Compare Questrade vs RBC Direct Investing


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

Questrade vs RBC Direct Investing
overall rating
4.6
4.1
overall pros
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
  • Quick, useful customer service
  • Easy account opening in some cases
  • High-quality educational tools
overall cons
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
fees
3.8
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • Low fund fees
  • High margin rates
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
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
3.9
  • Fully digital
  • No minimum deposit
  • Account opening complicated for non-RBC bank account holders
deposit and withdrawal
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
  • Non-Visa debit card not available
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
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • Limited customizability (for charts, workspace)
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Outdated design
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
desktop trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
3.8
  • Trading ideas
  • Data on asset fundamentals
  • Baisc news feed
  • Basic charting tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Educational section is hard to navigate
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
  • CAD 10 million per account additional insurance
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Traders and investors focusing on the Canadian and US markets Investors, including beginners, focusing on the Canadian and US markets
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