Are Virtual Brokers safe?
Is Virtual Brokers Safe? Yes! When you invest with Virtual Brokers you are protected by the Canadian Investor Protection Fund (CIPF) up to $1 Million per account.
What commission do traders charge?
The typical industry standard fee for options trading is $0.65 to $1 per contract. If you're trading through a traditional brokerage, the fee may be much higher. A full-service broker may charge $100 or more to execute trades on your behalf.
Are Virtual Brokers insured?
CI is a member of the Canadian Investor Protection Fund (CIPF). In the event of insolvency or bankruptcy of a CIPF member, each qualifying client account is entitled to protection of $1,000,000 CDN under CIPF.
How do I transfer money to virtual brokers?
Banking
- Log in to the dashboard.
- Select 'Banking & Transfer' from the menu.
- Select 'Add Funds'
- Complete the form on the page: To Account. From Financial Institution (From a verified bank account on file) Amount. Currency. Comments.
- Submit.