ETF purchases are not free at CIBC
[CIBC] $6.95 per trade, no minimum balance or trades
- Last Updated:
- Nov 10th, 2014 8:32 pm
Tags:
- SCORE
- webber22
- Newbie
- Nov 12, 2013
- 43 posts
- 10 upvotes
- Ontario
- kendorama [OP]
- Deal Addict
- Mar 17, 2006
- 1084 posts
- 239 upvotes
- 4seasonscentre
- Deal Addict
- Feb 11, 2009
- 1026 posts
- 294 upvotes
I"m so gald
I was considering switching to get a lower commission but it is a real pain to have to switch brokerages.
I was considering switching to get a lower commission but it is a real pain to have to switch brokerages.
- Sauerkraut
- Deal Addict
- Jan 4, 2009
- 4191 posts
- 5288 upvotes
- on the links!
Just received this e-mail, so it's official:
Message from Marybeth Jordan
Managing Director & Head of CIBC Investor Services
President
Welcome to the Fall 2014 edition of Exchange.
I have always been proud of our competitive commission rates at CIBC Investor’s Edge, which is why today I am thrilled to announce our most affordable pricing structure yet. Effective immediately, all CIBC Investor’s Edge clients will pay the flat-rate commission of just $6.95 for Canadian and U.S. electronic equity trades, regardless of the size of your account or how often you trade. This change reflects our commitment to making online investing accessible and affordable for all.
I am also excited to tell you about our latest technical analysis tool. Using the new tool you can scan more than 13,000 North American stocks and ETFs to identify promising technical events and set up automated alerts to stay on top of price movements. Each trading day, the Featured Ideas tool showcases up to 10 bullish and bearish stocks with interesting developments based on technical and fundamental analysis, with meaningful explanations and interpretations of the events. You can access it by signing on to your account and selecting any stock, or by selecting the Technical Analysis tab in our Market Centre in Quotes and Research.
The technical analysis tool is the result of collaboration between our team, the experts at Recognia®, and the feedback you provided to our new Daily Market Report newsletter. We were encouraged by the clients who signed up for the newsletter, and inspired by their suggestions on what types of technical analysis they would like to see. Thank you! Adding new tools to our site is just one example of how we’re working with you to develop a better online trading experience. Over the next few months, we’re conducting a number of polls to learn more about what Canadian investors really want, and I’m looking forward to sharing the results with you. We’ll also use the data we collect to continue to enhance your client experience.
The relationship we have with each of our clients is very important to us, and your satisfaction remains a top priority. Please continue to share your ideas and feedback.
Thank you for your continued support.
Marybeth Jordan
Marybeth Jordan
Managing Director & Head
CIBC Investor Services Inc.
and an account transfer offer:
Limited Time Offer
Up to $300 Cash and 100 Free Trades
Open an account with CIBC Investor’s Edge before February 28, 2015 to get cash back and free trades!
Transfer In Cash Back Free Trades
$25,000 $100 25
$50,000 $200 50
$100,000+ $300 100
Message from Marybeth Jordan
Managing Director & Head of CIBC Investor Services
President
Welcome to the Fall 2014 edition of Exchange.
I have always been proud of our competitive commission rates at CIBC Investor’s Edge, which is why today I am thrilled to announce our most affordable pricing structure yet. Effective immediately, all CIBC Investor’s Edge clients will pay the flat-rate commission of just $6.95 for Canadian and U.S. electronic equity trades, regardless of the size of your account or how often you trade. This change reflects our commitment to making online investing accessible and affordable for all.
I am also excited to tell you about our latest technical analysis tool. Using the new tool you can scan more than 13,000 North American stocks and ETFs to identify promising technical events and set up automated alerts to stay on top of price movements. Each trading day, the Featured Ideas tool showcases up to 10 bullish and bearish stocks with interesting developments based on technical and fundamental analysis, with meaningful explanations and interpretations of the events. You can access it by signing on to your account and selecting any stock, or by selecting the Technical Analysis tab in our Market Centre in Quotes and Research.
The technical analysis tool is the result of collaboration between our team, the experts at Recognia®, and the feedback you provided to our new Daily Market Report newsletter. We were encouraged by the clients who signed up for the newsletter, and inspired by their suggestions on what types of technical analysis they would like to see. Thank you! Adding new tools to our site is just one example of how we’re working with you to develop a better online trading experience. Over the next few months, we’re conducting a number of polls to learn more about what Canadian investors really want, and I’m looking forward to sharing the results with you. We’ll also use the data we collect to continue to enhance your client experience.
The relationship we have with each of our clients is very important to us, and your satisfaction remains a top priority. Please continue to share your ideas and feedback.
Thank you for your continued support.
Marybeth Jordan
Marybeth Jordan
Managing Director & Head
CIBC Investor Services Inc.
and an account transfer offer:
Limited Time Offer
Up to $300 Cash and 100 Free Trades
Open an account with CIBC Investor’s Edge before February 28, 2015 to get cash back and free trades!
Transfer In Cash Back Free Trades
$25,000 $100 25
$50,000 $200 50
$100,000+ $300 100
- Wpegger
- Deal Fanatic
- Apr 11, 2012
- 5865 posts
- 3138 upvotes
- Winnipeg
^^ can you transfer in kind? ie stocks?
- Sauerkraut
- Deal Addict
- Jan 4, 2009
- 4191 posts
- 5288 upvotes
- on the links!
Yes, I believe so. You can see the details here https://www.investorsedge.cibc.com/ie/index.html
If I'm reading the T&Cs correctly, they won't cover the transfer out fee from other FIs.
- Wpegger
- Deal Fanatic
- Apr 11, 2012
- 5865 posts
- 3138 upvotes
- Winnipeg
Looks like you are right.Sauerkraut wrote: ↑Yes, I believe so. You can see the details here https://www.investorsedge.cibc.com/ie/index.html
If I'm reading the T&Cs correctly, they won't cover the transfer out fee from other FIs.
Does anyone know if TDWH charges fee for transferring out TFSA and cash accounts?
- 513263337
- Deal Addict
- Apr 10, 2010
- 1398 posts
- 208 upvotes
I just confirmed with a BMO rep, the Young Investor Promotion requires 2 trades EVERY 6 months for the admin fee to be waived, not 2 trades in the FIRST 6 months.ELiTE KiLLaH wrote: ↑Have you gone past the initial 6 months yet?
I read it as having to do 2 trades every 6 months and I think sparx trading confirms that as well for the procrastinate or prosper promo that you're referring to...
- zod
- Deal Guru
- Mar 12, 2005
- 11677 posts
- 3487 upvotes
- Victoria
- 4seasonscentre
- Deal Addict
- Feb 11, 2009
- 1026 posts
- 294 upvotes
Hurray!
- ELiTE KiLLaH
- Deal Addict
- Feb 28, 2003
- 1322 posts
- 90 upvotes
Yeah that's how I understood it to be also. Looks like Messerschmitt is a little confused. He needs to do 4 trades a year until 36 not just the initial 2
Rogers
$35 Unlimited Local Calling
$30 6GB Data
$10 Retention VP (2500sms/CID/VM)
$75 + GRRF 2.13 + 5% GST = $80.99
$35 Unlimited Local Calling
$30 6GB Data
$10 Retention VP (2500sms/CID/VM)
$75 + GRRF 2.13 + 5% GST = $80.99
- superping
- Sr. Member
- Nov 13, 2007
- 881 posts
- 135 upvotes
- Toronto
Bringing this thread back to life.
Limited Time Offer.
Up to $300 Cash and 100 Free Trades
Open an account with CIBC Investor’s Edge before February 28, 2015 to get cash back and free trades!
Transfer in $25K (But less than $50K), get $100 cash back + 25 free trades.
Transfer in $50K (But less than $100K), get $200 cash back + 50 free trades.
Transfer $100K, get $300 cash back + 100 free trades.
Note: free trade expire after 60 days.
More info => https://www.investorsedge.cibc.com/ie/f ... rades.html
---
I'm having issue with Questrade. So I'm really considering this offer seriously. Did anybody get the cash back yet?
Limited Time Offer.
Up to $300 Cash and 100 Free Trades
Open an account with CIBC Investor’s Edge before February 28, 2015 to get cash back and free trades!
Transfer in $25K (But less than $50K), get $100 cash back + 25 free trades.
Transfer in $50K (But less than $100K), get $200 cash back + 50 free trades.
Transfer $100K, get $300 cash back + 100 free trades.
Note: free trade expire after 60 days.
More info => https://www.investorsedge.cibc.com/ie/f ... rades.html
---
I'm having issue with Questrade. So I'm really considering this offer seriously. Did anybody get the cash back yet?
- endokuken
- Deal Addict
- Nov 28, 2010
- 1374 posts
- 345 upvotes
- Brampton
I tried asking RBC DI if they could offer something similar to this but they declined as their reason being that they make up for it by excellent service and resources . They only offer $6.95 if making 150 trades or more per quarter. I'm likely never to even reach that many in my lifetime
- Messerschmitt
- Banned
- Jul 17, 2008
- 11042 posts
- 3878 upvotes
I've been told by 2 reps that it's 2 trades for 6 months (one time only).
Sent them a message to have it in writing, but they never replied to my ticket.
I'm thinking of switching out anyway. For some reason they don't have stop loss @market price. You need to set a limit price, which if it's too close to the stop price, it can be skipped (market dropped to sudden) and if its too far from stop price, you are losing a lot more from the difference, rather than having @market to get the best price.
Might look into CIBC if the 6.95 is for all trades with no minimum # of trades, if they have the stop loss @market (like TD and TBC do) and if they interface is at least decent.
- ELiTE KiLLaH
- Deal Addict
- Feb 28, 2003
- 1322 posts
- 90 upvotes
U might want to look at questrade too?
I think I remember reading that their stock trades cost 4.95 minimum or something
I think I remember reading that their stock trades cost 4.95 minimum or something
Rogers
$35 Unlimited Local Calling
$30 6GB Data
$10 Retention VP (2500sms/CID/VM)
$75 + GRRF 2.13 + 5% GST = $80.99
$35 Unlimited Local Calling
$30 6GB Data
$10 Retention VP (2500sms/CID/VM)
$75 + GRRF 2.13 + 5% GST = $80.99
- Messerschmitt
- Banned
- Jul 17, 2008
- 11042 posts
- 3878 upvotes
I haven't really seen an upfront list of fees. What is 4.95 minimum and what is 9.95 maximum? When is which? And I've heard people reporting paying more than 10$ per trade in certain circumstances...
- ELiTE KiLLaH
- Deal Addict
- Feb 28, 2003
- 1322 posts
- 90 upvotes
http://www.questrade.com/pricing/overviewMesserschmitt wrote: ↑I haven't really seen an upfront list of fees. What is 4.95 minimum and what is 9.95 maximum? When is which? And I've heard people reporting paying more than 10$ per trade in certain circumstances...
Rogers
$35 Unlimited Local Calling
$30 6GB Data
$10 Retention VP (2500sms/CID/VM)
$75 + GRRF 2.13 + 5% GST = $80.99
$35 Unlimited Local Calling
$30 6GB Data
$10 Retention VP (2500sms/CID/VM)
$75 + GRRF 2.13 + 5% GST = $80.99
- sam_b_d
- Member
- Aug 29, 2007
- 489 posts
- 102 upvotes
- Toronto
You right,questrade charege Ecn fee and you end up much more than advertised price,I don't know is Ecn fee in cibc included like td or not?if it is in that case cibc will be cheaper than questrade.
- 513263337
- Deal Addict
- Apr 10, 2010
- 1398 posts
- 208 upvotes
Does anyone know if CIBC Investor's Edge will do a hard credit check on you if you open a TFSA account?
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