RBC Direct Investing will offer its lower flat commission pricing to even more clients as of December 22, the online brokerage said Wednesday.

Clients who hold between $50,000 and $100,000 in household assets invested through RBC Direct Investing, will pay a flat commission rate of $9.95 per Canadian or U.S. equity trade when placing orders through its online investing site or automated telephone service. Canadian and U.S. option commissions have also been lowered to $9.95, plus $1.25 per contract.

The new pricing scheme is similar to those announced recently by other Canadian online brokerages.

This pricing update is the latest in a series of enhancements made by RBC Direct Investing. They include the recent addition of new portfolio management tools as well as being the only Canadian bank-owned online brokerage to offer Dual Currency in Registered Accounts — providing clients with the option to hold U.S. dollars and to settle trades in U.S. dollars in most registered accounts, including Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSPs).

All other RBC Direct Investing rates remain unchanged.

IE