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Compare Interactive Brokers vs RBC Direct Investing


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

Interactive Brokers vs RBC Direct Investing
overall rating
4.8 / 5.0
4.1 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Easy and fast account opening
  • High-quality educational tools
  • Great customer service
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Outdated mobile trading platform
  • Only US and Canadian markets covered
  • Lack of credit/debit cards and electronic wallets
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
3 stars
  • No inactivity fee
  • No mutual fund trading fee
  • High options fees
  • Account fee is charged for balances less than CAD 15k
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
5 stars
  • Fully digital
  • No minimum deposit
  • User-friendly
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
2 stars
  • No deposit fee
  • Credit/Debit card not available
  • Most withdrawal options have a fee
  • Less withdrawal and deposit options if not a client of RBC bank.
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • Clear fee report
  • Price alerts
  • Order confirmation
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Poor design
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
1 stars
  • Not user-friendly
  • No price alerts
  • Bugs
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
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markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
2 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
3 stars
  • Trading ideas
  • Data on asset fundamentals
  • Basic charting tools and news
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Slow telephone support
  • No 24/7 availability
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
4 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No Webinars
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Traders who prefer low fees and a professional trading environment Beginners, investors focusing on the Canadian and US markets