Questrade vs CIBC Investor's Edge Comparison: 2024
About Questrade
Founded in 1999, Questrade is a fastest growing Canada based broker. The leading canadian broker always remained an early adopter whether it was offering $4.95 commissions, the free North American ETFs, dual-currency registered accounts, or trailer free rebates.
Every year, over 100,000 Canadians open their accounts with Questrade and Questrade currently has an AUM of $15 billion.
Regulated by the Investment Industry Regulatory Organisation of Canada (IIROC) and Canadian Investor Protection Fund (CIPF), Questrade went beyond with an additional $10 million in private insurance (for self-directed as well as managed accounts) and 100% reimbursement for unauthorized transactions.
Questrade always had an edge in terms of fees and commissions. One of the reasons is that they have low overhead costs as they have no branches.
Questrade Features
• Questrade provides trading in stocks, bonds, ETFs, options, Mutual Funds, CFDs and forex. • It also offers international equities, guaranteed investment certificates (GICs), precious metal purchases, and initial public offerings
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
Questrade vs CIBC Investor's Edge Account Opening Charges: 2024
| Charge | Questrade | 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 |
Questrade vs CIBC Investor's Edge Brokerage Charges and Plans : 2024
| Charge | Questrade | CIBC Investor's Edge |
|---|---|---|
| Plan Name | Self Directed Investing Pricing | N/A |
| Equity Delivery | $4.95 | N/A |
| Equity Intraday | $4.95 | N/A |
| Equity Futures | N/A | N/A |
| Equity Options | $9.95 Base Fee and $1 per contract | N/A |
| Currency Futures | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | $9.95 | N/A |
Questrade vs CIBC Investor's Edge Margin / Exposure: 2024
| Segment | Questrade | CIBC Investor's Edge |
|---|---|---|
| Equity Delivery | 20 | 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 |