Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against RBC Direct Investing!
Last update of data—Dec 2021
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.
Recommended for investors and traders looking for solid research, low fees and great customer service.
Recommended for investors, including beginners, focusing on the Canadian and US markets.
Charles Schwab
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Recommended for investors and traders looking for solid research, low fees and great customer service.
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.
Charles Schwab's service is slightly better than RBC Direct Investing's and a comparison of their fees shows that Charles Schwab's fees are slightly lower than RBC Direct Investing's.
Account opening takes somewhat less effort at Charles Schwab compared to RBC Direct Investing, deposit and withdrawal processes are about the same quality at Charles Schwab, while customer service quality is somewhat better than RBC Direct Investing's.
Our experts rated the trading platform of Charles Schwab as much better than the platform of RBC Direct Investing, found that clients have access to slightly more markets and products with Charles Schwab, 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.
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