Non-registered accounts help you to take advantage of higher interest rates, pay for purchases in cash, or borrow money against the investments in your brokerage account.

When you want to take advantage of higher interest rates on non-invested cash.

Earn even while you decide when and where to invest. Account features include:

  • Earn interest on your non-invested cash from the first dollar on any balance, with no minimum balance requirements1
  • Flexibility because you can hold fixed income, fixed income mutual funds, and money market instruments
  • Available in both Canadian and U.S. dollars

When you intend to pay in full for each purchase with cash.2

The full amount required for all payments for trade purchases must be in your Scotia iTRADE account. Settlement periods vary depending on the securities traded. Funds required for the first trade purchase must be in the cash account before the order is placed.

When you want to borrow money against investments in your account.2

When applying for a margin account, you can also apply to be approved for the following account features:

  • Options Trading3
  • Short Selling

Please note that minimum equity requirements apply to all Margin Accounts.

A risk-free way to boost your investing skills.

With a Practice Account, you’ll get a fictional portfolio worth $100,000 CAD and $100,000 USD of ‘practice’ money, which you can use to enhance your investing skills and test-drive the Scotia iTRADE trading platform.

Enroll for a Practice Account now.

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

Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.

Options involve risk and are not suitable for all investors. Prior to trading any options, please read the Risk Disclosure Statement for Futures and Options, found in the Scotia iTRADE Terms and Conditions brochure.