Compare E*TRADE vs RBC Direct Investing


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

E*TRADE vs RBC Direct Investing
overall rating
4.8
4.1
overall pros
  • Low trading fees (free stock and ETF trading)
  • User-friendly mobile trading platform
  • Great research tools
  • Quick, relevant customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • Only US markets, no forex
  • Only bank transfer
  • Slow customer support
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
4.4
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • Higher fees for non-free mutual funds
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
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slow
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
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire transfer withdrawal
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
4.0
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • 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
markets and products
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.8
  • 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
3.6
  • Phone support
  • Live chat
  • Relevant answers
  • Extremely slow live chat and phone
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
education
4.3
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for Power E*TRADE
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
  • 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 and a great mobile trading platform Investors, including beginners, who focus on the Canadian and US markets
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