Compare TD DI, RBC DI and Questrade

Thank you both

Thank you both

I've had zero issues with RBC Direct Investing - but the cost per trade is the same issue as TD. However, I live with it because of instant access to funds from my accounts and seamless transfers. Case in point, when ATD dropped last week (or the week before), i had no funds in my trading accounts - but within minutes i transfered funds into my RRSP and took a position. Can't do that if I had Questrade or Wealthsimple, or something like that. Since I have everything with RBC, they essentially have me in golden handcuffs.

They have lots of research as well, but since I do most of my own stuff, I don't use their information all that much so can't really speak to the breadth of it and the like. I know that to get access to some of the more in depth stuff, you need minimum holdings of 200K I believe.

Mat

I've had zero issues with RBC Direct Investing - but the cost per trade is the same issue as TD. However, I live with it because of instant access to funds from my accounts and seamless transfers. Case in point, when ATD dropped last week (or the week before), i had no funds in my trading accounts - but within minutes i transfered funds into my RRSP and took a position. Can't do that if I had Questrade or Wealthsimple, or something like that. Since I have everything with RBC, they essentially have me in golden handcuffs.

They have lots of research as well, but since I do most of my own stuff, I don't use their information all that much so can't really speak to the breadth of it and the like. I know that to get access to some of the more in depth stuff, you need minimum holdings of 200K I believe.

Mat

I use Questrade, and I've never had any issues. I love the platform and interface. However, I've heard during the pandemic customer support has been lagging. I rarely have to contact support, so I'm unsure of how bad it really is.

Commissions at Questrade are minimum $4.95 max $9.95, at 1 cent a share. So, 100 shares will cost you $4.95 and 600 shares will cost you $6.

I haven't used RBC Direct Investing, but Mat does so maybe I will get him to chime in. But as far as Questrade goes, I really enjoy them. My deposits are set up like a recurring bill through my online banking, and I have the money in the account typically a day or two after.

However, to uproot what you have, don't JUST think of commissions. Ease of use as you were saying with the transfers is big, and sometimes it is nice to have everything all in one place.

I've never used TD Direct investing, so I can't really give you a comparison. But typically we get a few members chiming in on their thoughts. So maybe that will happen. Other than that, it may be best to head to Youtube to see comparisons of those who have actually dealt with TD Direct Investing. I've been with Questrade for over a decade now, so I'm not aware of how much Big Bank brokerages have advanced since I started.

I use Questrade, and I've never had any issues. I love the platform and interface. However, I've heard during the pandemic customer support has been lagging. I rarely have to contact support, so I'm unsure of how bad it really is.

Commissions at Questrade are minimum $4.95 max $9.95, at 1 cent a share. So, 100 shares will cost you $4.95 and 600 shares will cost you $6.

I haven't used RBC Direct Investing, but Mat does so maybe I will get him to chime in. But as far as Questrade goes, I really enjoy them. My deposits are set up like a recurring bill through my online banking, and I have the money in the account typically a day or two after.

However, to uproot what you have, don't JUST think of commissions. Ease of use as you were saying with the transfers is big, and sometimes it is nice to have everything all in one place.

I've never used TD Direct investing, so I can't really give you a comparison. But typically we get a few members chiming in on their thoughts. So maybe that will happen. Other than that, it may be best to head to Youtube to see comparisons of those who have actually dealt with TD Direct Investing. I've been with Questrade for over a decade now, so I'm not aware of how much Big Bank brokerages have advanced since I started.