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RBC Direct Investing Alternatives

Written by
Oskar G.
Fact checked by
Adam N.
Updated
Jan 2024
Our top alternative brokers to RBC Direct Investing

The best alternatives to RBC Direct Investing are

  1. Qtrade Direct Investing - Canadian stockbroker
  2. Questrade - Canadian stockbroker
  3. TD Ameritrade - US-based stockbroker
  4. Interactive Brokers - International broker providing all asset classes

Let's see in a bit more detail how the RBC Direct Investing alternatives compare to RBC Direct Investing and each other:

RBC Direct Investing alternatives comparison
Overall score
3.9 stars 4.0 stars 4.5 stars 4.7 stars 4.9 stars
Fees score
3.2 stars 2.9 stars 3.2 stars 3.9 stars 4.3 stars
Account opening score
4.4 stars 4.4 stars 3.1 stars 4.4 stars 3.1 stars
Deposit and withdrawal score
1.9 stars 2.6 stars 3.7 stars 1.6 stars 3.3 stars
Web platform score
2.9 stars 3.8 stars 3.8 stars 4.3 stars 4.3 stars
Markets and products score
2.3 stars 2.6 stars 4.1 stars 3.8 stars 5.0 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to RBC Direct Investing? There are many areas based on which RBC Direct Investing can be compared with others. When we say a given online broker is a good alternative to RBC Direct Investing we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

RBC Direct Investing alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • RBC Direct Investing is recommended for investors, including beginners, focusing on the canadian and us markets
  • Qtrade Direct Investing is recommended for investors, including beginners, who focus on the canadian and us markets
  • Questrade is recommended for traders and investors focusing on the canadian and us markets
  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
  • Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment

Important factors of finding RBC Direct Investing alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether RBC Direct Investing or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts RBC Direct Investing charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than RBC Direct Investing.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at RBC Direct Investing, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given RBC Direct Investing alternative is a must.


Now let's dive into the details of how RBC Direct Investing and its alternatives perform in the most important areas!

Qtrade Direct Investing

Recommended for investors, including beginners, who focus on the Canadian and US markets

Visit broker

Qtrade Direct Investing vs. RBC Direct Investing: Trading fees
US stock
$8.8
$7.4
Qtrade Direct Investing vs. RBC Direct Investing: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in Qtrade Direct Investing minimum deposit, this overview will help you.

Qtrade Direct Investing vs. RBC Direct Investing: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of Qtrade Direct Investing, a RBC Direct Investing alternative
Qtrade Direct Investing vs. RBC Direct Investing: Trading platform scores
Web platform score
3.8 stars 2.9 stars
Mobile platform score
3.3 stars 1.2 stars
Desktop platform score
- -

Learn more about Qtrade Direct Investing's web trading platform in the detailed Qtrade Direct Investing review.

Visit broker

Qtrade Direct Investing vs. RBC Direct Investing: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
No No
CFDs
No No
Crypto
No No

Questrade

Recommended for traders and investors focusing on the Canadian and US markets

Visit broker

Questrade vs. RBC Direct Investing: Trading fees
US stock
$5.0
$7.4
Questrade vs. RBC Direct Investing: Minimum deposit, time to open an account
Minimum deposit
$1,000
$0
Time to open account
1 day 1-3 days

If you are interested more in Questrade minimum deposit, this overview will help you.

Questrade vs. RBC Direct Investing: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
Yes No
Withdrawal fee
$0
$0
Web trading platform of Questrade, a RBC Direct Investing alternative
Questrade vs. RBC Direct Investing: Trading platform scores
Web platform score
3.8 stars 2.9 stars
Mobile platform score
4.8 stars 1.2 stars
Desktop platform score
4.3 stars -

Learn more about Questrade's web trading platform in the detailed Questrade review.

Visit broker

Questrade vs. RBC Direct Investing: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
No No
CFDs
Yes No
Crypto
No No

TD Ameritrade

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Visit broker

TD Ameritrade vs. RBC Direct Investing: Trading fees
US stock
$0.0
$7.4
TD Ameritrade vs. RBC Direct Investing: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in TD Ameritrade minimum deposit, this overview will help you.

TD Ameritrade vs. RBC Direct Investing: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of TD Ameritrade, a RBC Direct Investing alternative
TD Ameritrade vs. RBC Direct Investing: Trading platform scores
Web platform score
4.3 stars 2.9 stars
Mobile platform score
4.8 stars 1.2 stars
Desktop platform score
4.5 stars -

Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.

Visit broker

TD Ameritrade vs. RBC Direct Investing: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes
No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
Yes
No

Interactive Brokers

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

Interactive Brokers vs. RBC Direct Investing: Trading fees
US stock
$1.0
$7.4
UK stock
$3.8
-
German stock
$3.2
-
Interactive Brokers vs. RBC Direct Investing: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

Interactive Brokers vs. RBC Direct Investing: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No
No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of Interactive Brokers, a RBC Direct Investing alternative
Interactive Brokers vs. RBC Direct Investing: Trading platform scores
Web platform score
4.3 stars 2.9 stars
Mobile platform score
4.3 stars 1.2 stars
Desktop platform score
4.3 stars -

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

Visit broker

Interactive Brokers vs. RBC Direct Investing: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes No
CFDs
Yes No
Crypto
Yes
No

RBC Direct Investing

Recommended for investors, including beginners, focusing on the Canadian and US markets

RBC Direct Investing alternatives trading fees
US stock
$7.4
$8.8
$5.0
$0.0
$1.0
RBC Direct Investing alternatives minimum deposit and account open times
Minimum deposit
$0
$0
$1,000
$0
$0
Time to open account
1-3 days 1-3 days 1 day 1-3 days 1-3 days

Learn more about RBC Direct Investing minimum deposit here.

RBC Direct Investing and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
No No No No No
Electronic wallets
No No Yes No No
Withdrawal fee
$0
$0
$0
$0
$0
RBC Direct Investing - Web trading platform
RBC Direct Investing and alternatives trading platform scores
Web platform score
2.9 stars 3.8 stars 3.8 stars 4.3 stars 4.3 stars
Mobile platform score
1.2 stars 3.3 stars 4.8 stars 4.8 stars 4.3 stars
Desktop platform score
- - 4.3 stars 4.5 stars 4.3 stars

Learn more about RBC Direct Investing's web trading platform in the detailed RBC Direct Investing review.

RBC Direct Investing and alternatives markets and products
Stocks
Yes Yes Yes Yes Yes
ETFs
Yes Yes Yes Yes Yes
Forex
No No Yes Yes
Yes
Funds
Yes Yes Yes Yes Yes
Bonds
Yes Yes Yes Yes Yes
Options
Yes Yes Yes Yes Yes
Futures
No No No Yes Yes
CFDs
No No Yes No Yes
Crypto
No No No Yes
Yes

Bottom line

Based on our analysis, there are several good alternatives to RBC Direct Investing. They all offer similar products and target similar customers. Here's a recap of the results in a table.

RBC Direct Investing alternatives
Broker intro
Recommended for
Canadian discount stockbroker Investors, including beginners, focusing on the Canadian and US markets
Canadian stockbroker Investors, including beginners, who focus on the Canadian and US markets
Canadian stockbroker Traders and investors focusing on the Canadian and US markets
US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform
International broker providing all asset classes Traders looking for broad market access and a professional trading environment

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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Author of this article

Oskar Golebiowski
Oskar Golebiowski

Oskar is a former Canadian broker expert for BrokerChooser. Oskar's goal is to bring transparency to investors in the Canadian stock brokerage market. With a bachelor’s degree in finance and over 3 years of business experience, Oskar has tested many different investing platforms in the past. His aim is to provide unbiased and honest reviews of the best tools available to Canadian investors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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