Compare IronFX vs RBC Direct Investing


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

IronFX vs RBC Direct Investing
overall rating
4.0
4.1
overall pros
  • Low fees
  • Great deposit and withdrawal
  • User-friendly account opening
  • Quick, relevant customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • Poor customer support
  • Only forex and CFD products
  • Limited educational tools
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
4.4
  • Low trading fees
  • No withdrawal fee
  • No inactivity fee
  • Higher stock CFD fees
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
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower account verification
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
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
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
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.8
  • Forex
  • CFD
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
2.3
  • Great analysis written by IronFX experts
  • No fundamental data available
  • Poor design of charting tools
  • Poor quality news feeds
3.3
  • Trading ideas
  • Data on asset fundamentals
  • News are quite basic
  • Basic charting tools
customer service
1.5
  • Great email support
  • No 24/7 support
  • Slow live chat
  • No response on the phone
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
education
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
  • Negative balance protection
  • FCA-regulated
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Forex and CFD traders familiar with the MetaTrader 4 trading platform Investors, including beginners, who focus on the Canadian and US markets
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