Virtual Brokers Review 2020

Virtual Brokers Rated 3/5
Virtual Brokers have a low rating. We recommend you look at one of their alternative brokers.
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Virtual Brokers Guide

Virtual Brokers are an online broker founded in 2008 offering Forex trading trading, Social trading trading, and Share Dealing trading.

Virtual Brokers are a global broker and have multiple offices around the world including a head office in Canada.

Virtual Brokers have a listed stock symbol. This means that Virtual Brokers have publically listed and you can officially buy shares in Virtual Brokers on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Virtual Brokers we break down the pros and cons. What Virtual Brokers are able to offer, what countries Virtual Brokers are available in. Who Virtual Brokers are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Virtual Brokers

  • Regulated by: The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)
  • Headquarters Country : Canada
  • Foundation year 2008
  • Min Deposit : 1000
  • Used by over 10,000 traders
  • Virtual Brokers is not available in the following countries :
Open Virtual Brokers's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Virtual Brokers

With this review we hope to help you see if Virtual Brokers is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Virtual Brokers that will help you get off to a good start in the world of online trading.

Virtual Brokers Review Table of Contents

Virtual Brokers what you should know

Virtual Brokers offer three ways to trade: Forex trading, Social trading, Share Dealing.

With Virtual Brokers you will need a minimum deposit of $1000. You can sign up for a demo account to acquaint yourself with Virtual Brokers platform.

Virtual Brokers are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Virtual Brokers safe?

When choosing a broker like Virtual Brokers the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years Virtual Brokers have a head office in Canada.

Virtual Brokers is regulated. This means Virtual Brokers are supervised by and is checked for conduct by the The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Virtual Brokers, this will be honored. If Virtual Brokers violate any regulatory rules their regulated status could be stripped.

Any payments funded to Virtual Brokers accounts by traders are held in a segregated bank account.

For added security Virtual Brokers use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Virtual Brokers. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Virtual Brokers

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker virtualbrokers XTB eToro Pepperstone
Year Established 2008 2002 2006 2010
Head Office Canada Poland Cyprus, UK Australia
Regulation The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes No Yes
Guaranteed Stop Loss Yes No No
Learn More Visit Virtual Brokers Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Virtual Brokers Pros and Cons

What we like about Virtual Brokers

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)
  • Min. deposit from $1000

What we don't like about Virtual Brokers

Virtual Brokers Financial Regulation and Supervision in more detail

We have checked and Virtual Brokers is regulated and supervised by reputable organisations. You are able to check every Virtual Brokers supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Virtual Brokers. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Virtual Brokers traders and provide a safe trading environment.

Virtual Brokers is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Virtual Brokers you should be sure they're legitimate online agent.

Virtual Brokers General Fees

  • Virtual Brokers withdrawal fees varies on payment method
  • Virtual Brokers does charge inactivity fees
  • Virtual Brokers does charge deposit fees
Broker virtualbrokers XTB eToro Pepperstone
Min Deposit 1000 0 200 200
Withdrawl Fees varies varies Yes No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

Virtual Brokers Commissions

  • Virtual Brokers does charge commission on CFD instruments.

What can you trade with Virtual Brokers?

You can trade a wide variety of instruments with Virtual Brokers over 250 instruments infact.

If you are looking at trading currency pairs Virtual Brokers offer over currency pairs.

Compare Virtual Brokers with XTB and eToro below.

Your capital is at risk

Broker virtualbrokers XTB eToro Pepperstone
Instruments Available 250 1,500 100 100
Platforms MT4,Desktop,iPhone/iOS MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Virtual Brokers Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Virtual Brokers Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit Virtual Brokers Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 1696 957 60
UK Shares No Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on Virtual Brokers web platforms and other applications

Virtual Brokers offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Virtual Brokers also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See virtualbrokers's platforms

Virtual Brokers Trading benefits :

Virtual Brokers Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try Virtual Brokers before I buy?

Virtual Brokers offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Virtual Brokers withdrawl and funding methods.

Virtual Brokers offer the below funding payment methods. learn more about Virtual Brokers

  • Credit cards
  • PayPal
  • Skrill
  • Neteller
Broker virtualbrokers XTB eToro Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with Virtual Brokers?

When opening a trading account with Virtual Brokers, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Virtual Brokers trading platforms here.

Performing trades with Virtual Brokers

Virtual Brokers allow you to execute a minimum of trade of $ 1.99. This may vary depending on the account you open. Virtual Brokers allow you to execute a maxium trade of $ 7.99.

As a market maker, Virtual Brokers may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Virtual Brokers

To trade effectively with Virtual Brokers, it's important to get a have a good understanding of the XTB trading tools and the markets.

Virtual Brokers offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Virtual Brokers.

Take time to look around the Virtual Brokers platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Virtual Brokers

Virtual Brokers support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Virtual Brokers have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. Virtual Brokers offer email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Virtual Brokers

We tested the Virtual Brokers live chat and it works well. We sent messages to Virtual Brokers livechat through their app and website and recieved a response within 20 minutes.

We tested communicating with Virtual Brokers support in multiple languages in multiple countries. Virtual Brokers where able to resolve our customer issues.

Email Support at Virtual Brokers

We sent several emails to Virtual Brokers and answer times overall were excellent. The fastest response from Virtual Brokers was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with Virtual Brokers, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Virtual Brokers.

Phone Support at Virtual Brokers

We called Virtual Brokers and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Virtual Brokers phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Virtual Brokers team by calling in varying languages. Virtual Brokers made an effort to make sure our queries were answered.

Overall the phone support from Virtual Brokers was average.

See how Virtual Brokers Support Compares Against Other Brokers

Broker virtualbrokers XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Virtual Brokers Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Virtual Brokers

As Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Virtual Brokers's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Virtual Brokers you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.virtualbrokers.com/ on 12th August 2018.

Is Virtual Brokers A Good Broker?

We spent over 3 months examining Virtual Brokers in depth. Although we found some very useful aspects of the Virtual Brokers platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Virtual Brokers broker.

  • Virtual Brokers have a good track record of offering Forex trading, Social trading, Share Dealing.
  • Virtual Brokers has a history of over 10 years.
  • Virtual Brokers has a reasonable sized client support call center of at least 10.
  • Virtual Brokers are regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF). This means Virtual Brokers fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Virtual Brokers have regulation from a Tier 1 reputable country.
  • Virtual Brokers has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Virtual Brokers have an international presence in multiple countries. This includes local Virtual Brokers seminars and training.
  • Virtual Brokers are able to hire people from various locations in the world who can better communicate in your local language.

Virtual Brokers Risk Disclaimer

Your capital is at risk

Virtual Brokers not quite right?

Check out these Virtual Brokers Alternatives

We have spent years researching the best alternatives to Virtual Brokers. Click the links below to learn more.

If you feel some of the above Virtual Brokers are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Virtual Brokers alternatives below.

Related Virtual Brokers Comparisons

If you would like to see how Virtual Brokers stands up against other brokers you can read some of our Virtual Brokers comparisons below. We compare side by side some of our top rated Virtual Brokers versus comparisons. Read some indepth Virtual Brokers VS pages below.

VIRTUAL BROKERS Frequently Asked Questions

Can I try Virtual Brokers before I buy?

Virtual Brokers offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Virtual Brokers accept?

Virtual Brokers offer the following funding payment methods accept Credit cards, PayPal, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is Virtual Brokers safe?

Virtual Brokers are considered safe as they are regulated by and checked for conduct by the The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF). Any payments funded to Virtual Brokers accounts by traders are held in a segregated bank account. For added security Virtual Brokers use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Virtual Brokers trading good?

Virtual Brokers is considered good and reputable to trade with. Virtual BrokersVirtual Brokers is used by over Virtual Brokers active traders. Virtual Brokers offers Forex trading trading, Social trading trading, and Share Dealing trading. Minimum deposit with Virtual Brokers is mindeposit.

Is Virtual Brokers trading Legit?

Virtual Brokers was founded in Canada in 2008. Virtual Brokers has been facilitating trade on the financial markets for over 12 years. Virtual Brokers offers clients Forex trading trading, Social trading trading, and Share Dealing trading. All funds deposited to Virtual Brokers are held in segregated tier 1 bank accounts for security. Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) so can be considered legit.

Is Virtual Brokers a good broker?

Virtual Brokers is overseen by the top tier financial regulators The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) so can be considered a good broker.Virtual Brokers allows Forex trading trading, Social trading trading, and Share Dealing trading.

Is Virtual Brokers trustworthy broker?

Virtual Brokers can be considered trustworthy. All money funded to Virtual Brokers is placed into a segregated tier 1 bank account. this means your money in not held by Virtual Brokers directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF).

What is the minimum deposit for Virtual Brokers?

The minimum deposit to trade with Virtual Brokers is 1000.

How long do Virtual Brokers withdrawals take?

Withdrawing money from Virtual Brokers processing time varies but averages 2-5 days.

Is Virtual Brokers regulated?

Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF).

Is Virtual Brokers a market maker?

Virtual Brokers is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Virtual Brokers?

When opening a trading account with Virtual Brokers, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Virtual Brokers trading platforms here.

Is my money safe with Virtual Brokers?

Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF). One of the most important criteria for traders when choosing a broker like Virtual Brokers is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Virtual Brokers, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Virtual Brokers a con?

Virtual Brokers is regulated and well established having been in business for over 12 years. Virtual Brokers is definitely not a con.

Can you make money with Virtual Brokers?

Although traders have had great success with Virtual Brokers. Trading on the financial markets with Virtual Brokers is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Virtual Brokers have fees?

Virtual Brokers withdrawal fees varies on payment method. Virtual Brokers does charge inactivity fees. Virtual Brokers does charge deposit fees.

When was Virtual Brokers founded?

Virtual Brokers was founded in 2008.

How many people use Virtual Brokers?

Virtual Brokers is used by over 10000 registered traders.

What is Virtual Brokers Headquarters country?

Virtual Brokers has its head quarters office in Canada.

Does Virtual Brokers offer negative balance protection?

Virtual Brokers does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Virtual Brokers offer guaranteed stop loss?

Virtual Brokers does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does Virtual Brokers allow scalping?

Virtual Brokers does not offer scalping.

Does Virtual Brokers allow hedging?

Virtual Brokers does not offer hedging.

Does Virtual Brokers offer CFD trading?

Virtual Brokers does not offer CFD trading.

Does Virtual Brokers offer STP?

Virtual Brokers does not offer STP trading.

How many people use Virtual Brokers?

Virtual Brokers is used by over 10000 traders.

Is Virtual Brokers an ECN broker?

Virtual Brokers does not offer ECN trading.

Does Virtual Brokers offer a demo account?

Virtual Brokers offers a demo account.

Does Virtual Brokers offer an Islamic account?

Virtual Brokers offers a Islamic accounts.

What are the funding methods for Virtual Brokers?

Virtual Brokers accept the following funding methods : Credit cards, PayPal, Skrill, Neteller,

Virtual Brokers review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Virtual Brokers brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Virtual Brokers review written by Mark Hansen of Comparebrokers.co