Virtual Brokers vs CIBC Investor's Edge Comparison: 2024
About Virtual Brokers
About Virtual Brokers
Virtual Brokers is a Canadian Self-Directing Trading platform that offers many features to Canadian as well as Non-Canadian users. It was formed in 2009 and is a subsidiary of CI Investment Services, which is owned by CI Financial.
The platform caters to traders who prefer to perform high-frequency trades, at the same time allowing investors to invest in Stocks, Mutual Funds, Exchange Traded Funds, Bonds, etc at a low cost.
Virtual Brokers is the favorite solution for professional traders because of the wide range of trading products that it provides. Some of the most commonly used Desktop platforms are TraderLite, RealTick EMS, PowerTrader Pro, etc. We will look into them in a moment. Virtual brokers do not require any minimum balance, whereas brokers outside Canada have a minimum account Maintenance of $25,000 CAD. Being an international broker, you can trade in all the major North American markets. The platform is
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
Virtual Brokers vs CIBC Investor's Edge Account Opening Charges: 2024
| Charge | Virtual Brokers | CIBC Investor's Edge |
|---|---|---|
| Demat Account Opening Charges | 0 | N/A |
| Trading Acc Opening Charges | 0 | N/A |
| Trading Account AMC | 0 | N/A |
| Demat Account AMC | 0 | N/A |
Virtual Brokers vs CIBC Investor's Edge Brokerage Charges and Plans : 2024
| Charge | Virtual Brokers | CIBC Investor's Edge |
|---|---|---|
| Plan Name | Normal Commission Structure | N/A |
| Equity Delivery | $1.99 | N/A |
| Equity Intraday | $1.99 | N/A |
| Equity Futures | N/A | N/A |
| Equity Options | $7.99 + $1.25/per contract | N/A |
| Currency Futures | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | 0 | N/A |
Virtual Brokers vs CIBC Investor's Edge Margin / Exposure: 2024
| Segment | Virtual Brokers | 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 |