Compare Fidelity vs RBC Direct Investing


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

Fidelity vs RBC Direct Investing
overall rating
4.9
4.1
overall pros
  • Commission-free US stocks and ETFs
  • Great trading platforms and research
  • US and international stocks
  • Quick, useful customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • High mutual fund fees and margin rates
  • Slower account verification
  • Slow live chat
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
4.2
  • Free stock and ETF trading
  • Low bond fees
  • No inactivity fee
  • High fees for non-free mutual funds
  • High margin fees
3.4
  • No mutual fund trading fee
  • No withdrawal fee for RBC clients
  • Quarterly account fee
  • High withdrawal fee for non-RBC clients
account opening
3.6
  • No minimum deposit
  • User-friendly
  • Many account types
  • Slower account verification
  • Not fully digital in some cases
3.9
  • Fully digital
  • No minimum deposit
  • Account opening complicated for non-RBC bank account holders
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal for clients with RBC bank account
  • Credit/Debit card not available
  • Fewer withdrawal and deposit options for non-RBC clients
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • 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)
  • Outdated design
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
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • Loads bit slowly
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
3.8
  • Trading ideas
  • Data on asset fundamentals
  • Baisc news feed
  • Basic charting tools
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
education
3.9
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for desktop
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
  • Additional coverage by Fidelity
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • 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 great trading platforms Investors, including beginners, focusing on the Canadian and US markets
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