Q:

How do you use Action Direct from RBC Royal Bank?

A:

Quick Answer

To begin using Direct Investing from Royal Bank of Canada, open a direct investment account online, find investments through the online tools provided, and invest money. Learn how to use the online investing site to buy and sell stocks by using the RBC practice account option available to users. The practice account is not a demo; it provides access to the actual site and the experience of placing trades without investing actual capital.

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Full Answer

In addition to using a practice account, attend a free investment seminar to learn the best strategies for a Direct Investing account. Available in select cities, these seminars teach attendees how to earn more with do-it-yourself investing. For specific questions, contact an investment services representative by phone. Investors also have access to an online community where fellow Direct Investing participants share ideas and engage in discussion.

RBC Direct Investing charges a flat rate per equity trade, which decreases when you meet a certain number of trades. There is no minimum balance requirement or trading activity requirement. A feature of Direct Investing is the lifestyle stock screener tool, which finds stocks that match the personal interests of each investor.

RBC is among Canada’s largest banks and provides services such as personal banking, commercial banking, insurance, investor services and wealth management.

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