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ONLINE BROKERAGE REVIEW

RBC Direct Investing Review 2021

Updated July 13, 2021

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

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.

Brokerage Breakdown

ACCOUNT TYPES OFFERED

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    Registered Accounts

    Non-Registered Accounts

ACCOUNT FEES & REQUIREMENTS

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    Registered Accounts

    Non-Registered Accounts

TRADING COMMISSIONS & FEES

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ONLINE BROKERAGE RANKINGS

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  • Sorry, no data is available.

CONTACT

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Investor Feedback

Dustin Boyechko
djpboyechko
9/19/2021
@craigadamsfit @paulseo403 It's crazy looking at my $TGGI balance on RBC Direct Investing with the exchange rate to CDN dollars.
Craig Adams Fitness
craigadamsfit
9/19/2021
@paulseo403 $TGGI - I bought on RBC Direct Investing
TheMonkler
Superstonk
9/18/2021
Not sure you’re right about that, I called my Broker (RBC Direct Investing) and they said CS needs to contact them to transfer over.
JoSenz
Superstonk
9/18/2021
RBC Direct Investing gave me the same message when I told them what I wanted to do. I simply told the rep I wasn't worried about lending, just wanted to have the shares registered in my name with the authorized transfer agent.
JoSenz
Superstonk
9/17/2021
Canadape here: I just spoke to an agent with RBC Direct Investing and he told me that the fee would be a flat fee of $50. RBC DI would mail me a certificate stating that I have 20 shares of GME (this would convert them to physical certificates, thus pulling them out of my RBC DI account). This process would take 4-6 weeks to receive them. Then I would need to send my certificate that I received from RBC DI to Computershare for them to convert my "physical" certificates into digital in their system. He advised me to speak with Computershare regarding the process, but he said this is how it would work as an RBC DI client. I'll have to reach out to Computershare to get their take on this process, but I haven't seen anything on here dealing with RBC so I thought I'd include it. If anyone else has experience with them I'd appreciate some insight!