Interest Rates

Net Balance Interest Rate
CAD Debit (payable by client for margin) CAD Prime + 1.5%
USD Debit (payable by client for margin) USD Prime + 1.5%
CAD Credit (payable to client on cash balance) CAD Prime - 4%
USD Credit (payable to client on cash balance) USD Prime - 4%
RSP Debit (payable by client on debit cash balance) CAD Prime + 7.5%
RSP Credit (payable to client on cash balance) CAD Prime - 6.5%
USD RSP Debit (payable to client on cash balance) USD Prime + 7.5%

General Considerations

  • A minimum cash balance is not required in order to receive interest.
  • Positive cash balances will not be charged interest.
  • The market value of short positions is deducted from the cash balance when calculating interest payable/charged to the client.
  • Cash balances are managed solely by the client. If an account deficit results from a security purchase, Virtual Brokers will not perform a currency conversion to flatten the negative cash balance.

Under margin penalty

Accounts with a negative margin balance are subject to liquidation. In rare instances where an account remains under margin overnight, the following risk exposure fee will apply:

Net Negative Margin Balance Interest Rate
Combined CAD (payable by client) CAD Prime + 3%

Our office location is in the great and beautiful city of Toronto. We welcome anyone to drop by to discuss any inquiries regarding your accounts, bring us any paperwork, or to simply say “hi”.