How would you invest $100,000? RBC Direct Investing gives
Canadians the chance to find out
RBC Direct Investing Practice Accounts can help clients
hone their investing skills
TORONTO, July 29, 2009 — RBC Direct Investing
today announced the launch of Practice Accounts, the first
integrated offering of its kind by a Canadian self-directed
brokerage. Available to RBC Online Banking and RBC Direct
Investing clients, Practice Accounts will allow Canadians
to buy and sell a wide range of investments with $100,000
of no-risk "practice money." The quick and easy
activation of a Practice Account provides an opportunity to
test-drive RBC Direct Investing's online site and experience
real investing without using real money.
"Practice Accounts are a powerful new feature that provides
online investors with the opportunity to hone their investing
skills so they can make informed and confident decisions,"
said Jason Storsley, president and CEO, RBC Direct Investing.
"Whether you are an experienced investor or just getting
started, you can use Practice Accounts to experiment with
investing strategies without risking your money."
RBC Online Banking or RBC Direct Investing clients can easily
activate a Practice Account in a matter of minutes by following
a few quick and easy steps online. The accounts are integrated
into the RBC Direct Investing online site, with convenient
access to tools and learning resources. With $100,000 in no-risk
"practice money", investors will learn how to enter
orders, create and track a mock portfolio online and explore
investing strategies before putting real money on the line.
Investors can choose from a variety of Practice Accounts including
RSP, margin and investment cash.
"Self-directed investing doesn't mean you have to do
it all on your own," said Storsley. "We want to
assist our clients in building investment knowledge to help
them achieve their short and long-term goals. That's why we've
introduced a Guidance and Planning section which is
an ideal place for clients to learn everything from how to
achieve specific goals to advanced investing strategies and
For more information about Practice Accounts visit www.rbcdirectinvesting.com/practice.
About RBC Direct Investing
RBC Direct Investing, one of Canada's leading discount brokers,
is a wholly owned subsidiary of Royal Bank of Canada. RBC
Direct Investing provides leading-edge tools and resources
for investors who prefer to manage all or a portion of their
investment portfolio. Clients have access to their investments
24/7 online or by phone and can choose from a broad range
of investment products including stocks, bonds, GICs, T-bills
and over 2,500 mutual funds. Visit our website at www.rbcdirectinvesting.com.
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Suzanne Willers, RBC, (416) 974-2727
Matt Gierasimczuk, RBC Media Relations, (416) 974-2124