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
RBC Direct Investing has average trading fees in general. We ranked RBC Direct Investing fee levels 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.
| RBC Direct Investing | Qtrade Direct Investing | Questrade | |
|---|---|---|---|
| Stock and ETF | Low | Average | Low |
| Forex | - | - | Average |
| Fund | Low | Low | Low |
| Bond | Low | Low | Low |
| Options | Average | High | 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 | |
|---|---|
| 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 | Qtrade Direct Investing | Questrade | |
|---|---|---|---|
| US stock | $7.4 | $8.8 | $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 | |
|---|---|
| Mutual fund | No fee |
Check out how RBC Direct Investing fund fees compare with the competition.
| RBC Direct Investing | Qtrade Direct Investing | 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 | |
|---|---|
| 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 | Qtrade Direct Investing | Questrade | |
|---|---|---|---|
| US Treasury bond | $18.5 | $25.0 | $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 average.
| 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 Direct Investing and Questrade.
| RBC Direct Investing | Qtrade Direct Investing | Questrade | |
|---|---|---|---|
| US stock index options | $16.6 | $21.3 | $20.0 |
| US stock options | $16.6 | $21.3 | $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 | Qtrade Direct Investing | 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.
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