iTrade Winter Offer Triage | Investing | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
iTrade Winter Offer Triage
November 4, 2023
5:50 am
kesa
Member
Members
Forum Posts: 216
Member Since:
February 14, 2023
sp_UserOfflineSmall Offline
November 4, 2023
7:32 am
althisa
Member
Members
Forum Posts: 106
Member Since:
September 5, 2023
sp_UserOfflineSmall Offline

For an equivalent comparison itrade $100 for $5000
TD $300 for $5000 minimum deposit
https://www.td.com/ca/en/investing/direct-investing/direct-investing-offer

Screen-Shot-2023-11-04-at-10.31.56-AM.png

November 4, 2023
8:17 am
mw
Member
Members
Forum Posts: 38
Member Since:
May 22, 2015
sp_UserOfflineSmall Offline

If I open a TFSA iTrade account, and funding the account from my bank cheque account, it it eligible for the reward ?

or I need direct funding from my existing the other financial institution TFSA direct investing account ? That mean I need submit the CRA transfer form and takes time ?

November 4, 2023
8:21 am
mw
Member
Members
Forum Posts: 38
Member Since:
May 22, 2015
sp_UserOfflineSmall Offline

If I open a TFSA TD DIRECT INVESTING account, and funding the account from my bank cheque account, it it eligible for the reward ?

or I need direct funding from my existing the other financial institution TFSA direct investing account ? That mean I need submit the CRA transfer form and takes time ?

November 4, 2023
10:37 am
Norman1
Member
Members
Forum Posts: 6910
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

The Scotia iTRADE offer allows cash funding of the accounts:

… Offer valid for new Scotia iTRADE® clients and applies to new accounts.

If you

(i) open and enroll in this offer with one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 1, 2024 and fund the New Account(s) by March 31, 2024 with at least the equivalent of CAD $1,000/$5,000/$25,000/$50,000/$100,000/$250,000/$500,000/$1,000,000/$2,000,000 with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account that is not held at Scotia iTRADE and

(ii) then maintain the Qualifying Amount in assets that you deposited in your New Account(s) (subject to the Qualifying Amount calculation condition) during the entire period between March 31, 2024 and June 30, 2024

then

CAD $50/$100/$150/$200/$500/$500/$1,200/$2,300/$4,000 (respectively, based on the Qualifying Amount funded, subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by July 31, 2024. The rebate will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.

If you fund your New Account with the equivalent of CAD $1,000 or more by March 31, 2024 then in addition to the cash reward you will also receive commission pricing of $4.99 flat per Canadian or U.S. equities/ ETF trade and $4.99 + $1.25/contract for each options trade in your New Account(s) until June 30, 2024. New qualification status will be effective weekly on the earlier of every Monday starting on November 20, 2023 to April 3, 2024 after you satisfy all the eligibility requirements for this offer. If you already qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer. …

Slightly different offer of existing clients:

… Offer valid for new and existing Scotia iTRADE® clients and applies to new or existing accounts.
If you

(i) open and enroll in this offer with one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 1, 2024 and fund the New Account(s) by March 31, 2024 with at least the equivalent of CAD $1,000/$5,000/$25,000/$50,000/$100,000/$250,000/$500,000/$1,000,000/$2,000,000 with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account that is not held at Scotia iTRADE
OR enroll your existing account(s) in this offer by March 1, 2024 and transfer cash and/or assets with net value equal to the Qualifying Amount into your existing Scotia iTRADE account(s) from an account that is not held at Scotia iTRADE by March 31, 2024 and

(ii) then maintain the Qualifying Amount in assets that you deposited in your New Account(s) or in your existing account(s) (subject to the Qualifying Amount calculation condition) during the entire period between March 31, 2024 and June 30, 2024

then CAD $50/$100/$150/$200/$500/$1,000/$2,000/$4,000 (respectively, based on the Qualifying Amount funded, subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by July 31, 2024. The rebate will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.

If you fund your New Account or existing account with the equivalent of CAD $5,000 or more by March 31, 2024 then in addition to the cash reward you will also receive commission pricing of $6.99 flat per Canadian or U.S. equities/ ETF trade and $6.99 + $1.25/contract for each options trade in your New Account(s) or existing account(s) until June 30, 2024. New qualification status will be effective weekly on the earlier of every Monday starting on October 16, 2023 to April 3, 2024 after you satisfy all the eligibility requirements for this offer. If you qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer. …

November 8, 2023
5:46 am
Norman1
Member
Members
Forum Posts: 6910
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Any withdrawals since September 25, 2023 will be subtracted from the offer's Qualifying Assets of existing Scotia iTRADE clients:

Qualifying Amount calculation condition: Qualification will be based on combined net new assets in all eligible accounts held by a client. If you withdraw or transfer out assets from any of your Scotia iTRADE accounts at any time during the period between September 25, 2023 and June 30, 2024, the amounts of such assets will be subtracted from the value of your Qualifying Assets for the purposes of determining your entitlement for the specific tier of cash reward, for the $6.99 commission pricing on stock and ETF trades and for free access to Trade Pro.

Please write your comments in the forum.