Commission Structures

Our commission plan choices are simple and designed to meet your requirements and needs based on your trading activity.

Learn more about our commission plan choices below.


COMMISSION-FREE

CLASSIC COMMISSION

Broker-Assisted

Equities

Options

USD Options
Monthly Contracts Commission (US/Contract) Minimum Trade (US)
<=10,000 0.75 5.00
10,001 - 50,000 0.70 5.00
50,001 - 100,000 0.45 5.00
> 100,000 0.35 5.00
CAD Options
Monthly Contracts Commission (CA/Contract) Minimum Trade (CA)
<=10,000 1.25 5.00
10,001 - 50,000 1.15 5.00
50,001 - 100,000 1.10 5.00
> 100,000 1.00 5.00

Exchange-Traded Notes/Debentures

$24.99 + “$1 per each $1,000 par value” per side

Mutual Funds & Over the Counter Fixed Income:

Not applicable

Terms, Conditions And Considerations

  • Commission grid is available only for Canadian Resident’s, Non-Institutional margin accounts and for non-Algo trading.
  • Minimum account opening balance of $5,000 CAD and trading with one of Virtual Brokers application-based trading platform is required.
  • Trade placed over the Virtual Brokers’ website, or mobile app or trades placed in accounts with balance lower than $2,000 CAD in net equity will be charged at the rates for the “CLASSIC” commission structure.
  • ECN / Exchange fees and Clearing Fees may apply on Equity and ETF’s where applicable. All fees are in the currency of the market. ECN / Exchange and Clearing fees may change without notice.
  • You may note a small difference on your net dollar value of your transactions for US Securities due to the “SEC Fee”, "Option Regulatory Fee", "TAF Fee" to a maximum of 0.0002/share.
  • Orders placed in Pre or Post market, anonymous, iceberg and bracketed-orders will be subject to a “Special Handling” Fee.
  • Interest rates charged on the “Commission-Free” Trading account debit balances will be 1.50% above the Virtual Brokers standard interest schedule .
  • Data Plans are subject to additional fees.

DISCLAIMER

  • We may receive compensation from securities issuers and other third parties based on their products we sell to you, such as “trailer fees” on mutual funds. We may receive compensation by trading destinations, including electronic communication networks, market makers and exchanges in connection with trades on markets we direct to such destinations. We may be compensated in other ways as a result of the business you may do with us, including interest spreads on uninvested cash deposits with us and foreign exchange spreads when you convert currencies. We endeavor to be fully transparent on fees and commissions that you pay to us and to provide you with the information in advance so that you know what you will be paying. At times it may not be possible to completely estimate the exact fee you will pay to us in advance, although the ultimate fee charged will be calculated in accordance with the Commission Grid applicable to the account and the trade, as is in place at the time of the trade.

Equities

$9.99 Flat
$4.99 Flat   (For clients who place over 150 trades/previous quarter)

Options

$4.99 + $1.25/contract (For clients who place over 150 trades/previous quarter)
$9.99 + $1.25/contract

ETFs

Buy all ETFs for free

Exchange-Traded Notes / Debentures

$24.99 + “$1 per each $1,000 par value” per side

Mutual Funds

Free

Fixed Income Securities

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

Terms, Conditions and Considerations

  • 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.
  • $4.99 flat per equities trade and $4.99 + $1.25/contract commission applies to those who have traded 150 commission-generating trades on previous calendar quarter. Commissions are automatically reset based on previous 3 month’s activity at beginning of the month.
  • ETF’s purchases are commission-free as long as the ETF is held for a minimum of one business day.
  • 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.
  • 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.
  • Orders placed Pre or Post market, Anonymous, Iceberg and also Bracketed-Orders will be subject to a $0.0035/share fee.

DISCLAIMER

  • We may receive compensation from securities issuers and other third parties based on their products we sell to you, such as “trailer fees” on mutual funds. We may receive compensation by trading destinations, including electronic communication networks, market makers and exchanges in connection with trades on markets we direct to such destinations. We may be compensated in other ways as a result of the business you may do with us, including interest spreads on uninvested cash deposits with us and foreign exchange spreads when you convert currencies. We endeavor to be fully transparent on fees and commissions that you pay to us and to provide you with the information in advance so that you know what you will be paying. At times it may not be possible to completely estimate the exact fee you will pay to us in advance, although the ultimate fee charged will be calculated in accordance with the Commission Grid applicable to the account and the trade, as is in place at the time of the trade.

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.

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.

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.