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Scotia iTRADE
Scotia iTRADE Self-Directed Investing
A bank-owned self-directed brokerage with broad account coverage, several platforms and fixed standard online commissions.
Cash admin feeConditional
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
Standard tierStandard pricing
Current promotions
Current offers
Brokerage context
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.
Standard 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.
Eligibility facts
Standard account and commission facts
These facts describe the standard tier without relying on temporary promotions. Pass-through, foreign-exchange, service, and paid-tier costs appear below.
Individual accounts
- CASH
- Available · Conditional recurring feeIndividual non-registered accounts are available; margin functionality is offered. Low-activity fee applies unless a published waiver condition is met.
- TFSA
- Available · $0 recurring feeIndividual TFSAs are available. The fee schedule lists no TFSA recurring fee.
- RRSP
- Available · Conditional recurring feeIndividual and spousal RRSPs are available. Waived at $25,000 aggregate assets, 12 commissionable trades, or under-age-26 eligibility.
- FHSA
- Available · $0 recurring feeIndividual FHSAs are available. The fee schedule lists no FHSA recurring fee.
Standard 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: Standard online equity commission. Sell: Standard 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: Standard online commission unless the ETF is on the eligible commission-free list. Sell: Standard 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: Standard online equity commission. Sell: Standard 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: Standard commission unless on the eligible commission-free list. Sell: Standard commission; eligible ETFs held less than one business day incur regular commission.
Full inventory
Fees, access, platforms, and capabilities
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 standard 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 standard-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