CA
Scotia iTRADE® review
Whether you are a beginner or an expert at investing, you deserve the best! So, check out this Scotia iTRADE® review article to learn how you can maximize earnings and minimize costs!
by Aline Augusto
Scotia iTRADE®: the best trading platform!
Check out this Scotia iTRADE® review article to learn how you can maximize earnings and minimize costs! Investing can be challenging, and that’s why you need to count on tools and educational resources to make the process reliable.
Basically, we know the risk, but in summary, all we want is to get the maximum profits and fewer losses.
So, today we present to you the Scotia iTRADE®, an excellent broker for beginners and advanced traders.
If you want access to Canadian and U.S. markets, this brokerage company held by Scotia Bank is definitely a great choice!
Keep reading to learn how it works and how you can get the best of it!
| Trading fees | Equities: 150+ trades/quarter – $4.99 Less than 150 trades/quarter – $9.99 Options: 150+ trades/quarter – $4.99 + $1.25/contract Less than 150 trades/quarter – $9.99 + $1.25/contract (plus $65 for trades placed with a telephone representative) Mutual funds: Placed Online – $0 Placed by telephone representative – $65 Fixed income securities: Placed Online – $1 per $1,000 Face Value ($24.99 minimum, $250 maximum) Placed by telephone representative – $1 per $1,000 Face Value + $65 ($24.99 minimum, $250 maximum) |
| Account minimum | $100 (for basic platform Scotia iTRADE Basic) to open |
| Promotion | Up to $2,000 cash and $4.99 stock and ETF commission pricing; Or up to 500 free stock and ETF trades |
| Investment choices | Equitites, ETFs, Mutual funds, Options, GICs, Bonds, New Issues |
How to join the Scotia iTRADE®?
Get the best trading platform with Scotia iTRADE®! Learn how to open an account!
How does Scotia iTRADE® work?
Scotia Bank is one of the biggest in Canada. And since E*TRADE purchase, it has been offering the best trading platform for those who already are or want to be active day traders.
Therefore, if you search for a broker to give you plenty of investment choices with an award-winning tool, you have just found one.
Also, it allows you to access both Canadian and American financial markets.
You can sign up for a basic and user-friendly platform, which is free. Or you can sign up for the Scotia iTRADE FlightDesk.
Even though this premium tool charges a monthly fee, you can waive it with a minimum of $250,000 in assets or trading 30 to 149 every month.
Plus, this platform is all customizable, and you get access to real-time streaming data and portfolio value.
Moreover, Scotia iTRADE® offers a mobile app with basic features.
Furthermore, you get a promotion when opening an account, and the commission prices are competitive, as you can see in the summary table above.
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Scotia iTRADE® benefits
Besides the promotion, note that you can trade from equities, mutual funds, bonds, new issues to guaranteed investment certificates (GICs).
In addition, and the best of all, you can count on a high-quality platform that gives you the confidence you need in trading.
Although it charges annual fees for registered and unregistered accounts, Scotia broker allows you to access a demo account to practice your portfolio strategy and gives you educational resources and excellent research.
And if you don’t want to pay for a premium tool, you can stick with a basic platform for free, and a $100 is required to open.
Pros
- Commission fees are competitive;
- Scotia iTRADE Basic platform is free;
- Scotia iTRADE FlightDesk is an award-winning platform;
- It offers access to market research and an educational resource;
- It provides plenty of investment choices in Canadian and U.S. markets.
Cons
- Registered and unregistered accounts have fees;
- The greatest platform has monthly fees.
Should you join Scotia iTRADE®?
Scotia iTRADE® is an excellent choice for those who want a fantastic platform to maximize profits and invest with confidence.
Can anyone open a Scotia iTRADE® account?
To open an account at Scotia iTRADE®, you need to be a Canadian citizen at the age of majority. Besides that, you will need to provide:
- A Social Insurance Number (SIN);
- A legible copy of a valid Canadian Government-issued photo identification.
How to open a Scotia iTRADE® account?
So, learn how to open an account and start watching your money grow!
How to join the Scotia iTRADE®?
Get the best trading platform with Scotia iTRADE®! Learn how to open an account!
Aline Augusto
Aline Barbosa
Senior Editor
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