Compare CMC Markets vs RBC Direct Investing


Online brokers compared for fees, trading platforms, safety and more. See how CMC Markets stacks up against RBC Direct Investing!

CMC Markets vs RBC Direct Investing
overall rating
4.6
4.1
overall pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
  • Quick, relevant customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
4.0
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
3.2
  • Low non-trading fees
  • No withdrawal fee
  • No mutual fund trading fee
  • Quarterly account fee
  • High Non-RBC Client Withdrawal Fee
account opening
3.9
  • Fully digital
  • No minimum deposit
  • Complicated account verification
3.9
  • Fully digital
  • No minimum deposit
  • No minimum deposit
  • Account opening is a bit complicated for non-RBC bank account holders
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfer
2.4
  • 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
4.4
  • Clear fee report
  • Good search function
  • Good customizability (for charts, workspace)
  • Modern design
  • No two-step (safer) login
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.2
  • Forex
  • CFD
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.6
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
3.3
  • Trading ideas
  • Data on asset fundamentals
  • News are quite basic
  • Basic charting tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Forex and CFD traders looking for an advanced trading platform with many research tools Investors, including beginners, who focus on the Canadian and US markets
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