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RBC -

Score

6.64 /10
Average

RBC

Canada

5-10 years

Regulated in Canada

Market Maker (MM)

Global Business

Medium potential risk

https://www.rbcdirectinvesting.com/index.html

Influence

A

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Score

Regulatory Index6.32

Business Index7.13

Risk Management Index8.90

Software Index5.69

License Index6.32

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

RBC Direct Investing Inc.

Company Abbreviation

RBC

Platform registered country and region

Canada

Company website

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WikiFX Risk Alerts
Previous Detection : 2025-07-02
  • The current information shows that this broker does not have a trading software. Please be aware!

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RBC

Canada

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2025-07-02
RBC · Company summary
RBC Review Summary
Registered On2001-12-11
Registered Country/RegionCanada
RegulationRegulated
Investment ProductsStocks, Options, New issues/IPOs, ETFS, Mutual Funds, GICs, Bonds, Gold, and Silver
Trading PlatformOnline investment platform, RBC Mobile App (Mobile)
Customer SupportToll-Free: 1-800-769-2560
Overseas: 1-416-977-1255
Cantonese and Mandarin: 1-800-667-8668 or 416-313-8611
Fax: 1 (888) 722-2388

RBC Information

RBC Direct Investing is a self-directed investment platform under the Royal Bank of Canada (RBC), strictly regulated. It offers various investment services, including stocks, options, ETFs, mutual funds, and bonds, covering 18 global markets such as Canada and the United States. Supporting three trading methods—the online platform, mobile app, and professional trading dashboard—it caters to all types of investors, from beginners to seasoned traders.

Pros and Cons

Pros Cons
RegulatedUnspecific account information
Low commission structure (as low as $6.95 per trade)Maintenance fee threshold
Clear fee informationSpread as high as 1.6% (USD-CAD)
Flexible trading platforms

Is RBC Legit?

The Canadian Investment Regulatory Organization regulates RBC, with its license number being unreleased, and RBC strictly adheres to Canadian securities regulations.

regulates
regulates

What Can I Trade on RBC?

RBC offers Canadian and U.S. stocks, including common and preferred shares, newly issued stocks, options, rights and warrants, equity, fixed income, and money market mutual funds, exchange-traded funds (ETFs), and fixed income investments such as treasury bills, bonds, and guaranteed investment certificates (GICs).

ProductsTradable Instruments Supported
Equity InvestmentsStocks✔
Options✔
New issues/lPOs✔
Built-in DiversificationETFs✔
Mutual Funds✔
Fixed-Income InvestmentsGICs✔
Bonds✔
Precious MetalsGold and Silver✔
stocks

Account Type

RBC offers registered accounts with tax benefits and non-registered accounts.

Registered Accounts

TFSA (Tax-Free Savings Account)

RRSP (Registered Retirement Savings Plan)

FHSA (First-Time Home Savings Account)

RESP (Registered Education Savings Plan)

RRIF (Registered Retirement Income Fund)

Non-Registered Accounts

Cash accounts, margin accounts, and corporate/trust accounts for institutional investors (supporting corporate/partnership structures).

Accounts

RBC Fees

commossion

AssetsCommission Details
Stock/ETF TradingOnline: $9.95 per trade (fewer than 150 trades per quarter), $6.95 per trade (150+ trades per quarter)
Options TradingOnline: $9.95 per trade + $1.25 per contract (low frequency), $6.95 per trade + $1.25 per contract (high frequency)
Mutual Fund Purchases1% commission ($50 maximum)
Gold$28.95 + $1 per ounce
Silver$28.95 + $0.10 per ounce
Fixed IncomeStarting from $25 per transaction
commossion

Foreign Exchange Spread Rates

Transaction Amount (USD)Spread (bps)Spread (%)
$0 to $24,9992301.6%
$25,000 to $99,9991451.0%
$100,000 to $499,999850.6%
$500,000 to $999,999500.4%
$1,000,000 to $1,999,999250.2%
$2,000,000.01 plusNo more than 10 bps0.1%

If the assets are less than $15,000, a quarterly maintenance fee of $25 is required (waiver available). Additionally, wire transfers within Canada or the U.S. cost $45 per transaction.

Trading Platform

RBC offers an online investment platform suitable for comprehensive analysis, providing a demo account. Additionally, the RBC Mobile App enables convenient mobile trading, while the professional-grade Trading Dashboard tools are tailored for high-frequency traders and institutional investors.

platform

Bonus

Traders who transfer assets of ≥ $15,000 will be reimbursed up to $200 for the account transfer fees from their original brokerage.

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Rokie
more than one year
I've been banking and trading with them for a while now, and they've been nothing but solid. First off, the fees. We're all tired of getting nicked for every little thing, right? Well, RBC keeps them low. It's like they understand we don't want our hard-earned money going just to fees. Seriously, it's refreshing not to dread looking at the fee column for a change. Now, let's talk service. It's like night and day compared to some places I've been. Every time I've had a question or hit a snag, their team's been there. Fast, friendly, and actually helpful. Makes you feel like they're really on your side, which, let's be honest, is pretty rare these days.
I've been banking and trading with them for a while now, and they've been nothing but solid. First off, the fees. We're all tired of getting nicked for every little thing, right? Well, RBC keeps them low. It's like they understand we don't want our hard-earned money going just to fees. Seriously, it's refreshing not to dread looking at the fee column for a change. Now, let's talk service. It's like night and day compared to some places I've been. Every time I've had a question or hit a snag, their team's been there. Fast, friendly, and actually helpful. Makes you feel like they're really on your side, which, let's be honest, is pretty rare these days.
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2024-03-08 15:31
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