Scotia iTrade Review: Online Investing for Canadians

Scotia iTrade is the online investment brokerage arm of Scotia Bank Canada. Scotia iTrade over the past few years has become a very popular online trading option for Canadians for a number of reasons. For many Scotia Bank customers they enjoy the ease of having their daily banking accounts linked with a great online discount trading brokerage with lower commissions than most of the other major banks in Canada. Scotia iTrade offers Canadian traders great online investing tools and analysis, and Canadians can open up a variety of investment accounts of there choice. RRSP, RESP, Tax Free Savings, Investment Club, Investment Business accounts and more.

Scotia iTrade Canada Online Investment Trading Commission Rates

Scotia iTrade offers Canadian investors a graduated commission structure based on your quarterly trading volume or you can qualify for a lower commission based on the amount of assets you old with Scotia iTrade. When you first open a trading account with Scotia iTrade Canada you start at the base commission structure of $19.99 If you make 30-149 or more trades in a quarter you will qualify for trade commissions of $9.99 Should you place more than 150 trades in a quarter you will qualify for $6.95 trades. The other way Canadians can qualify for lower trade commissions at Scotia iTrade is carrying a larger balance. Should you have $50,000 in assets during a quarter, you will automatically qualify for the $9.99 trades no matter how many quarterly trades you place in your account. Canadians looking for the best and lowest commission rates should check out Questrade Canada

Scotia iTrade Canada Investment Account Options and Services

At Scotia iTrade Canadians can set up just about any account possible and easily transfer funds between them. Whether you need registered investment accounts like TFSA, RSPs and others or even different business investment accounts or even investment club accounts, Scotia iTrade can accommodate you. Scotia iTrade offers advanced traders some great investment tools, some cost extra others are free. Trade options, precious metals, bonds, IPO's and more all at a competitive margin rate.

Scotia iTrade Customer Service and Contact Information

A good thing about Scotia iTrade is that you have access to customer support over the phone, online or in person at a Scotia Bank Canada branch. Placing trades can be done online through the trading platform, or should you wish to place a trade over the phone, you can do that as well. The branches mainly handle deposits, withdrawals and transfers to and from your Scotia accounts.

Website: www.scotiaitrade.com
Phone: 1-888-TRADE88
Fax: 1-800-569-9470
Email: service@scotiaitrade.com

Mail:
Scotia iTrade
PO BOX 603
Toronto, Ontario
M1K 5C5