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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

3.5/5 (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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RBC Direct Investing Downtime Report

RBC Direct Investing down? Submit an incident report using our exclusive online brokerage outage tracker and view reported incidents from other users.

Click here to view current RBC Direct Investing Downtime Report

What do people think of RBC Direct Investing?

Nicole Teabo
JaydensMom77
11/29/2022
@clint4r3al @TradingSecrets7 Seems like I'm still able to buy on RBC Direct Investing
bramptonjerry
PersonalFinanceCanada
11/27/2022
actually this is where I find myself currently switching over to RBC direct investing and moving into XBAL, ZBAL, or VBAL. It will result in roughly $13,000 a year savings for me and consequently less profit for the bank we all hold shares in. I know it seems likely a grain of sand on the beach, but things have changed so much over the last few years alone. Cannot we foresee a day when this will be hurting all of us in the end?...I don't know the answer, I'm not advocating for high fees but what do you see the end result being say 10 years from now?
SuspiciousAd4420
wallstreetbets
11/26/2022
Also Questrade here. IBKR is good too, and RBC Direct Investing is pretty solid. Do not use Wealthsimple.
MagnusYYZ
PersonalFinanceCanada
11/25/2022
Investments at all institutions covered by CIPF are "safe". Even if you want to have a "bank" investment account, what you want is a account with the bank-owned brokerage (e.g. RBC Direct Investing, Scotia iTrade, TD Direct Investing, etc.). If you just walk into a branch and ask for a TFSA, you will likely end up with a type of account that can only hold proprietary products sold by that particular bank. That might be okay for some, but it is not optimal even for those who want an "easy" investment experience.
yoshiiBeans
CanadianInvestor
11/24/2022
Probably not the best place to ask it but giving it a shot... RBC Direct Investing, I am stuck with it because it is my work's RRSP program. I have some cash that I am saving for HBP and need something to earn some yield. HISA, CASH, PSA all are blocked from purchasing. It won't let me buy RBC Mutual funds. Is there something I am missing here? What the **** can I do