Kick Start Investment Program (KIP)
Virtual Brokers Kick Start Investment Program (KIP)
We are committed to the success of our clients. To help encourage savings and investment in a simple, valuable, and cost effective manner Virtual Brokers has launched the Kick Start Investment Program (“KIP”).
Put time on your side and start investing now for a bright future!
What is KIP?
KIP is a revolutionary concept in online investing that helps support young Canadians to invest and generate savings. KIP is an automated purchase plan that does not incur any trading fees and will help bring discipline to young investors interested in maximizing their wealth. Each month, the Virtual Brokers KIP service will debit an amount specified by the account holder from their bank account to their Virtual Brokers Account. The funds will then be used to purchase up to 5 different Canadian or US Stocks or ETFs, according to client instructions.
There are no commission charges for the automatic monthly purchases. In addition, there are no annual fees for clients who are students or recent graduates (within the last 2 years). All other clients will be subject to an annual fee of $50 CAD. KIP is a simple but effective method to grow your account, and take advantage of Virtual Brokers exceptional low cost services.