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RBC TRADE broker Accounts

RBC Direct Investing Account Types

RBC Direct Investing offers a variety of account types to cater to different investment needs. Here are the main account types available:

  • Registered Accounts:
    • Tax-Free Savings Account (TFSA): No taxes on investment income or capital gains; ideal for saving towards any goal.
    • Registered Retirement Savings Plan (RRSP): Tax-efficient way to save for retirement; tax-deferred growth.
    • Registered Retirement Income Fund (RRIF): Convert your RRSP into income; offers tax-deferred growth.
    • Registered Education Savings Plan (RESP): Save for a child's post-secondary education with tax-deferred growth.
    • First Home Savings Account (FHSA): Save for your first home tax-free; contributions and withdrawals are tax-free if used for a qualifying home.
    • Non-Registered Accounts:
      • Cash Account: Flexible account for easy access to funds; trades at $9.95 or less.
      • Margin Account: Allows borrowing against the value of investments; increases buying power.
      • Non-Personal Accounts: Tailored for corporations, partnerships, and other entities.
      • RBC Direct Investing Broker Account Opening Process

        Opening an account with RBC Direct Investing is straightforward. Heres a step-by-step guide:

        • Select Account Type: Choose from various account types based on your investment goals.
        • Personal Information: Provide personal details including your name, address, and social insurance number (SIN).
        • Verify Identity: You can verify your identity through the Interac® verification service.
        • Fund Your Account: Transfer funds from an existing RBC bank account or other sources.
        • Risk Assessment: Complete a risk assessment to tailor your investment strategy.
        • Submit Application: Review and submit your application for approval.
        • Ready to Trade: Once approved, you can start trading immediately.
        • For more details on account types and the opening process, visit RBC Direct Investing.

RBC TRADE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
RBC TRADE Account