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virtual broker Accounts

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:

    • Choose Your Account Type: Decide which type of account suits your investment needs (e.g., TFSA, RRSP, etc.).
    • Visit the Website: Go to the Virtual Brokers website to start the application process.
    • Complete the Application: Fill out the online application form with your personal information, including:
      • Legal name
      • Current address
      • Social insurance number or tax ID
      • Employment details
      • Submit Identification: Provide necessary identification documents as required by the broker.
      • Fund Your Account: After your application is approved, you can fund your account via bank transfer or other accepted methods.
      • Start Trading: Once your account is funded, you can start trading using the Virtual Brokers platform.
      • This process is designed to be user-friendly, allowing you to open an account quickly and efficiently.

virtual accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
virtual Account