| overall rating |
|
|
| overall pros |
- Wide range of products
- Many great research tools
- Regulated by several authorities
|
- Quick, relevant customer service
- Easy account opening in some cases
- High-quality educational tools
|
| overall cons |
- Extremely complex desktop trading platform
- Complicated account opening process
- Funding and withdrawal only via bank transfer
|
- Only US and Canadian markets covered
- Lack of withdrawal/deposit options
- Outdated mobile trading platform
|
|
fees
|
- Low trading fees
- Low stock and ETF fees
- Low financing rate
- Free stock and ETF trading for US clients
|
- Low non-trading fees
- No withdrawal fee
- No mutual fund trading fee
- Quarterly account fee
- High Non-RBC Client Withdrawal Fee
|
|
account opening
|
- Fully digital
- No minimum deposit for most accounts types
- Not user-friendly
- Confusing messages throughout the process
|
- Fully digital
- No minimum deposit
- No minimum deposit
- Account opening is a bit complicated for non-RBC bank account holders
|
|
deposit and withdrawal
|
- No deposit fee
- Several account base currencies
- First withdrawal each month free
- Credit/Debit card not available
- Not user-friendly
|
- 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
|
- User-friendly
- Clear fee report
- Two-step (safer) login
- Limited customizability (for charts, workspace)
|
- Clear fee report
- Price alerts
- No two-step (safer) login
- Limited customizability (for charts, workspace)
|
|
mobile trading platform
|
- Two-step (safer) login
- Good search function
- Good variety of order types
- User interface is a bit complex
|
- Not user-friendly
- No price alerts
- Bugs
|
|
desktop trading platform
|
- Clear fee report
- Good customizability (for charts, workspace)
- Good variety of order types
- Not user-friendly
- Poor search function
- Too complex for beginners
|
|
|
markets and products
|
- Stock
- ETF
- Forex
- Fund
- Bond
- Options
- Futures
- CFD
- Crypto
- Warrants
- Structured Products
- Indices
- Metals
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
research
|
- Good interactive chart
- Trading ideas
- Data on asset fundamentals
|
- Trading ideas
- Data on asset fundamentals
- News are quite basic
- Basic charting tools
|
|
customer service
|
- Phone support
- Live chat
- Fast response time
|
- Phone support
- Live chat
- Relevant answers
|
|
education
|
- Demo account
- Trading platform tutorial
- Educational videos
- Courses only available after registration
|
- Demo account
- Trading platform tutorial
- Educational videos
|
|
safety
|
- 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 looking for low fees and a professional trading environment
|
Investors, including beginners, who focus on the Canadian and US markets
|
