RBC Direct Investing Online Brokerage

Current promotions

Investing · RBC Direct Investing online brokerage

Receive 3% on registered and 1% on non-registered transfers, up to $15,000

Apply or enrol byNovember 2, 2026

Investing · RBC Direct Investing online brokerage

Receive $100 after contributing at least $2,000 to a first GoSmart account

Apply or enrol byNovember 2, 2026

Overview

Full-Suite RBC Direct Investing provides cash, TFSA, RRSP and FHSA accounts without an account maintenance fee or minimum balance. Regular online and mobile stock and ETF trades cost $9.95 in the security's currency, except for selected commission-free ETFs. U.S. sales can also carry a regulatory assessment.

The separate GoSmart tier is limited to registered CAD accounts and includes 50 commission-free stock and ETF trades each calendar year, while the Active Trader rate requires substantial trading activity. Neither conditional tier changes the regular Full-Suite commission facts.

Full-Suite accounts can hold CAD and USD, but currency conversions include a tiered spread. Clients can use Online Investing, RBC Mobile or the Trading Dashboard, with streaming quotes, research, screeners and eligible dividend reinvestment.

Regular pricing and account fees

These are the regular online rates, excluding temporary promotions. Other account fees, currency conversion costs, service charges, trading fees and paid plans are covered below.

Account availability and recurring fees

Non-registered cash: Available · $0 account feeIndividual and joint non-registered cash accounts are available. No account maintenance fee applies.
TFSA: Available · $0 account feeSelf-directed TFSAs are available. No account maintenance fee applies.
RRSP: Available · $0 account feeIndividual and spousal self-directed RRSPs are available. No account maintenance fee applies.
FHSA: Available · $0 account feeSelf-directed FHSAs are available. No account maintenance fee applies.

Regular online commissions

Canadian Stock: Buy $9.95 CAD per trade · sell $9.95 CAD per tradeEach order is charged separately; multi-day fills can incur another commission. Buy: Regular online or mobile commission. Sell: Regular online or mobile commission.
Canadian Etf: Buy $9.95 CAD per trade · sell $9.95 CAD per tradeMore than 50 selected ETFs trade commission-free; other ETFs use regular equity pricing. Buy: Regular online or mobile commission outside the select free list. Sell: Regular online or mobile commission outside the select free list.
Us Stock: Buy $9.95 USD per trade · sell $9.95 USD per tradeU.S. commissions are charged in the security's currency; regulatory sale fees can apply. Buy: Regular online or mobile commission. Sell: Regular commission plus the applicable SEC assessment.
Us Etf: Buy $9.95 USD per trade · sell $9.95 USD per tradeSelected U.S. ETFs can be commission-free; other U.S. ETFs use regular equity pricing. Buy: Regular online or mobile commission outside the select free list. Sell: Regular commission outside the select free list plus the applicable SEC assessment.

Other fees and features

Accounts and tiers

Other accounts: RESP, RRIF, margin, business, trust and other non-personal accounts
GoSmart tier: Registered CAD-only mobile tier with 50 free stock and ETF trades per calendar yearLimited to TFSA, FHSA and RRSP; regular commissions apply after 50 trades.
Active Trader tier: $6.95 CAD or USD per equity trade at 150 or more commission-paid trades per quarter

Minimums and recurring fees

Account minimum: $0
Maintenance fee: $0 regardless of balance or account type
Private shares: $250 setup plus $200 annuallyException-only and subject to approval.

Service and transfer fees

Incoming transfer fee reimbursement: UnknownWe couldn't find an ongoing transfer-fee reimbursement policy outside temporary promotions.
Institutional transfer out: $150 per transfer
TFSA and FHSA withdrawals: $0
RRSP withdrawal: $50
Domestic or U.S. wire: $45
Cheque request: $10
Estate processing: $175 within RBC or $350 transferred out, per account

Investments and trading costs

Options: $9.95 plus $1.25 per contract; active pricing $6.95 plus $1.25
Mutual funds: $0 commissionFund-company charges can still apply.
Fixed income: $25 minimum to $250 maximum online; GIC and other bond commissions may be embedded in price
Precious-metal certificates: Gold $28.95 plus $1 per ounce; silver $28.95 plus $0.10 per ounce, with minimum quantities
Pass-through charges: ADR fees and applicable SEC sale assessments

Foreign exchange and currency

Account currencies: CAD and USD balances in the same Full-Suite account
USD-CAD spread: Tiered from 230 basis points below USD $25,000 to no more than 10 basis points at USD $2 million or more
Entitlement spread: 60 basis points for issuer entitlements such as dividends and interest

Markets

North American markets: Canadian and U.S. listed securities
International trading: Available through Full-Suite international trading accounts
Extended hours: U.S. pre-market 8:00-9:25 a.m. ET; Canadian and U.S. after-hours to 5:00 p.m. ET

Trading features

Dividend reinvestment: Free DRIP for eligible securities; whole shares only
Recurring contributions: Pre-authorized contributions supported
Practice account: Available free to RBC Online Banking and Direct Investing clients

Platforms and market data

Platforms: Online Investing, RBC Mobile and Trading Dashboard
Real-time data: Real-time and streaming quotes for listed equities and ETFs at no extra cost
Level 2: TSX and TSX Venture for all clients; CSE and Nasdaq for qualifying Active Traders

Orders and research

Research: Morningstar, LSEG, Trading Central, FactSet and RBC research and commentary
Tools: Screeners, watchlists, alerts, advanced charting, calendars and portfolio analysis
Representative-assisted equity trade: $43 minimum

Margin

Margin accounts: Available for eligible securities
Margin rates: Tiered CAD and USD debit rates published separately and subject to change

Custody and protection

Dealer: RBC Direct Investing Inc.
Regulatory membership: CIRO-regulated and a CIPF member
Online security guarantee: Reimbursement for qualifying unauthorized online or mobile transactions