RBC

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

Is RBC Legit?

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

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).

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).

RBC Fees

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Foreign Exchange Spread Rates

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.

Bonus

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