Scotia iTrade drops commission to industry low

Scotia iTRADE has cut its commission to $4.99, from $6.99 per trade for highly active investors.

“Scotia iTRADE recognizes that highly active investors value platform reliability and speed of execution, as well as up to the minute market news and research,” says Bob Grant, managing director and head, Global Online Brokerage, Scotia iTRADE. “But more importantly, we have not lost sight of the fact that price is a key consideration.”

Read: A progressive approach to fixed income

He adds, “[We are] the first bank-owned online brokerage to offer Canadian direct investors commission-style pricing for fixed income — at $1 per bond.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.