The move shows that competitive pressures for low-income and no-fee transactions continue at all points in the digital brokerage spectrum. In February, Questrade adopted zero commissions on all stocks and ETFs, joining Fortune Trade, National Bank Direct Brokerage and Desjardins Online Brokerage in a commission-free club. Meanwhile, globally, such as Webull, Interactive Brokers and Moomoo, moved to the Canadian market at low prices on mobile trading platforms, with low commission prices.
Brokerage firms owned by rival banks such as BMO Investorline and Scotia Itrade, as well as some independent trading platforms, have been opting for 0% commission ETFs for years. TD Direct Investing uses its Easy Strade Phone app to offer 50 free trades to all stocks and ETFs each year.
RBC Direct Investment clients can now purchase and sell popular iShares funds for free, including ISHARES S&P/TSX 60 INDEX ETF (XIU), ISHARES CORE CANADIAN UNIVERE BODD INDEX ETF (XBB), and ISHARES CORE CORE ERECITY ETFITY ETF ETF POTTFOLIO (XEQT). You can find a complete list of zero-delegated ETFs in RBC Direct Investing. All of this comes from global asset manager BlackRock, Inc. ETF Giant Ishares, RBC has established a distribution partnership with the company since 2019.
Typically, RBC’s stock and ETF trading charges $9.95, which is the head of Canada’s self-guided brokerage committee, or clients who trade 150 or more quarterly, or $6.95. It allows customers to pay for stocks with Avion Rewards points and unqualified ETF transactions.
As of August 1, RBC also canceled its quarterly account maintenance fees, regardless of account size. Like other brokerage firms, it promises to offset up to $200 in third-party fees when you transfer an account from another brokerage firm.
If you are considering converting from your current brokerage or opening a stock trading account for the first time, check out Moneysense’s review of the best online brokers in Canada in 2025.
The best online brokers, rankings and comparisons
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