Compare RBC Direct Investing vs TMGM


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

RBC Direct Investing vs TMGM
overall rating
4.1
4.3
overall pros
  • Quick, useful customer service
  • Easy account opening in some cases
  • High-quality educational tools
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
3.4
  • No mutual fund trading fee
  • No withdrawal fee for RBC clients
  • Quarterly account fee
  • High withdrawal fee for non-RBC clients
4.5
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
account opening
3.9
  • Fully digital
  • No minimum deposit
  • Account opening complicated for non-RBC bank account holders
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
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
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Outdated design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.9
  • Forex
  • CFD
  • Crypto
research
3.8
  • Trading ideas
  • Data on asset fundamentals
  • Baisc news feed
  • Basic charting tools
1.5
  • Strategy Tester for automated trading
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Regulated by the top-tier ASIC
  • No negative balance protection
  • Not listed on stock exchange
  • No investor proection by regulators
recommended for Investors, including beginners, focusing on the Canadian and US markets Forex traders who prefer the MetaTrader platform
×