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All stock trading relevant fees at RBC Direct Investing

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A detailed guide to all relevant fees for stock trading at RBC Direct Investing as of February 2024

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It's great that you are interested in stock trading at RBC Direct Investing. When looking for a stockbroker, one of the most important aspects are fees. However, sometimes it can be a daunting task to pay attention to all the relevant fees and it can be frustrating to pay for some fees you didn't even know existed. Don't worry, we are here to help you with that.

We at BrokerChooser test brokers' services with a live account and real money, so our knowledge is based on our first-hand experience.

In this article, we are going to walk you through all the fees that are relevant for stock trading at RBC Direct Investing.

My key findings in a nutshell
Tamás
Tamás Gyuriczki
Trading Titan | Investment • Stock Market • Market Analysis

I've thoroughly tested RBC Direct Investing services with our analyst team by opening a real-money account and these are my most important findings:

  • Fees are extremely important when choosing a broker for stock trading
  • RBC Direct Investing's stock and ETF trading fees are average
  • Pay attention to less obvious fees like conversion fees
  • Visit RBC Direct Investing's site if you need more information about fees
  • RBC Direct Investing is a reliable broker regulated by at least one top-tier regulator

First, let's see if RBC Direct Investing is available in your country

No, you can't open an account at RBC Direct Investing if you live in the United States!
the United States

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What are stock/ETF trading fees at RBC Direct Investing?

Stock and ETF trading fees refer to the charges by a brokerage platform for executing trades of stocks and ETFs. RBC Direct Investing charges average fees for these types of trades.

The following table shows the trading fees of a few popular stocks at RBC Direct Investing. In these examples, a trade would mean buying a $2,000 position, holding it for one week, then selling it.

RBC Direct Investing fees snapshot
Asset Fee
Apple benchmark fee $14.9
Vodafone benchmark fee -

What is the deposit fee at RBC Direct Investing?

When depositing funds at RBC Direct Investing, you won't be charged any deposit fees, meaning that no deductions will be made from your deposits. However, there may be conversion fees associated with your deposit. We will discuss conversion fees later in the article.

What is the withdrawal fee at RBC Direct Investing?

When withdrawing funds from RBC Direct Investing, there is no withdrawal fee. This means that no deductions will be made from your withdrawal amount. However, conversion fees may apply, similar to when making deposits.

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What are conversion fees at RBC Direct Investing?

When depositing money into your RBC Direct Investing's account in a currency other than the base currency of your account, or trading an asset denominated in a different currency, conversion fees will apply. You can find more detailed information about conversion fees on RBC Direct Investing's website.

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Is there a custody fee at RBC Direct Investing?

A custody fee is usually charged by the broker for holding positions in some asset types, typically stocks, ETFs or bonds.

At RBC Direct Investing, a custody fee is applied for holding positions. This custody fee is CAD 25 per quarter for assets under CAD 15,000 if less than 3 trades per quarter .

Does RBC Direct Investing have an account fee?

An account fee is typically charged to cover the costs of maintaining and administering an account. It is often a fixed amount and is charged regularly; most often monthly or quarterly.

RBC Direct Investing charges CAD 25 per quarter if you have account balance less than CAD 15,000 as an account fee.

Does RBC Direct Investing have an inactivity fee?

The inactivity fee is usually a flat amount that is charged to accounts that haven'T been used for a certain period of time. This fee is often charged on a regular basis, such as monthly or quarterly.

At RBC Direct Investing there is no inactivity fee. This means that you won't be charged for not using your account for an extended period of time.

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Wrap-up

Making sense of brokerage fees can be frustrating, so we hope that you found this guide useful. Keeping all of these fee types in mind should help you pick the right broker and make trading decisions more confidently.

We believe you are on the right track now, but if you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.

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

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Further reading

Author of this article

Tamás Gyuriczki

Trading Titan | Investment • Stock Market • Market Analysis

As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.

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.

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