Pricing & Fees
Our competitive pricing is simple and clear, with no hidden fees. Whether you’re a new or active investor, you’ll receive value for all your investing needs.
New clients get up to $10,000 cash and $4.99 stock and ETF commission pricing when they open and fund a Scotia iTRADE account*.
- Commissions
- Registered account fees
- Investment account fees
- Administration fees
- Professional user fees
Commissions & fees
Stocks***, ETFs and options
Trades | Equities1 | Options2 |
---|---|---|
150+ trades/quarter* | $4.99 | $4.99 + $1.25/contract |
Less than 150 trades/quarter | $9.99 | $9.99 + $1.25/contract |
+$65 for trades placed with a telephone representative |
Mutual funds3
Buy, Sell & Switch Orders3 |
|
---|---|
Placed Online3 |
$9.99 |
+ $65 for trades placed with a telephone representative |
|
High Interest Savings Account & Money Market Funds $0 |
Fixed income securities
Fixed Income (Online Secondary Market)4 |
|
---|---|
Placed Online4 |
$1 per $1,000 Face Value** |
Placed by telephone representative4 |
$1 per $1,000 Face Value** |
Exchange Traded Debentures4 |
|
Placed Online4 |
$1 per $1,000 Face Value** |
Placed by telephone representative4 |
$1 per $1,000 Face Value** |
Interest rates†
Accounts | CAD $5 | U.S. $5 |
---|---|---|
Cash Optimizer Investment Account | 0.25% | 0.25% |
Prime Rate | 5.95% | 7.75% |
- Please note: The Canadian & U.S. dollar prime rates were updated on October 24th and November 8th, 2024 and both are subject to change without notice.
- Cash Optimizer Investment Account rates applies to existing clients only
- The Cash Optimizer Investment Account is not available to open for new clients
Debit balance | Margin CAD $ | Margin US $ |
---|---|---|
Premium Rate for iClub Platinum | ||
$0 – $24,999 | P + 1.25 | P + 1.25 |
$25,000 – $99,999 | P + 1.25 | P + 1.25 |
$100,000+ | P + 1.20 | P + 1.20 |
Premium Rate for iClub Gold | ||
$0 – $24,999 | P + 1.50 | P + 1.50 |
$25,000 – $99,999 | P + 1.45 | P + 1.45 |
$100,000+ | P + 1.25 | P + 1.25 |
Standard Rate | ||
$0 – $24,999 | P + 1.65 | P + 1.65 |
$25,000 – $99,999 | P + 1.60 | P + 1.60 |
$100,000+ | P + 1.55 | P + 1.55 |
Debit balances in registered accounts will be charged interest at P + 5.00. Debit balances in non-registered cash accounts will be charged at the same rate as margin accounts.
There is no interest paid on cash balances in any Scotia iTRADE accounts other than in Cash Optimizer Investment Accounts.
Scotia iTRADE's interest rates are subject to change at Scotia iTRADE's discretion without prior notice.
Debit balances in registered accounts will be charged interest at P + 5.00. Debit balances in non-registered cash accounts will be charged at the same rate as margin accounts.
Scotia iTRADE's interest rates are subject to change at Scotia iTRADE's discretion without prior notice. Margin interest rates were last updated February 22, 2016.
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 $27.80 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.
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.