Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against RBC Direct Investing!
Last update of data—Dec 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.
Recommended for traders interested in algorithmic stock trading.
Recommended for investors, including beginners, focusing on the Canadian and US markets.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
RBC Direct Investing
RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.
Recommended for investors, including beginners, focusing on the Canadian and US markets.
Alpaca Trading's service is slightly better than RBC Direct Investing's and a comparison of their fees shows that Alpaca Trading's fees are lower than RBC Direct Investing's.
Account opening takes somewhat less effort at Alpaca Trading compared to RBC Direct Investing, deposit and withdrawal processes are somewhat more complicated at Alpaca Trading, while customer service quality is lower than RBC Direct Investing's.
Our experts rated the trading platform of Alpaca Trading as much better than the platform of RBC Direct Investing, found that clients have access to about the same number of markets and products with Alpaca Trading, while RBC Direct Investing provides somewhat lower-quality research and education.
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.
Brokers displayed might not be available in United States.
More alternatives to Alpaca Trading and RBC Direct Investing