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ETF trading at RBC Direct Investing

Your expert
Oskar G.
Fact checked by
Adam N.
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Can I buy ETFs at RBC Direct Investing as of January 2024?

Yes, you can buy ETFs at RBC Direct Investing.
BrokerChooser score
3.9 3.9 /5
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How to reduce risk with ETFs

My key findings in a nutshell
Oskar
Oskar Golebiowski

I've thoroughly tested RBC Direct Investing services with our analyst team by opening a real-money account and these are my most important findings:

  • Diversification is an important aspect in investing
  • With ETFs you can easily diversify your portfolio
  • The cost of trading ETFs at RBC Direct Investing is average

One thing that keeps many investors awake at night is that they will lose money because of investing in the wrong assets. The easiest way to minimize that risk is to diversify your investments - that is, to buy as many different assets as possible, preferably across several asset types.

If that sounds like too much trouble, then ETFs, or exchange-traded funds, may just be the right investment for you. In short, ETFs are funds that invest in many different securities (often hundreds of them). By buying a single ETF, you're basically investing in all of those underlying assets. In essence, the ETF provider is doing the diversification for you.

Some ETFs focus on a specific sector, region or commodity, while others have much broader coverage. It's up to you how deep you want to diversify your holdings. And you can always diversify further by buying several different ETFs; the best brokers offer hundreds of ETFs to choose from.

Is it worth buying ETFs at RBC Direct Investing?

No, RBC Direct Investing is not the best place to buy ETFs, as costs are not that low.

However, if you are searching for a good broker that offers ETFs, check out our best brokers for ETFs list.

RBC Direct Investing main highlights
💰 RBC Direct Investing ETF trading fees class Average
📃 RBC Direct Investing number of available ETFs 3,100
💰 RBC Direct Investing withdrawal fee $0
💰 RBC Direct Investing minimum deposit $0
💰 RBC Direct Investing inactivity fee No
📃 RBC Direct Investing deposit methods Bank transfer
🗺️ Country of regulation Canada
🎮 RBC Direct Investing demo account provided Yes

Data updated on January 4, 2024

At RBC Direct Investing there is a vast amount of ETFs to choose from. This provides investors the opportunity to diversify their portfolio more easily.

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

To learn more, read our comprehensive guide to portfolio diversification, including pros, cons and the most popular strategies.

FAQ

Are ETFs a good investment?

ETFs are usually considered to be low-risk assets. Investing in ETFs can help in building a diversified portfolio.

Are ETFs good for beginners?

ETFs are usually considered to be low-risk assets. Investing in ETFs can help in building a diversified portfolio.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Author of this article

Oskar Golebiowski
Oskar Golebiowski

Oskar is a former Canadian broker expert for BrokerChooser. Oskar's goal is to bring transparency to investors in the Canadian stock brokerage market. With a bachelor’s degree in finance and over 3 years of business experience, Oskar has tested many different investing platforms in the past. His aim is to provide unbiased and honest reviews of the best tools available to Canadian investors.

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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