Charged on Negative Balances


# Balance Type Interest Rate
1 CAD Negative Balance in Margin Account CAD Prime + 1.5%
2 USD Negative Balance in Margin Account USD Prime + 1.5%
3 CAD Negative Balance in RSP Account CAD Prime + 7.5%
4 USD Negative Balance in RSP Account USD Prime + 7.5%

Interest is calculated daily and credited/debited to your account on a monthly basis. No interest charges will be applied if you borrow intra-day (positions flatten by end of the day).

Paid on Positive Balances


# Balance Type Interest Rate
1 CAD Positive Balance in Margin Account CAD Prime - 4.5%
2 USD Positive Balance in Margin Account USD Prime - 5.25%
3 CAD Positive Balance in RSP Account CAD Prime - 6.5%

General Considerations

  • A minimum cash balance is not required in order to receive interest.
  • Positive cash balances will not be charged interest.
  • The market value of short positions is deducted from the cash balance when calculating interest payable/charged to the client.
  • Cash balances are managed solely by the client. If an account deficit results from a security purchase, Virtual Brokers will not perform a currency conversion to flatten the negative cash balance.


Under margin penalty

Accounts with a negative margin balance are subject to liquidation. In rare instances where an account remains under margin overnight, the following risk exposure fee will apply:


# Net Negative Margin Balance Interest Rate
1 Combined CAD CAD Prime + 3%