94

100

78

92

86

94

79

89

Canadian residents · Existing RBC banking clients · Long-term investors using registered accounts

Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

Member of the Canadian Investment Regulatory Organization (CIRO).

SEC; FINRA; SIPC; CFTC; NFA; FDIC

Specific registration or license numbers were not disclosed on the reviewed official pages.

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

RBC Direct Investing Inc. is the Canadian regulated entity and CIPF member.

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

No negative balance protection disclosed; margin borrower remains responsible to repay the loan and interest even if securities decline.

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

Member of the Canadian Investor Protection Fund (CIPF).

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

No minimum to open; GoSmart page states no minimum investment and comparison page states opening an account is free.

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

Not applicable: RBC Direct Investing is not a CFD/forex spread broker; equity/fixed-income pricing is commission/quote based.

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

Commission schedule varies by asset and account type; key online/mobile stock/ETF commission is $9.95 standard.

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

RBC states it does not charge a fee to transfer in an account; other institutions may charge.

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

Registered and transfer fees vary: TFSA/FHSA $0, HBP/LLP $25, RSP $50, wire $45, cheque $10, transfer out $150.

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

No inactivity fee found on reviewed official pricing and FAQ pages; RBC discloses $0 account maintenance fee but not a separate inactivity fee.

$0 annual maintenance/inactivity fee for standard brokerage accounts

Stocks, ETFs, mutual funds, options, GICs, bonds and other fixed income, IPOs, gold and silver certificates.

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

Online Investing platform, RBC Mobile app and Trading Dashboard.

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

GoSmart supports TFSA/FHSA/RRSP; full-suite supports registered, non-registered, business and more account types.

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

RBC transfers, bill pay from other financial institutions, in-kind transfers, PAC, Avion points and mobile app funding.

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

Transfers to RBC bank accounts, automatic funds transfer to Canadian financial institutions, wires, cheques and registered plan withdrawals.

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

RBC transfers out are real-time during business hours, otherwise next business day; locked-in/RRIF/RESP excluded from that statement.

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.