RBC Direct Investing fees explained as of September 2023

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Overview of RBC Direct Investing fees and charges as of November 2023

It's safe to say that RBC Direct Investing's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use RBC Direct Investing even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of RBC Direct Investing's fees

RBC Direct Investing Fees snapshot
Assets	Fee level	Fee terms
US stock fee	Low	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

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RBC Direct Investing fees explained

We compare RBC Direct Investing fees with its closest competitors, Qtrade Direct Investing and Questrade.

RBC Direct Investing trading fees

RBC Direct Investing's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at RBC Direct Investing.

Trading fees

RBC Direct Investing's trading fees are low.

Stock fees and ETF fees

RBC Direct Investing has low stock trading fees.

Stock fees of a $2,000 trade
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$7.4 CAD 9.95 per trade; CAD 6.95 if you make more than 150 trades per quarter	$8.8 CAD 8.75 per trade (CAD 6.95 if you make 150+ trades per quarter or have a CAD 500k+ account balance)	$5.0 $0.01 per share, min $4.95, max $9.95; buying ETFs is free, selling costs $0.01 per share
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	- Not available	- Not available
German stock Estimated commission of a $2,000 trade	- Not available	- Not available	- Not available

Data updated on November 25, 2023

Fund fees

RBC Direct Investing fund fees are low.

A $2,000 fund buy fees
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$0.0 No fee	$6.5 CAD 8.75 per trade (CAD 6.95 if you make 150+ trades per quarter or have a CAD 500k+ account balance)	$10.0 $9.95 per trade
EU mutual fund Subscription fee of a $2,000 face value European stock fund	- Not available	- Not available	- Not available

Data updated on November 25, 2023

Bond fees

RBC Direct Investing has low bond fees.

Bond fees of a $10,000 trade
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$18.5 Commission is included in the quoted price. Minimum commission: CAD 25 per transaction. Maximum commission: CAD 250 per transaction.	$25.0 $1 per $1,000 face value, $24.99 min and $250 max	$0.0 No fees, but minimum $5,000 purchase
EU government bond Estimated commission of a €10,000 German government bond trade	- Not available	- Not available	- Not available

Data updated on November 25, 2023

Options fees

RBC Direct Investing's options fees are average.

Stock index options fees of 10 contracts
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
US stock index options Estimated commission for 10 contracts	$16.6 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	$21.3 $8.75 flat fee and $1.25 per contract, but the flat fee is $6.95 if you trade 150+ per quarter or have at least $500k account balance	$20.0 $9.95 + $1 per contract
UK stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available
German stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available

Data updated on November 25, 2023

Financing rates

RBC Direct Investing financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

RBC Direct Investing yearly financing rates
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
Apple CFD financing rate Yearly financing rate	- Apple CFD is not available	- Apple CFD is not available	7.3% SOFR and mark-up
Vodafone CFD financing rate Yearly financing rate	- Vodafone CFD is not available	- Vodafone CFD is not available	5.7% SONIA and mark-up
EURUSD financing rate Yearly financing rate	- EURUSD is not available	- EURUSD is not available	3.2% Calculated as swap points
EURGBP financing rate Yearly financing rate	- EURGBP is not available	- EURGBP is not available	2.4% Calculated as swap points

Data updated on November 25, 2023

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

RBC Direct Investing will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 2% mark-up.

RBC Direct Investing non-trading fees

When it comes to looking at all the non-trading fees RBC Direct Investing is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at RBC Direct Investing that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how RBC Direct Investing stacks up in non-trading fees
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal for margin, cash, RESP, and TFSA accounts if you have RBC bank account, but high withdrawal fee for RRSP withdrawals and non-RBC bank clients	$0 Free withdrawal	$0 No withdrawal fee for electronic fund transfers, but $20-$40 for wire transfers depending on your residency
Deposit fee	$0 Free deposit	$0 Free Deposit	$0 Free deposit
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	Yes $25 per quarter, charged as account fee if you fail to make a minimum number of trades or deposits during a quarter	No No inactivity fee
Account fee Monthly account fee	Yes CAD 25 per quarter if you have account balance less than CAD 15,000	Yes CAD 25 per quarter unless you hold CAD 25,000 / make a minimum number of trades / set a recurring deposit of at least $100 per month	No No account fee

Data updated on November 25, 2023

RBC Direct Investing deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and RBC Direct Investing is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods RBC Direct Investing offers.

RBC Direct Investing deposit methods
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	Yes
Electronic wallets Electronic wallets are available for deposit	No	No	Yes
Deposit fee	$0 Free deposit	$0 Free Deposit	$0 Free deposit

Data updated on November 25, 2023

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Forex

Interactive Brokers

eToroeToro USA LLC; Investments are subject to market risk, including the possible loss of principal

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Get your personalized toplist:

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4.1 4.1 /5

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RBC Direct Investing is not available in the United States

Check out the best alternatives

RBC Direct Investing withdrawal fee

Unlike some online brokers we have reviewed RBC Direct Investing does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

RBC Direct Investing withdrawal fees and options compared
	RBC Direct Investing RBC Direct Investing	Qtrade Direct Investing Qtrade Direct Investing	Questrade Questrade
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	Yes
Electronic wallets Electronic wallets are available for deposit	No	No	Yes
Withdrawal fee with bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal for margin, cash, RESP, and TFSA accounts if you have RBC bank account, but high withdrawal fee for RRSP withdrawals and non-RBC bank clients	$0 Free withdrawal	$0 No withdrawal fee for electronic fund transfers, but $20-$40 for wire transfers depending on your residency

Data updated on November 25, 2023

RBC Direct Investing inactivity fee

RBC Direct Investing does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

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