Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this10:34 pm
November 21, 2022
Offline
I use both TD-DI and RBC-DI. With RBC-DI's recent pricing change to commission-free trading on 50 select ETFs, commission-free mutual fund transactions, and the elimination of the maintenance fee, I believe RBC-DI is the clear winner between the two. I'm sure TD-DI will make similar changes to their pricing structure eventually, but for now they look less attractive in comparison.
Pirithous
"Sometimes I do what I want to do. The rest of the time, I do what I have to."
5:49 am
November 21, 2015
Offline
Thank you for letting us know.
6:06 am
March 15, 2019
Offline
TDDI has better promos.
RBCDI doesn't have any promos
7:55 am
October 27, 2013
Offline
COIN said
TDDI has better promos.RBCDI doesn't have any promos
Another way to look at it is RBC DI does not prostitute itself grovelling trying to attract new accounts. Promos are loss leaders.
Of the big bank brokerages, Scotia iTrade, BMO Investorline and RBC DI now all have a series of commission free ETFs with BMO IL the most extensive and logical. CIBC IE has lower stock commissions and then you have NBDB with no commissions at all - a clear winner in my view in what really matters.
12:01 pm
December 7, 2023
Offline
It seems that you have to have Cash Balance before place a BUY order in RBC DI Cash account. ( I do not have RBC DI , so am not sure about it)
Investment Accounts:
Your combined buying power represents the funds currently available from both the Canadian and U.S. sides of your RBC Direct Investing account to complete a trade. This value includes any intraday activity on your account and is calculated in real-time.
1:16 pm
April 6, 2013
Offline
usephrase said
It seems that you have to have Cash Balance before place a BUY order in RBC DI Cash account. ( I do not have RBC DI , so am not sure about it)
…
I doubt that is actually the case with RBC Direct Investing.
There was a previous buying power discussion about BMO InvestorLine, National Bank Direct Brokerage, Scotia iTRADE, and TD Direct Investing. With all four discount brokers, cash balance is not required in a Cash account before placing an order, in spite of what their web sites say.
Buying power seems to be poorly understood by those who write those web pages and have not done any actual trading with those online brokers.
2:28 pm
October 27, 2013
Offline
Norman1 said
I doubt that is actually the case with RBC Direct Investing.
It is not the case in Cash (non-registered accounts). The only thing is a requirement to have the cash in account on Settlement Day, e.g. a transfer in from elsewhere.
Please write your comments in the forum.