Some brokerages charge extra for market data. Others boast low fees but offer limited tools and investment options.
At RBC Direct Investing, you can access all the data, tools and investments you need with no extra fees on .
Trade and invest on a platform made for all investors. Monitor your investments and take action on the go.Legal Disclaimer footnote 3 Supercharge your trading experience with a fully customizable dashboard. All for one quarterly maintenance fee.
Explore Trading Platforms >Act on price changes and make informed trades with free real-time streaming quotes for stocks and exchange-traded funds (ETFs).
Get Level 2 quotes for TSX and TSX-V-listed securities. If you’re an Active TraderLegal Disclaimer footnote 6 with signed exchange agreements, also get Level 2 quotes for Canadian Securities Exchange and Nasdaq-listed securities.
Automatically reinvest the cash dividends you earn from your equity investments. RBC Direct Investing purchases shares in the same companies on your behalf on the dividend payment date.
Open one or more Practice Accounts to get comfortable with trading and investing and tour our actual Online Investing platform without using real money.
Act on ideas outside of traditional market hours, quickly respond to corporate or macroeconomic announcements and understand how the markets are reacting to the latest news.
$
0
extra fees
Download the latest Commisions & Fees Schedule (opens pdf in a new window) effective June 10, 2024.*
(*Requires Adobe Acrobat. Get Acrobat.)
The following prices apply to each buy and sell transaction of stocks (including rights and warrants) and exchange-traded funds (ETFs) trading on all Canadian and U.S. exchanges and over-the-counter markets.
Online and Mobile Trades
Less than 150 trades per quarter
$9.95 flat per transactionLegal Disclaimer footnote 1
150+ trades per quarterLegal Disclaimer footnote 2
$6.95 flat per transactionLegal Disclaimer footnote 1
Trades Placed with an Investment Services Representative
$43 minimum commission (transaction with a principal dollar value of $2,000 or less):
Stock/ETF Price
$0.00 - $0.50
2.5% of trade
$0.51 - $2.00
$35 + $0.02 per share
$2.01 and over
$35 + $0.05 per share
The following prices apply to each buy and sell transaction of options trading on all Canadian and U.S. exchanges and over-the-counter markets.
Online and MobileLegal Disclaimer footnote 13 Trades
Less than 150 trades per quarter
$9.95 flat per transaction + $1.25 per contract
150+ trades per quarterLegal Disclaimer footnote 2
$6.95 flat per transaction + $1.25 per contract
Explore the Active Trader Program
Trades Placed with an Investment Services Representative
Principal dollar value of $2,000 or less
$43 (minimum commission)
All other transactions
$35 + $1.75 per contract
Options Assignments and Exercises
The commission schedule for orders placed using an Investment Services Representative will apply for all options assignments and exercises.
Learn about Options
$0 commission to purchase new stock issues (when available).
Buy or switch fundsLegal Disclaimer footnote 14
1% commission on the gross trade amount
($50 maximum per trade, charged in the fund’s currency)
Sell funds
$0 commissionLegal Disclaimer footnote 15
Learn about Mutual Funds
Commission is included in the quoted price.Legal Disclaimer footnote 16
Learn about GICs
Commission is included in the quoted priceLegal Disclaimer footnote 16 for bonds, treasury bills, debentures and other money market instruments:
Online or mobile trade
$25 per transaction (min.)
$250 per transaction (max.)
With an Investment Services Rep
$43 per transaction (min.)
$250 per transaction (max.)
Learn about Bonds and Other Fixed Income
$43 minimum commission per trade.
Gold
$28.95 + $1 per oz.
Minimum 5 oz. per trade
Silver
$28.95 + $0.10 per oz.
Minimum 100 oz. per trade
Note: $0 safe-keeping charges for RBC gold and silver certificates.
Download the latest Commisions & Fees Schedule (opens pdf in a new window) effective June 10, 2024.*
(*Requires Adobe Acrobat. Get Acrobat.)
Combined assets of $15,000 or more across all of your RBC Direct Investing accounts
$0
First Home Savings Account (FHSA) only RBC Direct Investing account held, any asset amount
$0
Combined assets of less than $15,000 across all of your RBC Direct Investing accounts
$25 per quarterLegal Disclaimer footnote 17
TFSA withdrawal
$0
FHSA withdrawal
$0
Home Buyer’s Plan (HBP) withdrawal
$25
Lifelong Learning Plan (LLP) withdrawal
$25
RIF, LIF, RLIF, PRIF and LRIF withdrawals
(in addition to scheduled payments)
$0 for first two withdrawals per year
$25 each additional withdrawal
RSP withdrawals (including LIRA unlocking)
$50
Wire transfer of funds to another financial institution within Canada and the U.S.
$45
Cheque requests23
$10
Confirmation replacement
$2
Statement replacement (including tax and CRM2 statements)
$5
Research account inquiries
$40 per hour (min. $20)
Dishonoured item (NSF and returned cheques)
$45
Certificate registration - regular (approximately 2 to 3 weeks)
$50
Certificate registration - rush (3 to 5 business days where available)
$200
Transfer out (all account types, excluding donation of shares)
$150
Internal transfers (third-party name)
$25
Private sharesLegal Disclaimer footnote 23,Legal Disclaimer footnote 24
$250 setup + $200 annual fee
Restricted sharesLegal Disclaimer footnote 23,Legal Disclaimer footnote 24
(holding securities subject to legal restriction on distribution and sale)
$200 per security
Legal security transferLegal Disclaimer footnote 25
$100
Collateral pledge accounts
$0 setup / $0 annual
Employee stock option planLegal Disclaimer footnote 26
$50
Estate account processing - assets transferred within RBCLegal Disclaimer footnote 27
$175/account
Estate account processing - assets transferred out of RBC
$350/account
Unclaimed property remittance fee (as permitted by law)
$150/account
Registered estate T3 preparation and filing, per account (if required)
$200/hour (min. $200, max. $600)
Mortgages in self-directed plans (set up before January 1, 2014)Legal Disclaimer footnote 28
$200 annual administration fee (pro-rated fee is deducted monthly for RSP)
Potential third-party fees to fulfill a request
Varies (you will be notified of any third-party fees before they are charged to your account)
American Depositary Receipts (ADR) fees
Any fees associated with ADRs are passed on to ADR holders. Clearing corporations collect fees on behalf of ADR custodians. For ADRs that pay dividends, these fees are typically deducted from dividend payments to ADR holders. For ADRs that do not pay dividends, these fees will be deducted from ADR holders’ account(s). The amount and timing of ADR fees are detailed in the ADR prospectus.
Note: GST, HST and provincial taxes are charged where applicable.
Passed through to ADR holders
Easy ways to keep more of your money invested.
If you’re an Avion RewardsLegal Disclaimer footnote 11 member and you have an eligible RBC Direct Investing account, you can use your Avion points to pay for online and mobile trade commissions—or to make cash contributions to your account!
Explore Trade with PointsYou can skip the quarterly $25 maintenance fee several ways:
If you have an eligible RBC bank account enrolled in the Value Program and hold other RBC products—like an RBC Direct Investing account and a credit card or mortgage—you can earn Avion points fasterLegal Disclaimer footnote 29 with your bank account and save on monthly banking feesLegal Disclaimer footnote 30.
Investment Account (Non-Registered)
If credit balance is: | $CDN | $USD |
---|---|---|
All Balances | 0% | 0% |
Royal Circle Investment Account (Non-Registered)
If credit balance is: | $CDN | $USD |
---|---|---|
All Balances | 0% | 0% |
RSP, TFSA and RIF Accounts (Registered)
If credit balance is: | $CDN | $USD |
---|---|---|
All Balances | 0% | 0% |
Notes:
Debit balances carried in any account not approved to borrow against investments held in the account will be charged an interest rate according to the chart below.
Cash Investment Account
If debit balance is: | $CDN | $USD |
---|---|---|
All Balances | 21% | 21% |
RSP, TFSA and RIF Accouunts
If debit balance is: | $CDN | $USD |
---|---|---|
All Balances | 21% | 21% |
Royal Circle Cash Investment Account
If debit balance is: | $CDN | $USD |
---|---|---|
$100,000 and over | 19.75% | 19.75% |
$25,000 to $99,999 | 20.50% | 20.50% |
$0 to $24,999 | 20.75% | 20.75% |
Notes:
View our competitive interest rates on margin account loans.
Margin RatesThe foreign currency conversion rate that appears on your trade confirmation and account statement includes the spread that we (or our affiliates) earn for performing foreign currency transactions for you. Spread is the difference between the rate we (or our affiliates) obtain and the rate you receive. The foreign currency conversion rate and the spread will depend on a number of factors, including market terms and conditions as well as the amount, date and type of foreign currency transaction.
Generally, the foreign exchange spread rates we (or our affiliates) obtain for USD-CAD transactions is described below, except for the spread for issuer entitlements that you receive in your account (such as dividends and interest), which is 60 bps (0.50%Legal Disclaimer footnote 31). Where a trade is conducted in securities denominated in a currency other than the currency of your account (Trade FX), rather than a cash conversion (Straight FX), the lowest spread is capped at the $75,000.01 to $500,000 tier.
Spread is subject to change without notice. For clarity, the below is not the foreign currency conversion rate.
Transaction Amount (USD) | Spread (bps) | Spread (%)Legal Disclaimer footnote 31 |
---|---|---|
$0 to $24,999 | 210 | 1.60% |
$25,000 to $74,999 | 130 | 1.00% |
$75,000 to $499,999 | 75 | 0.60% |
$500,000 to $999,999 | 50 | 0.40% |
$1,000,000 to $1,999,999 | 25 | 0.20% |
$2,000,000.01 plus | No more than 10 bps | 0.10% |
Transfer $15,000 or more and we’ll cover up to $200 in fees charged by your other brokerage.Legal Disclaimer footnote 32
You're Protected. Get 100% reimbursement for any unauthorized transactions conducted through the Online Investing platform or the RBC Mobile app.
See the Guarantee
All the Ways to Waive the Maintenance Fee
The $25 quarterly maintenance fee is waived if you meet any one of the following criteria: