Virtual Brokers

Commissions & Fees

At Virtual Brokers you have flexibility to choose the commission structure based on your trading profile. Please click on the following tabs to see your options. 

"The Penny" Commission Structure

Equities
$ 0.01 per share if share price ≥ $1.00
$ 0.005 per share if $0.25 ≤ share price < $1.00
$ 0.0025 per share if share price< $0.25

The Minimum commission is $0.01 with a cap of $9.99. No ECN/Exchange Fees apply.

Options
$9.99 + $1.00 per contract (USD)
$9.99 + $1.50 per contract (CND)

Exchange-traded Notes/Debentures
$1 per $1,000 Face Value ($19.99 minimum, $250 maximum)

Fixed Income Securities
VB acts as principal and earns revenue from fixed income transactions. Quoted price includes commission.

Mutual Funds
Free

Terms, Conditions and Considerations

  • For trades executed on a non-VB Webtrader trading platform, a minimum commission of $6.49 will be applied.
  • The $9.99 cap does NOT apply to trades executed on a non-VB Webtrader/Power Trader® Mobile trading platform; anonymous or iceberg orders; pre-market and after-hours trading; and trades routed to non-auto/managed routes.
  • All commission fees are charged in the currency of the market.
  • Full commission fees apply for each partial fill except when transacted on the same business day. Multiple trades executed for the same security including stocks and options on the same day, same side of the market and same exchange will not be abridged, and a separate commission is charged for each trade. Only a single trade confirmation with one aggregate commission fee, will be issued to reflect all these trades.
  • Mutual fund companies may impose a fee for early redemption, switching between funds or other purposes. These fees will be passed through to the client. Virtual Brokers does not charge any fees for mutual fund transactions.  All funds are subject to minimum purchase amounts as outlined in the prospectus or $1,000, whichever is greater.
  • Virtual Brokers may receive compensation for certain equity, option and fixed-income orders. Generally, this compensation consists of payment for order flow or liquidity rebates.
  • You may note a small difference on your net dollar value of your transactions for US Securities due to “SEC Fee”, "Option Regulatory Fee", "TAF Fee", clearing fee to a max of 0.0002/share.
  • Global trading is available by phone only. Commission schedule varies depending on the exchange.

"Per Share" Commission Structure

Equities
$ 0.01 per share if share price ≥ $1.00
$ 0.005 per share if $0.25 ≤ share price < $1.00
$ 0.0025 per share if share price< $0.25

Commission Calculation Examples

Options
$1.00 per contract (USD)
$1.50 per contract (CND)

Exchange-traded Notes/Debentures
$1.00 per $1000 par value + $37.5 per ticket

Fixed Income Securities
VB acts as principal and earns revenue from fixed income transactions. Quoted price includes commission.

Mutual Funds
Free

Terms, Conditions and Considerations

  • All commission fees are charged in the currency of the market.
  • Minimum commission is $5 per ticket (NOT TRADE) for equities and $10 per ticket for options (see Commission Calculation examples).  All trades done for the same symbol, side and exchange on the same day are considered as one ticket.
  • Full commission fees apply for each partial fill except when transacted on the same business day. Multiple trades executed for the same security including stocks and options on the same day, same side of the market and same exchange will not be abridged, and a separate commission is charged for each trade. Only a single trade confirmation with one aggregate commission fee, will be issued to reflect all these trades.
  • Mutual fund companies may impose a fee for early redemption, switching between funds or other purposes. These fees will be passed through to the client. Virtual Brokers does not charge any fees for mutual fund transactions.  All funds are subject to minimum purchase amounts as outlined in the prospectus or $1,000, whichever is greater.
  • Virtual Brokers may receive compensation for certain equity, option and fixed-income orders. Generally, this compensation consists of payment for order flow or liquidity rebates.
  • You may note a small difference on your net dollar value of your transactions for US Securities due to “SEC Fee”, "Option Regulatory Fee", "TAF Fee", clearing fee to a max of 0.0002/share. 
  • Global trading is available by phone only. Commission schedule varies depending on the exchange. 

"Per Trade" Commission Structure

Equities
$6.49

Options
$6.49 + $1.00 per contract (USD)
$6.49 + $1.25 per contract (CND)

Exchange-traded Notes/Debentures
$0.75 per $1000 par value minimum $37.50 per trade

Fixed Income Securities
VB acts as principal and earns revenue from fixed income transactions. Quoted price includes commission.

Mutual Funds
Free

Terms, Conditions and Considerations

  • All commission fees are charged in the currency of the market.
  • ECN and Exchange fees are charged on equity trades, where applicable. All fees are in the currency of the market. ECN or exchange fees may change without notice.
  • Full commission fees apply for each partial fill except when transacted on the same business day. Multiple trades executed for the same security including stocks and options on the same day, same side of the market and same exchange will not be abridged, and a separate commission is charged for each trade. Only a single trade confirmation with one aggregate commission fee, will be issued to reflect all these trades.
  • Mutual fund companies may impose a fee for early redemption, switching between funds or other purposes. These fees will be passed through to the client. Virtual Brokers does not charge any fees for mutual fund transactions.  All funds are subject to minimum purchase amounts as outlined in the prospectus or $1,000, whichever is greater.
  • Virtual Brokers may receive compensation for certain equity, option and fixed-income orders. Generally, this compensation consists of payment for order flow or liquidity rebates.
  • You may note a small difference on your net dollar value of your transactions for US Securities due to “SEC Fee”, "Option Regulatory Fee", "TAF Fee", clearing fee to a max of 0.0002/share.
  • Global trading is available by phone only. Commission schedule varies depending on the exchange. 

"Broker-Assisted" Commission Structure

Equities
$50 per trade + 3% of principal value to a maximum of $0.03 per share

Options
$50 per trade + $2 per contract

Exchange-traded Notes/Debentures
1.5% of principal value

Fixed Income Securities
VB acts as principal and earns revenue from fixed income transactions. Quoted price includes commission.

Mutual Funds
Free

Terms, Conditions and Considerations

  • Broker-assisted commission fee is applied to all trades done by a Virtual Brokers trader for the client.
  • Each trade executed by Virtual Brokers agent in relation to client buy-ins or margin deficiency will be charged a broker-assisted commission.
  • All commission fees are charged in the currency of the market.
  • Full commission fees apply for each partial fill except when transacted on the same business day. Multiple trades executed for the same security including stocks and options on the same day, same side of the market and same exchange will not be abridged, and a separate commission is charged for each trade. Only a single trade confirmation with one aggregate commission fee, will be issued to reflect all these trades.
  • Mutual fund companies may impose a fee for early redemption, switching between funds or other purposes. These fees will be passed through to the client. Virtual Brokers does not charge any fees for mutual fund transactions.  All funds are subject to minimum purchase amounts as outlined in the prospectus or $1,000, whichever is greater.
  • Virtual Brokers may receive compensation for certain equity, option and fixed-income orders. Generally, this compensation consists of payment for order flow or liquidity rebates.
  • You may note a small difference on your net dollar value of your transactions for US Securities due to “SEC Fee”, "Option Regulatory Fee", "TAF Fee", clearing fee to a max of 0.0002/share.
  • Global trading is available by phone only. Commission schedule varies depending on the exchange. 
 

Free ETF Investment

Buying Exchange Traded Funds (ETFs)

All ETFs are commission-free to purchase.

This list of Eligible ETFs are commission-free to buy and sell.

Equities & Selling Exchange Traded Funds (ETFs)
$ 0.01 per share if share price ≥ $1.00
$ 0.005 per share if $0.25 ≤ share price < $1.00
$ 0.0025 per share if share price< $0.25

The Minimum commission is $0.99. No ECN/Exchange Fees apply.

Options
$9.99 + $1.00 per contract (USD)
$9.99 + $1.50 per contract (CND)

Exchange-traded Notes/Debentures
$1 per $1,000 Face Value ($19.99 minimum, $250 maximum)

Fixed Income Securities
VB acts as principal and earns revenue from fixed income transactions. Quoted price includes commission.

Mutual Funds
Free

Terms, Conditions and Considerations

  • Free commission does NOT apply to trades executed on a non-VB Webtrader platform; anonymous or iceberg orders; pre-market and after-hours trading; and trades routed to non-auto/managed routes.
  • A minimum commisison of $6.49, in the currency of the trade, will be applicable to orders sent by a non-VB Webtrader trading platform; anonymous or iceberg orders; pre-market and after-hours trading; and trades routed to non-auto/managed routes.
  • All commission fees are charged in the currency of the market.
  • Full commission fees apply for each partial fill except when transacted on the same business day. Multiple trades executed for the same security including stocks and options on the same day, same side of the market and same exchange will not be abridged, and a separate commission is charged for each trade. Only a single trade confirmation with one aggregate commission fee, will be issued to reflect all these trades.
  • Mutual fund companies may impose a fee for early redemption, switching between funds or other purposes. These fees will be passed through to the client. Virtual Brokers does not charge any fees for mutual fund transactions.  All funds are subject to minimum purchase amounts as outlined in the prospectus or $1,000, whichever is greater.
  • Virtual Brokers may receive compensation for certain equity, option and fixed-income orders. Generally, this compensation consists of payment for order flow or liquidity rebates.
  • You may note a small difference on your net dollar value of your transactions for US Securities due to “SEC Fee”, "Option Regulatory Fee", "TAF Fee", clearing fee to a max of 0.0002/share.
  • Global trading is available by phone only. Commission schedule varies depending on the exchange.
Commissions & Fees
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