Who owns Virtual Brokers?

Short Answer

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.

Detailed Answer

Who is Virtual Brokers?

Virtual Brokers is a Canadian online broking platform that provides investing and trading facilities to Canadian as well as to selected Non-Canadian users. Virtual Brokers have a range of account options that you can choose from as per your requirements. You also get access to advanced platforms like the PowerTrader Pro, RealTick EMS, etc which can be used from domestic as well as international trading.

Using the platform you can trade stocks, ETF (Exchange Traded Funds) Bonds, Mutual Funds, and Fixed Income Securities at very reasonable commissions. To trade in stocks you will have to pay a minimum of $1.99/per trade, with $0.01 per share, whereas ETF and Mutual Fund investments are completely free of any commissions.

Who owns Virtual Brokers?

Now that you have seen the facilities that the platform provides, the question remains who is the owner of Virtual Brokers?

Virtual Brokers was founded in 2009, under BBS Securities. BBS Securities owned Virtual Brokers up until 2017.

In 2017 CI Financial Investments Services acquired BBS Securities under which Virtual Brokers was also present. Soon after this advancement in 2020, CI Financials merged Virtual Brokers with another online platform named WealthBar and created a new entity named “CI Direct Investing” although, Virtual Brokers still functions as a separate entity.


Virtual Brokers is ultimately owned by CI Investment Services Inc, which is a member of the CIPF, hence the broker can be considered trustworthy. Virtual Brokers has also achieved many Broker awards as one of the top brokers in Canada for multiple years.

Tagged With: canadian brokerinternational brokerinternational stocksstock tradingequity investingcanadian stock market
Ask your query and our expert community would be happy to help
Discussion (0)
Virtual Brokers Quick Links
Related FAQs

How can I buy a stock without a broker in Canada?

Canadian citizens above the age of 18 can open a TFSA (Tax-Free Savings Account) in which you can contribute up to $6000 annually. This can be in the form of stocks or other securities. You can also use an RRSP (Registered Retirement Savings Plan) where you can contribute a higher sum which will be taxable, unlike the TFSA which is completely exempt from taxes.

Is Virtual Brokers free?

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.

Is Paytm Money Safe and reliable Broker for Stock Trading & Investing?

Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.

How can I buy U.S stocks in Canada?

Canadian citizens can easily purchase U.S stocks. Many online stock brokers provide the facility to invest in US stocks. Questrade and Interactive brokers are some of the brokers who allow foreign investing. Apart from this, there are some other ways to directly as well as indirectly invest in US stocks. One of the non-traditional methods includes the TFSA (Tax-Free Savings Account) with which you can buy up to $6,000 worth of stocks per year.

Is Upstox safe, good & reliable broker for stock trading & investment?

Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.

Is Wisdom Capital Good, Safe & Reliable Broker for Stock Trading and Investing?

Yes, Wisdom Capital is good, safe, and reliable for all stock trading and investing options. However, weighing in on the lack of trading options and the unjustified charges imposed, it is a cause of worry. But other than this, the broker is reliable enough to execute a trade from the platform.

Can I buy Canadian stocks on Charles Schwab?

Charles Schwab is a U.S.-based broker which offers many brokerage accounts to its users. You can buy Canadian stocks on the platform although Canadian users cannot open an account with it as it offers its services exclusively in the U.S. Existing account holders can purchase Canadian stocks during the market hours using the broker's platform.

Can I trade or invest Rs 100 in the share market of India?

You can definitely trade or invest Rs 100 in Indian stock markets. There are no monetary requirements to enter the stock market hence you can buy any share that is trading under Rs 100. Apart from direct stock investing/ trading, there are some indirect ways to own shares over Rs 100. This can be done through Mutual Funds.

Can I do stock trading in India without a broker?

To buy and sell stocks in the Indian stock market, you will need a demat and trading account. A stockbroker is necessary to trade stocks because the broker will provide the trading account through which you will place your trades.

Can non-US citizens open a brokerage account with a US broker?

Non-U.S citizens cannot directly open an account with a U.S based broker as they would not possess the necessary documents, required to open an account with a U.S broker. But there are many U.S based international brokers like 'Interactive Brokers', etc, who allow users from multiple countries to open an account with them. Using that account you can easily gain access to the U.S markets.