RBC Forex Broker

RBC Review SummaryRegistered On2001-12-11Registered Country/RegionCanadaRegulationRegulatedInvestment ProductsStocks, Options, New issues/IPOs, ETFS, Mutual Funds, GICs, Bonds, Gold, and SilverTrading PlatformOnline investment platform, RBC Mobile App (Mobile)Customer SupportToll-Free: 1-800-769-2560Overseas: 1-416-977-1255Cantonese and Mandarin: 1-800-667-8668 or 416-313-8611Fax: 1 (888) 722-2388RBC 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 ConsPros Cons RegulatedUnspecific account informationLow commission structure (as low as $6.95 per trade)Maintenance fee thresholdClear fee informationSpread as high as 1.6% (USD-CAD)Flexible trading platformsIs RBC Legit? The Canadian Investment Regulatory Organization regulates RBC, with its license number being unreleased, and RBC strictly adheres to Canadian securities regulations.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✔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).RBC Fees commossionAssetsCommission DetailsStock/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 ounceSilver$28.95 + $0.10 per ounceFixed IncomeStarting from $25 per transaction Foreign Exchange Spread RatesTransaction 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.Bonus Traders who transfer assets of ≥ $15,000 will be reimbursed up to $200 for the account transfer fees from their original brokerage.