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CIBC Investor’s Edge Review 2023

CIBC Investor's Edge offers a wide range of tradable assets but it's not the cheapest platform out there.

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By

Stacie Hurst

Updated

Fact checked

Our verdict

Consider CIBC Investor's Edge if you're an active trader, young investor or student. Look elsewhere if you want flexible funding options, as you can only fund a CIBC Investor's Edge account through another CIBC account.

Best for: Active traders and CIBC clients.

Pros
  • Buy and sell stocks, bonds, options, GICs, ETFs, mutual funds and precious metals certificates.
  • Active traders, young investors and students get discounted trades. No annual account fees for TFSAs and RESPs.
  • Offers a rich array of research tools.
Cons
  • You have to phone CIBC directly to access markets outside Canada and the US.
  • CIBC Investor's Edge fees are low for a Big Bank, but it's more expensive than discount brokerages.
  • Can only fund via other CIBC accounts. You have to call to transfer from another bank.
3.8

★★★★★

Finder rating

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Stock Trading Fee

$4.95–$6.95

Min. Deposit

$0

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CIBC Investor's Edge

Learn more on CIBC's secure site

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More pros and cons of CIBC Investor’s Edge

  • Many account types. Invest in non-registered and registered accounts like TFSAs, RRSPs, RESPs, LIRAs and more.
  • Easy for existing CIBC customers. If you already have a CIBC account, you can easily transfer funds to and from your Investor’s Edge account for free.
  • Annual account fee. Pay $100 annually if you don’t maintain a balance of more than $25,000 for registered accounts or $10,000 for unregistered accounts. ($0 annual fee for TFSAs and RESPs.)

How we rated CIBC Investor’s Edge features

Fees

★★★★★

Special fees for active traders, young investors and students. No annual fee for TFSAs and RESPs. Free transfers to/from CIBC accounts.
Available securities

★★★★★

Stocks, bonds, options, GICs, ETFs, mutual funds and precious metals certificates.
Customer support

★★★★★

You can reach out to customer by live chat, phone or email.
Mobile app

★★★★★

The app has been improved over time, but users comment on problems with speed and certain inconvenient features.
Research and tools

★★★★★

Advanced charting tools, insights from CIBC investment experts and analyst ratings from TipRanks.
Reliability

★★★★★

Some users have reported glitches and occasional downtime using the mobile app.

To learn how our star ratings are calculated, read our methodology at the bottom of the page.

CIBC Investor’s Edge is best for active traders and CIBC clients

CIBC Investor's Edge is a good option for those who want to invest through a major Canadian bank. The platform is suitable if you want access to a wide variety of assets and account types.

While CIBC Investor's Edge is not the cheapest or the most sophisticated, it’s a great fit for existing CIBC banking customers, since they can easily fund a trading account through their banking platform. Additionally, active traders, young investors and students get discounted trading fees.

What you can trade on CIBC Investor's Edge

  • Stocks
  • Exchange traded funds (ETFs)
  • Mutual funds
  • Options
  • Bonds
  • Guaranteed Investment Certificates (GICs)
  • Precious metals certificates

Where CIBC Investor’s Edge shines

CIBC Investor's Edge charges competitive fees relative to other Big Canadian Banks and provides a secure way to manage self-directed investment portfolios. Unlike many discount brokerages, it offers access to a wide variety of securities. Additionally, there is no minimum balance requirement, and trading fees are discounted for active traders, young investors and students.

Where CIBC Investor’s Edge falls short

This platform isn’t ideal if you don’t already have a CIBC account and aren’t interested in opening one. It costs $25 to transfer funds to an account outside CIBC, and you can only transfer funds into your investment account from another financial institution by phoning customer service.

Additionally, some users report that certain features of the CIBC Mobile Wealth app are inconvenient like having to navigate to multiple places to get stock data instead of being able to view data in a single dashboard. Others users report problems with getting the latest stock prices.

CIBC Investor’s Edge fees

Minimum deposit$0
Annual fee$0 if conditions met, or $100
Stock, ETF, mutual fund and option contract trade fees$4.95–$6.95 (+$1.25 per contract)
Gold and silver trade fee$40 plus 0.105%-0.250% of trade value
Inactivity fee$100 a year ($0 for TFSAs and RESPs)
Transfer to other CIBC account$0 ($25 to transfer to another institution)
Outgoing account transfer fee$100

Is CIBC Investor’s Edge legit?

Yes, it is. CIBC Investor's Edge is owned and operated by one of the Big 5 Banks in Canada. It’s a division of CIBC Investor Services Inc.—a member of the Investment Industry Regulatory Organization of Canada (IIROC)—and the Canadian Investor Protection Fund (CIPF).

Is CIBC Investor’s Edge easy to use?

Here are some of the tools you can use to trade with on CIBC Investor's Edge:

  • Supports automatic contributions
  • Stock watchlist and alerts
  • Investment news and trends
  • Customizable charts
  • Trading Central technical analysis
  • TipRanks analyist ratings

CIBC Investor’s Edge app

You can access your CIBC Investor's Edge account anytime, anywhere with the CIBC Mobile Wealth app, available for Android and iOS. Access investment research, view stock data, create watch lists and use CIBC’s extensive charting tools to analyze stock performance.

CIBC Mobile Wealth app screenshot

CIBC Investor’s Edge desktop tools

Access CIBC’s library of research compiled by industry experts. Set up watch lists to monitor your stocks, and get real-time quotes for the investments you’re interested in. Create customizable charts to identify trends and analyze stock performance.

CIBC Investor’s Edge app store reviews

Google Play app reviews3.3/5 stars based on 4.51k reviews
Apple App Store app reviews3.6/5 stars based on 5k ratings

CIBC Investor Edge customer support

You can contact CIBC Investor's Edge customer support by phone or email. Customers can also access live chat support by logging into their account online.

  • Email support
  • Phone
  • Online live chat

How to open an account with CIBC Investor’s Edge

  1. Visit www.investorsedge.cibc.com, and select Register. Provide your name, contact information, birthdate, Social Insurance Number (SIN), financial details (such as your assets and liabilities) and the type of account you want to open.
  2. Create a username and password for your account.
  3. Review and submit your application, and wait for CIBC to review it. This may take time if CIBC is handling many applications.
  4. Once your application has been approved, get verified and load funds into your account to start trading.

Eligibility and required information

  • At least the age of majority in the province or territory in which you live
  • Valid phone number and residential and email address
  • Existing bank account (preferably with CIBC) to fund your account
  • Valid Social Insurance Number

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How safe is CIBC Investor’s Edge?

Encryption and blockchain technology help protect users’ personal and financial information, and accounts are regularly monitored for suspicious activity. The CIBC Digital Banking Guarantee states that you’ll be fully reimbursed for funds lost from fraudulent activity on your CIBC account(s), provided you’ve met all your responsibilities.

Frequently asked questions about CIBC Investor’s Edge

Compare CIBC Investor’s Edge with other platforms

CIBC Investor's Edge logo

CIBC Investor's Edge

★★★★★

Finder rating 3.8 / 5

Go to site

Available Asset Types

Stocks, Bonds, Options, Mutual Funds, ETFs

Stock Trading Fee

$4.95–$6.95

Min. Deposit

$0

Signup Offer

Interactive Brokers logo

Interactive Brokers

★★★★★

Finder rating 4.3 / 5

Go to site

Available Asset Types

Stocks, Bonds, Options, ETFs, Currencies, Futures

Stock Trading Fee

min $1.00, max 0.5%

Min. Deposit

$0

Signup Offer

Questrade logo

Questrade

★★★★★

Finder rating 4.3 / 5

Go to site

Available Asset Types

Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals

Stock Trading Fee

$4.95 - $9.95

Min. Deposit

$1,000

Signup Offer

Get $50 in free trades when you fund your account with a minimum of $1,000.

How we rate trading platforms

★★★★★ 5/5 — Excellent

★★★★★ 4/5 — Good

★★★★★ 3/5 — Average

★★★★★ 2/5 — Subpar

★★★★★ 1/5 — Poor

We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.

For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

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