Like every other trading platform Virtual Brokers has its pros and cons. Read more to find out if the platform suits you. See if Virtual Brokers is good.
Virtual Brokers, which is now known as CI Direct Trading, is a part of CI Investment Services Incorporated (formerly BBS Securities). It is basically an online trading platform where you can buy and sell financial instruments of your choice. It is based in Toronto and was established in 2009.
You can open the following accounts with Virtual brokers:
Virtual Brokers is one of the leading e-trading platforms of Canada, that has been in the business for nearly 13 years. It has been constantly upgrading and rebranding itself to give the best possible services to the Canadian traders.
As listed above, it offers noteworthy services and products at a cost-effective rate. To know detailed information of the fees charged, please visit - https://www.cifinancial.com/ci-dt/ca/en/trade/pricing.html. It is important that you do a complete research of the platform, compare it with other platforms and conclude if it is suitable for your needs and goals, before you open an account.
Webull is a U.S based stock broker which is also available for Canadian users. Canadian citizens can open an account with Webull.
Virtual Brokers is owned by CI Investments Services Inc, which took over it in 2017, from BBS Securities, the previous owner of Virtual Brokers. Virtual Brokers was integrated with WealthBar, another financial platform in 2020 to form a new investment platform known as CI Direct Investing. Although it operates separately in Canada.
Yes, Virtual Brokers is a safe online trading platform. Let's analyze the safety and security features that make the Virtual Brokers a popular platform.
Are you a fan of WeBull, a US based stock broker and looking for similar alternatives in Canada? Grab list of best stock brokers offering various products & services.
Currently, Etrade is not available in Canada as the broker operates solely in the U.S. Therefore Canadian citizens cannot open an account with ETrade. The broker used to operate in Canada but stopped its operations after 2008. There are many other low-cost brokers available in Canada such as Questrade that you can consider while opening an account.
This is a tricky question and does not have an exact answer. However, an average Canadian is likely to invest less than $2,000 in stocks. This number is not fixed and may go up or down based on an individual's earning, saving, expenses and financial gaols.
You cannot open a TD Ameritrade account in Canada unless you are an American or have US citizenship. So, if you are a Canadian citizen, you cannot open account with this US stock broker.
No, Virtual Brokers is not completely free. Only the account opening and maintenance is free but there are multiple other charges that you will have to incur. There are platform charges for using the advanced trading platform that it offers. Similarly, you will have to pay commissions on the trades that you execute on the platform. Apart from that, there are also some additional administrative and market data fees that you will have to pay while using Virtual Brokers.
There are many steps in Forex trading. Determine your goals, complete research, open a Forex trading account, fund the account and commence trading.
At present, the potential to open a brokerage account in Canada, while being a non-resident is complicated and has numerous terms and conditions. This varies from broker to broker. To become savvy in this topic, continue reading.