| overall rating |
|
|
| overall pros |
- Free stock and ETF trading
- Outstanding research
- Great customer service
|
- Quick, relevant customer service
- Easy account opening in some cases
- High-quality educational tools
|
| overall cons |
- High fees for some mutual funds
- Only US/Canada markets available
- Poorly-structured educational platform
|
- Only US and Canadian markets covered
- Lack of withdrawal/deposit options
- Outdated mobile trading platform
|
|
fees
|
- Free stock/ETF trading
- Some mutual funds and bonds are free
- Low non-trading fees
- High fees for non-free mutual funds
|
- Low non-trading fees
- No withdrawal fee
- No mutual fund trading fee
- Quarterly account fee
- High Non-RBC Client Withdrawal Fee
|
|
account opening
|
- Fast
- Fully digital
- No minimum deposit
- $25,000 minimum deposit for non-US clients
|
- Fully digital
- No minimum deposit
- No minimum deposit
- Account opening is a bit complicated for non-RBC bank account holders
|
|
deposit and withdrawal
|
- No deposit fee
- User-friendly
- High fee for wire (bank transfer) withdrawals
|
- Free withdrawal
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Less withdrawal and deposit options if not a client of RBC bank.
|
|
web trading platform
|
- User-friendly
- Clear fee report
- Price alerts
- Limited customizability (for charts, workspace)
|
- Clear fee report
- Price alerts
- No two-step (safer) login
- Limited customizability (for charts, workspace)
|
|
mobile trading platform
|
- User-friendly
- Touch/Face ID login
- Order confirmation
|
- Not user-friendly
- No price alerts
- Bugs
|
|
desktop trading platform
|
- Clear fee report
- Good customizability (for charts, workspace)
- Good variety of order types
|
|
|
markets and products
|
- Stock
- ETF
- Fund
- Bond
- Options
- Futures
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
research
|
- Good interactive chart
- Data on asset fundamentals
- Trading ideas for stocks and ETFs
- Hard to navigate among research tools
|
- Trading ideas
- Data on asset fundamentals
- News are quite basic
- Basic charting tools
|
|
customer service
|
- Phone support
- Live chat
- Fast response time
|
- Phone support
- Live chat
- Relevant answers
|
|
education
|
- Trading platform tutorial
- Educational videos
- No demo account
- Not well-structured
|
- Demo account
- Trading platform tutorial
- Educational videos
|
|
safety
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Banking background
- No negative balance protection
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Banking background
- No negative balance protection
|
| recommended for |
Investors and traders looking for solid research, low fees and great customer service
|
Investors, including beginners, who focus on the Canadian and US markets
|
