Scotia iTrade Min Deposit

Adam Rosen - Lead financial writer

Updated 04-Dec-2023

Scotia iTrade Min Deposit

Scotia iTrade has a minimum deposit of 0 USD. Minimum deposits vary depending on the type of trading account you require from Scotia iTrade and your location. If you do not meet the minimum trading account requirements of Scotia iTrade, you will not be able to place live trades. Check if the accessibility of the Scotia iTrade trading applications for desktop and mobile devices, range of tradable financial instruments and level of financial regulation and customer service options on offer from Scotia iTrade before depositing to a live Scotia iTrade trading account.

What is meant by the term "minimum deposit" On Scotia iTrade?

When opening an account with a financial institution like the Scotia iTrade brokerage firm, there is typically a required minimum amount of money, also known as an initial deposit or minimum deposit required by Scotia iTrade to open a live trading account. Financial service companies like Scotia iTrade will typically require that when you open an account with them you will need to fund your trading account by making what is known as a "minimum deposit", which refers to a predetermined amount of money.

The amount of money that must be placed into a Scotia iTrade account before it can be opened and ready to place live buy or sell orders on live financial markets, this is standard practice with brokerage firms like Scotia iTrade, is referred to as the minimum deposit or initial deposit on Scotia iTrade.

Trading accounts with broker accounts like Scotia iTrade that provide premium services to traders typically have higher minimum deposits, whereas products aimed at a mainstream audience typically have lower minimum deposits in order to attract new customers to platforms like Scotia iTrade. In general, higher minimum deposits are associated with premium trading services like more indepth financial market data, more technical analysis tools and access to VIP service trading features on Scotia iTrade.

The Process Behind Scotia iTrade Required Minimum Deposits

The amount of the minimum deposit for brokers like Scotia iTrade varies widely from one trading platform to the next and can range from $0 - $10,000 with some brokers and trading platforms. Scotia iTrade has a minimum deposit requirement of 0 USD and is aimed at more mainstream traders.

When Scotia iTrade customers are required to make minimum deposits to activate their trading accounts, it helps Scotia iTrade ensure that the revenues generated from a customer's broker account will be sufficient to cover the administrative costs and other overheads associated with Scotia iTrade servicing that customer's live trading account. In most cases, the minimum deposit requirements for premium trading products are significantly higher than those for mass-market offerings like Scotia iTrade, which typically have lower minimum deposit requirements.

Compare Scotia iTrade Minimum Deposits Against Other Brokers

Traders looking at Scotia iTrade, who want access to more advanced trading features may be required to make higher minimum deposits. The additional trading features from Scotia iTrade or from more premium trading accounts may help a traders investment strategy. If these premium trading features are not requires trading accounts with lower or no min deposit requirements may be sufficient. Check to see how Scotia iTrade compares with other brokers in terms of trading features and minimum deposits.

Deposit Fees for Scotia iTrade Trading Accounts and the Various Methods of Funding

The different types Scotia iTrade fees and funding methods available to The different types Scotia iTrade fees and funding methods available to traders customers. Funding methods available to Scotia iTrade clients include Credit cards, PayPal, Skrill, Neteller.

Wire transfers with Scotia iTrade typically take between two and seven days to complete to Scotia iTrade client accounts, whereas deposits made using credit cards, debit cards, and online wallets to and from Scotia iTrade are typically instant and are finished within a few hours. The Scotia iTrade fees that you are charged by Scotia iTrade are determined by the 3rd party processing fees that are associated with the bank or third-party payment provider that you use to send money.

Scotia iTrade Trading Account Base Currencies

Scotia iTrade trading accounts support base currencies.

Each Scotia iTrade trading account is assigned a base currency, which indicates the money that you deposit with the Scotia iTrade trading platform will be held in that particular currency. Some online brokers provide trading accounts like Scotia iTrade in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen). When moving money to Scotia iTrade there may be a currency conversion fee for Scotia iTrade clients if the base currency of your payment method differs from the base currency of you Scotia iTrade account.

Who Are Scotia iTrade Regulated By?

Scotia iTrade are regulated by Investment Industry Regulatory Organization of Canada (IIROC).

How to Get Started with Opening a Scotia iTrade Trading Account

If you are thinking about opening a new Scotia iTrade trading account, you need to make sure that you are aware of the Scotia iTrade minimum deposit requirements and that you have read Scotia iTrade brokerage terms, checked their financial regulation and are happy that Scotia iTrade is the most suitable for the financial instruments and trading strategy that you intend to action using Scotia iTrade.

Collect The Necessary KYC Documents To Sign Up With Scotia iTrade

When signing up with Scotia iTrade you are required to provide certain personal information, such as your date of birth, proof of ID and address in order to open a Scotia iTrade account. This is a requirement of financial regulators that Scotia iTrade are monitored by. Typically, you will be required to upload a photo of your identification card to Scotia iTrade in order to pass Scotia iTrade KYC verification. You will need a valid email address and phone number to open a trading account with Scotia iTrade.

Age Requirements Of Using The Scotia iTrade Trading Platform

You have to be at least 18 years old to sign up with Scotia iTrade. As part of Scotia iTrade financial regulatory requirements Scotia iTrade are only allowed to offer trading services to those legally classed as adults.

Complete the application for Your Scotia iTrade Trading Account

You will be able to complete your Scotia iTrade registration online. Make sure the information you provide to Scotia iTrade is accurate.

The bare minimum required to open a Scotia iTrade trading account of 0 USD will need to be deposited to place live trades with Scotia iTrade.

If there is a minimum monthly deposit or minimum balance with Scotia iTrade, you must always ensure that you are in compliance with Scotia iTrade account requirements. You can fund Scotia iTrade with Credit cards, PayPal, Skrill, Neteller.

It is possible that your Scotia iTrade deposit will not appear on your Scotia iTrade brokerage account until after a few days have passed. Scotia iTrade will typically send you an email to confirm that they have received your deposit and your Scotia iTrade trading account is live.

How Does The Scotia iTrade Minimum Deposit Compare Against Other Brokers?

  • Scotia iTrade Broker Min Deposit

    Visit Scotia iTrade

    Scotia iTrade Minimum Deposit: 0 USD

    🀴 Scotia iTrade is Used By: 10,000
    ⚑ Scotia iTrade is Regulated by: Investment Industry Regulatory Organization of Canada (IIROC)

    πŸ’΅ What You Can Trade with Scotia iTrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
    πŸ’΅ Instruments Available with Scotia iTrade: 201

    πŸ“ˆ Scotia iTrade Inactivity Fees:
    πŸ’° Scotia iTrade Withdrawal Fees: varies
    πŸ’° Scotia iTrade Payment Methods: Credit cards, PayPal, Skrill, Neteller,
    πŸ’° Scotia iTrade Account Base Currencies:

    Scotia iTrade Risk warning : Your capital is at risk

  • IC Markets Broker Min Deposit

    Visit IC Markets

    IC Markets Minimum Deposit: 200 USD

    🀴 IC Markets is Used By: 180,000
    ⚑ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
    πŸ’° IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD

    IC Markets Risk warning : Losses can exceed deposits

  • Roboforex Broker Min Deposit

    Visit Roboforex

    Roboforex Minimum Deposit: 10 USD

    🀴 Roboforex is Used By: 10,000
    ⚑ Roboforex is Regulated by: Financial Services Commission (FSC) License 000138/437

    πŸ’΅ What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with Roboforex: 100

    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
    πŸ’° Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
    πŸ’° Roboforex Account Base Currencies: USD, EUR, CNY, XAU

    Roboforex Risk warning : Losses can exceed deposits

  • AvaTrade Broker Min Deposit

    Visit AvaTrade

    AvaTrade Minimum Deposit: 100 USD

    🀴 AvaTrade is Used By: 200,000
    ⚑ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
    πŸ’° AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD

    AvaTrade Risk warning : 71% of retail CFD accounts lose money

  • FP Markets Broker Min Deposit

    Visit FP Markets

    FP Markets Minimum Deposit: 100 USD

    🀴 FP Markets is Used By: 10,000
    ⚑ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)

    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
    πŸ’° FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD

    FP Markets Risk warning : Losses can exceed deposits

  • NordFX Broker Min Deposit

    Visit NordFX

    NordFX Minimum Deposit: 10 USD

    🀴 NordFX is Used By: 10,000
    ⚑ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

    πŸ’΅ What You Can Trade with NordFX: Forex, Majors, Metals,
    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
    πŸ’° NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
    πŸ’° NordFX Account Base Currencies: USD, EUR

    NordFX Risk warning : Losses can exceed deposits

  • XTB Broker Min Deposit

    Visit XTB

    XTB Minimum Deposit: 0 USD

    🀴 XTB is Used By: 250,000
    ⚑ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
    πŸ’° XTB Withdrawal Fees: No
    πŸ’° XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
    πŸ’° XTB Account Base Currencies: USD, GBP, EUR

    XTB Risk warning : 74% 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.

  • Pepperstone Broker Min Deposit

    Visit Pepperstone

    Pepperstone Minimum Deposit: 200 USD

    🀴 Pepperstone is Used By: 89,000
    ⚑ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
    πŸ’° Pepperstone Withdrawal Fees: No
    πŸ’° Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
    πŸ’° Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD

    Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

  • XM Broker Min Deposit

    Visit XM

    XM Minimum Deposit: 5 USD

    🀴 XM is Used By: 3,500,000
    ⚑ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
    πŸ’΅ Instruments Available with XM: 1000

    πŸ“ˆ XM Inactivity Fees: Yes
    πŸ’° XM Withdrawal Fees: No
    πŸ’° XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
    πŸ’° XM Account Base Currencies:

    XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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.

  • eToro Broker Min Deposit

    Visit eToro

    eToro Minimum Deposit: 50 USD

    🀴 eToro is Used By: 20,000,000
    ⚑ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with eToro: 2000

    πŸ“ˆ eToro Inactivity Fees: Yes
    πŸ’° eToro Withdrawal Fees: Yes
    πŸ’° eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
    πŸ’° eToro Account Base Currencies: USD

    eToro Risk warning : 76% of retail investor accounts lose money when trading CFDs with this provider.

  • FXPrimus Broker Min Deposit

    Visit FXPrimus

    FXPrimus Minimum Deposit: 100 USD

    🀴 FXPrimus is Used By: 10,000
    ⚑ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXPrimus: 130

    πŸ“ˆ FXPrimus Inactivity Fees: No
    πŸ’° FXPrimus Withdrawal Fees: Varies
    πŸ’° FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
    πŸ’° FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN

    FXPrimus Risk warning : Losses can exceed deposits

  • easyMarkets Broker Min Deposit

    Visit easyMarkets

    easyMarkets Minimum Deposit: 100 USD

    🀴 easyMarkets is Used By: 142,500
    ⚑ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
    πŸ’° easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR

    easyMarkets Risk warning : Your capital is at risk


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