transfer
Receive 1% on external transfers, up to $6,000
New or existing clients enrolling with code SUM26 or the existing-client form and transferring at least $2,500.
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Online brokerage
Scotia iTRADE
A bank-owned self-directed brokerage with broad account coverage, several platforms and fixed regular online commissions.
Canadian stocks$9.99 CAD per trade buy / $9.99 CAD per trade sell
U.S. stocks$9.99 USD per trade buy / $9.99 USD per trade sell
Current promotions
Overview
Scotia iTRADE offers cash, TFSA, RRSP and FHSA accounts. TFSA and FHSA recurring fees are $0, while cash accounts can incur a quarterly low-activity fee and RRSPs can incur an annual fee unless published waiver conditions are met.
Regular Canadian and U.S. stock and ETF commissions are $9.99 per online trade in the transaction currency. More than 200 selected ETFs can trade commission-free, but a regular commission applies when an eligible ETF is sold after being held for less than one business day. Active pricing requires at least 150 commission-generating trades per quarter.
Clients can use the Scotia iTRADE app, Scotia online, Trade Pro or Trading Desk. Currency conversion, extended-hours ECN charges, options contract fees, service charges and professional market-data fees are separate from headline equity commissions.
Regular pricing and account fees
These are the regular online rates, excluding temporary promotions. Other account fees, currency conversion costs, service charges, trading fees and paid plans are covered below.
Account availability and recurring fees
- Non-registered cash
- Available · Conditional account feeIndividual non-registered accounts are available; margin functionality is offered. Low-activity fee applies unless a published waiver condition is met.
- TFSA
- Available · $0 account feeIndividual TFSAs are available. The fee schedule lists no TFSA recurring fee.
- RRSP
- Available · Conditional account feeIndividual and spousal RRSPs are available. Waived at $25,000 aggregate assets, 12 commissionable trades, or under-age-26 eligibility.
- FHSA
- Available · $0 account feeIndividual FHSAs are available. The fee schedule lists no FHSA recurring fee.
Regular online commissions
- Canadian Stock
- Buy $9.99 CAD per trade · sell $9.99 CAD per tradeActive pricing is $4.99 after at least 150 commission-generating trades per quarter. Buy: Regular online equity commission. Sell: Regular online equity commission.
- Canadian Etf
- Buy $9.99 CAD per trade · sell $9.99 CAD per tradeMore than 200 eligible ETFs can trade commission-free subject to holding-period terms. Buy: Regular online commission unless the ETF is on the eligible commission-free list. Sell: Regular commission; eligible ETFs sold after less than one business day are charged regular commission.
- Us Stock
- Buy $9.99 USD per trade · sell $9.99 USD per tradeU.S. transaction fees are charged in U.S. dollars. Buy: Regular online equity commission. Sell: Regular online equity commission.
- Us Etf
- Buy $9.99 USD per trade · sell $9.99 USD per tradeEligible commission-free ETFs include CAD- and USD-listed funds. Buy: Regular commission unless on the eligible commission-free list. Sell: Regular commission; eligible ETFs held less than one business day incur regular commission.
Other fees and features
Accounts and tiers
- Other accounts
- Margin, RESP, RRIF, LIRA, LIF, non-personal and practice accounts
- Active pricing
- $4.99 per equity trade at 150 or more commission-generating trades per quarter
- iClub
- Gold and Platinum relationship tiers affect margin rates and services
Minimums and recurring fees
- Trading minimum
- No minimum disclosed for regular online trades
- Cash-account inactivity fee
- $25 per quarter with balance, trade, age and new-client waivers
- RRSP recurring fee
- $100 annually below waiver thresholds
- TFSA and FHSA recurring fees
- $0
Service and transfer fees
- Incoming transfer fee reimbursement
- UnknownA standing reimbursement outside temporary promotions was not established from the reviewed official sources.
- Institutional transfer out
- $150 full or partial
- Full and partial deregistration
- $125 full or $50 partial
- Outgoing wire
- $25 domestic; $25 plus clearing fee foreign
- Paper documents
- $3 monthly statement and $2 trade confirmation; paperless is free
- Estate processing
- $200
Investments and trading costs
- Options
- $9.99 plus $1.25 per contract; active rate $4.99 plus $1.25
- Mutual funds
- $9.99 online; high-interest savings and money-market funds $0
- Fixed income
- $1 per $1,000 face value; $24.99 minimum and $250 maximum
- Extended-hours ECN fee
- USD $0.005 per share for U.S. extended-hours trades
- Representative surcharge
- $65 in addition to applicable commission
Foreign exchange and currency
- Account currencies
- CAD and USD account components supported
- Currency conversion
- Foreign-exchange fees apply when security and account currencies differ
- Published conversion spread
- Unknown; current public pricing does not state a numeric retail spread
Markets
- Listed equities
- Major Canadian and U.S. exchanges
- Extended hours
- U.S. extended-hours trading available with an ECN fee
Trading features
- Practice account
- Available
- Rapid order staging
- Trading Desk can prepare up to 200 orders
- Integrated banking
- Scotia clients can use single sign-on and move funds between banking and investing
Platforms and market data
- Platforms
- Scotia iTRADE app, Scotia online, Trade Pro and Trading Desk
- Professional market data
- Exchange-specific monthly fees from CAD $25 to $48 and USD $20 to $127.25
- Non-professional data cost
- Unknown; no consolidated regular-client schedule disclosed on reviewed pages
Orders and research
- Research and education
- Market research, technical analysis, insights, webinars, videos and tools
- Options exercise or assignment
- $65 plus regular online equity commission
Margin
- Margin accounts
- Available
- Standard margin rates
- Prime plus 1.55% to 1.65% depending on debit balance
- Registered debit rate
- Prime plus 5.00%
Custody and protection
- Dealer
- Scotia iTRADE is a division of Scotia Capital Inc.
- Regulatory membership
- CIRO-regulated and a CIPF member
- Security guarantee
- Scotiabank Online Security Guarantee applies subject to its terms