Virtual Brokers Review for 2019

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

Virtual Brokers Introduction

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.

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 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 , and in operation for 2019 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) and the 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.

What we like

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

What we don't like

Virtual Brokers General Fees

  • Virtual Brokers withdrawal fees varies on payment method
  • Virtual Brokers does charge inactivity fees

Virtual Brokers Commissions

  • Virtual Brokers does charge commission on CFD shares

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 Plus500 and XTB below.

Your capital is at risk

FX / Currencies virtualbrokers Plus500 XTB
# of forex pairs offered 100 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes Yes
Exotic forex pairs No Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Virtual Brokers Plus500 XTB
# of commodities offered 17 17
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Virtual Brokers Plus500 XTB
# of Stocks offered 1816 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
virtualbrokers's
Instruments
Plus500's
Instruments
XTB's
Instruments

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:

  • 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

What funding methods do Virtual Brokers accept?

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

  • Credit cards
  • PayPal
  • Skrill
  • Neteller

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.

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

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) and the 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.

VIRTUAL BROKERS Frequently Asked Questions

Can I try Virtual Brokers before I buy?

Virtual Brokers do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Virtual Brokers accept?

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

Your capital is at risk

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) and the 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.