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The Perks of Being an Active Trader
Written by The Content Team | Published on April 24, 2020
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All RBC Direct Investing clients have access to a wide range of tools, resources and market data to support their investment decisions. But if you trade 30 times or more over a three-month period, clients automatically qualify for the exclusive Active Trader1 program. What does that mean? In a word, perks!
Here are three privileges for active traders to keep in mind:
1) U.S. Level 2 Quotes: In addition to level 22 quotes for all Canadian exchange-listed stocks and ETFs, active traders also get access to level 2 quotes for U.S. securities (Nasdaq only). Signed exchange agreements are required.
Read: Making the Most of Level 2 Quotes
2) More Real-Time Streaming Quotes: In addition to real-time streaming3 for U.S. and Canadian stocks and ETFs on your Trading Dashboard, active traders also get real-time streaming quotes for options and over-the-counter-securities. That means you can see all your exchange-listed investments stream in one place. Signed exchange agreements are required.
Check out: Making The Most Of Your Trading Dashboard
3) Exclusive Research from RBC Capital Markets and Morningstar‡: Active traders get access to comprehensive equity and economic research reports through the Research tab on a Detailed Quote page.
Explore: Extra, Extra: Market News is at Your Fingertips
Did You Know?
If you trade 150 times or more in a three-month period, you qualify to pay a lower commission of $6.95 flat per stock4 or ETF trade.
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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 Investment Industry Regulatory Organization of Canada 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 2020. All rights reserved.
1Clients who make 30 or more equity/options trades per quarter qualify for our Active Trader program. Quarterly trading activity of clients will be reviewed on a monthly basis on the 22nd of every month. Clients must re-qualify on a monthly basis for Active Trader status to stay in effect. Clients will qualify based on the eligible trading activity from the previous three calendar months (e.g. total trades count from September 1 to November 30, with Active Trader status going into effect on December 22). A trade is defined as a stock, exchange-traded fund (ETF) or option order for which a commission has been charged.
2Level 2 quotes are available on stocks and ETFs that trade on the TSX and TSX-Venture exchanges for all clients. Level 2 quotes are also available on stocks and ETFs that trade on the Canadian Securities Exchange and Nasdaq for Active Trader clients upon accepting the terms and conditions of all exchange agreements on the RBC Direct Investing online investing site.
3Real-time streaming quotes are available on stocks and ETFs for all clients. Real-time streaming quotes are also available on options and over-the-counter (OTC) securities for Royal Circle and Active Traders clients upon accepting the terms and conditions of all exchange agreements on the RBC Direct Investing online investing site.
‡All other trademarks are the property of their respective owner(s).
4All RBC Direct Investing clients pay $9.95 flat CDN or U.S. per equity trade with no minimum account balance or trading activity required. $6.95 flat CDN or U.S. per equity trade when you trade 150 times or more per quarter. This pricing only applies to trades placed through an available Automated Service (as such term is defined in RBC Direct Investing’s Operation of Account Agreement), including the online investing site and mobile application. Additional terms and conditions apply. Visit Pricing or call 1-800-769-2560 for complete details.
The views and opinions expressed in this publication are for your general interest and do not necessarily reflect the views and opinions of RBC Direct Investing. Furthermore, the products, services and securities referred to in this publication are only available in Canada and other jurisdictions where they may be legally offered for sale. If you are not currently resident of Canada, you should not access the information available on the RBC Direct Investing website.
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