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
4.8
4.1
overall pros
  • Solid research tools
  • Great web trading platform
  • US and international stocks
  • Quick, relevant customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • Not fully digital account opening
  • High mutual fund fees
  • High financing rates
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
4.1
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds are free
  • High fund fees
  • 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
2.9
  • No minimum deposit
  • User-friendly
  • Not fully digital
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
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • $10 for outgoing wire transfers
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
4.5
  • 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)
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
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
3.3
  • Trading ideas
  • Data on asset fundamentals
  • News are quite basic
  • 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
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
  • 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, who focus on the Canadian and US markets
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