Pricing for investors at every stage.
New Investors
Easy to use, mobile-first
& commission free
50 Free trades per year on stocks & ETFslegal disclaimer 1
- Unlimited commission-free trading on select ETFslegal disclaimer 2
- No account maintenance fee
- Access to mobile tools and research with basic access to the online trading platform
Pay no extra fees for:
- Instant transferslegal disclaimer 21 from your RBC bank accounts
- Live streaming data helps you follow Canadian and U.S. stock and ETF prices in the moment
- Easy-to-access mobile tools and research
- Recurring investment into an all-in-one ETF
Established Investors
Full Suite, self-directed platform
and investments
Standard RBC Direct Investing
Per online/mobile trade for stocks/ETFs
- Unlimited commission-free trading on select ETFslegal disclaimer 2
- No account maintenance fee
- Commission-free trading on Mutual Fundslegal disclaimer 3
- Full suite of tools and research on all 3 trading platforms
Pay no extra fees for:
- Live streaming data and Level 2 quotes (TSX, TSX-V) to help you stay on top of your investments
- Pre and post-market trading
- Multi-currency accounts
- International trading accounts
- Automatically reinvest your dividend earnings on DRIP eligible securities
Active Traders
Access to advanced research and data at a lower cost per trade
Active Trader Program
Per online/mobile trade for stocks/ETFs
(150+ trades/quarter)
- Unlimited commission-free trading on select ETFslegal disclaimer 2
- No account maintenance fee
- Commission-free trading on Mutual Fundslegal disclaimer 3
- Full suite of tools and research on all 3 trading platforms
Pay no extra fees for:
- Level 2 quotes (TSX, TSX-V, Canadian Securities Exchange and Nasdaq-listed securities) and exclusive premium research
- Customizable Trading Dashboard
- Multi-currency accounts
- International trading accounts
- Automatically reinvest your dividend earnings on DRIP eligible securities
Compare GoSmart accounts vs Full-Suite RBC Direct Investing accounts
Trading Commissions
Canada and U.S. · Effective August 1st, 2025
|
NEW INVESTORS Accounts
(TFSA, FHSA, RRSP) |
ESTABLISHED INVESTORS Full-suite RBC Direct Investing(All Registered, Non-Registered & Business Accounts) |
ACTIVE TRADERS Active Trader Program6(All Registered, Non-Registered & Business Accounts) |
||
|---|---|---|---|---|
| Exchange Traded Funds (ETFs) | All Accounts: Unlimited $0 commission trades on a selection of over 50 ETFslegal disclaimer 2 | |||
| 50 commission-free stock & ETF trades per year across all GoSmart Accountslegal disclaimer 1 | Less than 150 Trades per quarter: $9.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 |
150 trades or more per quarter: $6.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 |
||
| Stocks | 50 commission-free stock & ETF trades per year across all GoSmart Accountslegal disclaimer 1 | Less than 150 Trades per quarter: $9.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 |
150 trades or more per quarter: $6.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 |
|
| Mutual Funds | Not Available | $0 per tradelegal disclaimer 3 | $0 per tradelegal disclaimer 3 | |
| Options | Not Available | Less than 150 trades per quarter: $9.95legal disclaimer 4 + $1.25 per contract per online/mobile trade |
150 trades or more per quarter: $6.95legal disclaimer 4 + $1.25 per contract per online/mobile trade |
|
| Guaranteed Investment Certificates (GICs) | Not Available | Commission is included in the quoted pricelegal disclaimer 7 | Commission is included in the quoted pricelegal disclaimer 7 | |
| Bonds and Other Fixed Income | Not Available |
Online or mobile trade:
$25 per transaction (min.) $250 per transaction (max.)
With an Investment Services Rep:
$25 per transaction (min.) $250 per transaction (max.) |
Online or mobile trade:
$25 per transaction (min.) $250 per transaction (max.)
With an Investment Services Rep:
$25 per transaction (min.) $250 per transaction (max.) |
|
| Commission is included in the quoted pricelegal disclaimer 7 for bonds, treasury bills, debentures and other money market instruments. | ||||
| Gold and Silver Certificates | Not Available |
Gold:
$28.95 + $1 per oz. Minimum 5 oz. per trade
Silver:
$28.95 + $0.10 per oz. Minimum 100 oz. 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 |
|
| $43 minimum commission per trade. Note: $0 safe-keeping charges for RBC gold and silver certificates. | ||||
|
NEW INVESTORS
|
ESTABLISHED INVESTORS Full-suite RBC Direct Investing(All Registered, Non-Registered & Business Accounts) |
ACTIVE TRADERS Active Trader Program6(All Registered, Non-Registered & Business Accounts) |
|
|---|---|---|---|
| Exchange Traded Funds (ETFs) | |||
|
All Accounts: Unlimited $0 commission trades on a selection of over 50 ETFslegal disclaimer 2 |
|||
| 50 commission-free stock & ETF trades per year across all GoSmart Accountslegal disclaimer 1 | Less than 150 Trades per quarter: $9.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 | 150 trades or more per quarter: $6.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 | |
| Stocks | |||
| 50 commission-free stock & ETF trades per year across all GoSmart Accountslegal disclaimer 1 | Less than 150 Trades per quarter: $9.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 | 150 trades or more per quarter: $6.95 per online/mobile tradelegal disclaimer 4,legal disclaimer 5 | |
| Mutual Funds | |||
| Not Available | $0 per tradelegal disclaimer 3 | $0 per tradelegal disclaimer 3 | |
| Options | |||
| Not Available | Less than 150 trades per quarter: $9.95legal disclaimer 4 + $1.25 per contract per online/mobile trade | 150 trades or more per quarter: $6.95legal disclaimer 4 + $1.25 per contract per online/mobile trade | |
| Guaranteed Investment Certificate (GICs) | |||
| Not Available | Commission is included in the quoted pricelegal disclaimer 7 | Commission is included in the quoted pricelegal disclaimer 7 | |
| Bonds and Other Fixed Income | |||
| Not Available |
Online or mobile trade:
$25 per transaction (min.) $250 per transaction (max.)
With an Investment Services Rep:
$25 per transaction (min.) $250 per transaction (max.) |
Online or mobile trade:
$25 per transaction (min.) $250 per transaction (max.)
With an Investment Services Rep:
$25 per transaction (min.) $250 per transaction (max.) |
|
| Commission is included in the quoted pricelegal disclaimer 7 for bonds, treasury bills, debentures and other money market instruments. | |||
| Gold and Silver Certificates | |||
| Not Available |
Gold:
$28.95 + $1 per oz. Minimum 5 oz. per trade
Silver:
$28.95 + $0.10 per oz. Minimum 100 oz. 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 |
|
| $43 minimum commission per trade. Note: $0 safe-keeping charges for RBC gold and silver certificates. | |||
ETFs, Stocks, Rights and Warrants
$43 minimum commission (transaction with a principal dollar value of $2,000 or less)
| $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 |
Options
| Principal dollar value of $2,000 or less | $43 (minimum commission) |
|---|---|
| All other transactions | $35 + $1.75 per contact |
Fees
Download the latest Commissions & Fees Schedule (opens pdf in a new window) effective August 1, 2025.*
(*Requires Adobe Acrobat. Get Acrobat.)
Account Maintenance Fee: $0
Other Fees:
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 unlocking LIRA)
$50
Wire transfer of funds to another financial institution within Canada and the U.S.
$45
Cheque requests8
$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 8,Legal Disclaimer footnote 9
$250 setup + $200 annual fee
Restricted sharesLegal Disclaimer footnote 8,Legal Disclaimer footnote 9
(holding securities subject to legal restriction on distribution and sale)
$200 per security
Legal security transferLegal Disclaimer footnote 10
$100
Collateral pledge accounts
$0 setup / $0 annual
Employee stock option planLegal Disclaimer footnote 11
$50
Estate account processing - assets transferred within RBCLegal Disclaimer footnote 12
$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 13
$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.
Passed through to ADR holders
Class Action Program
(Third-party service provider administrative fee)
10% of settlement proceeds
SEC regulatory transaction fee
You will be charged a fee for certain transactions to reimburse RBC Direct Investing for U.S. Securities and Exchange Commission (SEC) assessments charged to RBC Direct Investing pursuant to Section 31 of the Securities Exchange Act of 1934. The fee is charged on certain sale transactions on U.S. exchanges, including the sale of a stock, call or put option, the exercise of a call or put option or the assignment of a short call or short put option. The fee charged to you is based on the rate set by the SEC, rounded up to the next whole penny. The amount collected may exceed the amount assessed by the SEC, and RBC Direct Investing retains the difference up to the next whole penny. This fee is subject to change. The current rate can be found on the SEC website at sec.gov.
Note: GST, HST and provincial taxes are charged where applicable.
Other Ways to Save
Easy ways to keep more of your dollars invested.
Use Avion Points to Pay Trade Commissions
If you’re an Avion RewardsLegal Disclaimer footnote 14 member, you can use your Avion points to pay for online and mobile trade commissions—or make cash contributions to your account! (Eligible accounts only.)
Explore Trade with PointsGet Back Your Transfer Fees
Making the switch? Move $15,000 or more and we'll reimburse you up to $200 for transfer fees charged by your other brokerage.Legal Disclaimer footnote 17 (Up to $500 in transfer fees reimbursed for Royal Circle and Royal Distinction members.Legal Disclaimer footnote 18 )
Plus, there’s never a charge to transfer into your account.
Save on Banking Fees.
Earn More Avion® points.
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 15 with your bank account and save on monthly banking feesLegal Disclaimer footnote 16.
Rates
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:
- Interest rates are subject to change without notice at any time.
- Rates shown are calculated on a per annum basis.
- Interest rates are paid on the cash portion of Investment and Registered accounts.
- Both cash and securities can be held in the same account.
- Investment accounts can contain Canadian and U.S. dollar balances in the same account.
- Deposit interest is paid on the first business day after the 21st of each month.
- Deposit interest is calculated on the average daily balances in the account for the month.
- No interest is paid on accounts when the monthly interest amount is less than $5 per month.
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:
- Interest rates are subject to change without notice at any time.
- Rates shown are calculated on a per annum basis.
- Debit interest is charged on the first business day after the 21st of each month.
- Debit interest is calculated on the average daily balances in the account for the month.
- No debit interest is charged on accounts when the monthly interest amount is less than $5 per month.
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 (0.4%). 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 $100,000.01 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)Legal Disclaimer footnote 19 | Spread (bps) | Spread (%)Legal Disclaimer footnote 20 |
|---|---|---|
| $0 to $24,999 | 230 | 1.6% |
| $25,000 to $99,999 | 145 | 1.0% |
| $100,000 to $499,999 | 85 | 0.6% |
| $500,000 to $999,999 | 50 | 0.4% |
| $1,000,000 to $1,999,999 | 25 | 0.2% |
| $2,000,000.01 plus | No more than 10 bps | 0.1% |
Open an account in minutes
Sign In To RBC Mobile App
You're Protected. Get 100% reimbursement for any unauthorized transactions conducted through the Online Investing platform or the RBC Mobile app.
See the GuaranteeTransfer $15,000 or more and we'll cover up to $200 in fees charged by your other brokerage.legal disclaimer 22 (Up to $500 in fees reimbursed for Royal Circle and Royal Distinction members.legal disclaimer 23)
There may be commissions, trailing commissions, investment fund management fees and expenses associated with investment fund and exchange-traded fund (ETF) investments. RBC Direct Investing Inc. does not offer mutual funds that pay trailing commissions in accordance with rule changes banning such payments to order execution only dealers effective June 1, 2022. To the extent that mutual funds paying trailing commissions are transferred into RBC Direct Investing Inc. or were held at RBC Direct Investing Inc. prior to June 1, 2022, and cannot be switched into an equivalent non-trailer paying fund, any trailing commissions paid to RBC Direct Investing Inc. will be rebated to clients. Before investing, please review the applicable fees, expenses and charges relating to the fund as disclosed in the prospectus, fund facts or ETF facts for the fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
GoSmart is a service offered by RBC Direct Investing Inc. RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. ®/™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2026.
All the Ways to Waive the Maintenance Fee
The $25 quarterly maintenance fee is waived if you meet any one of the following criteria:
- You’ve been a client for less than six months (to give you time to transfer assets to RBC Direct Investing)
- You have combined assets of $15,000 or more across all of your RBC Direct Investing accounts
- You hold only a First Home Savings Account (FHSA) at RBC Direct Investing
- You have pre-authorized contribution(s)Legal Disclaimer footnote 18 of $100+/month or $300+/quarter going into your RBC Direct Investing account(s)
- You make a combined total of three or more commission-paid tradesLegal Disclaimer footnote 19 during the quarter across all your RBC Direct Investing accounts
- You have a group RRSP account with RBC Direct Investing
- You qualify for the RBC Direct Investing Royal Circle® programLegal Disclaimer footnote 20
- You have a specified RBC banking package for studentsLegal Disclaimer footnote 21
- You have an RBC VIP Banking® package