options offered by CIBC Investor's Edge Account

• Shares

• Exchange Traded Funds (ETFs)

• Options

• Mutual Funds

• Term Deposits

• Structured Notes

• Initial Public Offerings (IPOs)

• Guaranteed Investment Certificates (GICs)

• Precious metals

Features of CIBC Investor's Edge Account

• Research tools

• Insights from CIBC World Markets incorporated

• News

• Social media updates

• Analyst rankings from TipRanks

• Powerful screening tools

• Advanced charting

• Access to do technical analysis with resources from Trading Central

• Newsletters

• Watchlists

• TC Market buzz reports which is the trending stock, which is not

• Educational program from professional economist and tax advisors

• Webinars

• Informative articles

Fees charged by CIBC Investor's Edge Account

Fees for a Regular Investor

Anyone who is not an active trader, young investor or a student investor.

Fees for an Active Investor

Anyone who makes 150 trades per quarter or more

Fees for a Young Investor

Anyone who is 25 years old or younger with a CIBC Smart Start account

Fees for a Student Investor

Anyone who is 25 years old or younger with a student CIBC Smart Start account

Cash and Margin rates offered by CIBC Investor's Edge Account

Pros of CIBC Investor's Edge Account

• Nil fees for TFSA and RESPs, no matter what their balance is.

• Is a part of one of the big five banks of Canada.

• Member of Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

• Separate account for young investor and students that has nil account keeping fees.

• Nil account keeping fees for those who have greater balance.

• Research tools

• No activity fees

• Integrate investment account, bank account and loan account.

Cons of CIBC Investor's Edge Account

• $100 for accounts with small balance

• No commission free trades

• No Forex trading

• No demo trading account

CIBC Investor's Edge Account Review

Based on our analysis of the platform’s features and pricing, we believe that CIBC Investor's Edge Account is best for experts in trading, active traders, youngsters, and students. It is good for those who already have a bank account and loan account with CIBC, as they will have a clear picture of their financial position in one platform.

However, the online brokerage account does not offer robot advisors or default portfolios. There are a number of platforms such as Questrade, Wealthsimple etc, that offer both self-directing platform and robot advisors.