Overview of RBC Direct Investing fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, RBC Direct Investing is an OK choice, as it has average fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how RBC Direct Investing fared:
- RBC Direct Investing charges average fees for trading stocks and ETFs.
- There is no inactivity fee even if you leave your account idle for a long time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of RBC Direct Investing for info on safety, trading platforms and funding.
Assets | Fee level | Fee terms |
---|---|---|
US stock fee | Average | CAD 9.95 per trade; CAD 6.95 if you make more than 150 trades per quarter |
EURUSD fee | - | FX not available |
US tech fund fee | Low | No fee |
Inactivity fee | Low | No inactivity fee |
While some trading fees (e.g. for funds or bonds) are low, stock, ETF and options fees as well as margin rates at RBC Direct Investing are rather average compared with the competition.
Average stock and ETF commission
RBC Direct Investing's fee structure is mostly transparent. Stock, ETF and options fees are volume-tiered, and you get a discount after 150 trades per quarter.
US stock
|
$7.4
|
$8.8
|
$5.0
|
---|
Average margin rates
USD margin rate
|
9.8%
|
9.8%
|
13.0%
|
---|
Average options commission
US stock index options
|
$16.6
|
$21.3
|
$20.0
|
---|
No inactivity fee, no withdrawal fee
It charges no inactivity fee and there is no withdrawal fee in some cases. However, there is an account management fee of CAD 25 per quarter if your account balance is below CAD 15,000, and the withdrawal fee can be quite high in certain cases (see below).
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
RBC Direct Investing | $0 | |
Qtrade Direct Investing | $0 | |
Questrade | $0 |
Other commissions and fees
You can find RBC Direct Investing's fees for other asset classes below. Click 'Show more' for details.
Low mutual fund commission
Low bond commission
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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.