Unless you meet certain conditions (like having $15,000 in your account) , you get charged a quarterly account maintenance fee of $25 on your RBC direct investing account. If you start investing with $500 for example, this could eat into your investment funds quickly.
My question for those who have RBC Direct Investing account: when does this fee apply? If I only open an account and make no trades for 3 months, will it still apply regardless?
-Second question: what if I open an account just to buy a certain stock and sell it before the 3 months is over, will I still be charged the maintenance fee? I know it doesn't make sense to open an account just to buy/sell one stock and close it to avoid paying this fee, but I am just asking as an example.
Jan 15th, 2015 11:08 AM #1
- Join Date
- Sep 6th, 2010
RBC Direct Investing account: When do does the Quarterly fee applies?_______________
My Signature is empty. My signature space is not for sale. You may not contact me to advertise your RFD-related activities here. I repeat, this signature-space is not for sale, unless it is a ......day
Sponsored Links - Join the RedFlagDeals.com community and remove this ad.
Jan 15th, 2015 11:37 AM #2
- Join Date
- Feb 3rd, 2011
This webpage and discussion forum is provided for discussion purposes only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. We do not guarantee the accuracy of any statements or information. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.