Compare RBC Direct Investing vs Webull


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

RBC Direct Investing vs Webull
overall rating
4.1
4.4
overall pros
  • Quick, relevant customer service
  • Easy account opening in some cases
  • High-quality educational tools
  • Free stocks, ETFs and options
  • Fast and easy account opening
  • Great trading platforms
overall cons
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
  • Limited product portfolio
  • Only bank transfer for deposit/withdrawal
  • No live chat and poor phone support
fees
3.4
  • Low non-trading fees
  • No withdrawal fee
  • No mutual fund trading fee
  • Quarterly account fee
  • High Non-RBC Client Withdrawal Fee
4.7
  • No commission (for stocks, ETFs, options)
  • ACH transfers are free for funding & payout
  • High wire transfer costs
account opening
3.9
  • Fully digital
  • No minimum deposit
  • No minimum deposit
  • Account opening is a bit complicated for non-RBC bank account holders
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Mostly for just US residents
deposit and withdrawal
2.4
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Less withdrawal and deposit options if not a client of RBC bank.
1.9
  • No deposit fee
  • User-friendly
  • Free ACH deposit and withdrawal
  • Credit/Debit card not available
  • Only one account base currency
  • High fees for wire transfer
web trading platform
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
mobile trading platform
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
5.0
  • 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
  • No two-step (safer) login
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.7
  • Stock
  • ETF
  • Options
research
3.8
  • Trading ideas
  • Data on asset fundamentals
  • News are quite basic
  • Basic charting tools
3.4
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
0.8
  • Platform message center quick and useful
  • No live chat
  • Slow phone support
  • No answer to emails
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
2.0
  • 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
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • 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 Investors and traders looking for zero-commission trading and focusing on US markets
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