Quick Info

Standard Equity Commission

$9.99
Best Commission Price

$4.99
Minimum to Open Account

Not Required
Maintenance/Inactivity Fees

$25/Quarter
Commission-free ETF Trading

Yes
Young Investor Offer

Yes (Age: 18 - 26)

HIGHLIGHTS

Scotia iTrade, a subsidiary of Scotia Capital, is a bank-owned online brokerage that is active in providing investor education as well as trading platforms geared towards advanced or active traders. In addition, they are one of the only bank-owned online brokerages to offer commission-free ETF trading. Scotia iTrade has also lowered their standard commission pricing to be more in line with other Canadian online brokerages.

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Registered Accounts

✓ TFSA
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RRSP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RESP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

Non-Registered Accounts

✓ Cash
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ Margin
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

ACCOUNT FEES & REQUIREMENTS

Registered Accounts

✓ TFSA
- Minimum Opening Balance
  
  $0
- Minimum Balance Required
  
  $0
- Annual Charge
  
  $0
- Transfer Out
  
  $150
- Withdrawals
  
  $0
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  Nil Inactivity fee
✓ RRSP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $100.00
- Transfer Out
  
  $150
- Withdrawals
  
  Full: $125
  Partial: $50
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  Fee is waived for clients with combined accounts balance of $25,000+ or had 12+ trades in the preceding 12 months; or clients below 26 years old. Nil Low Activity Fee.
✓ RESP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $25.00
- Transfer Out
  
  $150
- US Dollar Account
  
  No fee
- Fee Waiver Condition
  
  Fee is waived for clients with combined accounts balance of $15,000 or more. Nil Low Activity Fee.

Non-Registered Accounts

✓ Cash
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $150
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  Low Activity ($25/quarter) may apply unless: client's combined equity $10,000+; or client had 1+ trades in the preceding 3 months; or the client is a student.
✓ Margin
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $150
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  Low Activity ($25/quarter) may apply unless: client's combined equity $10,000+; or client had 1+ trades in the preceding 3 months; or the client is a student.
✓ Inactivity Fees
- Inactivity or Maintenance Fees
  
  $25/Quarter
✓ Fee Waiver Conditions
- Low Activity ($25/quarter) may apply unless: client's combined equity $10,000+; or client had 1+ trades in the preceding 3 months; or the client is a student.

TRADING COMMISSIONS & FEES

Equity
- Minimum commission per trade
  
  $4.99
- Maximum commission per trade
  
  $9.99
- Standard commission per trade
  
  $9.99
- Best commission per trade
  
  $4.99
ETF
- Commission-free ETF Trading Available?
  
  ✓
Options
- Standard Base option commission fee
  
  $9.99
- Standard per contract commission
  
  $1.25
- Assignment and Exercise Commission
  
  $65 plus regular online Equity commissions

ONLINE BROKERAGE RANKINGS

Sorry, no data is available.

CONTACT

Website

https://www.scotiaitrade.com/

[email protected]

Phone

1-888-872-3388

Customer Service Hours

Mon-Fri: 8am-6pm (ET)

Mailing Address

Scotia iTRADE PO Box 4002 Station A Toronto, ON M5W 0G4

INDEX

ONLINE BROKERAGE REVIEW

Scotia iTRADE Review 2021

Quick Info

HIGHLIGHTS

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ RRSP

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ RESP

US Dollar Account Available?

✓

US Dollar Fee

No fee

Non-Registered Accounts

✓ Cash

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ Margin

US Dollar Account Available?

✓

US Dollar Fee

No fee

ACCOUNT FEES & REQUIREMENTS

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

Minimum Opening Balance

$0

Minimum Balance Required

$0

Annual Charge

$0

Transfer Out

$150

Withdrawals

$0

US Dollar Account

0

Fee Waiver Condition

Nil Inactivity fee

✓ RRSP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$100.00

Transfer Out

$150

Withdrawals

Full: $125Partial: $50

US Dollar Account

0

Fee Waiver Condition

Fee is waived for clients with combined accounts balance of $25,000+ or had 12+ trades in the preceding 12 months; or clients below 26 years old. Nil Low Activity Fee.

✓ RESP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$25.00

Transfer Out

$150

US Dollar Account

Full: $125
Partial: $50