Comments on: CIBC Investors Edge Review http://www.milliondollarjourney.com/cibc-investors-edge-review.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 17:31:30 -0400 http://wordpress.org/?v=abc hourly 1 By: Questrade | eruvs http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-100755 Questrade | eruvs Fri, 21 Aug 2009 03:24:49 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-100755 [...] I've been using Ques­trade Inc as my bro­ker since Jan 2009. Of all the stock bro­kers in Canada, in my opi­nion, Ques­trade is the best solu­tion for the tra­der that has assets less that $100,000. The only other ser­vice that comes close in pri­cing is the CIBC Inves­tors Edge. [...]

[...] I've been using Ques­trade Inc as my bro­ker since Jan 2009. Of all the stock bro­kers in Canada, in my opi­nion, Ques­trade is the best solu­tion for the tra­der that has assets less that $100,000. The only other ser­vice that comes close in pri­cing is the CIBC Inves­tors Edge. [...]

]]> By: Investor http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-89309 Investor Sat, 27 Jun 2009 23:33:08 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-89309 Oh and, BTW. Their maintence fee's for non-registered accounts are now $60/year if you hold less then 10,000$. If you hold above that the fee is waived. Oh and, BTW. Their maintence fee’s for non-registered accounts are now $60/year if you hold less then 10,000$. If you hold above that the fee is waived.

]]> By: Investor http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-89247 Investor Sat, 27 Jun 2009 09:33:43 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-89247 It may be true that cibc doesn't offer LV2 quotes, it does have real time quotes, and 15 minute delayed charts. Although TDW does offer LV2 quotes, one has to look at the pricing aswell. You have to make 150 trades/q (600 trades per year) to recieve this LV2 quote service for free. @ that volume your commissions are 7$ a trade. The mid level is if you make between 30-149/q (120 trades per year min.) in that case you will get this service for 99$ a month and a commission of 10$ a trade. If you make under 30 trades per quarter. Your charged regular commission and as far as I know are only able to access their webtrader. (which doesn't have Lv2) They simply just offer a nice little program @ a cost for serious traders, and for free for professional day traders looking to trade alot. It may be true that cibc doesn’t offer LV2 quotes, it does have real time quotes, and 15 minute delayed charts.

Although TDW does offer LV2 quotes, one has to look at the pricing aswell. You have to make 150 trades/q (600 trades per year) to recieve this LV2 quote service for free. @ that volume your commissions are 7$ a trade.

The mid level is if you make between 30-149/q (120 trades per year min.) in that case you will get this service for 99$ a month and a commission of 10$ a trade.

If you make under 30 trades per quarter. Your charged regular commission and as far as I know are only able to access their webtrader. (which doesn’t have Lv2)

They simply just offer a nice little program @ a cost for serious traders, and for free for professional day traders looking to trade alot.

]]> By: SM http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-41792 SM Wed, 02 Jul 2008 02:36:52 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-41792 Hi all, I'm currently a TDW customer ( w/t CAN, US and SDRRSP account) and I'm getting tired at paying 29+ / trade. I'm thinking to switching an another broker (Questrade, TradeFreedom or CIBC) and looking for help. 1- Will I have to pay some fee for transferring my accounts? 2- How long will it take to transfer my accounts from TDW to Ques trade once the account is open? 3- I understand that to transfer fund from my bank to Questrade I can use the pay bill option. What about the other way around? Do I have any other option to transfer fund between accounts. Thanks, Hi all,

I’m currently a TDW customer ( w/t CAN, US and SDRRSP account) and I’m getting tired at paying 29+ / trade.
I’m thinking to switching an another broker (Questrade, TradeFreedom or CIBC) and looking for help.

1- Will I have to pay some fee for transferring my accounts?
2- How long will it take to transfer my accounts from TDW to Ques trade once the account is open?
3- I understand that to transfer fund from my bank to Questrade I can use the pay bill option. What about the other way around? Do I have any other option to transfer fund between accounts.

Thanks,

]]> By: J. G. Read http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-15315 J. G. Read Sat, 27 Oct 2007 19:48:14 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-15315 Where might I find a list of equities that are purchaseable on margin ? Also how does one calculate what equity is 50 % or 30 % marginable ? Any assistance would be appreciated. J.G. Read Where might I find a list of equities that are purchaseable on margin ?

Also how does one calculate what equity is 50 % or 30 % marginable ?

Any assistance would be appreciated.

J.G. Read

]]> By: The Amatureist Financial Journey – Interesting Links http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-11915 The Amatureist Financial Journey – Interesting Links Mon, 10 Sep 2007 07:44:45 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-11915 [...] Invester’s Edge Review- a review of another bank/brokerage. [...]

[...] Invester’s Edge Review- a review of another bank/brokerage. [...]

]]> By: hoto http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-9842 hoto Wed, 08 Aug 2007 02:07:14 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-9842 Anyone have any ideas as to the best way of getting money into the investor's edge account when you don't use their banking services? When I called in, they said that you can setup a LOC with a third party bank, which they can debit when you give them the information, and the transaction will be near instantaneous. But, they said it only works for LOCs..so I am thinking of opening up a TD LOC as a free chequing account. Any ideas? Anyone have any ideas as to the best way of getting money into the investor’s edge account when you don’t use their banking services?

When I called in, they said that you can setup a LOC with a third party bank, which they can debit when you give them the information, and the transaction will be near instantaneous.

But, they said it only works for LOCs..so I am thinking of opening up a TD LOC as a free chequing account.

Any ideas?

]]> By: Nabloid http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-8119 Nabloid Wed, 11 Jul 2007 04:42:05 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-8119 Investor's Edge doesn't currently offer L2 quotes (I know TD does!). I've seen one of my friends with the L2 quotes and it shows a bunch of bids and asks that are currently listed for the stock. It is extremely handy. I've asked CIBC if they have this option (I phoned them) and the rep said they don't, but other's have asked about it in the past. This is also a big problem. If you want to be a solid brokerage firm, you need to offer solid features, especially L2 quotes!! Investor’s Edge doesn’t currently offer L2 quotes (I know TD does!). I’ve seen one of my friends with the L2 quotes and it shows a bunch of bids and asks that are currently listed for the stock. It is extremely handy. I’ve asked CIBC if they have this option (I phoned them) and the rep said they don’t, but other’s have asked about it in the past.

This is also a big problem. If you want to be a solid brokerage firm, you need to offer solid features, especially L2 quotes!!

]]> By: nobleea http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-8102 nobleea Tue, 10 Jul 2007 21:10:20 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-8102 Hi, E*Trade has a similar order confirmation page which does slow down the process. I don't think it's caused me to lose out on any fast moving stocks, but it has saved me a couple times from buying a stock at the wrong price! Hi, E*Trade has a similar order confirmation page which does slow down the process. I don’t think it’s caused me to lose out on any fast moving stocks, but it has saved me a couple times from buying a stock at the wrong price!

]]> By: Canadian Capitalist http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-8089 Canadian Capitalist Tue, 10 Jul 2007 19:05:39 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-8089 FT: Thanks for pointing Dom to my site. Dom: Here's the <a href="http://www.canadiancapitalist.com/2006/08/28/how-to-make-a-wash-trade" rel="nofollow">link</a>. FT: Thanks for pointing Dom to my site.

Dom: Here’s the link.

]]> By: FrugalTrader http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-8088 FrugalTrader Tue, 10 Jul 2007 18:21:25 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-8088 Dom, TD's washtrade is where you buy/sell US securities, but they will keep the currency in USD by buying/selling US money market funds. The only problem with this is that you need to phone a rep directly to execute this. <a href="http://www.CanadianCapitalist.com" rel="nofollow">Canadian Capitalist</a> has more info on this. Do a search for "wash trades" on his site. Dom, TD’s washtrade is where you buy/sell US securities, but they will keep the currency in USD by buying/selling US money market funds. The only problem with this is that you need to phone a rep directly to execute this. Canadian Capitalist has more info on this. Do a search for “wash trades” on his site.

]]> By: Dom http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-8086 Dom Tue, 10 Jul 2007 18:16:38 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-8086 Hi FT, Could you explain what is "wash trade" as offered by TD? TIA, Hi FT,

Could you explain what is “wash trade” as offered by TD? TIA,

]]> By: Review: Canadian Discount Brokerages - Million Dollar Journey http://www.milliondollarjourney.com/cibc-investors-edge-review.htm/comment-page-1#comment-8082 Review: Canadian Discount Brokerages - Million Dollar Journey Tue, 10 Jul 2007 17:00:02 +0000 http://www.milliondollarjourney.com/cibc-investors-edge-review.htm#comment-8082 [...] Update July 10, 2007: Here is a CIBC Investors Edge Review. [...]

[...] Update July 10, 2007: Here is a CIBC Investors Edge Review. [...]

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