Scotia iTrade
Scotia iTrade is an online stock trading platform owned by Scotiabank. It allows customers to trade stocks, ETFs, options, mutual funds, and fixed income products. Scotia iTrade offers $6.99 equity trades, research tools, customized watchlists, retirement planning, and mobile app
stock-trading
scotiabank
investing
trading
Scotia iTrade: Online Stock Trading Platform
Scotia iTrade offers online stock trading with $6.99 equity trades, research tools, customized watchlists, retirement planning, and mobile apps for various investment products.
What is Scotia iTrade?
Scotia iTrade is an online discount brokerage platform owned and operated by Scotiabank. It provides self-directed investors an accessible way to trade various securities like stocks, bonds, exchange-traded funds (ETFs), options, mutual funds, and guaranteed investment certificates (GICs) through an intuitive website and mobile apps.
Some key features of Scotia iTrade include:
- $6.99 equity trades and low commissions on other securities
- Access to ScotiaMocatta precious metals trading
- Advanced dashboard to monitor watchlists and positions
- Charting with over 50 technical indicators to analyze securities
- A large library of third party research and reports
- Retirement planning tools to develop saving and income strategies
- Real-time streaming quotes and news updates
- Mobile apps for iOS and Android allow quick account access to trade
Scotia iTrade also offers registered accounts like RRSPs, RESPs, TFSAs, LIRAs, and LIFs to Canadian investors that want to save and trade in a tax-advantaged account. New customers can open an account easily online and take advantage of a $50 account opening bonus when funding $1,000 initially.
Scotia iTrade Features
Features
- Online stock trading platform
- Trade stocks, ETFs, options, mutual funds, and fixed income products
- $6.99 equity trades
- Research tools
- Customized watchlists
- Retirement planning
- Mobile apps
Pricing
- Subscription-Based
Pros
Owned by a major Canadian bank, providing trustworthiness and stability
Offers a wide range of investment products
Competitive trading fees
Provides research and analysis tools
Customizable features for personalized trading experience
Cons
Limited international trading options
Higher fees compared to some discount brokers
May have a steeper learning curve for beginner investors
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