RBC Direct Investing Logo

RBC Direct Investing fees explained

Your expert
Oskar G.
Fact checked by
Updated
1w ago
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

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

Visit broker

BrokerChooser score
4.1 4.1 /5
Visit broker
RBC Direct Investing is not available in the United States
Check out the best alternatives

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
US stock
$7.4
$8.8
$5.0
UK stock
-
-
-
German stock
-
-
-

Data updated on November 25, 2023

Fund fees

RBC Direct Investing fund fees are low.

A $2,000 fund buy fees
Mutual fund
$0.0
$6.5
$10.0
EU mutual fund
-
-
-

Data updated on November 25, 2023

Bond fees

RBC Direct Investing has low bond fees.

Bond fees of a $10,000 trade
US Treasury bond
$18.5
$25.0
$0.0
EU government bond
-
-
-

Data updated on November 25, 2023

Options fees

RBC Direct Investing's options fees are average.

Stock index options fees of 10 contracts
US stock index options
$16.6
$21.3
$20.0
UK stock index options
-
-
-
German stock index options
-
-
-

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
Apple CFD financing rate
-
-
7.3%
Vodafone CFD financing rate
-
-
5.7%
EURUSD financing rate
-
-
3.2%
EURGBP financing rate
-
-
2.4%

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
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
Yes
No
Account fee
Yes
Yes
No

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
Bank transfer
Yes Yes Yes
Credit/debit card
No No Yes
Electronic wallets
No No Yes
Deposit fee
$0
$0
$0

Data updated on November 25, 2023

BrokerChooser score
4.1 4.1 /5
Visit broker
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
Bank transfer
Yes Yes Yes
Credit/debit card
No No Yes
Electronic wallets
No No Yes
Withdrawal fee with bank transfer
$0
$0
$0

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).

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

User registration is now open!
Sign up for free to access personalized broker recommendations, watchlist, alerts, and more on our platform
Sign up now

Author of this article

Oskar Golebiowski
Oskar Golebiowski

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.

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.

Follow us

Regional settings

×
I'd like to trade with...