How to reduce risk with price alerts
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:
- Risk management is an important aspect of trading and investing
- With price alerts, you can spot unusual swings in an asset's price and take appropriate action
- Price alerts are available at RBC Direct Investing
Many investors fear a scenario where they would casually log in to their broker account, only to find that the price of a stock they own collapsed while they weren't looking. However, you probably don't want to check stock prices every hour either. So how can you spot such a risk in time?
Thankfully, many brokerages have an easy solution for this: price alerts. It's simple: just take a stock and set an alert price (either a specific price or as a percentage of the current price), and you'll receive a ping on your mobile phone or desktop when the stock hits that price; allowing you to access your platform and take appropriate action.
You can also set price alerts for stocks you don't yet own; so you can be notified when a stock price changes enough to be considered a good trading opportunity. No more FOMO! Sadly, not all brokers provide price alerts, or at least not on all devices. So let's see what RBC Direct Investing has to offer.
To find out more, read our in-depth guide to risk management, where we discuss various types of risks, as well as popular broker tools to handle them.
Are price alerts available at RBC Direct Investing?
Yes, price alerts are available at RBC Direct Investing's web trading platforms.
| 💰 RBC Direct Investing web price alerts | Yes |
| 💰 RBC Direct Investing mobile price alerts | No |
| 💰 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 | Yes |
Data updated on July 22, 2024
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.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- RBC Direct Investing stop-loss order type explained
- RBC Direct Investing news feed quality
- RBC Direct Investing mutual funds availability
- RBC Direct Investing stability
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.