Compare RBC Direct Investing vs TD Ameritrade


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

RBC Direct Investing vs TD Ameritrade
overall rating
4.1
4.8
overall pros
  • Quick, useful customer service
  • Easy account opening in some cases
  • High-quality educational tools
  • Low trading fees (free stock and ETF trading)
  • Superb desktop trading platform
  • Great customer support
overall cons
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
  • You can trade only on US markets
  • Accounts mostly limited to US residents
  • No credit/debit cards and electronic wallets for money transfer
fees
3.8
  • No mutual fund trading fee
  • No withdrawal fee for RBC clients
  • Quarterly account fee
  • High withdrawal fee for non-RBC clients
4.3
  • Low trading fees
  • Low non-trading fees
  • Free stocks and ETFs
  • High fund fees
account opening
3.9
  • Fully digital
  • No minimum deposit
  • Account opening complicated for non-RBC bank account holders
3.6
  • Fully digital
  • No minimum deposit
  • Many account types
deposit and withdrawal
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
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
web trading platform
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Outdated design
4.3
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited customizability (for charts, workspace)
mobile trading platform
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Trading support functions
  • Great learning materials
  • No two-step (safer) login
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
4.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
research
3.8
  • Trading ideas
  • Data on asset fundamentals
  • Baisc news feed
  • Basic charting tools
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • 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
  • Banking background
  • No negative balance protection
recommended for Investors, including beginners, focusing on the Canadian and US markets Investors and traders looking for solid research and a well-equipped desktop trading platform
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