Frequently Asked Questions
CIBC Investor’s Edge is incredibly safe to use. Not only is it backed by CIBC, one of the most popular banks in Canada, but it also has its own security measures in place. CIBC itself is a member of the CIPF and the IIROC, which both represent the gold standard of financial security in Canada. CIBC offers its customers a 100% guarantee against the loss of funds from cyber crime or fraud.
Yes, it’s possible to buy US stocks on CIBC Investor’s Edge, but they can only be purchased using US dollars. CIBC Investor’s Edge will perform the currency conversion for you so you can purchase your US stock using Canadian funds. You will be charged an exchange rate. This is determined by CIBC and will fluctuate over time. Keep in mind that if the Canadian dollar strengthens overtime, you might see the value of your portfolio fall. You take on an additional risk when investing in foreign currency.
Yes, CIBC Investor’s Edge has a mobile app. It’s called CIBC Mobile Wealth and allows you access to all of your investment accounts. You also have access to expert financial advice and can also opt to build “watch lists” for investments. The app is the easiest way to receive alerts for any price adjustments that might affect your investments. You can also easily transfer funds between CIBC accounts at the touch of a button.