| overall rating |
|
|
| overall pros |
- Solid research tools
- Great desktop trading platform
- Superb customer service
|
- Quick, relevant customer service
- Easy account opening in some cases
- High-quality educational tools
|
| overall cons |
- Slow account opening process for international customers
- High inactivity fee
- High withdrawal fee for non-Canadians
|
- Only US and Canadian markets covered
- Lack of withdrawal/deposit options
- Outdated mobile trading platform
|
|
fees
|
- Low stock and ETF fees
- Low fund fees
- No withdrawal fee inside Canada
|
- Low non-trading fees
- No withdrawal fee
- No mutual fund trading fee
- Quarterly account fee
- High Non-RBC Client Withdrawal Fee
|
|
account opening
|
- Fast
- Fully digital
- User-friendly
- Minimum deposit is higher than $500
- Complicated for non-Canadians
|
- Fully digital
- No minimum deposit
- No minimum deposit
- Account opening is a bit complicated for non-RBC bank account holders
|
|
deposit and withdrawal
|
- Free withdrawal
- No deposit fee
- User-friendly
- Few base currencies
- Credit/Debit card not available
- Slow withdrawal - over 3 days
- High fee for wire withdrawals
|
- Free withdrawal
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Less withdrawal and deposit options if not a client of RBC bank.
|
|
web trading platform
|
- User-friendly
- Good variety of order types
- Price alerts
- No clear fee report available
- No two-step (safer) login
- Limited customizability (for charts, workspace)
|
- Clear fee report
- Price alerts
- No two-step (safer) login
- Limited customizability (for charts, workspace)
|
|
mobile trading platform
|
- User-friendly
- Good variety of order types
- Price alerts
- No two-step (safer) login
|
- Not user-friendly
- No price alerts
- Bugs
|
|
desktop trading platform
|
- User-friendly
- Clear fee report
- Good customizability (for charts, workspace)
- No two-step (safer) login
|
|
|
markets and products
|
- Stock
- ETF
- Forex
- Fund
- Bond
- Options
- CFD
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
research
|
- Good interactive chart
- Trading ideas
- Data on asset fundamentals
- Live streaming data only available for a paid subscription
|
- Trading ideas
- Data on asset fundamentals
- News are quite basic
- Basic charting tools
|
|
customer service
|
- Phone support
- Live chat
- Fast response time
|
- Phone support
- Live chat
- Relevant answers
|
|
education
|
- Demo account
- Trading platform tutorial
- Educational videos
- Structured educational section missing
|
- Demo account
- Trading platform tutorial
- Educational videos
|
|
safety
|
- 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, who focus on the Canadian and US markets
|
