RBC Direct Investing
RBC Direct Investing
is one of the largest online brokerage houses in Canada
and the investment advisory business of the Royal Bank of Canada
, the strongest and best reputed banking institution in the country
. The brokerage house offers a large variety of account types such as investment accounts
, retirement income accounts, retirement savings accounts
, tax free savings accounts
, RESP accounts
, and non-personal accounts. Single integrated accounts offer the option of managing US and Canadian components of registered plans in a single account. With this added capability, one can covert US to Canadian dollars at his or her convenience. Clients who open an investment account can hold a diversified investment portfolio, including bonds
, money market instruments, mutual funds
, guaranteed investment certificates, and cash. There are two types of accounts on offer: margin investment and cash investment accounts.
What makes the investment solutions and tools of RBC Direct Investing
unique is the fact that they offer to new costumers the option of opening a practice account. With this type of account, customers can learn the basic principles of online trading before they open a real account and start working with hard cash. First-time investors can learn how to make confident decisions and successfully balance the investment risk. They need to just establish and monitor a web-based mock portfolio online with an RBC Direct Investing Practice Account. This account will give them invaluable experience in their future financial operations. In addition, the holders of a practice account with RBC Direct Investing have an exclusive access to a wide range of model portfolios which help them establish or diversify their existing ones.
On the other hand, the more experienced costumers of RBC Direct Investing are provided with a vast variety of innovative market research tools, which enable them to make the best profit out of their investing initiatives. In addition, they have a 24/7 access to real-time market information and can rely on the consultancy services of market research giants such as Standard & Poor's or RBC Group.
The costumers of RBC Direct Investing can take advantage of a vast array of investment options including stocks, mutual funds, bonds, guaranteed investment certificates, exchange-trade funds, equities, fixed income securities, IPOs, etc.
Depending on the costumer’s trading level, the preferential commissions of RBC Direct Investing start from $6.95 flat for Canadian and US equities and $6.95 plus $1.25 per contract for Canadian and US options. Costumers holding more than $100,000 in household assets are charged $9.95 flat for Canadian and US equities and $9.95 + $1.25 per contract for Canadian and US options. It should be mentioned that all commissions are charged in the currency in which the security trades. Preferential pricing only applies to trade orders placed through the RBC Direct Investing website or their automated telephone service. As to the preferential rates for asset levels, the quarterly trading activity and asset levels of Direct Investing’s clients are reviewed each month and preferential pricing takes effect on the 22nd of every month. Customers must re-qualify on a monthly basis for the abovementioned pricing to stay in effect.