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RBC Direct Investing Alternatives

May 2019
Our top picks for RBC Direct Investing alternatives
Questrade
Interactive Brokers

The best alternatives to RBC Direct Investing are

  1. Questrade - Canadian stockbroker
  2. Interactive Brokers - US discount broker
  3. Tradestation - US stockbroker
  4. Forex.com - Global FX and CFD broker

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
RBC Direct Investing Questrade Interactive Brokers Tradestation Forex.com
Overall score 4.1 4.3 4.8 4.4 4.3
Fees score 3 stars 3 stars 4 stars 4 stars 3 stars
Account opening score 5 stars 2 stars 3 stars 4 stars 4 stars
Deposit and withdrawal score 2 stars 3 stars 2 stars 2 stars 4 stars
Web platform score 3 stars 3 stars 4 stars 4 stars 4 stars
Markets and products score 2 stars 3 stars 5 stars 2 stars 1 stars
Visit broker Visit broker Visit broker Visit broker Visit broker
69% of retail CFD accounts lose money

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 beginners, investors focusing on the canadian and us markets
  • Questrade is recommended for traders and investors focusing on the canadian and us markets
  • Interactive Brokers is recommended for traders who prefer low fees and a professional trading environment
  • Tradestation is recommended for traders wanting great research tools and preferring the us markets
  • Forex.com is recommended for forex traders looking for great research tools and customer service

Important factors of finding RBC Direct Investing alternatives

So far Brokerchooser has reviewed 57 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.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At RBC Direct Investing this is not a problem as you can have it ready on the same day you registered.

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!

RBC Direct Investing alternatives
RBC Direct Investing

4.1 4 stars

RBC Direct Investing logo

RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC. Its parent company is Royal Bank of Canada which was founded in 1864 and listed on the TSX and NYSE.

RBC Direct Investing is considered safe because it is regulated by a top-tier regulator and its parent company has a long track record, is listed on the stock exchange, and discloses its financials.

Recommended for beginners, investors focusing on the canadian and us markets

Pros
  • Easy and fast account opening
  • High-quality educational tools
  • Great customer service
Cons
  • Outdated mobile trading platform
  • Only US and Canadian markets covered
  • Lack of credit/debit cards and electronic wallets

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Fees 3 stars

RBC Direct Investing has low mutual fund and average stock and ETF fees. There is no inactivity fee as well. On the negative side, the options fees are high and an account fee is charged if you have an account balance less than CAD 15,000.
Pros
  • No inactivity fee
  • No mutual fund trading fee
Cons
  • High options fees
  • Account fee is charged for balances less than CAD 15k
RBC Direct Investing alternatives trading fees
RBC Direct Investing Questrade Interactive Brokers Tradestation Forex.com
Apple benchmark fee $15.1 $10.1 $2.2 $2.2 $22.1
Vodafone benchmark fee - - $17.9 - $30.5
EURUSD benchmark fee - $36.4 $23.0 - $14.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 5 stars

RBC Direct Investing has an easy, fully digital, and fast account opening. There is no minimum deposit and you can choose from a lot of individual account types.
Pros
  • Fully digital
  • No minimum deposit
  • User-friendly
Cons
None
RBC Direct Investing alternatives minimum deposit and account open times
RBC Direct Investing Questrade Interactive Brokers Tradestation Forex.com
Minimum deposit $0 $1,000 $0 $500 $50
Time to open account 1 day >3 days 1-3 days 1-3 days >3 days

Learn more about RBC Direct Investing minimum deposit here.

More Visit broker

Deposit and withdrawal 2 stars

RBC Direct Investing's deposit and withdrawal can be improved. It doesn't accept credit/debit cards and electronic wallets. and the most withdrawal options are charged. As a plus, there is no deposit fee.
Pros
  • No deposit fee
Cons
  • Credit/Debit card not available
  • Most withdrawal options have a fee
  • Less withdrawal and deposit options if not a client of RBC bank.
RBC Direct Investing and alternatives withdrawal options and fees
RBC Direct Investing Questrade Interactive Brokers Tradestation Forex.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No Yes
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $35 $0

More Visit broker

Web trading platform 3 stars

RBC Direct Investing does a great job of covering the basics. Their alert system sending you price alerts and order confirmations are necessities for some investors. Having clear fee and portfolio reports are also very useful. However, they do not offer two-step login yet and the design feels a bit outdated.
Pros
  • Clear fee report
  • Price alerts
  • Order confirmation
Cons
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Poor design
RBC Direct Investing - Web trading platform
RBC Direct Investing and alternatives trading platform scores
RBC Direct Investing Questrade Interactive Brokers Tradestation Forex.com
Web platform score 3 stars 3 stars 4 stars 4 stars 4 stars
Mobile platform score 1 stars 4 stars 4 stars 5 stars 4 stars
Desktop platform score - 4 stars 3 stars 3 stars 3 stars

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

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Markets and products 2 stars

RBC Direct Investing's product offering covers only the Canadian and US markets. You can trade with more asset classes, such as stocks, ETFs, mutual funds, etc. However, the forex, futures, CFD, and crypto asset classes are missing.
RBC Direct Investing and alternatives markets and products
RBC Direct Investing Questrade Interactive Brokers Tradestation Forex.com
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex No Yes Yes No Yes
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes No No
Options Yes Yes Yes Yes No
Futures No No Yes Yes No
CFD No Yes Yes No Yes
Crypto No No Yes No Yes

More Visit broker

Verdict

RBC Direct Investing is regulated by the top-tier IIROC. Its parent company, the Royal Bank of Canada has a banking license and listed on NYSE and TSX stock exchanges.

RBC Direct Investing offers an easy, fully digital, and fast account opening. The education resources are outstanding, they provide a lot of relevant and useful tools. Customer service gives fast and relevant answers.

RBC Direct Investing does, however, have its downfalls. The biggest downfall of the RBC Direct Investing is their mobile app which seems not to have been updated in a few years. The product portfolio covers only the US and Canadian markets. The credit/debit cards and electronic wallets are not provided for money transfer.

Since RBC Direct Investing has great account opening, advanced research and education tools, feel free to give them a try.

RBC Direct Investing
Summary RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.
Fees score 3 stars
Recommended for Beginners, investors focusing on the Canadian and US markets

More Visit broker

RBC Direct Investing alternatives
Questrade

4.3 4 stars

Questrade logo

Questrade was founded in 1999 and it is one of the most popular Canadian brokerage firms. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and member of the Canadian Investor Protection Fund (CIPF).

Questrade is considered safe because it has a long track record and regulated by a top-tier regulator.

Recommended for traders and investors focusing on the canadian and us markets

Pros
  • Superb customer service
  • Solid research tools
  • Great desktop trading platform
Cons
  • Slow account opening process for international customers
  • High inactivity fee
  • No credit/debit cards

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Fees 3 stars

Questrade has average trading fees and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
Cons
  • Inactivity fee
  • High financing rate
RBC Direct Investing vs. Questrade: Trading fees
Questrade RBC Direct Investing
Apple benchmark fee $10.1 $15.1
Vodafone benchmark fee - -
EURUSD benchmark fee $36.4 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 2 stars

For international clients, the process is slow and it requires them to physically mail documents. There is also a high minimum deposit. As a plus, the account opening is easy and fully digital for Canadian citizens.
Pros
  • Full online and easy account opening for Canadian clients
Cons
  • Slow
  • Minimum deposit is higher than $500
  • Complicated account opening for non-Canadian clients
RBC Direct Investing vs. Questrade: Minimum deposit, time to open an account
Questrade RBC Direct Investing
Minimum deposit $1,000 $0
Time to open account >3 days 1 day

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

More Visit broker

Deposit and withdrawal 3 stars

Questrade deposit and withdrawal can be improved. Credit/debit cards are not available, there are only CAD and USD base currencies, and a high fee is charged for wire withdrawals. As a plus, there is no deposit fee and transferring money is easy and user-friendly.
Pros
  • No deposit fee
  • User-friendly
Cons
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
RBC Direct Investing vs. Questrade: Withdrawal options
Questrade RBC Direct Investing
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets Yes No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 3 stars

Questrade's web trading platform offers a simple, intuitive design, a wide variety of order types and price alerts. On the flip side, its customizability is limited, a two-step login process is not available, and doesn't offer a clear fee report.
Pros
  • User-friendly
  • Good variety of order types
  • Price alerts
Cons
  • No clear fee report available
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
Web trading platform of Questrade, a RBC Direct Investing alternative
RBC Direct Investing vs. Questrade: Trading platform scores
Questrade RBC Direct Investing
Web platform score 3 stars 3 stars
Mobile platform score 4 stars 1 stars
Desktop platform score 4 stars -

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

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Markets and products 3 stars

At Questrade, you can trade with almost all asset classes, only futures and crypto are missing. However, the offered products cover only the US and Canadian markets.
RBC Direct Investing vs. Questrade: Markets and products
Questrade RBC Direct Investing
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures No No
CFD Yes No
Crypto No No

More Visit broker

Verdict

Questrade is the fastest growing online brokerage firm in Canada and for a good reason.

Their customer service is outstanding, they provide relevant information in a quick manner. Questrade's research tools are advanced. The desktop trading platform offers a lot of tools and user-friendly.

Questrade has some shortcomings, however. Even though the account opening process for Canadians is quick and easy, it's slow and time-consuming for international customers. They charge a high inactivity fee for accounts with $5,000 or less if no trades are made for a quarter year. Lastly, you can't use credit/debit cards for money transfer.

Since Questrade has advanced research tools, a wonderful trading platform and offers excellent customer service, feel free to try it.

Questrade
Summary Questrade is a Canadian online brokerage firm. Questrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).
Fees score 3 stars
Recommended for Traders and investors focusing on the Canadian and US markets

More Visit broker

RBC Direct Investing alternatives
Interactive Brokers

4.8 5 stars

Best online broker

Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for traders who prefer low fees and a professional trading environment

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee
RBC Direct Investing vs. Interactive Brokers: Trading fees
Interactive Brokers RBC Direct Investing
Apple benchmark fee $2.2 $15.1
Vodafone benchmark fee $17.9 -
EURUSD benchmark fee $23.0 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 3 stars

The account opening process is fully digital, but slow and complicated.
Pros
  • Fully digital
  • No minimum deposit for most accounts
Cons
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
RBC Direct Investing vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers RBC Direct Investing
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

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

More Visit broker

Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the negative side, only bank transfer is available.
Pros
  • Several account base currencies
  • No charge for the first withdrawal each month
Cons
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
RBC Direct Investing vs. Interactive Brokers: Withdrawal options
Interactive Brokers RBC Direct Investing
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 4 stars

The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Cons
  • Limited customizability (for charts, workspace)
Web trading platform of Interactive Brokers, a RBC Direct Investing alternative
RBC Direct Investing vs. Interactive Brokers: Trading platform scores
Interactive Brokers RBC Direct Investing
Web platform score 4 stars 3 stars
Mobile platform score 4 stars 1 stars
Desktop platform score 3 stars -

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

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Markets and products 5 stars

Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.
RBC Direct Investing vs. Interactive Brokers: Markets and products
Interactive Brokers RBC Direct Investing
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes No
CFD Yes No
Crypto Yes No

More Visit broker

Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. IB is listed on stock exchange and regulated by several authorities, like the top-tier FCA and SEC.
Fees score 4 stars
Recommended for Traders who prefer low fees and a professional trading environment

More Visit broker

RBC Direct Investing alternatives
Tradestation

4.4 4 stars

Tradestation logo

TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange.

TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for traders wanting great research tools and preferring the us markets

Pros
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
Cons
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service

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Fees 4 stars

TradeStation has low trading fees and there are multiple fee structures to choose from. Non-trading fees, like inactivity fees are high.
Pros
  • Low trading fees
  • More fee structures you can choose from
Cons
  • High non-trading fees
RBC Direct Investing vs. Tradestation: Trading fees
Tradestation RBC Direct Investing
Apple benchmark fee $2.2 $15.1
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 4 stars

TradeStation account opening is fully digital and user-friendly. On the other hand, it takes more days until your account is approved.
Pros
  • Fully digital
  • User-friendly
Cons
  • Slow
RBC Direct Investing vs. Tradestation: Minimum deposit, time to open an account
Tradestation RBC Direct Investing
Minimum deposit $500 $0
Time to open account 1-3 days 1 day

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

More Visit broker

Deposit and withdrawal 2 stars

TradeStation deposit and withdrawal can be improved. As a plus, the deposit is free. However, you can use only bank transfer and there is a high, $35 withdrawal fee.
Pros
  • No deposit fee
Cons
  • Credit/Debit card not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
RBC Direct Investing vs. Tradestation: Withdrawal options
Tradestation RBC Direct Investing
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $35 $0

More Visit broker

Web trading platform 4 stars

TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.
Pros
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Cons
  • No clear fee report available
  • No price alerts
Web trading platform of Tradestation, a RBC Direct Investing alternative
RBC Direct Investing vs. Tradestation: Trading platform scores
Tradestation RBC Direct Investing
Web platform score 4 stars 3 stars
Mobile platform score 5 stars 1 stars
Desktop platform score 3 stars -

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

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Markets and products 2 stars

TradeStation gives you access to a wide variety of US products. However, its non-US offer is not competitive. The forex, CFDs and cryptos are missing.
RBC Direct Investing vs. Tradestation: Markets and products
Tradestation RBC Direct Investing
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond No Yes
Options Yes Yes
Futures Yes No
CFD No No
Crypto No No

More Visit broker

Verdict

TradeStation is a great US broker.

The mobile platform is very user-friendly with many functions. It also offers great research tools, including a wide range of analytical tools. Lastly, education is well-structured and high-quality. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. It lacks many asset classes, e.g. forex or CFDs. The customer service can be improved as the response time at email and chat support are very slow.

Feel free to try TradeStation if you prefer Recommended for buy and hold investors with any experience level.

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, the top-tier US regulator.
Fees score 4 stars
Recommended for Traders wanting great research tools and preferring the US markets

More Visit broker

RBC Direct Investing alternatives
Forex.com

4.3 4 stars

Forex.com logo

Forex.com was founded in 2001 and it is a global forex broker. It is regulated by top tier regulators, like the UK FCA or the US CFTC.

Forex.com is considered safe because it has a long track record, its parent company is listed on stock exchange, and is regulated by top-tier regulators.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for great research tools and customer service

Pros
  • Low forex fees
  • Great variety of currency pairs
  • Superb technical research tools
Cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop trading platform

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69% of retail CFD accounts lose money

Fees 3 stars

Forex.com has average trading and average non-trading fees. It has low forex but high stock CFD fees. Its financing rates are low.
Pros
  • No withdrawal fee
  • Low financing rate
Cons
  • Inactivity fee
RBC Direct Investing vs. Forex.com: Trading fees
Forex.com RBC Direct Investing
EURUSD benchmark fee $14.6 -
EURGBP benchmark fee $15.7 -

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

More Visit broker
69% of retail CFD accounts lose money

Account opening 4 stars

Forex.com account opening is fully digital and you can choose from more account types. But, the account opening can take more days.
Pros
  • Fully digital
  • User-friendly
  • Many account types
Cons
  • Slow
RBC Direct Investing vs. Forex.com: Minimum deposit, time to open an account
Forex.com RBC Direct Investing
Minimum deposit $50 $0
Time to open account >3 days 1 day

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

More Visit broker
69% of retail CFD accounts lose money

Deposit and withdrawal 4 stars

Forex.com deposit and withdrawal are free and user-friendly. However, the withdrawal can take long.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • Lengthy withdrawal - over 3 days
RBC Direct Investing vs. Forex.com: Withdrawal options
Forex.com RBC Direct Investing
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker
69% of retail CFD accounts lose money

Web trading platform 4 stars

Forex.com web trading platform is user-friendly and extremely customizable. It has also a lot of order types. On the flip side, there is no two-step login and we found a couple of bugs.
Pros
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Cons
  • No two-step (safer) login
  • Bugs
Web trading platform of Forex.com, a RBC Direct Investing alternative
RBC Direct Investing vs. Forex.com: Trading platform scores
Forex.com RBC Direct Investing
Web platform score 4 stars 3 stars
Mobile platform score 4 stars 1 stars
Desktop platform score 3 stars -

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

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69% of retail CFD accounts lose money

Markets and products 1 stars

At Forex.com, you can trade only with forex, CFDs, and cryptos. Other asset classes, like real stocks or funds, are not available.
RBC Direct Investing vs. Forex.com: Markets and products
Forex.com RBC Direct Investing
Stock No Yes
ETF No Yes
Forex Yes No
Fund No Yes
Bond No Yes
Options No Yes
Futures No No
CFD Yes No
Crypto Yes No

More Visit broker
69% of retail CFD accounts lose money

Verdict

In our Forex.com review, we tested Forex.com thoroughly and here is the verdict.

On the bright side, it has low forex fees, many currency pairs, high-quality research tools, and great customer support.

It has some drawbacks though. The product portfolio is limited, the stock CFD fees are quite high, and the desktop platform is not easy-to-use.

As there is no withdrawal fee and inactivity fee only kicks in after one year, feel free to try it out.

Forex.com
Summary Forex.com is a global forex and CFD broker, regulated by the top-tier regulators, like FCA. Its parent company, GAIN Capital is listed on the New Yorsk Stock Exchange.
Fees score 3 stars
Recommended for Forex traders looking for great research tools and customer service

More Visit broker
69% of retail CFD accounts lose money

RBC Direct Investing alternatives
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 Info Recommended for
RBC Direct Investing Canadian discount stock broker Beginners, investors focusing on the Canadian and US markets
Questrade Canadian stockbroker Traders and investors focusing on the Canadian and US markets
Interactive Brokers US discount broker Traders who prefer low fees and a professional trading environment
Tradestation US stockbroker Traders wanting great research tools and preferring the US markets
Forex.com Global FX and CFD broker Forex traders looking for great research tools and customer service

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

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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