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ONLINE BROKERAGE REVIEW

BMO InvestorLine Review 2022

Updated March 15, 2022

Quick Info

  • Standard Equity Commission
    $9.95
  • Best Commission Price
    $9.95
  • Minimum to Open Account
    Not Required
  • Maintenance/Inactivity Fees
    $25/Quarter
  • Commission-free ETF Trading
    Yes (80+ BMO, iShares and Vanguard ETFs)
  • Young Investor Offer
    No
  • Compare to Another Brokerage

HIGHLIGHTS

3.3/5 (3)

BMO InvestorLine is the discount brokerage arm of Bank of Montreal (BMO) Financial Group. Like other bank-owned online brokerages, BMO InvestorLine is able to offer the convenience of integration with other BMO online services as well as in-branch accessibility with representatives.

In a recent change to their pricing structure, BMO InvestorLine launched commission-free ETF trading for a list of more than 80 ETFs.

Typically, BMO InvestorLine is the most active amongst bank-owned brokerages in offering promotions.

BMO InvestorLine consistently ranks well across reviews, although not necessarily earning top spot in some of the major reviews.

BMO InvestorLine Full Review

What Account Types does BMO InvestorLine offer?

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    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for BMO InvestorLine

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    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by BMO InvestorLine

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BMO InvestorLine Rankings & Reviews for 2022

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  • Sorry, no data is available.

How can I contact BMO InvestorLine customer support?

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BMO InvestorLine Downtime Report

BMO InvestorLine down? Submit an incident report using our exclusive online brokerage outage tracker and view reported incidents from other users.

Click here to view current BMO InvestorLine Downtime Report

What do people think of BMO InvestorLine?

bluenose777
PersonalFinanceCanada
12/5/2022
<Both of my BMO investments are down around 12% so I don’t want to sell everything in order to switch. Assuming the mutual fund is invested in similar markets it doesn't matter when you make the switch. If you sell when the markets are down you could buy when the markets are down. If you sell when the markets are up you could buy when the markets are up. If you switch to BMO Investorline you could transfer the mutual fund units "in kind" to the new account, sell the mutual funds and then after the trade settles, use the proceeds to buy the ETF. If you use another brokerage you will probably have to transfer "in cash" and the money will be out of the markets longer. Changes in market could work for you or against you. (But if you are investing for decades it will be insignificant.)
Darkhoof
Superstonk
12/4/2022
It's a meme about what's the purpose of the broker BMO Investorline. Their purpose is solely to DRS GME... :)
CeasarChimpanzee
Superstonk
12/3/2022
Just contact BMO Investorline (1-888-776-6886) to open an account. Once your account is opened, you work with the rep at BMO and they will help you fill out the form to transfer your account. Feel free to DM me if you have more questions.
CocoCrisp86
Superstonk
12/3/2022
Do you know how to get my shares from wealthsimple to bmo investorline
CeasarChimpanzee
Superstonk
12/3/2022
Canadian Ape here. The easiest way to DRS is at BMO Investorline. It's free to DRS. To comment about u/Internep's comment about naked call options. I don't think any broker will allow that. Most broker requires 100% margin when you go long and at least 300% if you go short (some don't even allow you to short or cash secure put). I have a BMO Investorline just to DRS. When I have extra money I just DRS as it's free. Every share counts. No pressure if you don't have any extra. You can always DM me if you have any questions.