Compare RBC Direct Investing vs Zacks Trade


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

RBC Direct Investing vs Zacks Trade
overall rating
4.1
4.4
overall pros
  • Quick, useful customer service
  • Easy account opening in some cases
  • High-quality educational tools
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service
overall cons
  • Only US and Canadian markets covered
  • Lack of withdrawal/deposit options
  • Outdated mobile trading platform
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
3.8
  • No mutual fund trading fee
  • No withdrawal fee for RBC clients
  • Quarterly account fee
  • High withdrawal fee for non-RBC clients
4.2
  • Low stock and ETF fees / Free stock trading
  • No withdrawal fee
  • No inactivity fee
  • High fund fees
account opening
3.9
  • Fully digital
  • No minimum deposit
  • Account opening complicated for non-RBC bank account holders
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
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
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
web trading platform
2.9
  • Clear fee report
  • Price alerts
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Outdated design
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
0.7
  • Touch/Face ID login
  • Not user-friendly
  • No price alerts
  • Bugs
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Trading ideas
  • Data on asset fundamentals
  • Baisc news feed
  • Basic charting tools
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
2.5
  • Demo account
  • Trading platform tutorial
  • 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, focusing on the Canadian and US markets Traders and investors looking for comprehensive research tools, a wide product selection and low fees
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