About CIBC
CIBC Investor’s Edge acts as the undisputed price leader among Canada’s 'Big Five' banks, offering standard equity trades at $6.95—markedly lower than the standard industry premium. The platform is highly aggressive in capturing the next generation of wealth, offering completely free stock and ETF trading for young investors and students under 25. While its user interface leans toward functional utility rather than flashy design, it is the smartest, most economical choice for investors who prioritize low transaction costs without leaving the security of a major bank.
The Good
- CIRO & CIPF Regulated Dealer
- Lowest standard commission ($6.95) among Big 5 banks
- $0 trades for students and young investors
- Fee waived for balances as low as $10,000
The Bad
- $100 annual fee if balance falls below $10,000
- Research tools are basic compared to TD or RBC
- Limited "Active Trader" specific software
Fee Structure
Updated 2026| Fee Type | Details | Cost |
|---|---|---|
|
Stock Trade Commission
|
Standard stock trades are $6.95. Drops to $4.95 for Active Traders (150+ trades/qtr).
|
$6.95 |
|
ETF Buy Commission
|
Standard ETF purchases are $6.95.
|
$6.95 |
|
ETF Sell Commission
|
Standard ETF sales are $6.95.
|
$6.95 |
|
Options Commission
|
Options are $6.95 base + $1.25/contract (Active Traders: $4.95 base + $1.25/contract).
|
$1.25 |
|
Mutual Fund Commission
|
$6.95 commission for mutual funds (Money market funds are $0). Up to 2% short-term redemption fee if held under 90 days.
|
$6.95 |
|
Registered Account Fee (Annual)
|
$100 annual fee if combined balance is under $10,000. Waived for clients under 25 or CIBC students.
|
$100.00 |
|
Transfer Out Fee
|
$150 fee for full or partial account transfers out.
|
$150.00 |
|
Withdrawal Fee
|
$100 for full RRSP deregistration ($50 for partial). FHSA, HBP, and LLP withdrawals are $0.
|
$100.00 |
|
Broker-Assisted Trade Commission
|
$50 minimum commission for rep-assisted phone trades.
|
$50.00 |
Key Features
U.S. Dollar (USD) Accounts
Hold US dollars natively in your account to avoid paying punishing currency conversion fees every time you trade US stocks.
Options Trading
Trade options contracts to hedge your portfolio, generate income, or speculate on future price movements.
Mutual Fund Trading
Access thousands of professionally managed mutual funds from leading financial institutions.
Mobile App (iOS & Android)
Manage your portfolio, execute trades, and monitor the markets on the go with a fully-featured mobile application.
CIPF Protected
Your account is safeguarded by the Canadian Investor Protection Fund (CIPF) against the insolvency of the brokerage.
No Minimum Balance
Start investing immediately with $0. There are no mandatory minimum deposits required to open or maintain your account.
Bank-Owned / Big 6
Backed by the financial stability, security, and integrated banking convenience of one of Canada's major banks.
Discount Broker
A highly cost-effective platform that significantly undercuts traditional bank fees, keeping your trading expenses to a minimum.
Extended Hours Trading
Trade before the market opens and after it closes, allowing you to react instantly to breaking news and earnings reports.
Margin Trading
Borrow money against your existing portfolio to increase your buying power and potentially amplify your returns.
CIRO Member
RateBuddy Verdict
undefined stands out for its accessibility to new investors. With competitive pricing and a solid reputation backed by CIBC, it remains a top contender in the Canadian market.