Regulated by IIROC, providing a level of security and trust for investors.

Offers a wide range of financial instruments including forex, equities, and commodities.

Provides comprehensive research and market analysis tools, beneficial for informed trading decisions.

High minimum deposit requirement of $100,000, making it less accessible for retail traders.

Limited customer support options, lacking live chat and direct email communication.

Primarily caters to institutional and high-net-worth clients, which may not suit beginner or smaller investors.

RBC Securities broker Accounts

RBC Direct Investing Account Types

RBC Direct Investing offers a variety of account types to cater to different investment needs, including:

Tax-Free Savings Account (TFSA): Save for any goal with tax-free investment income and withdrawals.
First Home Savings Account (FHSA): Save for your first home tax-free, with contributions and withdrawals exempt from taxes when used for a qualifying home.
Registered Retirement Savings Plan (RRSP): Invest for retirement with tax benefits and tax-deferred growth on investments.
Registered Retirement Income Fund (RRIF): Convert your RRSP to receive retirement income while enjoying tax-deferred growth.
Registered Education Savings Plan (RESP): Save for a child's post-secondary education with tax-deferred growth and access to government grants.

Cash Account: A flexible, highly liquid account for easy access to your money.
Margin Account: Borrow against the value of your investments to increase buying power, with potential for greater returns and risks.

Non-Personal Accounts: Tailored accounts for corporations, partnerships, and other entities to manage investments.

Opening an account with RBC Direct Investing is a straightforward process:

Eligibility: Ensure you meet the eligibility requirements to open an account.
Online Application:

If you are an RBC client, sign in to your online banking to save time.
Select the type of account you wish to open (TFSA, FHSA, RRSP, etc.).
Complete the application form online, verifying your identity through the Interac® verification service.

Transfer from Another Brokerage: If transferring an account, move $15,000 or more to receive reimbursement for up to $200 in transfer fees.
In-Person Option: You can also visit an RBC Royal Bank branch or RBC Direct Investing Investor Centre to open an account in person.
Security Guarantee: RBC offers a 100% reimbursement for any unauthorized transactions made through their online platform.

For more information on the opening process, visit: RBC Direct Investing - Open an Account