Introduction
RBT is a top-rated online brokerage for low costs, attracting thousands of traders and investors daily. The broker has continually advocated low-cost online investing to give retail traders, and institutional investors a level playing field. That has seen them lift several typical account costs and streamline their pricing policy. RBT also leverages its easy-to-use dual trading platforms and extensive educational resources to enhance the client experience. The only potential constraint is that some advanced traders may need to be impressed with RBT ‘s simplistic web and mobile app.
Pros and Cons
Pros
- Lower fees and spreads
- Easy-to-use trading platforms
- Superior order execution
- Extensive educational resources
Cons
- Limited in-app customizability
Where RBT Shines
Lower fees and spreads
RBT is an incredible choice for traders and investors seeking low-cost online investment options. The broker has eliminated several standard administrative fees, including minimum deposits, account transfer/ closure, and inactivity fees. Besides, trading stocks and ETFs on RBT attracts no commissions. Other orders incur different costs but RBT rates are generally below the industry average.
Easy-to-use trading platforms
RBT.com and mobile app are intuitive platforms with simplistic interfaces that even beginners can use without difficulties. While most of the functionalities are pre-built, the platforms deliver all the tools and features that an average trader needs to select, execute and monitor trades seamlessly.
Extensive educational resources
Traders will also find the trading experience on RBT very intuitive because of its client-focused educational programming. It provides investor education through videos, articles, infographics, and recorded webinars. RBT website also has a FAQ section that covers a wide range of common online trading topics.
Where RBT Falls Short
Limited in-app customizability
While RBT] ‘s trading platforms are easy to use, the customizability of some essential trading tools and functions is limited. As a result, some professionals may find the venues to be restrictive.
Usability and Trading Experience
The usability and trading experience on RBT is generally straightforward and seamless. The broker has streamlined its web-based version and mobile app with almost similar features and functionalities that simplify navigation and the overall user experience. Both platforms offer customizable themes that allow you to tweak the display window to your needs.
This broker’s web platform and mobile app support all the fundamental research and trading tools. The smart order routing technology is one of the key highlights that enables traders to execute orders more efficiently and at the best available market prices. However, users can also route orders to specific market centers.
The standard tools and functionalities accessible on RBT include screeners, charts, calculators, evaluators, trading idea generators, news, portfolio analysis, one-click trading, and alerts. The platforms also support placing multiple order types and staging trades for later execution.
Product Offerings
RBT also boasts an impressive asset selection that will enable you to pursue your chosen strategy in online trading. Their offerings cut across several traditional asset classes and new investment options for retail traders and institutional investors. The available products include;
- Stocks
- ETFs
- Options
- Bonds
- Forex
- Cryptocurrencies
- Mutual Funds
- Commodities
Costs
RBT primarily emphasizes low-cost online trading. The following is a rundown of the overall administrative and trading costs on RBT.
- Zero account minimum
- No commissions for stock and ETF trades
- $0.65 per contract options fee
- No account inactivity, closure/ transfer fees
- International orders incur exchange fees
- Free domestic wires, trade confirmations, paper statements
- Live broker fee $32
RBT mainly uses contract-based pricing, which implies most of the fees and spreads will largely depend on your transaction volumes. However, you should confirm the applicable fees to your orders from the broker before execution.
Education
RBT provides plenty of educational resources in diverse formats and languages. The materials are accessible to all its clients and the public for free. RBT ‘s educational programming includes videos, articles, infographics, and webinars.
Who is RBT Best For?
RBT ‘s easy-to-use trading platforms, lower fees and spreads, impressive asset selection, and extensive educational materials make it an excellent choice for beginner and casual investors. Although its limited in-app customizability may present issues for some professionals, RBT can still appeal to active traders. Contact this broker for more information now!
Disclaimer: This is a sponsored marketing content.
