RBC Direct Investing vs Vanguard compared

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

RBC Direct Investing
Vanguard

Last update of dataNov 2022

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.

Vanguard

Vanguard is a US stockbroker regulated by the top-tier SEC and FINRA.

Recommended for long-term investors looking for great ETF and mutual fund selection.

RBC Direct Investing's service is slightly weaker than Vanguard's and a comparison of their fees shows that RBC Direct Investing's fees are slightly higher than Vanguard's.

Account opening takes somewhat more effort at RBC Direct Investing compared to Vanguard, deposit and withdrawal processes are about the same quality at RBC Direct Investing, while customer service quality is somewhat better than Vanguard's.

Our experts rated the trading platform of RBC Direct Investing as much less user-friendly than the platform of Vanguard, found that clients have access to about the same number of markets and products with RBC Direct Investing, while Vanguard provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.1

Recommended for Investors, including beginners, focusing on the Canadian and US markets

Overall Score
4.5

Recommended for Long-term investors looking for great ETF and mutual fund selection

Country of origin

Canada

Country of origin

USA

Fees

Fees score
3.4
Fees score
4.2
Fees summary

Average trading fees, low non-trading fees, free mutual fund investing

Fees summary

Average trading fees, low non-trading fees, free stock and ETF trading

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.4
Deposit and withdrawal score
2.4
Number of base currencies

2

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
3.7
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1-3 days

Required documents

Social Insurance Number, Government ID, Proof of Income

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Trading platform

Web platform score
2.9
Web platform score
3.4
Mobile platform score
0.7
Mobile platform score
4.4
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.4
Markets and products score
2.7
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
4.0
Research score
3.0
Charting quality

Mid-range

Charting quality

Poor

Education score
4.0
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

CAD 1 million

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1864

Foundation date

1975

Country of regulation

Canada

Country of regulation

USA

RBC Direct Investing

For detailed information and hands-on experience, read our review of this broker.

Vanguard

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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