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

Registered Accounts

✓ TFSA
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RRSP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RESP
- US Dollar Account Available?
  
  X

Non-Registered Accounts

✓ Cash
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ Margin
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

ACCOUNT FEES & REQUIREMENTS

Registered Accounts

✓ TFSA
- Minimum Opening Balance
  
  $0
- Minimum Balance Required
  
  $0
- Annual Charge
  
  $0
- Transfer Out
  
  $135
- Withdrawals
  
  $0
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.
✓ RRSP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $135
- Withdrawals
  
  Home Buyers’ Plan and Life Long Learning Plan withdrawals: $25
  Others: $50
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.
✓ RESP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $135
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.

Non-Registered Accounts

✓ Cash
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $135
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.
✓ Margin
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $135
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.
✓ Inactivity Fees
- Inactivity or Maintenance Fees
  
  $25/Quarter
✓ Fee Waiver Conditions
- A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.

TRADING COMMISSIONS & FEES

Equity
- Minimum commission per trade
  
  $6.95
- Maximum commission per trade
  
  $9.95
- Standard commission per trade
  
  $9.95
- Best commission per trade
  
  $6.95
ETF
- Commission-free ETF Trading Available?
  
  X
Options
- Standard Base option commission fee
  
  $9.95
- Standard per contract commission
  
  $1.25
- Assignment and Exercise Commission
  
  $35 + $1.75 per contract (min. $43)

ONLINE BROKERAGE RANKINGS

Sorry, no data is available.

CONTACT

Website

https://www.rbcdirectinvesting.com/

Phone

1-844-206-6850

Customer Service Hours

Mon-Fri: 7am-8pm (ET)

Mailing Address

200 Bay Street, North Tower P.O. Box 75 Toronto, ON M5J 2Z5

INDEX

ONLINE BROKERAGE REVIEW

RBC Direct Investing Review 2021

Quick Info

HIGHLIGHTS

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ RRSP

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ RESP

US Dollar Account Available?

X

Non-Registered Accounts

✓ Cash

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ Margin

US Dollar Account Available?

✓

US Dollar Fee

No fee

ACCOUNT FEES & REQUIREMENTS

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

Minimum Opening Balance

$0

Minimum Balance Required

$0

Annual Charge

$0

Transfer Out

$135

Withdrawals

$0

US Dollar Account

0

Fee Waiver Condition

A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.

✓ RRSP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$0.00

Transfer Out

$135

Withdrawals

Home Buyers’ Plan and Life Long Learning Plan withdrawals: $25Others: $50

US Dollar Account

0

Fee Waiver Condition

A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.

✓ RESP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$0.00

Transfer Out

$135

Fee Waiver Condition

A maintenance fee of $25 per quarter may apply unless the client meets at least one condition: has combined assets $15,000+; has signed up for Pre-Authorized Contribution $100+/month; or has 3+ trades in past quarter; or has RBC student banking account; or has RBC VIP package.

Non-Registered Accounts

Home Buyers’ Plan and Life Long Learning Plan withdrawals: $25
Others: $50