How to Place a Stock Trade

Introduction


CIBC Investor's Edge helps make the process of trading stocks easier by providing you with the information, tools and resources you need to make informed investment decisions.

When preparing to buy or sell a stock, it's important to have some background information on your potential investment. Determining how long a company has been in existence, its performance over the short- and long-term and most importantly, its future prospects, are key to making an informed decision.

To research a company, select Quotes and Research from the left-hand menu. This gives you access to company news, charts, stock tools and research reports from CIBC World Markets and Thomson Reuters.

CIBC Investor's Edge offers you access to all North American markets. To start trading, select Trading from the left-hand menu and select Trade Stocks.

You can also place a stock trade directly from Account Holdings and My Quote Lists and from your Watch Lists.

Play Fund your account and place your first trade video.

TranscriptPlay video. Opens a new window in your browser.

How to Place a Stock Trade - Introduction

Step 1
 

1. Enter the stock symbol, applicable market and number of shares you wish to buy or sell.

  • If you are selling a stock, you can choose the security from the drop-down list of securities you currently own.
  • If you don't know the stock symbol, you can look it up using the Symbol Search link.
  • You can also get a real-time quote for the stock you want to trade by clicking on the Get Real Time Quote button. The quote will populate on the right-hand side of the page.


2. Select the Order Price and Order Expiry.

  • Click on the question mark icons for more information about any of the terms used on the Stock Order Entry page.


3. In addition to your CIBC Investor's Edge account, you can also choose to pay from or pay to your bank account if you have related your bank account with your CIBC Investor's Edge account.

  • A list of available accounts is displayed in the Pay From or Pay To drop-down menu.


4. Once you've completed your order and reviewed all of your entries, click Next.


NOTE
: If you select the U.S. market, but choose to pay from a Canadian bank or brokerage account, foreign exchange rates will apply.

How to Place a Stock Trade - Step 1

Step 2


1. Before submitting your order for processing, you can verify all of the trade details, including an estimate of the total cost of the trade.

  • The estimated total cost of the trade, including commission, will appear on the right-hand side of the page.


2. Once you have confirmed all the details of your trade, enter your trading password and select Submit Order.

  • You can save your trading password for the current session if you are planning on making multiple trades.


NOTE: It is important to carefully review all details of your trade to ensure accuracy.

How to Place a Stock Trade - Step 2

Step 3


After submitting your order, you will receive confirmation that the order was successfully submitted, along with an order tracking number for your reference. You may wish to print this page for your records.

  • You should also verify the status of your order on the Order Status page.
  • You can set up Fill Alerts to receive notification once your trade has been completed.


NOTE: The standard settlement period for stock trades is the transaction date plus two business days (T+2). If you choose to pay from or pay to a bank account instead of your CIBC Investor's Edge account, your bank account will not be debited or credited until the day of settlement.

How to Place a Stock Trade - Step 3

Order Status


You can view your recent orders, including orders submitted today, and any Good Through orders that have not yet been filled. Additional details are also available for any orders that have been filled or rejected.

You can change or cancel any open or partially-filled orders. Orders that are "pending" or "next day" can be cancelled, but cannot be changed.

How to Place a Stock Trade - Order Status

Other Resources


Stock trades can be placed online, through our automated touchtone telephone service or by contacting a CIBC Investor's Edge Investment Representative. You can also place stock trades directly from your smartphone using the CIBC Mobile Wealth App.

When you place a stock trade online or using the CIBC Mobile Brokerage App, you'll pay a flat rate commission per equity trade. Learn more about our competitive pricing.

Any orders for stocks that trade on markets outside of North America must be placed directly with an Investment Representative.