Scotia iTrade vs CIBC Investor's Edge Comparison: 2024
About Scotia iTrade
Scotia iTrade is one of the leading Canadian discount brokers which now comes under the umbrella of Scotiabank, which is among the top 5 banks in Canada. It emerged after Scotiabank purchased E*TRADE Canada in the year 2008.
Focusing on active traders, they invest in cutting-edge technology to build powerful platforms. On the other hand, iTrade also offers great educational tools for novice traders.
Scotia iTrade
If you plan to open a registered account with Scotia iTRADE, you have the following options: • Tax-free savings accounts (TFSAs) • Registered education savings plans (RESPs) • Registered retirement savings plans (RRSPs) • Locked-in retirement accounts (LIRAs) • Registered retirement income funds (RRIFs) • Locked-in retirement savings plans (LRSPs)
Features of Scotia iTrade
• Low commissions: You can trade for as low as $4.99 • In-depth research by Scotiabank. • Powerful Trading Platforms: iTRADE offers 3 trading platforms: OnLine, TradingDesk, and FlightDesk. All the three are intuitive, customizable, and loaded with great tools. •
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
Scotia iTrade vs CIBC Investor's Edge Account Opening Charges: 2024
| Charge | Scotia iTrade | 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 |
Scotia iTrade vs CIBC Investor's Edge Brokerage Charges and Plans : 2024
| Charge | Scotia iTrade | 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 |
Scotia iTrade vs CIBC Investor's Edge Margin / Exposure: 2024
| Segment | Scotia iTrade | 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 |