Online brokers compared for fees, trading platforms, safety and more. See how RBC Direct Investing stacks up against Robinhood!
Last update of data—Feb 2022
RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for investors, including beginners, focusing on the Canadian and US markets.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
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.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
RBC Direct Investing's service is on par with Robinhood's and a comparison of their fees shows that RBC Direct Investing's fees are higher than Robinhood's.
Account opening takes more effort at RBC Direct Investing compared to Robinhood, deposit and withdrawal processes are about the same quality at RBC Direct Investing, while customer service quality is much better than Robinhood's.
Our experts rated the trading platform of RBC Direct Investing as much less user-friendly than the platform of Robinhood, found that clients have access to slightly less markets and products with RBC Direct Investing, while Robinhood provides somewhat lower-quality research and education.
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.
More alternatives to RBC Direct Investing and Robinhood