ETFinance
scotia itrade
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Overview
ETFinance was founded in 2018 and is headquartered in Cyprus, while scotia itrade was established in 2012 and is based in UK. ETFinance holds licences including Cyprus Securities and Exchange Commission (CySEC), while scotia itrade is regulated by Financial Conduct Authority (FCA) among others. ETFinance serves 10,000+ clients worldwide; scotia itrade has 10,000+. The minimum deposit is $215 at ETFinance and $250 at scotia itrade.
| Feature | ETFinance | scotia itrade |
|---|---|---|
| Min. Deposit | $215 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F303 |
| Founded | 2018 | 2012 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETFinance and scotia itrade, directly affecting your bottom line as a trader. ETFinance has a lower barrier to entry with a minimum deposit of $215 (vs $250 at scotia itrade). Neither broker charges withdrawal fees. ETFinance charges deposit fees; scotia itrade does not. Overall, scotia itrade scores higher on fees in our assessment.
| Feature | ETFinance | scotia itrade |
|---|---|---|
| Min. Deposit | $215 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
ETFinance offers MT4, MT5, cTrader, while scotia itrade supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. scotia itrade supports social and copy trading features, which ETFinance does not offer. ETFinance edges ahead on platform breadth and functionality in our scoring.
| Feature | ETFinance | scotia itrade |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETFinance and scotia itrade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | ETFinance | scotia itrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETFinance accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while scotia itrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). scotia itrade uniquely supports PayPal and Skrill and Neteller among the two brokers. scotia itrade scores higher on deposit and withdrawal flexibility.
| Feature | ETFinance | scotia itrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ETFinance and scotia itrade offer live chat support. Both provide phone support. Email support is available at both brokers. ETFinance supports 2 languages and scotia itrade supports 8, giving scotia itrade broader global reach. Both brokers are comparable on support quality.
| Feature | ETFinance | scotia itrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |