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ONLINE BROKERAGE REVIEW

RBC Direct Investing Review 2022

Updated June 16, 2022

Quick Info

  • Standard Equity Commission
    $9.95
  • Best Commission Price
    $6.95
  • Minimum to Open Account
    Not Required
  • Maintenance/Inactivity Fees
    $25/Quarter
  • Commission-free ETF Trading
    No
  • Young Investor Offer
    Yes (students)

HIGHLIGHTS

3.1/5 (3)

RBC Direct Investing has been working toward improving the functionality, pricing, and features of their online trading platform. In 2014, they caused a major pricing shift amongst Canadian online brokerages by lowering their standard commission pricing to $9.95 per trade.

As a bank-owned brokerage, RBC Direct Investing offers the convenience of being able to manage multiple financial products via the RBC online platform. The integration with RBC banking plans may enable clients to avoid paying certain account fees at RBC Direct Investing.

Another thing that makes RBC Direct Investing stand out from their bank-owned online brokerage peers is their community feature. The community section allows comparison with other investors, provides educational support, and contains a moderated forum for asking questions to the community or RBC Direct Investing.

RBC Direct Investing Full Review

What Account Types does RBC Direct Investing offer?

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    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for RBC Direct Investing

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    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by RBC Direct Investing

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RBC Direct Investing Rankings & Reviews for 2022

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  • Sorry, no data is available.

How can I contact RBC Direct Investing customer support?

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What do people think of RBC Direct Investing?

This-Holiday5746
CanadianInvestor
6/18/2022
I use RBC Direct Investing for my TFSA and RRSP account. I will probably be laughed at for using RBC. As the trading fees are not cheap. I like it for the research LVL 1 and LVL 2 quotes. I can very quickly trade in and out of ETFs. I get paid fairly quickly on dividend settlements compared to fiends that use other trading platforms. I guess what I am trying to say : I don’t mind paying for the service as I see the value in it. Quick settlements between TFSA and bank account is important to me
canuckinchina
CanadianInvestor
6/17/2022
Same here. I get my overseas $5 ATM withdrawal fees reversed as well as the annual fee on my premium credit card and was offered a great promo rate on my cash in my HISA. If I want to do a deep dive into one of my holdings in my RBC Direct Investing account, I plug it into IE and do research there.
canuckinchina
CanadianInvestor
6/17/2022
I've been with CIBC Investors' Edge for 20?+ years. Really like it. Has everything I need with lots of research. I recently opened a RBC Direct Investing account to get a promo rate on a HISA. I don't like it as well and there are some pretty basic things missing. Not sure I understand what you mean by 'most trustworthy'. Stability of the platform?
canuckinchina
CanadianInvestor
6/17/2022
I've been with CIBC Investors' Edge for 20?+ years. Really like it. Has everything I need with lots of research. I recently opened a RBC Direct Investing account to get a promo rate on a HISA. I don't like it as well and there are some pretty basic things missing. Not sure I understand what you mean by 'most trustworthy'. Stability of the platform?
canuckinchina
CanadianInvestor
6/17/2022
I've used CIBC Investors' Edge for 20+ years. It has everything I need. It helps that it's my primary bank. I recently started a TFSA with RBC Direct Investing (to get a promo rate on a HISA) and I'm not a fan. No comparison to CIBC's IE. I'm not sure I understand what you mean by "most trustworthy". Stability of the trading platform?