Quick Info

Standard Equity Commission

Min: $1.99 Max: $7.99
Best Commission Price

$3.99/trade
Minimum to Open Account

Not Required
Maintenance/Inactivity Fees

$24.95/Quarter
Commission-free ETF Trading

Yes (Buy only)
Young Investor Offer

Yes (Age < 26)

HIGHLIGHTS

Virtual Brokers, a division of BBS Securities Inc., is one of the youngest of the Canadian online brokerages. Although (and maybe because) they haven’t been around as long as other brokerages, Virtual Brokers offers pricing and platforms that help them stand out from their competitors.

Virtual Brokers offers a number of account and pricing options for investors and traders alike, so anyone considering Virtual Brokers should understand their own trading style and their own particular needs in order to select the most suitable products and services. Active traders and those looking for real-time data need to consider the costs for data subscription and streaming quotes as part of the total cost with this provider.

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Registered Accounts

✓ TFSA
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  $15.00
✓ RRSP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  $15.00
✓ RESP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

Non-Registered Accounts

✓ Cash
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ Margin
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

ACCOUNT FEES & REQUIREMENTS

Registered Accounts

✓ TFSA
- Minimum Opening Balance
  
  $0
- Minimum Balance Required
  
  $0
- Annual Charge
  
  $0
- Transfer Out
  
  Full: $150.00 Partial: $50.00
- Withdrawals
  
  $0
- US Dollar Account
  
  15
- Fee Waiver Condition
  
  An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.
✓ RRSP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  Full: $150.00 Partial: $50.00
- Withdrawals
  
  $0
- US Dollar Account
  
  15
- Fee Waiver Condition
  
  An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.
✓ RESP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $25.00
- Transfer Out
  
  Full: $150.00 Partial: $50.00
- US Dollar Account
  
  No fee
- Fee Waiver Condition
  
  Nil Inactivity Fee

Non-Registered Accounts

✓ Cash
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  Full: $150.00 Partial: $50.00
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.
✓ Margin
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  Full: $150.00 Partial: $50.00
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.
✓ Inactivity Fees
- Inactivity or Maintenance Fees
  
  $24.95/Quarter
✓ Fee Waiver Conditions
- An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.

TRADING COMMISSIONS & FEES

Equity
- Minimum commission per trade
  
  $1.99
- Maximum commission per trade
  
  $7.99
- Standard commission per trade
  
  Min: $1.99 Max: $7.99
- Best commission per trade
  
  $3.99/trade
ETF
- Commission-free ETF Trading Available?
  
  ✓
Options
- Standard Base option commission fee
  
  $7.99
- Standard per contract commission
  
  $1.25
- Assignment and Exercise Commission
  
  $40

ONLINE BROKERAGE RANKINGS

Sorry, no data is available.

CONTACT

Website

https://www.virtualbrokers.com/

[email protected]

Phone

1-877-310-1088

Customer Service Hours

Mon-Fri: 8am-7pm (ET)

Mailing Address

BBS Securities Inc. 199 Bay St. Suite 2600 PO BOX 108 STN Commerce Court Toronto, ON M5L 1E2

INDEX

ONLINE BROKERAGE REVIEW

Virtual Brokers Review 2021

Quick Info

HIGHLIGHTS

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

US Dollar Account Available?

✓

US Dollar Fee

$15.00

✓ RRSP

US Dollar Account Available?

✓

US Dollar Fee

$15.00

✓ RESP

US Dollar Account Available?

✓

US Dollar Fee

No fee

Non-Registered Accounts

✓ Cash

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ Margin

US Dollar Account Available?

✓

US Dollar Fee

No fee

ACCOUNT FEES & REQUIREMENTS

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

Minimum Opening Balance

$0

Minimum Balance Required

$0

Annual Charge

$0

Transfer Out

Full: $150.00 Partial: $50.00

Withdrawals

$0

US Dollar Account

15

Fee Waiver Condition

An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.

✓ RRSP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$0.00

Transfer Out

Full: $150.00 Partial: $50.00

Withdrawals

$0

US Dollar Account

15

Fee Waiver Condition

An Account Administration Fee of $24.95 per quarter may apply if clients do not meet at least one condition: combined assets $5,000+; or have 1+ trades in the quarter; or below 26 years old.

✓ RESP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$25.00

Transfer Out

Full: $150.00 Partial: $50.00

US Dollar Account