Virtual Brokers' client centric culture of innovation is proud to
deliver "The Penny" commission, an unbeatable new commission structure, and two new online
investing products to Canadians.
TORONTO, Nov. 13, 2013 /CNW/ - Today Virtual Brokers announced the
introduction of "The Penny" commission structure which allows clients to trade stocks for as low
as one penny per trade. "Our goal is to deliver the lowest online
trading commission and most innovative product line and yet to remain
profitable. We have achieved this by developing our own proprietary
clearing software and becoming self-clearing. We are also proud to have
all of our administrative functions in Canada compared to some of our
competitors who have moved these functions abroad." said Bardya Ziaian,
founder and CEO of Virtual Brokers and BBS Securities Inc.
Virtual Brokers is also launching two new products designed to support
saving and investing for Canadians:
The "Kick Start Investment Program" (KIP) is a revolutionary concept in online investing that helps support young
Canadians to invest and generate savings. KIP is an automated purchase
plan that does not incur any trading fees and will help bring
discipline to young investors interested in maximizing their wealth.
Canada's first Self-Directed Dividend Purchase Plan (Self-Directed DPP) is an innovative plan that is different from
traditional DRIP plans, as this flexible plan allows clients to
redirect their dividends to other eligible stocks or ETFs with flexible purchase intervals.
About BBS Securities Inc. ("BBS") and Virtual Brokers ("VB"):
Founded in 2008, BBS and VB have completely revolutionized the online
trading brokerage environment. They consistently introduce new
products, ultra-low cost pricing, and trading platforms that offer a
high level, reliable trading experience. The company offers a wide
range of products designed to help their clients succeed. Virtual
Brokers ("VB") is a division of BBS Securities Inc. ("BBS"). BBS is Canadian-owned and operated, and is registered in all
provinces and territories of Canada as an Investment Dealer. BBS is a
member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). BBS is also a participant of the Toronto Stock Exchange (TSX), the
TSX Venture Exchange (TSX-V), the Canadian National Stock Exchange
(CNSX), Alpha, Pure, Chi-X, and Omega. VB specializes in providing
outstanding trade execution services to investors, traders and fund
managers who demand excellence. Powered with innovative technologies
and deep understanding of financial markets, VB provides superior
products and services to all of its clients.
SOURCE: Virtual Brokers
For further information:
Chief Operating Officer