CIBC Investor’s Edge is introducing pricing of $6.95 per trade, with no trade minimums, to all online investors that have $100,000 or more in business with CIBC, the online brokerage division of CIBC (TSX:CM) said Thursday.

“This new and innovative pricing offer gives online investors one of the most competitive trading prices available today in Canada,” says Michael Martin, senior vice president, alternate channels at CIBC.

“CIBC looks at your whole banking relationship whether it is your mortgage, GICs, Line of Credit or Investors Edge trading account,” adds Martin. “Online investors with total household account balances of $100,000 at CIBC will now pay one of the lowest trade prices in the industry. This special pricing applies no matter how often they trade and applies to both new and existing clients.”

The $100,000 per household total applies to the combined total of deposits, investments and loans, including mortgages, held by all occupants of a household through CIBC and other CIBC affiliates.

Under the new pricing, CIBC clients with total balances of $100,000 or more per household in CIBC products qualify for the price of $6.95 per online equity trade or online option trade (option trades are also subject to a $1.25 per contract fee).

Online investors with balances between $50,000 and $100,000 in a CIBC online brokerage account will be eligible for a low $9.95 per trade price.

CIBC Investor’s Edge is now enrolling clients in the new pricing plan which takes effect January 1.

IE