TORONTO, Jan. 12, 2016 /CNW/ - Virtual Brokers ("VB"), the top ranked* and most innovative Canadian online broker, is changing the industry once again with its unique Commission-Free Trading Account^, where the customer can trade equities for free. VB is raising the bar one more time and taking the discount brokerage playing field to another level.
Unlike other major brokerage firms in Canada which use 3rd party clearing systems, BBS Securities ("BBS") and its division VB use a proprietary clearing system, Pario. This gives VB higher margins and in turn, the benefit is conferred to its customers.
"We pride ourselves on the merit of finding ways to add value to our clients. Active traders are cost sensitive and in these difficult markets cost is a major issue. Our Commission-Free Trading Account is meant to reduce, and in some instances eliminate their variable cost, improving their P&L and giving them a clearer visibility to their variable cost. All clients have to do is to subscribe to one of our listed trading platforms and we offer a variety of them. I urge you to visit our website where our commission-free calculator provides you with your estimated commission savings." said Bardya Ziaian, CEO and President of Virtual Brokers and BBS Securities Inc.
About BBS Securities Inc. ("BBS") and Virtual Brokers ("VB"). Founded in 2008, BBS and VB have completely revolutionized the online trading brokerage environment. Committed to helping their clients succeed, they consistently introduced new and unique products, delivered effective tools at a competitive cost, and equipped clients with trading platforms that offer a high level, reliable trading experience. Powered with innovative technologies and a deep understanding of financial markets, VB provides superior trade execution services to investors, traders and investment counsellor portfolio managers.
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 Securities Exchange (CSE), Aequitas NEO, Alpha, Pure, Chi-X, and Omega.
Member of Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund.
* Virtual Brokers is Canada's Best Ranked Online Broker, The Globe and Mail 17th Annual Rankings, Rob Carrick, December 4, 2015.
^ Terms and conditions apply, visit www.virtualbrokers.com for details.
SOURCE Virtual Brokers
Image with caption: "Virtual Brokers (CNW Group/Virtual Brokers)". Image available at: http://photos.newswire.ca/images/download/20160112_C6675_PHOTO_EN_596509.jpg
For further information: Kambiz Vatanabadi, Chief Operating Officer, [email protected], 1-877-310-1088