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RBC Direct Investing fees explained

Your expert
Oskar G.
Fact checked by
Adam N.
Updated
Sep 2024
Personally tested
Data-driven
Independent

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 found RBC Direct Investing's trading fees fairly average
Oskar
Oskar Golebiowski

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.
RBC Direct Investing fees at a glance
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

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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.

RBC Direct Investing stock and ETF fees by market
US stock
$7.4
$8.8
$5.0
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Average margin rates

RBC Direct Investing annual margin rates
USD margin rate
9.8%
9.8%
13.0%
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Average options commission

RBC Direct Investing stock index options commission
US stock index options
$16.6
$21.3
$20.0
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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
RBC Direct Investing inactivity, withdrawal and other fees
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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

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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.

Oskar Golebiowski
Author of this article
Oskar is a former Canadian broker expert for BrokerChooser. 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.
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