Scotia iTrade Rated 3/5

Scotia iTrade Guide - Read our In Depth 2021 Scotia iTrade Review

This Scotia iTrade review was written by industry experts with over 20 years of financial experience in Forex trading, Share Dealing.

Benefits of Trading with Scotia iTrade

Scotia iTrade Review 2021 Quick Summary
💰 Min Deposit No minimum deposit
👱‍♂️ Used By 10,000 Scotia iTrade users and traders
📆 Founded 2008
🌍 HQ Canada
👮‍♂️ Regulation Investment Industry Regulatory Organization of Canada (IIROC)
🚫 Excluded Countries Scotia iTrade is not available in the following countries :

Open Scotia iTrade's Website

Your capital is at risk


learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.

What is Scotia iTrade?

Scotia iTrade are a global online financial trading platform and multi asset broker founded in 2008

Over 13 years later Scotia iTrade has grown to offering retail investors Forex trading, and Share Dealing trading.

Scotia iTrade are a global broker. Scotia iTrade have a head office in Canada.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Scotia iTrade review and assess how well the Scotia iTrade platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Scotia iTrade can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Scotia iTrade we breakdown the pros and cons. What Scotia iTrade are able to offer, what countries Scotia iTrade are available in. Who Scotia iTrade are regulated by and more.

Scotia iTrade Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Scotia iTrade review useful.

This review of the Scotia iTrade platform is very detailed. If you are interested in trading with Scotia iTrade in any capacity please take the time to read and research the whole Scotia iTrade review.

We have tried to explain the ins and outs of financial trading through the Scotia iTrade platform as plainly as possible so that you the trader are as informed as possible before you start to use the Scotia iTrade trading tools and depositing and withdrawing funds from Scotia iTrade.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Scotia iTrade like Forex trading, and Share Dealing trading. you should have confidence in Scotia iTrade and know that the management of your financial investments on the Scotia iTrade platform are in good hands.

At the bottom of this Scotia iTrade review you can also learn about some pretty good alternatives to Scotia iTrade

With this Scotia iTrade review we hope to help you see if Scotia iTrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Scotia iTrade that will help you get off to a good start in the world of online trading.

Scotia iTrade Review Table of Contents

Scotia iTrade review
Scotia iTrade is a Multi-Assets Trading Platform with over 201+ Assets

Learn more about Scotia iTrade. Scotia iTrade is a multi asset platform with 201+ tradable Assets. Assets available on Scotia iTrade include Forex trading, Share Dealing.

Scotia iTrade trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Share Dealing are considered financial assets.

Features of Scotia iTrade

Scotia iTrade review
What you should know

Scotia iTrade offer two ways to trade: Forex trading, Share Dealing.

With Scotia iTrade you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Scotia iTrade platform.

Scotia iTrade are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Scotia iTrade safe?

When choosing a broker like Scotia iTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 13 years Scotia iTrade have a head office in Canada.

Scotia iTrade is regulated. This means Scotia iTrade are supervised by and is checked for conduct by the Investment Industry Regulatory Organization of Canada (IIROC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Scotia iTrade, this will be honored. If Scotia iTrade violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Scotia iTrade?

Any payments funded to Scotia iTrade accounts by traders are held in a segregated bank account.

For added security Scotia iTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Scotia iTrade use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Scotia iTrade deposited in a Tier 1 bank?

Having any money you deposit with Scotia iTrade means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Scotia iTrade goes out of business for some reason.

Therefore, we can safely conclude that Scotia iTrade is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Scotia iTrade also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Scotia iTrade. let us look at the Scotia iTrade features in more detail.

Try creating two accounts when you are working with Scotia iTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Scotia iTrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Scotia iTrade as a Company Compare Against Other Brokers

Broker scotiaitrade eToro XTB IC Markets
Year Established 2008 2007 2002 2007
Head Office Canada Cyprus, UK Poland Australia
Regulation Investment Industry Regulatory Organization of Canada (IIROC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ Scotia iTrade users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Scotia iTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

Scotia iTrade review
Scotia iTrade Pros and Cons

What we like about Scotia iTrade

  • Used by over 10,000 Scotia iTrade users and traders
  • Established in 2008
  • Regulated by Investment Industry Regulatory Organization of Canada (IIROC)
  • Min. deposit from $0

What we don't like about Scotia iTrade

Scotia iTrade review
Scotia iTrade Regulation and Licensing in more detail

We have checked and Scotia iTrade is regulated and supervised by reputable organisations. You are able to check every Scotia iTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Scotia iTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Scotia iTrade traders and provide a safe trading environment. Financial regulation and license approval is essential.

Scotia iTrade is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Scotia iTrade you should be sure they're legitimate online agent.

Is Scotia iTrade Global?

Yes, Scotia iTrade is global as Scotia iTrade is available in over 194 countries.

Scotia iTrade is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Scotia iTrade covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Scotia iTrade has a total of more than 10,000 users.

Scotia iTrade review
Scotia iTrade Fees Explained

  • Scotia iTrade withdrawal fees varies on payment method
  • Scotia iTrade does charge a fee for inactive accounts.
  • Scotia iTrade does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Scotia iTrade Fees Compare Against Other Brokers

Broker scotiaitrade eToro XTB IC Markets
Min Deposit 0 200 0 200
Withdrawal Fees varies Yes varies No
Inactivity Fees Yes Yes No
Deposit Fees No No Varies
CFD Commission Fees Yes Yes Yes

Scotia iTrade Minimum Deposit

Scotia iTrade do not require a minimum desposit when opening a Scotia iTrade trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Scotia iTrade Withdrawal Fees

Scotia iTrade withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

Scotia iTrade for example allow you to withdraw your funds to Credit cards, PayPal, Skrill, Neteller.

Scotia iTrade Inactivity Fees

Scotia iTrade does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Scotia iTrade Desposit Fees

Scotia iTrade does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Scotia iTrade Commission Fees

Scotia iTrade does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Scotia iTrade review
What can you trade with Scotia iTrade?

Be aware that Different entities under Scotia iTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Scotia iTrade over 201 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets Scotia iTrade offer over currency pairs.

Compare Scotia iTrade with eToro and XTB below.

Your capital is at risk

How Scotia iTrade Trading Options Compare Against Other Brokers

Broker scotiaitrade eToro XTB IC Markets
Instruments Available 201 2000 4000 232
Platforms Mac,Desktop,WEB Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 50 57 65
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 21 19
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 1696 110
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Scotia iTrade
Your capital is at risk
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit IC Markets
Losses can exceed deposits

Scotia iTrade review
Trading on Scotia iTrade web platforms and other applications

Scotia iTrade offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An Scotia iTrade IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Scotia iTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Scotia iTrade's platforms

Is the Scotia iTrade Trading Platform Secure?

Scotia iTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Scotia iTrade also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Scotia iTrade.

Scotia iTrade Trading Platform Options

Scotia iTrade does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Scotia iTrade offer an their own custom trading platform developed and tested in house. The Scotia iTrade trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades.

The Scotia iTrade platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.

With Scotia iTrade you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Scotia iTrade platform including news and quotes. Discover possible trades with the strong charting tools found with Scotia iTrade. Scotia iTrade is available as downloadable applications or online through the cloud. Monitor your orders with Scotia iTrade and receive breaking news in your positions.

Scotia iTrade Trading benefits

  • Low min deposit

Scotia iTrade Trading Accounts Offered

Below we give an overview on the account types that Scotia iTrade offer. Whatever you are looking to trade the varying Scotia iTrade account types will be able to provide you with what you need.

  • Demo account
  • Standard account

Can I try Scotia iTrade before I buy?

Scotia iTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Scotia iTrade withdrawal and funding methods

Please note that the list of Scotia iTrade payment methods below depend on the Scotia iTrade Entity and the Clients Country of Residence.

All available Scotia iTrade payment methods available to you can be found in your Scotia iTrade members area checked on the Scotia iTrade website.

Scotia iTrade offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Scotia iTrade

Scotia iTrade Payment Methods

  • Scotia iTrade accepts Credit cards
  • Scotia iTrade accepts PayPal
  • Scotia iTrade accepts Skrill
  • Scotia iTrade accepts Neteller
Broker scotiaitrade eToro XTB IC Markets
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes No
Neteller Yes Yes Yes Yes

*please note available Scotia iTrade and other broker payment methods depend on the clients country of residence.

How can I start trading with Scotia iTrade?

When opening a trading account with Scotia iTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Scotia iTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of Scotia iTrade onboarding and normal KYC identity checks. These checks are standard practice and help Scotia iTrade provide a safe financial environment for their 10,000 users.

Your capital is at risk

Performing trades with Scotia iTrade

Scotia iTrade allow you to execute a minimum of trade of $ 4.99. This may vary depending on the account you open. Scotia iTrade allow you to execute a maxium trade of varies.

As a market maker, Scotia iTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Scotia iTrade

To trade effectively with Scotia iTrade, it's important to get a have a good understanding of the Scotia iTrade trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Scotia iTrade and externally.

Scotia iTrade offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with Scotia iTrade.

Take time to look around the Scotia iTrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Scotia iTrade

As part of our Scotia iTrade review we review customer service options, response times and Scotia iTrade trading platform problem resolution effectiveness.Scotia iTrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Scotia iTrade have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Scotia iTrade less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Scotia iTrade

We tested the Scotia iTrade live chat and it works well. We sent messages to Scotia iTrade livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Scotia iTrade support in multiple languages in multiple countries. Scotia iTrade where able to resolve our customer issues.

Email Support at Scotia iTrade

We sent several emails to Scotia iTrade and answer times overall were excellent. The fastest response from Scotia iTrade was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Scotia iTrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Scotia iTrade.

Phone Support at Scotia iTrade

We called Scotia iTrade and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Scotia iTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Scotia iTrade team by calling in varying languages. Scotia iTrade made an effort to make sure our queries were answered.

Overall the phone support from Scotia iTrade was okay.

See how Scotia iTrade Support Compares Against Other Brokers

Broker scotiaitrade eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit Scotia iTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

What you will need to open an account with Scotia iTrade

As Scotia iTrade is regulated by Investment Industry Regulatory Organization of Canada (IIROC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Scotia iTrade Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Scotia iTrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Scotia iTrade you can visit the Scotia iTrade trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.scotiaitrade.com/ on July 21, 2021.

Is Scotia iTrade A Good Broker?

We spent over 3 months examining Scotia iTrade in depth. Although we found some very useful aspects of the Scotia iTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Scotia iTrade broker.

  • Scotia iTrade have a good track record of offering Forex trading, Share Dealing.
  • Scotia iTrade has a history of over 13 years.
  • Scotia iTrade has a reasonable sized customer support of at least 10.
  • Scotia iTrade are regulated by Investment Industry Regulatory Organization of Canada (IIROC). This means Scotia iTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Scotia iTrade have regulation from a Tier 1 reputable country.
  • Scotia iTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Scotia iTrade have an international presence in multiple countries. This includes local Scotia iTrade seminars and training.
  • Scotia iTrade are able to hire people from various locations in the world who can better communicate in your local language.

Scotia iTrade Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

Scotia iTrade not quite right?

If after reading this Scotia iTrade review, Scotia iTrade does not fulfill your needs check out these Scotia iTrade Alternatives.

Click here to view the best Scotia iTrade Alternatives

We have spent years researching the best alternatives to Scotia iTrade. Click the links below to learn more.

If you feel some of the above Scotia iTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Scotia iTrade alternatives below.

Related Scotia iTrade Vs Comparisons

We have covered allot in this Scotia iTrade review, If you want to see how Scotia iTrade compares side by side with other brokers check out our Scotia iTrade Vs pages.

If you would like to see how Scotia iTrade stands up against other brokers you can read some of our Scotia iTrade comparisons below. We compare side by side some of our top rated Scotia iTrade versus comparisons. Read our indepth Scotia iTrade VS pages below.

Scotia iTrade review
SCOTIA ITRADE Frequently Asked Questions

Read our detailed Scotia iTrade FAQ Section updated for 2021.

Can I try Scotia iTrade before I buy?

Scotia iTrade offer a demo account so you can try the Scotia iTrade platform with virtual trading before you put down a payment. Virtual trading with Scotia iTrade is zero risk. Learn more here

What funding methods do Scotia iTrade accept?

Please note that the list of payment methods below depend on the Scotia iTrade Entity and the Clients Country of Residence.

Scotia iTrade offer the following funding payment methods Credit cards, PayPal, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is Scotia iTrade safe?

Scotia iTrade are considered safe as they are regulated by and checked for conduct by the Investment Industry Regulatory Organization of Canada (IIROC). Any payments funded to Scotia iTrade accounts by traders are held in a segregated bank account. For added security Scotia iTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Your capital is at risk

Is Scotia iTrade trading good?

Scotia iTrade is considered good and reputable to trade with Scotia iTrade. Scotia iTrade is used by over 10,000 active traders and Scotia iTrade users. Scotia iTrade offers Forex trading, and Share Dealing trading. Minimum deposit with Scotia iTrade is 0.

Is Scotia iTrade trading Legit?

Scotia iTrade was founded in Canada in 2008. Scotia iTrade has been facilitating trade on the financial markets for over 13 years. Scotia iTrade offers clients Forex trading, and Share Dealing trading. All funds deposited to Scotia iTrade are held in segregated tier 1 bank accounts for security. Scotia iTrade is regulated by Investment Industry Regulatory Organization of Canada (IIROC) so can be considered legit.

Is Scotia iTrade a good broker?

Scotia iTrade is overseen by the top tier financial regulators Investment Industry Regulatory Organization of Canada (IIROC) so can be considered a good broker. Scotia iTrade allows Forex trading, and Share Dealing trading.

Is Scotia iTrade trustworthy broker?

Scotia iTrade can be considered trustworthy. All money funded to Scotia iTrade is placed into a segregated tier 1 bank account. this means your money in not held by Scotia iTrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Scotia iTrade is regulated by Investment Industry Regulatory Organization of Canada (IIROC).

What is the minimum deposit for Scotia iTrade?

The minimum deposit to trade with Scotia iTrade is 0.

How long do Scotia iTrade withdrawals take?

Withdrawing money from Scotia iTrade processing time varies but averages 2-5 days.

Is Scotia iTrade regulated?

Scotia iTrade is regulated by Investment Industry Regulatory Organization of Canada (IIROC). Regulatory bodies conduct regular reviews and audits as part of Scotia iTrade maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Scotia iTrade a market maker?

Scotia iTrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Scotia iTrade?

When opening a trading account with Scotia iTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Scotia iTrade trading platforms here.

Is my money safe with Scotia iTrade?

Scotia iTrade is regulated by Investment Industry Regulatory Organization of Canada (IIROC). One of the most important criteria for traders when choosing a broker like Scotia iTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Scotia iTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Scotia iTrade a con?

Scotia iTrade is regulated and well established having been in business for over 13 years. Scotia iTrade is definitely not a con.

Can you make money with Scotia iTrade?

Although traders have had great success with Scotia iTrade. Trading on the financial markets with Scotia iTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Scotia iTrade have fees?

Scotia iTrade withdrawal fees varies on payment method.Scotia iTrade does charge a fee for inactive accounts. Scotia iTrade does charge deposit fees.

When was Scotia iTrade founded?

Scotia iTrade was founded in 2008.

How many people use Scotia iTrade?

Scotia iTrade is used by over 10,000 registered Scotia iTrade users.

What is Scotia iTrade Headquarters country?

Scotia iTrade has its head quarters office in Canada.

Does Scotia iTrade offer negative balance protection?

Scotia iTrade does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Scotia iTrade offer guaranteed stop loss?

Scotia iTrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Scotia iTrade allow scalping?

Scotia iTrade does not offer scalping.

Does Scotia iTrade allow hedging?

Scotia iTrade does not offer hedging.

Does Scotia iTrade offer CFD trading?

Scotia iTrade does not offer CFD trading.

Does Scotia iTrade offer STP?

Scotia iTrade does not offer STP trading.

How many people use Scotia iTrade?

Scotia iTrade is used by over 10000 Scotia iTrade users and traders.

Is Scotia iTrade an ECN broker?

Scotia iTrade does not offer ECN trading.

Does Scotia iTrade offer a demo account?

Scotia iTrade offers a demo account.

Does Scotia iTrade offer an Islamic account?

Scotia iTrade does not offer Islamic accounts.

What are the funding methods for Scotia iTrade?

Please note that funding methods and funding options available with Scotia iTrade can be found in the Scotia iTrade Members area and depend on the Scotia iTrade client’s country of residence. Please check your specific available payment methods on the Scotia iTrade website. Scotia iTrade accept the following funding methods : Credit cards, PayPal, Skrill, Neteller.

Scotia iTrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Scotia iTrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Scotia iTrade review written by Mark Hansen of Comparebrokers.co