Online brokers compared for fees, trading platforms, safety and more. See how RBC Direct Investing stacks up against TD Ameritrade!
Last update of data—Dec 2022
RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC.
TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
Recommended for investors, including beginners, focusing on the Canadian and US markets.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
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.
TD Ameritrade
TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
RBC Direct Investing's service is slightly weaker than TD Ameritrade's and a comparison of their fees shows that RBC Direct Investing's fees are slightly higher than TD Ameritrade's.
Account opening takes about the same effort at RBC Direct Investing compared to TD Ameritrade, deposit and withdrawal processes are about the same quality at RBC Direct Investing, while customer service quality is similar to TD Ameritrade's.
Our experts rated the trading platform of RBC Direct Investing as much less user-friendly than the platform of TD Ameritrade, found that clients have access to less markets and products with RBC Direct Investing, while TD Ameritrade provides somewhat better 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.
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