ScotiaMcLeod Direct Investing

ScotiaMcLeod Direct Investing is the official discount brokerage arm to the Scotiabank, which gets its name from being located in Nova Scotia. The bank is the second largest in Canada and the brokerage subsidiary does equally big business. The broker works independently on promoting and implementing the groupís various investment services under its own brand, keeping the main bankís name to recognize it as part of the Scotisbank group. It acts as a middle man between customers and investments, offering them full control or various savings plans to utilize their investable money.

Like most discount brokerage firms ScotiaMcLeod Direct Investing operates as an added online service to current customers, although everyone is welcome and itís easy to use interface simplifies the whole investment process, allowing anyone who may not know the ins and outs of investing a means of saving and making fair profits. It charges on a per transaction/trade basis. The service boasts the convenience of having banking and investment accessible from one online portal, allowing easy transfers of funds between accounts.

Various accounts and products are on offer including regular investment accounts such as the Active Trader Service or other investment alternative for beginners. On top of this they offer the typical retirement saving plans, education saving plans and other similar variants, to help you best save for you or your childís future.

There is a wealth of tools online to make the process easier including research and analysis tools, and news or stock alerts and calculators. All markets are covered with some in real time.There are is choice of payment options, some going as low as $8.95 flat fee per trade.

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