Wealthsimple Trade vs Scotia iTrade

Updated 4 Aug 2022
Wealthsimple Trade
Scotia iTrade
Description
With its powerful financial tools, Wealthsimple can be considered one of the leading robo advisors in Canada.Advanced tools and in-depth research to help your investments grow.
Basics
Account Funding Options
Bank transferBank transfer, Electronic funds transfer, Transfer authorization request
Advisory Services
YesNo
Apps
Android, iOSAndroid, iOS
Company Founded
20141996
Company Headquarters
Toronto, CanadaToronto, Canada
Minimum Age
18 years18 years
Minimum Deposit
$0.00$0.00
Minimum Trade
$0 (Basic account)$0
Regulator
IIROC, FCAIIROC
Signup Bonus Gift
Get a free stock when you open and fund your account. Terms and Conditions apply.None
Trading
Copy Trading
NoNo
Crypto Trading
YesNo
cTrader Trading
NoNo
ETF Trading
YesYes
Forex Trading
NoNo
Fractional Share Trading
YesNo
Futures Trading
NoNo
International Markets Trading
YesYes
MetaTrader 4 Trading
NoNo
MetaTrader 5 Trading
NoNo
Mutual Funds Trading
NoYes
Options Trading
NoYes
OTCBB / Pink Sheets
NoNo
Paper Trading
YesYes
Penny Stock Trading
YesYes
Social Trading
NoNo
Stock Trading
YesYes
Tradable Assets
Cryptocurrencies, ETFs, StocksBonds, Equities, ETFs, GICs, New Issues, Mutual Funds, Options
Tradable Markets
NASDAQ, NYSE, TSXNASDAQ, NYSE, TSX
Fees
Broker Assisted Trades Fee
$45.00$65.00
Brokerage Fee
$0.00$4.99
Domestic Wire Transfer Fee
$30.00$25.00
ETF Trade Fee
$0.00$0.00
Funds Withdrawal Fee (Partial)
$0.00$150.00
Funds Withdrawal Fee (Full)
$0.00$150.00
International Wire Transfer Fee
$30.00$25.00
Mutual Fund Trade Fee
N/A$0.00
Options (Base Fee)
N/A$4.99
Options (Per Contract Fee)
N/A$1.25
Paper Confirmation Fee
N/AN/A
Paper Statement Fee
$20.00$3.00
Returned Wire Fee
N/A$25.00
Spread
N/AN/A
Stock Certificate Delivery Fee
N/AN/A
Stock Certificate Processing Fee
N/A$100.00
Stock Trade Fee
$0.00N/A
Order types
Order Type (Contingent)
NoNo
Order Type (Limit)
YesYes
Order Type (Market)
YesYes
Order Type (One Cancels The Other)
NoNo
Order Type (One Triggers and One Cancels The Other)
NoNo
Order Type (Stop)
NoNo
Order Type (Trailing Stop)
NoNo
Customer service
24/7 Support
YesNo
Email Support
YesYes
Live Chat Support
YesNo
Phone Support
YesNo

As seen on

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