Qtrade Direct Investing vs RBC Direct Investing compared

Qtrade Direct Investing
RBC Direct Investing

Qtrade Direct Investing

Key score differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Customer service score2.3/5.0
  • Trading platform combined score3.1/5.0
  • Research score3.0/5.0
Good to know
Recommended for
  • beginners 3.31/5
You can't open an account at Qtrade Direct Investing

RBC Direct Investing

Key score differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Customer service score5.0/5.0
  • Trading platform combined score1.3/5.0
  • Research score4.0/5.0
Good to know
Recommended for
  • beginners 2.97/5
You can't open an account at RBC Direct Investing
Why trust BrokerChooser?
  • Live account testing we open live accounts at each broker and test their services based on our unique methodology
  • Safety above all we only recommend safe brokers (certified and regulated)
  • Unbiased and independent our partnerships do not affect our scoring and verdicts
  • Regular data updates information on our site is up-to-date at all times
  • Fully accessible you can always reach us if you have questions: [email protected]

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

Basic data of broker

Overall Score
4.2

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

Overall Score
4.1

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

Country of origin

Canada

Country of origin

Canada

Fees

Fees score
3.3
Fees score
3.5
Fees summary

Low 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

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
3.0
Deposit and withdrawal score
2.4
Number of base currencies

2

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
3.7
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1-3 days

Required documents

Social Insurance Number, Government ID, Proof of Income, Investment e-Statements

Required documents

Social Insurance Number, Government ID, Proof of Income

Trading platform

Web platform score
3.5
Web platform score
2.9
Mobile platform score
3.0
Mobile platform score
0.7
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.9
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

Research, education

Research score
3.0
Research score
4.0
Charting quality

Poor

Charting quality

Mid-range

Education score
4.0
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
2.3
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

CAD 1 million

Investor protection amount

CAD 1 million

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

2000

Foundation date

1864

Country of regulation

Canada

Country of regulation

Canada

Qtrade Direct Investing

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.

Qtrade Direct Investing's service is on par with RBC Direct Investing's and a comparison of their fees shows that Qtrade Direct Investing's fees are similar to RBC Direct Investing's.

Account opening takes somewhat less effort at Qtrade Direct Investing compared to RBC Direct Investing, deposit and withdrawal processes are somewhat easier at Qtrade Direct Investing, while customer service quality is considerably lower than RBC Direct Investing's.

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

×