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2004 Broker Survey
The Globe and Mail's 2004 On-line Broker Report
Profiles
Click a broker to view contact info, services offered and fee schedules
BMO Investorline

CIBC Investor's Edge

Credential Direct

Disnat

eNorthern

E*Trade Canada

HSBC Invest Direct

National Bank Discount Brokerage

Qtrade Investor

RBC Action Direct

ScotiaMcLeod Direct Investing

TD Waterhouse
Broker: CIBC Investor's Edge
Web Site: https://www.investorservicesinc.cibc.com/
Customer Service: Phone: 1-800-567-3343
Phone:1-888-366-6888 (Asian services)
E-mail: PCBISImailbox@cibc.com
Mailing Address:

CIBC Investor Services Inc.
Attention: Customer Satisfaction Department
800 Bay Street, 2nd Floor
Toronto, Ontario
M5S 3A9

Service / Accounts Available:
  • Cash accounts
  • Margin accounts
  • Options accounts
  • Self-Directed RSP, RESP, RIF, RRIF/LIF and RRSP accounts
  • corporate, investment clubs, estates and trust accounts
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit CIBC Investor's Edge)
Equities

Electronic Trades - Up to 1000 shares of any value:
Market Order $25

Non-Market Orders $28.95
Over 1000 shares
Share price Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn. U.S.
Commission / Price Commission / Price Commission / Price
Less than $0.245 1.5% of principal 2½% 3%
$0.25 - $1.00 $35 + ½ ¢ per share $39 + 2¢ per share
$1.01 - $2.00 $35 + 2¢ per share $39 + 3¢ per share
$2.01 - $5.00 3¢ per share $35 + 3¢ per share $39 + 4¢ per share
$5.01 - $10.00 $35 + 4¢ per share $39 + 5¢ per share
$10.01 - $20.00 $35 + 5¢ per share $39 + 6¢ per share
$20.01 - $30.00 $35 + 6¢ per share $39 + 7¢ per share
$30.01 and higher $39 + 8¢ per share
Note: Minimum commission of $25.00 (CDN or U.S.) applies to all trades with a principal value less than $2,000.
Non-Market Orders with a stock price up to $2.00 are 1.5% of principal. Those with a stock price greater than $2.01 are 3¢ per share.
A minimum commission of $50 applies to CDN and U.S. orders placed with an Investment Representative over the phone. The minimum commission is charged against each trade. Trades with a principal value of less than $2,000 will be charged the minimum commission only. Full commissions and fees apply for each partial fill, except when transacted within the same business day. Transactions of principal value over $250,000 are negotiable for both Canadian and U.S. equities.

 
Mutual Fund Trades
  Front-Load CIBC No-Load Other No-Load Back­Load
Purchase $0 $0 $0 $0
Switch(1) $0 $0 $0 $0
Redemption $30 $0 $40 $0
Note:(1) Switch orders are only permitted within the same family of funds and within the same load class, on the same day.

These fees are in addition to charges applied by the fund company, such as early redemption fees or deferred sales charges on back-end load funds. Mutual funds may charge fees with respect to short-term trading. These fees may vary, but will often be a fee of up to 2% of the amount you redeem, if you redeem mutual fund securities within 90 days of purchase. Please read the applicable prospectus. With the exception of CIBC funds, there is a $1,000 minimum initial investment for all mutual fund orders (unless a higher minimum is set by the mutual fund company). For CIBC mutual fund orders, the minimum investment is $500.

 
Option Trades
Contract Price Internet and Automated Telephone Service Placed by phone with a person
Commission / Contract Commission / Contract
$0.00 - $2.00 $28 + $1.20 $35 + $1.50
$2.01 - $3.00 $28 + $1.60 $35 + $2.00
$3.01 - $4.00 $28 + $2.00 $35 + $2.50
$4.01 - $5.00 $28 + $2.40 $35 + $3.00
$5.01 and higher $28 + $2.80 $35 + $3.50
Note: U.S. Commissions are in U.S. dollars. For assignments and exercises, the regular equity commission schedule applies.

 
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