RBC Direct Investing is introducing lower, simplified commission rates for self-directed investors.

The online brokerage says the new preferred pricing will be available to clients who qualify on the basis of either trade volume or assets and will allow even more clients to take advantage of reduced rates.

Under the new fee structure, clients with assets of $100,000 or more with RBC Direct Investing, or clients who trade between 30 and 149 times per quarter, will pay a flat rate of $9.95 per Canadian or U.S. equity trade. Options trades for these clients will be $9.95 plus $1.25 per contract. Additionally, clients who make 150 or more trades per quarter will pay a flat rate of $6.95 per Canadian or U.S. equity trade; option trades will be $6.95 plus $1.25 per contract. These new commissions come into effect on December 22, for trades conducted through RBC Direct Investing’s online investing site or through its automated telephone service.

“If there ever was a time to be a self-directed investor, it’s now,” says Doug Coulter, president and CEO, RBC Direct Investing. “This latest move continues our aggressive strategy to provide investors with greater value and rewards for their business. We’re committed to delivering ongoing enhancements and exceptional value for investors who choose to manage their own portfolios.”

BMO Investorline has introduced similar pricing, which takes effect November 1.