CIBC launches brokerage app

CIBC has launched its new CIBC Mobile Brokerage App, which gives investors the opportunity to make trades on the go through their mobile device, in addition to a wide range of features to help clients stay on top of the market, including real-time quotes, portfolio monitoring, and more.

“Investors will now be able to receive market information and make trades in real-time through their mobile device, without having to get to their computer. We know from research that there is huge demand for the benefits that this App will provide. It will change the investing landscape across Canada,” said Michael Martin, senior vice-president, alternate channels, CIBC.

Mobile trades made with the new App using a CIBC Investor’s Edge account are eligible for $6.95 per trade pricing for investors with combined balances of $100,000 or more in CIBC products. This pricing structure was introduced in January for online trades and has proven very popular with investors.

The CIBC Mobile Brokerage App is available to clients using an iPhone, BlackBerry, or Android device, and offers features to meet the growing demand from Canadians to have access to their finances while on the go, including the ability to:

• Buy and sell stocks
• View cash and margin balances, book values, and market values for individual account holdings
• Search for stocks
• Transfer cash between your CIBC brokerage and bank accounts
• View market indices, commodities and exchange rate information
• Get quick quotes on stock prices
• Create/modify Watch Lists for an at-a-glance view of stocks
• View the status of your trades and cash transfers
• View the transaction history for your account

“Not only are we introducing mobile trading to Canadian investors, but we continue to offer outstanding value to clients through our $6.95 per trade pricing for CIBC’s Investor’s Edge clients,” Martin added.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.