FP Markets
RBC Direct Investing
Basic data of broker
Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Recommended for Investors, including beginners, focusing on the Canadian and US markets
Australia
Canada
Fees
Low trading and non-trading fees, high stock CFD fees
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
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
2
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1-3 days
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Social Insurance Number, Government ID, Proof of Income
Trading platform
Markets and products
Disclaimer: 75.31% 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
Mid-range
Mid-range
Customer service
Security
No protection under ASIC, €20,000 under CySEC, No protection under Financial Services Authority (St. Vincent and the Grenadines)
CAD 1 million
2005
1864
Australia, Cyprus, St. Vincent and the Grenadines
Canada
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
FP Markets's service is on par with RBC Direct Investing's and a comparison of their fees shows that FP Markets's fees are similar to RBC Direct Investing's.
Account opening takes less effort at FP Markets compared to RBC Direct Investing, deposit and withdrawal processes are more seamless at FP Markets, while customer service quality is similar to RBC Direct Investing's.
Our experts rated the trading platform of FP Markets as better than the platform of RBC Direct Investing, found that clients have access to about the same number of markets and products with FP Markets, while RBC Direct Investing provides somewhat better research and education.
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