Merrill Edge
RBC Direct Investing
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
Recommended for Investors, including beginners, focusing on the Canadian and US markets
USA
Canada
Fees
Low trading and non-trading fees, high fund 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
1
2
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Social Insurance Number, Government ID, Proof of Income
Trading platform
Markets and products
Research, education
Mid-range
Mid-range
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
CAD 1 million
2010
1864
USA
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.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Merrill Edge's service is slightly better than RBC Direct Investing's and a comparison of their fees shows that Merrill Edge's fees are slightly lower than RBC Direct Investing's.
Account opening takes less effort at Merrill Edge compared to RBC Direct Investing, deposit and withdrawal processes are about the same quality at Merrill Edge, while customer service quality is somewhat lower than RBC Direct Investing's.
Our experts rated the trading platform of Merrill Edge as much better than the platform of RBC Direct Investing, found that clients have access to about the same number of markets and products with Merrill Edge, while RBC Direct Investing provides just about the same quality of research and education.
More alternatives to Merrill Edge and RBC Direct Investing