Virtual Brokers vs National Bank Direct Brokerage Comparison: 2024

About Virtual Brokers

About Virtual Brokers

Virtual Brokers is a Canadian Self-Directing Trading platform that offers many features to Canadian as well as Non-Canadian users. It was formed in 2009 and is a subsidiary of CI Investment Services, which is owned by CI Financial.

The platform caters to traders who prefer to perform high-frequency trades, at the same time allowing investors to invest in Stocks, Mutual Funds, Exchange Traded Funds, Bonds, etc at a low cost.

Virtual Brokers is the favorite solution for professional traders because of the wide range of trading products that it provides. Some of the most commonly used Desktop platforms are TraderLite, RealTick EMS, PowerTrader Pro, etc. We will look into them in a moment. Virtual brokers do not require any minimum balance, whereas brokers outside Canada have a minimum account Maintenance of $25,000 CAD. Being an international broker, you can trade in all the major North American markets. The platform is

About National Bank Direct Brokerage

National Bank Direct Brokerage Account: An Overview

National Bank Direct Brokerage (NBDB) Account is an online brokerage account that has been in the Canadian financial markets for the past 35 years from 1987. It is a part of National Bank of Canada that has been on the Canadian banking industry from the year 1859. Having said that, you are not required to be a bank account holder to open a brokerage account.

In 2021, NBDB took a giant leap by becoming the 1st broker account to offer transactions at $0 commissions and mandates no minimum balance. The account offers both US and Canadian financial instruments and it allows for you to open both US dollar account and Canadian dollar account.

Type of Accounts offered by National Bank Direct Brokerage

Here are different types of accounts being offered:

Registered Accounts

1.Tax-Free Savings Account (TFSA) 2. Registered Retirement Savings Plan (RRSP) 3. Registered Education Savings