Select a main site category.
Skip to page navigation
Skip to main content.
Commissions & Fees
Enjoy great savings when placing trades.
- Commissions starting from as low as $6.99*
- Clear, simple
fixed-income pricing - Commission-free* ETFs
Stock and Options
| Pricing & Qualification | 150+ trades / quarter* | 30+ trades / quarter or $50,000+ in combined Scotia iTRADE account assets* | Less than $50,000 in combined Scotia iTRADE account assets |
|---|---|---|---|
| Equities1 | $6.99 FLAT | $9.99 FLAT | $24.99 (up to 1,000 shares, 3¢/share thereafter) |
| Options2 | $6.99 + $1.25 /contract | $9.99 + $1.25 /contract | $24.99 + $1.75 /contract |
Mutual Funds3
| Commission Free3 Funds | $0 |
Fixed Income Securities
| Fixed Income (Online Secondary Market)4 | $1 per $1,000 Face Value** ($24.99 minimum, $250 maximum) |
| Exchange Traded Debentures4 | $1 per $1,000 Face Value** ($24.99 minimum, $250 maximum) |
Gold, Silver and Platinum Certificates5
| Under USD $100,000 | 1/4 of 1% of trade value |
| Over USD $100,000 | 1/8 of 1% of trade value |
Safekeeping Charges for Certificates Issued by Scotiabank:
| Gold | US $0.0003 per oz per day on first 2000 ozs. US $0.0002 per oz per day on next 8000 ozs US $.00001 per oz per day on any over 10,000 ozs Minimum $5.00 annually |
| Silver | US $0.05 per 50 ozs per month Minimum $5.00 annually |
Fees Charged for Foreign Currency Transactions
If you have funds in one currency and would like to convert them to another, or if you make a trade involving a security which is denominated in a currency other than the currency of the account in which the trade is to settle, a conversion of currency will be required. In all such transactions, Scotia iTRADE will act as principal with you in converting the currency at rates established by us, and may earn revenue on such currency conversion transactions, based on the spread or mark up applied by us to the spot rate charged to us when we purchase or sell currency in the market. For more information on foreign currency transactions, visit our Customer Service area, under the heading "Converting Funds Between Currencies."
U.S. Extended-Hours Orders***
All U.S. Extended-Hours orders placed through the Scotia iTRADE website are charged the regular Equity commissions + ECN Fee of $0.005 per share.
Interest Rates
| Accounts | CAD $6 | U.S. $6 |
|---|---|---|
| Cash Optimizer Investment Account In effect March 8, 2010 |
0.65% | 0.35% |
| Prime Rate As of September 9, 2010 |
3.00% | 3.25% |
Please note: The quoted prime rate is as of September 9, 2010. This rate is subject to change and may do so without prior notice.
| Credit Balance | CAD $ | US $ | Registered (CAD $) |
|---|---|---|---|
| $0 - $9,999 | P - 5.50 | P - 6.00 | 0.00% |
| $10,000 - $49,999 | P - 5.25 | P - 5.50 | 0.00% |
| $50,000 - $99,999 | P - 5.00 | P - 5.25 | 0.00% |
| $100,000+ | P - 3.50† | P - 4.25† | 0.00% |
| Debit Balance | Margin CAD $ |
Margin US $ |
Registered (CAD $) |
|---|---|---|---|
| Account Balance | P + 1.25† | P + 1.25† | P + 5.00 |
Scotia iTRADE's interest rates are subject to change at Scotia iTRADE's discretion without prior notice. Margin interest rates were last updated April 12, 2012.
- † Please call our Customer Service team for current rates at 1-888-872-3388.
- *To qualify for commissions of $6.99 flat per Canadian or U.S. equities trade and $6.99 + $1.25/contract for each options trade, you must, during the immediately preceding calendar quarter, execute at least 150 commission-generating equity or options trades. To qualify for commissions of $9.99 flat per Canadian or U.S. equities trade and $9.99 + $1.25/contract for each options trade, you must, during the immediately preceding calendar quarter, execute at least 30 commission-generating equity or options trades or have a minimum of $50,000 in combined Scotia iTRADE account assets. Commission-generating trades are buys and sells of: Equities, Options, Mutual Funds subject to commissions and Fixed Income instruments. Buys and Sells of GIC's, ETFs which do not generate a commission, Canada Savings Bonds and Provincial Savings Bonds are examples of trades that are not commission-generating. You must re-qualify each calendar quarter. New qualification status will be effective on the second business day of the calendar quarter. Fees for U.S. transactions are charged in U.S. dollars. Market and ECN fees for trades executed using the Scotia iTRADE Pro platform not included.
- ** $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 $45.00 for broker-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 visit scotiaitrade.com, "Help Centre – Converting Funds between Currencies", for more information.
All bonds are subject to risk, including interest rate risk, credit risk and inflation risk. Investors are responsible for their own investment decisions and should carefully evaluate the risks associated with fixed income investments prior to investing. - *** ECN fee still applies to extended hours trades that are executed in regular trading sessions.
- 1 Fees for U.S. transactions are charged in U.S. dollars. Equity transaction with a principal value of less than $2,000 will be charged either a flat fee of $6.99 per trade, $9.99 per trade or $24.99 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 $6.99 per trade, $9.99 per trade or $24.99 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 $45.00 for broker-assisted trades.
The above pricing does not include the market and ECN fees that are applied to all trades executed through the Scotia iTRADE Pro platform. 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. - 2 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. The broker-assisted-equity fee schedule applies to all assignments and exercises. Add $45.00 for broker-assisted trades.
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. This SEC Fee is only applied to U.S. sell transactions. - 3 Scotia iTRADE will charge an early redemption fee of 1% (minimum of $38.88) to your Scotia iTRADE account on the redemption or switch of all mutual funds (other than Scotia Money Market Funds, Dynamic Money Market Funds and Scotia Mutual Funds) held for less than 90 days. Early redemption fees may also 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 $45.00 for broker-assisted trades. Add $50 per fund per quarter per account for mutual funds not distributed by Scotia iTRADE.
- 4 Pricing applies to secondary market trades conducted online through Scotia iTRADE only. Minimum commission of $24.99 applies to each trade. Add $45.00 for broker-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 visit scotiaitrade.com, "Help Centre – Converting Funds between Currencies", for more information.
- 5 Minimum commission of USD$39.95 applies to each trade. Minimum gold and platinum purchase is 10 oz. Minimum silver purchase is 500 oz. Commission charges for trades of Gold, Silver, and Platinum Certificates are charged in U.S. currency. 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 visit scotiaitrade.com, "Help Centre – Converting Funds between Currencies", for more information.
- 6 Annual interest rate in effect April 12, 2012. 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. The above fees are effective as of April 18, 2012.
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.