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Commissions and fees

 

 

 

Please call our Customer Service team for current rates at 1-888-872-3388.

To qualify for commissions of $4.99 flat per Canadian or U.S. equities trade and $4.99 + $1.25/contract for each options trade, you must execute at least 150 commission-generating trades within a calendar quarter. Accounts with less than 150 commission-generating trades within a calendar quarter will qualify for commissions of $9.99 flat per Canadian or U.S. equities trade and $9.99 + $1.25/contract for each options trade. Commission-generating trades are buys and sells of: Equities, Options and Fixed Income Instruments subject to commissions. Buys and Sells of GICs, ETFs and mutual funds that do not generate a commission, Canada Savings Bonds and Provincial Savings Bonds, are examples of trades that are not commission-generating. New qualification status will be effective on the next business day the requirement for a specific number of trades has been satisfied. You will also qualify in the calendar quarter subsequent to the quarter when new qualification status became effective (the "Subsequent Quarter"). If the requirements for a specific number of trades are satisfied in the Subsequent Quarter, you will retain your qualification status in the quarter following the Subsequent Quarter. Otherwise, you will need to re-qualify after the end of the Subsequent Quarter. Fees for U.S. transactions are charged in U.S. dollars.

$1 per $1,000 Face Value ($24.99 minimum, $250 maximum). Pricing applies to secondary market trades conducted online through Scotia iTRADE only. Minimum commission of $24.99 applies to each trade. Add $65.00 for telephone representative – assisted trades. Foreign exchange fees will be applied to trades involving securities that are denominated in a currency other than the currency of the account in which the trade is placed. Please see Section 1.7 (“Currency Conversion”) in     

ECN fee still applies to extended hours trades that are executed in regular trading sessions.

Fees for U.S. transactions are charged in U.S. dollars. Equity transactions with a principal value of less than $2,000 will be charged either a flat fee of $4.99 per trade or $9.99 per trade, depending upon the pricing tier for which you have qualified. Equity transactions with a share price of $1.00 or less will be charged either a flat fee of $4.99 per trade or $9.99 per trade, depending upon the pricing tier for which you have qualified. Full commission charges apply for each partial fill except when transacted on the same business day. If you place multiple orders for the same stock on the same day, same side of the market and same exchange, these trades will not be abridged and you will be charged a separate commission fee for each trade executed. A single trade confirmation will be issued to you to reflect these trades, and the commission fees charged with respect to each of these executed trades will be aggregated and displayed on the trade confirmation as one aggregate commission fee. Add $65.00 for telephone representative – assisted trades. U.S. Extended-Hours trades executed through the Scotia iTRADE website are charged the equity commissions set out in the pricing tier + ECN Fee of $0.005 per share.

Fees for U.S. options are charged in U.S. dollars. Full commission charges apply for each partial fill except when transacted on the same business day. Full commission charges apply for each order. Full commission charges apply to each side of spread and combination orders. Add $65.00 for telephone representative – assisted trades. $65 fee will apply, in addition to regular online Equity commissions, to all options assignments and exercises.

 

Note: You may have noticed a small transaction fee that appears on your confirmation slip as an "SEC Fee". This fee is always separate from any commissions or other fees you are charged. The SEC charges a fee at a rate equal to $20.70 per million gross of the total dollar amount of securities sold (other than index-based options, bonds, debentures and other evidences of indebtedness). This SEC Fee is only applied to U.S. sell transactions.

Early redemption fees may be charged by some mutual fund companies. Please refer to the prospectus of each fund for details. "Commission Free" refers to Scotia iTRADE's brokerage commission for online trade execution only. Does not take into account fees, charges, expenses or commissions imposed by the fund companies, all of which can be associated with mutual fund investments. You should carefully consider the fund's investment objectives, risks, fees, charges, expenses and commissions before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing. Funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund charges imposed by the fund companies are in addition to the above fees. The minimum purchase amount for all money market funds is $5,000. All other funds are subject to minimum purchase and redemption amounts as outlined in the prospectus or $1,000, whichever is greater. Switch orders are only permitted within the same load type & family of funds. Add $65.00 for telephone representative – assisted trades. Add $65 per fund per quarter per account for mutual funds not distributed by Scotia iTRADE.

Pricing applies to secondary market trades conducted online through Scotia iTRADE only. Minimum commission of $24.99 applies to each trade. Add $65.00 for telephone representative – assisted trades. Foreign exchange fees will be applied to trades involving securities that are denominated in a currency other than the currency of the account in which the trade is placed. Please see Section 1.7 (“Currency Conversion”) in  Scotia iTRADE Relationship Disclosure Document and Terms and Conditions.

Interest rate is subject to change at any time at Scotia iTRADE's discretion without prior notice. Interest is calculated on the daily average closing balance and is paid/debited monthly.

Fees or charges (excluding interest or commissions charged) relating to services provided by Scotia iTRADE will not be imposed or changed without 60 days prior written notice.

Note: The above fees do not include applicable taxes. GST, HST and provincial taxes will charged where applicable.

All transactions in equities (including ADRs) issued by the companies headquartered in France whose market capitalization exceeds € 1 billion (revalued annually) will be subject to French Financial Transaction Tax at a rate of 0.2% of the total value of the transaction.