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RBC

Canada | 5-10 years |
Regulated in Canada | Market Maker (MM) | Medium potential risk

https://www.rbcdirectinvesting.com/index.html

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Canada 8.33
Surpassed 66.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+1 800-769-2560
https://www.rbcdirectinvesting.com/index.html
155 Wellington Street West RBC Centre, 19th Floor Toronto ON M5V 3K7
https://www.facebook.com/rbc

Licenses

Licensed Entity:RBC Direct Investing Inc.

License No. Unreleased

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-09-14
  • The current information shows that this broker does not have a trading software. Please be aware!

Basic Information

Registered Region
Canada
Operating Period
5-10 years
Company Name
RBC Direct Investing Inc.
Abbreviation
RBC
Company employee
--
Contact Number
+18007692560
Company address
155 Wellington Street West RBC Centre, 19th Floor Toronto ON M5V 3K7
Marketing Strategy
Biz Area
Website
Genealogy
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Sources
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Creatives

Website

rbcdirectinvesting.com
204.74.99.100
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2001-12-12
Website
WHOIS.CORPORATEDOMAINS.COM
Company
CSC CORPORATE DOMAINS, INC.

Genealogy

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Relevant Enterprises

RBC Direct Investing Inc.(Canada)
Active
Canada
Registration No. 2525186
Established 2019-08-19
Related sources Website Announcement

Company Summary

RBC Review Summary
Registered On2001-12-11
Registered Country/RegionCanada
RegulationRegulated
Investment ProductsStocks, Options, New issues/IPOs, ETFS, Mutual Funds, GICs, Bonds, Gold, and Silver
Trading PlatformOnline investment platform, RBC Mobile App (Mobile)
Customer SupportToll-Free: 1-800-769-2560
Overseas: 1-416-977-1255
Cantonese and Mandarin: 1-800-667-8668 or 416-313-8611
Fax: 1 (888) 722-2388

RBC Information

RBC Direct Investing is a self-directed investment platform under the Royal Bank of Canada (RBC), strictly regulated. It offers various investment services, including stocks, options, ETFs, mutual funds, and bonds, covering 18 global markets such as Canada and the United States. Supporting three trading methods—the online platform, mobile app, and professional trading dashboard—it caters to all types of investors, from beginners to seasoned traders.

Pros and Cons

Pros Cons
RegulatedUnspecific account information
Low commission structure (as low as $6.95 per trade)Maintenance fee threshold
Clear fee informationSpread as high as 1.6% (USD-CAD)
Flexible trading platforms

Is RBC Legit?

The Canadian Investment Regulatory Organization regulates RBC, with its license number being unreleased, and RBC strictly adheres to Canadian securities regulations.

regulates
regulates

What Can I Trade on RBC?

RBC offers Canadian and U.S. stocks, including common and preferred shares, newly issued stocks, options, rights and warrants, equity, fixed income, and money market mutual funds, exchange-traded funds (ETFs), and fixed income investments such as treasury bills, bonds, and guaranteed investment certificates (GICs).

ProductsTradable Instruments Supported
Equity InvestmentsStocks
Options
New issues/lPOs
Built-in DiversificationETFs
Mutual Funds
Fixed-Income InvestmentsGICs
Bonds
Precious MetalsGold and Silver
stocks

Account Type

RBC offers registered accounts with tax benefits and non-registered accounts.

Registered Accounts

TFSA (Tax-Free Savings Account)

RRSP (Registered Retirement Savings Plan)

FHSA (First-Time Home Savings Account)

RESP (Registered Education Savings Plan)

RRIF (Registered Retirement Income Fund)

Non-Registered Accounts

Cash accounts, margin accounts, and corporate/trust accounts for institutional investors (supporting corporate/partnership structures).

Accounts

RBC Fees

commossion

AssetsCommission Details
Stock/ETF TradingOnline: $9.95 per trade (fewer than 150 trades per quarter), $6.95 per trade (150+ trades per quarter)
Options TradingOnline: $9.95 per trade + $1.25 per contract (low frequency), $6.95 per trade + $1.25 per contract (high frequency)
Mutual Fund Purchases1% commission ($50 maximum)
Gold$28.95 + $1 per ounce
Silver$28.95 + $0.10 per ounce
Fixed IncomeStarting from $25 per transaction
commossion

Foreign Exchange Spread Rates

Transaction Amount (USD)Spread (bps)Spread (%)
$0 to $24,9992301.6%
$25,000 to $99,9991451.0%
$100,000 to $499,999850.6%
$500,000 to $999,999500.4%
$1,000,000 to $1,999,999250.2%
$2,000,000.01 plusNo more than 10 bps0.1%

If the assets are less than $15,000, a quarterly maintenance fee of $25 is required (waiver available). Additionally, wire transfers within Canada or the U.S. cost $45 per transaction.

Trading Platform

RBC offers an online investment platform suitable for comprehensive analysis, providing a demo account. Additionally, the RBC Mobile App enables convenient mobile trading, while the professional-grade Trading Dashboard tools are tailored for high-frequency traders and institutional investors.

platform

Bonus

Traders who transfer assets of ≥ $15,000 will be reimbursed up to $200 for the account transfer fees from their original brokerage.

assets

Keywords

  • 5-10 years
  • Regulated in Canada
  • Market Maker (MM)
  • Medium potential risk

Wiki Q&A

Hhduy
Within 1 year

Which types of trading instruments can you access through RBC, such as stocks, forex, indices, commodities, or cryptocurrencies?

WikiFX Reply
Based on my experience using RBC Direct Investing, the range of trading instruments primarily focuses on traditional assets rather than the full scope often seen at global forex or CFD brokers. For my portfolio, I was able to access Canadian and U.S. stocks, including both common and preferred shares, which is essential for equity diversification and long-term investment planning. Additionally, RBC provides access to options, new issues and IPOs, equity and fixed-income mutual funds, exchange-traded funds (ETFs), GICs, and a selection of bonds. I found these choices suitable for both growth and income strategies. For those interested in physical commodities, the ability to trade gold and silver stood out to me, although the pricing model and commission structure require careful review before committing significant capital. However, it's important to highlight that RBC does not support direct trading of forex pairs beyond facilitating currency exchanges for asset purchases, and there is no access to indices or cryptocurrencies. This limited my speculative options compared to other platforms more focused on leveraged products or alternative asset classes. Ultimately, while RBC’s instrument list is broad across equities and fixed income, especially within North American markets, traders seeking forex, indices, or crypto trading will need to consider other platforms. In my view, this focus underscores its regulatory alignment and conservative risk profile, making it well-suited for investors who prioritize security and established markets over high-risk or emerging instruments.
Broker Issues
RBC
Leverage
Instruments
Account
Platform
08-29
United States
Ahmed Harb
Within 1 year

Is a free demo account available through RBC, and if so, are there any restrictions such as an expiration period?

WikiFX Reply
Based on my thorough experience using a variety of brokers and platforms, I can confirm that RBC Direct Investing does offer a demo account option as part of its online investment platform. Personally, I consider demo accounts invaluable for testing a broker’s platform and tools before actually committing funds, especially with a provider like RBC that caters to both new and experienced traders. While RBC’s platform includes a demo feature, it’s essential to recognize that, as with most regulated brokers in Canada, such demo accounts are typically aligned more with platform navigation and tool exploration rather than simulating real trading conditions or providing virtual capital for extended “live-like” trading sessions. From my own review and the details available, there is no explicit information provided about demo account expiration or hard-set limitations on use, but it’s always my practice to clarify these aspects directly with the broker’s support team if I plan to test specific trading strategies or functionalities over an extended period. RBC, being under strict Canadian regulatory oversight, tends to keep its disclosure and access policies straightforward, making it relatively easy to inquire about such practical details. For me, the lack of advanced or promotional features in the demo environment suggests that it is intended mainly for acclimating to the platform, not for comprehensive simulated trading. Therefore, if you are considering RBC Direct Investing for your trading, you can expect access to a demo environment mainly for familiarization. I recommend reaching out to their support for further details if you have unique needs or longer-term testing in mind. As always, I proceed with caution and due diligence when evaluating any broker’s offerings, and I encourage others to do the same.
Broker Issues
RBC
Instruments
Platform
Account
Leverage
08-21
United States
Rojas
Within 1 year

What's the smallest sum I’m allowed to take out from my RBC account in a single transaction?

WikiFX Reply
From my experience trading through RBC Direct Investing, I've found that their platform is primarily designed for Canadian investors who want secure, self-directed access to a wide range of asset classes. While their fee schedules and account options are refreshingly transparent, I've noticed that specifics on minimum withdrawal amounts aren’t clearly outlined in their publicly available information. In my own practice, I always approached withdrawals conservatively, ensuring my requests complied with the available balance and applicable transaction fees. It’s important to note that RBC charges a $45 fee for each wire transfer within Canada or the U.S., and there may be implications depending on which type of account—such as TFSA, RRSP, or non-registered—I’m withdrawing from. This can affect both withdrawal methods and tax considerations. For me, this meant I always contacted their customer support before making significant withdrawals to clarify the minimums for my specific account type and transfer method. In the absence of an explicit published minimum, I found prudent planning and direct confirmation with RBC’s support was the safest way forward. If you’re considering a withdrawal, I would recommend you do the same to ensure there are no surprises or compliance issues.
Broker Issues
RBC
Deposit
Withdrawal
07-15
United States
schlaepfi
Within 1 year

Which trading platforms are offered by RBC? Do they support MT4, MT5, or cTrader?

WikiFX Reply
Based on my own experience as an independent trader, RBC Direct Investing provides its own proprietary trading platforms rather than the third-party platforms commonly used in the forex world. Specifically, RBC offers an online investment platform accessible via web browser as well as a dedicated RBC Mobile App. For those who require enhanced analytics and execution capabilities, there is also a professional-grade Trading Dashboard, which I found to be robust enough for active investors. However, if you’re interested in using largely forex-focused platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader, RBC does not provide support for any of these. In my view, this is a key limitation to consider, especially if you prioritize algorithmic trading, EA integration, or advanced charting features typically associated with MT4 and MT5. The proprietary RBC platforms are better suited for stock, ETF, mutual fund, and fixed income trading rather than complex forex or CFD strategies. For me, the absence of popular third-party trading platforms like MT4 or cTrader means RBC is not the most flexible option for specialized forex trading. Instead, their focus seems squarely on providing a secure, user-friendly experience tailored to North American equity and investment markets under strong Canadian regulation. This might be a benefit for longer-term investors, but less ideal for traders who rely on forex-specific tools or custom strategies.
Broker Issues
RBC
Leverage
Platform
Account
Instruments
06-18
United States
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