National Bank Direct Brokerage vs CIBC Investor's Edge Comparison: 2024
About National Bank Direct Brokerage
National Bank Direct Brokerage Account: An Overview
National Bank Direct Brokerage (NBDB) Account is an online brokerage account that has been in the Canadian financial markets for the past 35 years from 1987. It is a part of National Bank of Canada that has been on the Canadian banking industry from the year 1859. Having said that, you are not required to be a bank account holder to open a brokerage account.
In 2021, NBDB took a giant leap by becoming the 1st broker account to offer transactions at $0 commissions and mandates no minimum balance. The account offers both US and Canadian financial instruments and it allows for you to open both US dollar account and Canadian dollar account.
Type of Accounts offered by National Bank Direct Brokerage
Here are different types of accounts being offered:
Registered Accounts
1.Tax-Free Savings Account (TFSA) 2. Registered Retirement Savings Plan (RRSP) 3. Registered Education Savings
About CIBC Investor's Edge
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
- Tax-Free Savings Account (TFSA)
- Registered Retirement Savings Plan (RRSP)
- Registered Education Savings Plan (RESP)
- Registered Retirement Income Fund (RRIF)
- Prescribed Retirement Income Fund (PRIF)
- Locked-in Retirement Account (LIRA)
- Locked-in Retirement Fund (LIRF)
Non-Registered Accounts
- Cash account
- 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
National Bank Direct Brokerage vs CIBC Investor's Edge Account Opening Charges: 2024
| Charge | National Bank Direct Brokerage | CIBC Investor's Edge |
|---|---|---|
| Demat Account Opening Charges | N/A | N/A |
| Trading Acc Opening Charges | N/A | N/A |
| Trading Account AMC | N/A | N/A |
| Demat Account AMC | N/A | N/A |
National Bank Direct Brokerage vs CIBC Investor's Edge Brokerage Charges and Plans : 2024
| Charge | National Bank Direct Brokerage | CIBC Investor's Edge |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | N/A | N/A |
| Equity Intraday | N/A | N/A |
| Equity Futures | N/A | N/A |
| Equity Options | N/A | N/A |
| Currency Futures | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
National Bank Direct Brokerage vs CIBC Investor's Edge Margin / Exposure: 2024
| Segment | National Bank Direct Brokerage | CIBC Investor's Edge |
|---|---|---|
| Equity Delivery | N/A | N/A |
| Equity Intraday | N/A | N/A |
| Equity Future | N/A | N/A |
| Equity Options | N/A | N/A |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |