Overview of RBC Direct Investing fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates RBC Direct Investing charges.

RBC Direct Investing commission and other fees
RBC Direct Investing commission and other trading fees

The good news is that RBC Direct Investing has low trading fees in general. We ranked the fees of RBC Direct Investing as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether RBC Direct Investing commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of RBC Direct Investing commission and other trading fees
RBC Direct Investing Qtrade Questrade
Stock and ETF Low Low Low
Forex - - Low
Fund Low Low Low
Bond Low Low Low
Options High Average High
Futures - - -

Now let's go over the trading fees for each asset class one by one.

RBC Direct Investing stock and ETF commissions, spreads

RBC Direct Investing stock and ETF commissions are low. RBC Direct Investing stock and ETF commissions are charged as per the table below.

RBC Direct Investing stock and ETF commission
RBC Direct Investing
US stock CAD 9.95 per trade; CAD 6.95 if you make more than 150 trades per quarter
UK stock Not available
German stock Not available
Indian stock Not available

You can compare RBC Direct Investing stock and ETF fees with the two closest competitors.

RBC Direct Investing stock and ETF commission, spreads vs competitors
RBC Direct Investing Qtrade Questrade
US stock $8.0 $7.0 $5.0
UK stock - - -
German stock - - -
Indian stock - - -

Stock and ETF commissions are calculated for a $2,000 trade

RBC Direct Investing fund commissions

RBC Direct Investing fund commissions are low. The table below shows how RBC Direct Investing fund commissions are calculated.

RBC Direct Investing fund commissions
RBC Direct Investing
Mutual fund No fee

Check out how RBC Direct Investing fund fees compare with the competition.

RBC Direct Investing fund commissions
RBC Direct Investing Qtrade Questrade
Mutual fund $0.0 $0.0 $10.0

Fund commissions are calculated for a $2,000 trade

RBC Direct Investing bond commissions

RBC Direct Investing bond commissions are low. The table below contains the description of RBC Direct Investing bond commissions.

RBC Direct Investing bond commissions
RBC Direct Investing
US Treasury bond Commission is included in the quoted price. Minimum commission: CAD 25 per transaction. Maximum commission: CAD 250 per transaction.
EU government bond Not available

See how RBC Direct Investing bond fees stack up against the competition.

RBC Direct Investing bond commissions vs competitors
RBC Direct Investing Qtrade Questrade
US Treasury bond $20.0 $20.0 $0.0
EU government bond - - -

Bond commissions are calculated for a $10,000 trade

RBC Direct Investing options commissions

You can see below the description of RBC Direct Investing options commissions. RBC Direct Investing options fees are high.

RBC Direct Investing options commissions
RBC Direct Investing
US stock index options CAD 9.95 + CAD 1.25 per contract, if you have more than 150 trades per quarter then CAD 6.95 + CAD 1.25 per contract
US stock options CAD 9.95 + CAD 1.25 per contract, if you have more than 150 trades per quarter then CAD 6.95 + CAD 1.25 per contract
UK stock index options Not available
German stock index options Not available

Compare options commissions charged by RBC Direct Investing with those of Qtrade and Questrade.

RBC Direct Investing options commissions vs competitors
RBC Direct Investing Qtrade Questrade
US stock index options $18.0 $17.0 $20.0
US stock options $18.0 $17.0 $20.0
UK stock index options - - -
German stock index options - - -

Options commissions are calculated for 10 contracts

RBC Direct Investing commission and other fees
RBC Direct Investing non-trading fees

In addition to trading fees, it's important to see if RBC Direct Investing charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by RBC Direct Investing with its two closest competitors.

RBC Direct Investing non-trading fees vs competitors
RBC Direct Investing Qtrade Questrade
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee Yes Yes No
Inactivity fee No Yes No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

RBC Direct Investing commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by RBC Direct Investing and its closest competitors. To learn more about RBC Direct Investing, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Oskar Golebiowski

Author of this article

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.

Oskar Golebiowski

Canadian broker expert

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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