RBC Launches Newly Enhanced RBC Mobile App – Investing Services Included!

The time a lot of RBC Direct Investing clients have been waiting for has finally come. RBC Direct Investing is now offering investors the convenience of trading through the newly enhanced RBC Mobile App!

The new functionality of RBC’s mobile app will offer RBC Direct Investing Clients to have access to a full range of investing services for the iPhone and iPod touch devices.

What will I be able to do on the newly enhanced RBC Mobile App?

One thing we have to keep in mind is that these enhancements are only for the iPhone and iPod touch devices; they will be the only platforms that will be offering RBC Direct Investing clients the ability to:

• Place trades on stocks, ETFs, mutual funds and options
• Access portfolio information to view
• Account balances
• Account holdings
• Account activity
• Buying power in real-time
• Transfer funds in real-time between RBC Royal Bank and RBC Direct Investing accounts
• Check the status of orders
• View up-to-date market information and news
• Access real-time equity, option quotes and option chains
• Access real-time Level 2 equity quotes (This feature is only available to Active Trader clients)
• Manage e-mail address settings and vacation modes for established Alerts
• Establish preferences (this includes managing currency settings)

Now that was quite a mouthful of information; needless to say the RBC Mobile App now gives a comprehensive investing portion to their mobile app. As you can see,you can do quite a lot with the new RBC Mobile app. The investing capabilities are quite amazing on paper. Now I have yet to actually test out the app myself, but if there is anyone who has, feel free to share your personal review below.

What makes this mobile app so convenient is the fact that you can access your RBC Direct Investing and RBC Dominion Securities accounts using your single RBC Online banking login and password. This erases the need to memorize multiple passwords for your mobile banking.

What could RBC have done to improve these new features?

I am not an RBC Direct Investing client, in fact I do not invest at all, as much as I want to, but the point I plan on making in this section is strictly on a platform level.

It is great to see RBC launch this feature on the iPhone and iPod touch platform, however the fact is the Blackberry and Android platforms should not go without this feature for long. I am hoping that RBC will launch an update for those apps soon, but we all know how these things can take some time.

What do you think of the newly enhances RBC Mobile App?