Qtrade vs CIBC Investor's Edge Comparison: 2024
About Qtrade
About Qtrade
Founded in 2000, Qtrade is a Canada based broker offering you stocks, Mutual Funds, IPOs, ETFs, Bonds, GICs, and Options.
The online stock broker mainly focuses on beginners and thus offers a basic, simple platform with quick signups and user-friendly interface. Its low commissions and great customer service is commendable.
Qtrade is regulated by top tier regulatory bodies like IIROC (Industry Regulatory Organization of Canada) which builds trust among the users.
Qtrade Features
• Qtrade offers a wide selection of investment options from stocks, Mutual Funds, IPOs, ETFs, Bonds, and Options to GICs. • It offers 100 free ETFs. • Qtrade offers low and competitive trading commissions. It charges $8.75 per trade, regardless of traded value or your account value. • For active traders, it reduces the commission to just $6.95 per trade. • To fulfil your research requirements, it provides you real-time quotes, customized reports, watchlists, stock-screening tools, market news, and portfolio analysis. •
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
Qtrade vs CIBC Investor's Edge Account Opening Charges: 2024
| Charge | Qtrade | 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 |
Qtrade vs CIBC Investor's Edge Brokerage Charges and Plans : 2024
| Charge | Qtrade | 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 |
Qtrade vs CIBC Investor's Edge Margin / Exposure: 2024
| Segment | Qtrade | 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 |