| overall rating |
|
|
| overall pros |
- Quick, relevant customer service
- Easy account opening in some cases
- High-quality educational tools
|
- Free US stock and ETF trading
- Great mobile and web trading platforms
- Fast and fully digital account opening
|
| overall cons |
- Only US and Canadian markets covered
- Lack of withdrawal/deposit options
- Outdated mobile trading platform
|
- Limited product range
- Weak customer support
- Few educational materials
|
|
fees
|
- Low non-trading fees
- No withdrawal fee
- No mutual fund trading fee
- Quarterly account fee
- High Non-RBC Client Withdrawal Fee
|
- Commission-free US stock and ETF trading
- No fee for deposit or withdrawal
- Transparent fee structure
|
|
account opening
|
- Fully digital
- No minimum deposit
- No minimum deposit
- Account opening is a bit complicated for non-RBC bank account holders
|
- Fast
- Fully digital
- No minimum deposit
- Available only for US clients
- No IRA accounts offered
|
|
deposit and withdrawal
|
- Free withdrawal
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Less withdrawal and deposit options if not a client of RBC bank.
|
- Free withdrawal
- No deposit fee
- Cash management service
- Credit/Debit card not available
- Depositing larger amounts on Robinhood Gold takes longer
- Wire withdrawal is pricey
|
|
web trading platform
|
- Clear fee report
- Price alerts
- No two-step (safer) login
- Limited customizability (for charts, workspace)
|
- User-friendly
- Clear fee report
- Two-step (safer) login
- Limited customizability (for charts, workspace)
|
|
mobile trading platform
|
- Not user-friendly
- No price alerts
- Bugs
|
- User-friendly
- Two-step (safer) login
- Good search function
|
|
desktop trading platform
|
|
|
|
markets and products
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
|
research
|
- Trading ideas
- Data on asset fundamentals
- News are quite basic
- Basic charting tools
|
- Trading ideas
- Data on asset fundamentals
- Quality news flow
- Limited interactive charting
- No/limited set of analytic tools
|
|
customer service
|
- Phone support
- Live chat
- Relevant answers
|
- Fast response time
- Relevant answers
- No phone support
- No live chat
- No 24/7 support
|
|
education
|
- Demo account
- Trading platform tutorial
- Educational videos
|
- Quality educational texts
- No demo account
- No trading platform tutorial videos
- No educational videos
|
|
safety
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Banking background
- No negative balance protection
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Financial information is publicly available
- No negative balance protection
- Does not hold a banking license
- Not listed on stock exchange
|
| recommended for |
Investors, including beginners, who focus on the Canadian and US markets
|
Beginners and buy-and-hold investors focusing on the US stock market
|
