General Questions

Virtual Brokers is an online brokerage that has been helping self-directed traders make the most of their money since 2009. Boasting some of the lowest commissions in the industry, Virtual Brokers is a subsidiary of BBS Securities Inc., which is owned by CI Financial. 

While opening an account with us is easy, it's always a good idea to know which products you'd like to trade (i.e. stocks, ETFs, etc)., as well as your personal budget and goals. Fortunately, we've got you covered on all of these areas and more in our Blog.

Account Opening

Account Transfer

Banking

You can withdraw funds from your Virtual Brokers account via two methods:

  • Electronic Fund Transfer (CAD only) up to the daily limit of $25,000 CAD from settled funds to the approved bank account on file
  • Wire (CAD and USD) (Wire Fee)

Both options are located in their respective tabs in the client dashboard under ‘Banking & Transfers’

Trading

Order types available include market orders, limit orders, and stop-loss orders.

Fees

Asset Protection

Yes. BBS is a member of the CIPF. Virtual Brokers is a subsidiary of BBS, all assets are under BBS are therefore protected by CIPF.

Learn more about CIPF coverage limits.

Demo Trading

Instead of DRIPs, we offer the Dividend Purchase Plan (DPP), where shares are bought automatically on the market using the dividend proceeds (as opposed to obtaining shares through the transfer agent).

Additionally, we offer the Self Directed Purchase Plan (SDPP) for margin accounts, this allows the pooling of all dividends received to purchase other securities.  Learn more about SDPP here.