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Fees at CIBC Investor's Edge?

6258 Views 5 Replies 5 Participants Last post by  mario 1, 
T
Hello,

I am considering switching from Scotia iTrade to CIBC Investor's Edge (not because CIBC is a great discount broker, but because I do all my banking at CIBC and I would like to centralize everything).

I don't like their weird trading package (I only trade about 10-15 times per year) but don't want to opt out of the package and pay $30/trade. Does anyone know if CIBC Investor's Edge will negotiate with new customers to offer trades in the $10 range (no package) which is what I pay now at Scotia iTrade?

Thank you in advance.
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M
No, CIBC won't offer you any incentive to join.
Unless you make at least 50 trades per year CIBC is not a good choice.
I-trade is a better option, if you already pay $10 at I-trade why would you want to switch?
I'm with both, Itrade has a much better trading platform.
The only reason I'm with CIBC is because I make a lot of trades.
You can link you're I-trade account with your CIBC bank account for easy transfers,
something CIBC doesn't do, unless you bank with them.
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M
If you trade less than 500 shares, Questrade is probably for you.
In most cases you'll pay $5 per trade.
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