CMC Markets vs RBC Direct Investing compared

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

CMC Markets
RBC Direct Investing
CMC Markets
4.5
76% of retail CFD accounts lose money
RBC Direct Investing
3.9

Last update of dataAug 2022

CMC Markets

CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA.

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools.

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.

CMC Markets's service is slightly better than RBC Direct Investing's and a comparison of their fees shows that CMC Markets's fees are similar to RBC Direct Investing's.

Account opening takes somewhat less effort at CMC Markets compared to RBC Direct Investing, deposit and withdrawal processes are much more seamless at CMC Markets, while customer service quality is similar to RBC Direct Investing's.

Our experts rated the trading platform of CMC Markets 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 CMC Markets, while RBC Direct Investing provides less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools

Overall Score
3.9

Recommended for Investors, including beginners, focusing on the Canadian and US markets

Country of origin

UK

Country of origin

Canada

Fees

Fees score
3.6
Fees score
3.4
Fees summary

Low forex fees, average CFD and non-trading fees

Fees summary

Average trading fees, low non-trading fees, free mutual fund investing

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.8
Deposit and withdrawal score
2.4
Number of base currencies

10

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
3.7
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1-3 days

Required documents

Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement

Required documents

Social Insurance Number, Government ID, Proof of Income

Trading platform

Web platform score
5.0
Web platform score
2.9
Mobile platform score
5.0
Mobile platform score
0.7
Desktop platform score
3.4
Desktop platform score
-

Markets and products

Markets and products score
2.6
Markets and products score
2.2
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
*
*
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
5.0
Research score
3.7
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 for clients under FCA, $1,000,000 under IIROC, no protection under other regulators

Investor protection amount

CAD 1 million

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1989

Foundation date

1864

Country of regulation

UK, Australia, Canada, New Zealand, Singapore, Germany

Country of regulation

Canada

CMC Markets

For detailed information and hands-on experience, read our review of this broker.

RBC Direct Investing

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

×