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Email this8:23 am
April 6, 2013
Offline
Scotia iTRADE is running a cash-or-free-trades offer for new money:
| Funding Requirement | Cash +$6.99 pricing |
OR |
Free Equity Trades |
| $5,000 - $9,999 | $25 | 10 | |
| $10,000 - $24,999 | $50 | 20 | |
| $25,000 - $49,999 | $100 | 50 | |
| $50,000 - $99,999 | $200 | 100 | |
| $100,000 - $249,999 | $400 | 200 | |
| $250,000 - $499,999 | $750 | 300 | |
| $500,000 - $999,999 | $1,000 | 400 | |
| $1,000,000 + | $1,500 | 500 |
Open new account (with offer code C20 or FT20) or enroll existing accounts by February 29, 2020. Transfer the new money in by March 31 and keep in the accounts until June 30.
Fine print says existing clients qualify. However, the online page for existing clients to enroll is missing! 
I called the toll-free number and confirmed that existing clients qualified. The agent enrolled my existing accounts in the offer.
9:38 am
October 27, 2013
Offline
I see this as a market test of which option might be most attractive for possible changes in their commission structure and who it attracts.
5:59 pm
April 6, 2013
Offline
I don't think Scotia iTRADE is considering $0 commissions. It would be a challenge for them to sustain their platforms for $0 instead of $4.99 or $9.99 per trade.
The offer for free trades only covers trades within 90 days of the funding the account.
6:11 pm
October 27, 2013
Offline
I think they are testing the appetite for lower commissions. Not necessarily zero.
Personally I have zero issue with $10 commissions. If one cannot manage a portfolio on $10 commissions, it is time to leave it to the professionals.
Please write your comments in the forum.