Virtual Brokers Account Type
Virtual Brokers offers a variety of account types tailored to meet the needs of different investors. The available account types include:
- Non-Registered Trading Account: For cash, margin, and options trading.
- Tax-Free Savings Account (TFSA): A registered account allowing tax-free growth.
- Registered Retirement Savings Plan (RRSP): For retirement savings with tax benefits.
- Spousal RRSP: Allows contributions to a spouse's retirement savings.
- Locked-In RRSP (LIRA): For pension funds that are locked in until retirement.
- Registered Retirement Income Fund (RRIF): For income generation in retirement.
- Life Income Fund (LIF): Similar to RRIF, but for locked-in funds.
- Registered Education Savings Plan (RESP): For saving for a child's education, with a $25/year fee.
With the exception of the RESP, there are no charges to open and maintain these accounts.
Virtual Brokers Broker Account Opening Process
Opening an account with Virtual Brokers is a straightforward process. Heres how you can do it:
virtual accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .