RBC

General Information & Regulation of RBC

RBC is a Canadian diversified financial services company with more than 86,000 full- and part-time employees providing personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services to 1,700 clients in Canada, the United States, and 34 other countries. RBC is currently regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and holds a full license under its authority and permit.

Market Instruments

RBC's financial products include stocks, exchange-traded funds, mutual funds, options, and fixed income securities.

Types of Accounts of RBC

RBC's registered accounts include Tax-Free Savings Accounts (TFSA), Registered Retirement Savings Accounts (RRSP), Registered Retirement Income Fund Accounts (RRIF), and Registered Education Savings Plan Accounts (RESP). Unregistered accounts include cash accounts and margin accounts. In addition, RBC offers non-personal accounts where investors can choose from corporate, investor club and partnership accounts.

Commissions & Fees of RBC

RBC states that orders placed using its online investment website or mobile app are subject to a fixed fee of only $9.95 per equity trade ($6.95 per equity trade for 150 trades or more per quarter). Options are subject to a fee of $9.95 + $1.25 per contract ($6.95 + $1.25 per contract for 150 trades or more per quarter). For orders placed using an Investment Services Representative, the commission rate is 2.5% of volume for stocks/ETFs priced $0.00-$0.50, and $35+$0.02 per share for stocks priced $0.51-$2.00, $35+$0.05 per share for stocks priced $2.01 or more. Options are subject to a fee of $35 + $1.75 per contract.Gold commission rate is $28.95 + $1 per ounce (minimum 5 ounces traded) and silver commission rate is $28.95 + $0.10 per ounce (minimum 100 ounces per trade).

Trading Software

Investors can download the RBC mobile application, which supports Android and Apple mobile versions for trading on the RBC platform.