Compare Passfolio vs RBC Direct Investing


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

Passfolio vs RBC Direct Investing
overall rating
4.3
4.1
overall pros
  • Free US stock and ETF trading
  • Great mobile platform
  • Fast and fully digital account opening
  • Quick, useful customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • Limited product portfolio focusing on US markets
  • Deposit is not user-friendly
  • Missing web and desktop platforms
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
4.6
  • Free stock and ETF trading above $5
  • No account opening and maintenance fees
  • Withdrawal fee
  • High margin rates for stock trading
3.8
  • No mutual fund trading fee
  • No withdrawal fee for RBC clients
  • Quarterly account fee
  • High withdrawal fee for non-RBC clients
account opening
5.0
  • Fully digital
  • No minimum deposit
  • Verification in 15 minutes
  • Verification can be buggy on desktop
3.9
  • Fully digital
  • No minimum deposit
  • Account opening complicated for non-RBC bank account holders
deposit and withdrawal
1.5
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
  • Not user-friendly
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal for clients with RBC bank account
  • Credit/Debit card not available
  • Fewer withdrawal and deposit options for non-RBC clients
web trading platform
3.7
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Limited order types
  • No price alerts
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Outdated design
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
desktop trading platform
markets and products
2.0
  • Stock
  • ETF
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
1.8
  • User-friendly
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
3.8
  • Trading ideas
  • Data on asset fundamentals
  • Baisc news feed
  • Basic charting tools
customer service
3.5
  • Relevant answers
  • Fast email support
  • No 24/7 support
  • Couldn't reach phone support on multiple occasions
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
education
2.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • 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 Beginners and long-term investors focusing on the US stock market Investors, including beginners, focusing on the Canadian and US markets
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