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ONLINE BROKERAGE REVIEW

Scotia iTRADE Review 2022

Updated October 13, 2021

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

1.9/5 (4)

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.

Scotia iTRADE Full Review

What Account Types does Scotia iTRADE offer?

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    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for Scotia iTRADE

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    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by Scotia iTRADE

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Scotia iTRADE Rankings & Reviews for 2022

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  • Sorry, no data is available.

How can I contact Scotia iTRADE customer support?

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Scotia iTRADE Downtime Report

Scotia iTRADE down? Submit an incident report using our exclusive online brokerage outage tracker and view reported incidents from other users.

Click here to view current Scotia iTRADE Downtime Report

What do people think of Scotia iTRADE?

ericsvisuals
Superstonk
9/23/2022
Transferred from Scotia iTrade, was a slow process but worth it. Maybe a little over a month all together
deltatux
PersonalFinanceCanada
9/22/2022
Questrade is a popular choice but may not be the best choice. If you're looking to stick to only CAD trades, WealthSimple Trade offers free buying/selling. If you want to also do USD trades, National Bank Direct Brokerage offers free buying/selling. However, with NBDB, you need to either keep your investment balance of $20k+ to avoid account fees or you hold one of their special account packages available to select professions (like healthcare, business, IT, engineering and educational professionals). CI Direct also offers free ETF purchases but has lower selling fees than Questrade, it's 1 cent per share to sell like Questrade but it's $2 minimum, $7 max, instead of Questrade's $5 minimum and $10 max. Other brokerages like Scotia iTrade and QTrade (not to be confused with Questrade) offers select ETFs for free as well.
BigTechEqualsValue
wallstreetbets
9/22/2022
Does anyone here use Scotia ITrade? They released a new app but for some reason they have expiry date on options on Tuesday/Thursday so nothing shows up, how tf they not fix this by now
sunnydaycfa
CanadianInvestor
9/21/2022
Have some time for a chuckle? Check out the Google reviews for Scotia Itrade! I use the platform, and I find it fine for my purposes. But *** forbid you need to actually ever talk to a human there......then you're in trouble.
SilageNSausage
Superstonk
9/20/2022
RBC charges $$ to transfer to another broker as does Scotia iTrade