Scotia iTRADE®

*Conditions apply. Offer valid for new and existing Scotia iTRADE® clients and applies to new or existing accounts.

How to Qualify for the tiered cash + free trades offer

If you
(i) open and enroll in this offer with one or more new or existing Scotia iTRADE account(s) (each, an “Account”) by September 12th, 2025 and fund the Account(s) by October 3rd, 2025 with at least the equivalent of CAD $2,500/$5,000/$25,000/$50,000/$250,000/$500,000/$1,000,000/$2,000,000+ with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account held at a financial institution outside of the Scotiabank Group of Companies, as defined below (“External Transfer-in”) and
(ii) then maintain the Qualifying Amount in assets that you deposited in your Account(s) (subject to the Qualifying Amount calculation condition) during the entire period starting on the later of June 16, 2025 and the date of funding the Account(s) and ending on April 30th, 2026, then an amount equal to CAD $75/$125 /$250 /$400 /$600 /$1,200 /$2,500 /$5,000 (respectively, based on the Qualifying Amount funded, subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by May 29th, 2026. The cash reward will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.

In addition to the cash reward, you will receive a rebate for the commissions associated with 20/35/50/65/100/150/300/500 eligible commissionable trades, up to a maximum of $9.99 per trade. The rebate relating to options will be applied to base commissions only. The rebate will be applied to the account in which you have placed the trades, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) by May 29, 2026.

Eligible commissionable trades include stocks, ETFs, Mutual funds, fixed income and options placed across all client’s Scotia iTRADE accounts from the date of funding the account with the minimum equivalent of CAD $2,500 till April 30, 2026.
Any transfers-in from an account within the Scotiabank Group of Companies are excluded from this offer.
“Scotiabank Group of Companies” means The Bank of Nova Scotia and all of its subsidiaries and affiliates (including, but not limited to, Scotiatrust®, ScotiaMcLeod®, Scotia iTRADE, Private Investment Counsel, 1832 Asset Management L.P., MD Financial Management, Jarislowsky, Fraser Limited and Tangerine).

The more you invest, the more you can receive^*.

Trading Commissions

• Equities (Canadian & U.S. stocks, ETFs)
• • Standard: $9.99 per online trade
  • Active Trader: $4.99 per trade (150+ commission-generating trades/quarter)
  • Telephone-assisted trades: +$65 per trade
  • U.S. extended-hours: Equity commission + $0.005 per share ECN fee
• Options
• • Standard: $9.99 base + $1.25 per contract
  • Active Trader: $4.99 base + $1.25 per contract (150+ trades/quarter)
  • Telephone-assisted: +$65 per trade

Mutual Funds & Commission-Free ETFs

• Mutual Funds (online Trades): $9.99 per trade; telephone-assisted +$65
• Money Market Funds: $0 commission
• Commission-Free ETFs: Over 100 US & Canadian ETFs with $0 commission

Fixed Income & Structured Product Fees

• Fixed-Income (secondary market): $1 per $1,000 face value (min $24.99, max $250); +$65 telephone-assisted
• Exchange-Traded Debentures: Same fee structure
• International trades: Minimum $250 per trade, varies by market
• Gold/Silver/Platinum certificates: USD $39.95 min

Account Service Fees

• Account transfer in/out: No fee in, $150 per transfer out
• Account closure: No fee
• Certificate deposit: $100 each; withdrawal: $100 standard / $300 rush; safekeeping: $50/month
• Registered account admin (RSP, RIF, LIRA, LIF):
• • Waived if ≥ $25,000 in assets or ≥12 commissionable trades/year; else $100/year
• TFSA: No fee
• RESP: No fee if total ≥ $15,000; else $25/year
• U.S.-Friendly RESP: $30/quarter/account

Document & Transaction Fees

• Paper statement: $3 each
• Paper trade confirmation: $2 each
• DRS/certificate rush processing: See certificate fees above
• Foreign exchange: Markup on FX conversions

Other Fees & Notes

• SEC fees apply to U.S. sell transactions (approx. $20.70 per $1M sold)
• Low-activity / unclaimed account fees apply quarterly if conditions unmet
• Interest rates on margin or cash balances subject to change; currency conversion terms in Disclosure docs

Savings & Discounts Opportunities

• Commission waivers:
• • Active Traders (150+ trades/quarter): $4.99 equity/options rate
  • Scotia Wealth clients (Platinum+ iClub): Access to tools & annual admin-fee waivers
• Promotions:
• • 10–20 free trades via StartRight or referral programs

• Must be a Canadian resident
• Must be the age of majority in your province or territory (18 or 19)
• Must have a valid Social Insurance Number (SIN)
• Must provide government-issued photo ID (e.g., driver’s license or passport)
• Non-Scotiabank clients may need a void cheque to link a Canadian bank account
• Application can be completed online, by phone, or at a Scotiabank branch
• Supports personal (cash, margin, joint) and registered (RRSP, TFSA, FHSA, RESP, etc.) accounts
• Corporate/trust accounts require additional documentation and support

🏛️ What Is Scotia iTRADE?

Scotia iTRADE is a self-directed online brokerage platform offered by Scotiabank. It provides Canadian investors with access to a wide range of investment products, robust research tools, and full account integration with other Scotiabank services. It’s well-suited for both beginner and experienced investors looking for a secure, bank-backed trading platform.

📈 Investment Products

• Stocks & ETFs (Canadian & U.S.)
• Options (with strategy support)
• Mutual Funds
• Fixed Income (Bonds, GICs, Debentures)
• Commission-Free ETFs (100+ eligible ETFs)
• IPOs & New Issues (when available)
• Precious Metals (Gold, Silver, Platinum certificates)

🧾 Account Types Offered

• Cash & Margin Accounts
• Registered Accounts: TFSA, RRSP, Spousal RRSP, RESP, FHSA, RRIF, LIF, LIRA
• Joint & Non-Personal Accounts: Corporate, Trust, and Estate

💻 Platform & Tools

• Web and mobile platforms with real-time data
• Advanced screeners for stocks and ETFs
• Charting & technical analysis tools
• Options strategy builder
• Integrated goal planners and portfolio reports
• Access to research from Morningstar, Thomson Reuters, and Scotiabank

💵 Pricing Snapshot

• Equity trades: $9.99 (standard), $4.99 (active traders: 150+ trades/quarter)
• Options: Same base fee + $1.25/contract
• Mutual funds: $9.99 per trade
• Commission-free ETFs: 100+ with no trading fees
• Account fees: TFSA/RRSP fees may apply unless waived by balance/activity

✅ Key Features

• Backed by Scotiabank’s security & infrastructure
• Supports USD accounts for registered plans
• Access to educational webinars and tutorials
• Offers promotions (e.g. free trades, cash bonuses)
• Fully integrated with Scotiabank accounts for easy fund transfers

*Terms and conditions apply. See website for complete details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

General Terms and Conditions

1 - New or existing clients opening a new account must enter the promotional code SUM25 for the cash + free trades offer (if applicable) when submitting the new account application to enroll by September 12th, 2025.
2 - Existing clients who fund an existing account must complete the online form at www.scotiaitrade.com/summer25 by September 12th, 2025 to enroll and fund their account by October 3rd, 2025.
3 - Eligible commissionable trades include stocks, ETFs, Mutual funds, fixed income and options (base commission only) placed across all client’s Scotia iTRADE accounts from the earlier of June 16, 2025 or the date of funding of the account with the minimum equivalent of $2500 till April 30th, 2026.
4 - The reimbursed base commission up to $9.99 per trade will be applied to the account in which you have placed the trade, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) by May 29th, 2026, to a maximum amount of $9.99 per trade.
5 - Non-personal accounts have to be enrolled separately from personal accounts. Once you enroll one or more new personal account(s) all your Scotia iTRADE personal accounts will be considered to be enrolled for the purpose of the Qualifying Amount calculation condition. Once you enroll one or more new non-personal account(s) all your Scotia iTRADE non-personal accounts will be considered to be enrolled for the purpose of the Qualifying Amount calculation condition.
6 - A request to enroll received after September 12th, 2025, will not qualify for this promotion. To qualify for this offer, you must maintain all of your accounts at Scotia iTRADE in good standing, not be in a disallowed debit position and not have any outstanding margin calls due. This offer has no cash redemption value. This offer cannot be transferred or combined with StartRight and Affinity offers or with any targeted special offers run during the same time period when this offer is valid.
7 - For clients enrolled in two overlapping offers (the offer ending April 30th, 2026, and the offer starting June 16th, 2025), for the period between June 16th, 2025 and April 30th, 2026 only, any amounts of transfers-out will be applied to the calculation of the Qualifying Amount for the latest offer, which starts on June 16th, 2025. If the amount of the transfers-out during this period is greater than the amount of transfers-in during this period, then the difference will be applied to the calculation of the Qualifying Amount for the earlier promotional offer.
8 - Clients participating in other Scotia iTRADE offers will receive free trade rebates they are eligible for under the other offers before receiving any free trades they are eligible for under this offer.
9 - For any transfer-in of US funds or US securities, the foreign exchange rate applicable on the date of such transfer-in will be used for calculating the funded amount in Canadian dollars.
10 - RESP Grants, interest, dividends, standard market fluctuations, and account fees will be excluded from calculations used to qualify accounts.
11 - Limited to one offer per client for all such client’s personal accounts and one offer per client for all such client’s non-personal accounts. In case of joint account(s) only the primary account holder will be entitled to receive cash back and free trades.
12 - Scotia iTRADE reserves the right to charge you all or part of the trade commissions, if the conditions of the offer, including but not limited to, the requirement to maintain the appropriate Qualifying Amount in your Account(s) during the Qualifying Period, are not complied with. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion.

There may be tax implications associated with the payment of the cash reward into your Scotia iTRADE account(s). Scotia iTRADE will not be issuing clients a tax slip to report the cash reward paid. You will be solely responsible for any required tax reporting and any tax consequences associated with the offer. Please consult with your accountant or personal tax advisor for more information and additional guidance.
Conditions apply. For full details visit: www.scotiaitrade.com/summer25.

Scotia iTRADE® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Canadian Investment Regulatory Organization and is a member of the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.

®Registered trademark of The Bank of Nova Scotia, used under license.