Plus500 vs RBC Direct Investing compared

Online brokers compared for fees, trading platforms, safety and more. See how Plus500 stacks up against RBC Direct Investing!

Plus500
RBC Direct Investing
79% of retail CFD accounts lose money

Last update of dataNov 2022

Plus500

Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.

Recommended for experienced traders looking for an easy-to-use platform and a great user experience.

RBC Direct Investing

RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.

Recommended for investors, including beginners, focusing on the Canadian and US markets.

Plus500's service is slightly better than RBC Direct Investing's and a comparison of their fees shows that Plus500's fees are slightly lower than RBC Direct Investing's.

Account opening takes less effort at Plus500 compared to RBC Direct Investing, deposit and withdrawal processes are much more seamless at Plus500, while customer service quality is similar to RBC Direct Investing's.

Our experts rated the trading platform of Plus500 as much better than the platform of RBC Direct Investing, found that clients have access to more markets and products with Plus500, while RBC Direct Investing provides somewhat better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

Overall Score
4.1

Recommended for Investors, including beginners, focusing on the Canadian and US markets

Country of origin

Israel

Country of origin

Canada

Fees

Fees score
4.0
Fees score
3.4
Fees summary

Average trading and non-trading fees

Fees summary

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

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
5.0
Deposit and withdrawal score
2.4
Number of base currencies

16

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
3.7
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: ID / passport / driving license, passport, residence permit Proof of residency: bank statement / utility bill / toll taxes letter / salary slip / address card

Required documents

Social Insurance Number, Government ID, Proof of Income

Trading platform

Web platform score
4.5
Web platform score
2.9
Mobile platform score
5.0
Mobile platform score
0.7
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
4.0
Markets and products score
2.4
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
*
*
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
3.3
Research score
4.0
Charting quality

Great

Charting quality

Mid-range

Education score
3.5
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 in the UK, €20,000 in other EU countries, no protection for residents of all other countries

Investor protection amount

CAD 1 million

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2008

Foundation date

1864

Country of regulation

UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles

Country of regulation

Canada

Plus500

For detailed information and hands-on experience, read our review of this broker.

RBC Direct Investing

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.

Brokers displayed might not be available in United States.

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