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Practice Accounts, free to open and use for all RBC Direct Investing and RBC Online Banking clients, are a zero-risk way to test out some investment strategies and learn how to place buy and sell orders in the online investing site.
Think of a Practice Account as your online investing test drive. Each Practice Account comes with $100,000 in practice money and gives you access to many of the online tools you'd use to find and manage your real investments. That means you can experience investing using the same order entry screens you would use for actual trades, except there's no risk and you can start over any time you like.
What Can You Do With Your Practice Accounts?
- Open multiple types of accounts, including cash, margin and RRSP
- Sharpen skills like placing buy or sell orders for stocks, ETFs or mutual funds
- Explore more advanced strategies like options trading
- Create and analyze a practice portfolio and track its performance over time
Transactions and Limitations
In a Practice Account, you can perform almost all of the same transactions that you can do in a real account. However, there are a few limitations.
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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 2021.
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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