Platinum iClub membership

To qualify for the Platinum membership in Scotia iTRADE iClub you must execute at least 150 commission-generating trades per quarter or have at least $1,000,000 in combined Scotia iTRADE account assets. To qualify for the Gold membership in Scotia iTRADE iClub you must execute at least 30 commission-generating trades per quarter or have at least $250,000 in combined Scotia iTRADE account assets.

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 or asset value 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 or asset value 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.

As of October 2, 2023, new and existing clients of Scotiabank® Private Banking, ScotiaMcLeod®, Private Investment Counsel (1832 Asset Management L.P.) and Scotiatrust ® (collectively “Scotia Wealth Management® clients”)  who open a new Scotia iTRADE ® account  for the first time qualify for both of the following benefits:
- Platinum membership in Scotia iTRADE iClub:  i) priority phone line and email inbox;  ii) annual administration fees on registered accounts will be waived regardless of the account balance; and  iii)  free access to Scotia iTRADE active trading platform (Trade Pro)

- Commission rebate for the first 10 commissionable trades: Receive a rebate for the commissions associated with the first 10 online eligible commissionable trades in the first calendar year, and 5 in the second calendar year and thereafter while the Scotia iTRADE client is also a Scotia Wealth Management client.   The rebate relating to options will be applied to base commissions only.

As of October 2, 2023, new and existing  Scotia Wealth Management clients who have an existing Scotia iTRADE account  qualify for both of the following benefits:

-          Platinum membership in Scotia iTRADE iClub:  i) priority phone line and email inbox;  ii) annual administration fees on registered accounts will be waived regardless of the account balance; and  iii)  free access to our active trading platform (Tradepro)

-          Commission rebate for the first 5 commissionable trades : Receive a rebate for the commissions associated with the  first 5 online eligible commissionable trade in the first calendar year and each year thereafter while the Scotia iTRADE client is also  a Scotia Wealth Management client.   The rebate relating to options will be applied to base commissions only.

Free trade rebates:

-          The rebate will be applied to the account in which you have placed the trade, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) within the first 10 business days of the month following the month when the trades were executed.

Platinum membership in Scotia iTRADE iClub: 

-          The membership will be applied to the account  (i) within the first 10 business days of the month following the month  when Scotia iTRADE account was opened for the clients with new Scotia iTRADE accounts,  (ii) within the first 10 business days of the month following when the first Scotia Wealth Management account is opened for new Scotia Wealth Management clients or (iii)  within the first 10 days of the launch of the offer in October 2023 for the existing Scotia iTRADE and Scotia Wealth Management clients.

Eligibility & Exclusions:

·       Eligible commissionable trades include stocks, ETFs and options placed across all Scotia Wealth Management client’s Scotia iTRADE accounts within the calendar year since the later of October 2, 2023 or the time when a client opens a new Scotia iTRADE account.

·       To be eligible, Scotia Wealth Management client can be either the primary or joint account holder of the Scotia iTRADE account. Credits will appear as $4.99 or $9.99 per trade depending on the account trading activity: standard commissions are $9.99, if more than 150 trades are placed per quarter commissions are valued at $4.99 per trade. Trades executed by a Trading Authority in the Scotia iTRADE account are also eligible. Wealth Bundle offer is limited to one per client.

·       Scotia Wealth Management clients must be a primary or joint holder of a Private Banking, ScotiaMcLeod®, Private Investment Council or Scotiatrust® account in good standing on the last business day of the month.

·       Scotia iTRADE accounts must be in good standing on the last day of every month and not be in a disallowed debit position and must not have any outstanding margin calls due.

·       No cash redemption value.

·       This offer can be combined with other Scotia iTRADE offers (excluding Refer-a-Friend and Start Right) unless otherwise specified. Should free trade rebates be awarded in other offers, free trades for this offer will be applied first until fully consumed then free trade rebates will be applied for other offers

·       Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion.

·       Scotia iTRADE reserves the right to charge you all of commission per trade, if the conditions of the offer, including but not limited to, the requirement to remain Scotia Wealth Management clients are not complied with.