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
open account	Visit broker	Visit broker
overall rating	4.5 / 5.0	4.1 / 5.0
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fee High withdrawal fee for non-Canadians	Only US and Canadian markets covered Lack of withdrawal/deposit options Outdated mobile trading platform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	3 stars Low stock and ETF fees Low fund fees No withdrawal fee inside Canada Inactivity fee	3 stars Low non-trading fees No withdrawal fee No mutual fund trading fee Quarterly account fee High Non-RBC Client Withdrawal Fee
account opening	4 stars Fast Fully digital User-friendly Minimum deposit is higher than $500 Complicated for non-Canadians	4 stars Fully digital No minimum deposit No minimum deposit Account opening is a bit complicated for non-RBC bank account holders
deposit and withdrawal	3 stars 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	2 stars 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	3 stars User-friendly Good variety of order types Price alerts No clear fee report available No two-step (safer) login Limited customizability (for charts, workspace)	3 stars Clear fee report Price alerts No two-step (safer) login Limited customizability (for charts, workspace)
mobile trading platform	4 stars User-friendly Good variety of order types Price alerts No two-step (safer) login	1 stars Touch/Face ID login Not user-friendly No price alerts Bugs
desktop trading platform	4 stars User-friendly Clear fee report Good customizability (for charts, workspace) No two-step (safer) login	-
markets and products	4 stars Stock ETF Forex Fund Bond Options CFD	2 stars Stock ETF Fund Bond Options
research	5 stars Good interactive chart Trading ideas Data on asset fundamentals Live streaming data only available for a paid subscription	3 stars Trading ideas Data on asset fundamentals News are quite basic Basic charting tools
customer service	5 stars Phone support Live chat Fast response time No 24/7 support	5 stars Phone support Live chat Relevant answers No 24/7 support
education	3 stars Demo account Trading platform tutorial Educational videos Structured educational section missing	4 stars Demo account Trading platform tutorial Educational videos No webinars
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

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