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BMO InvestorLine is a secure, bank-backed self-directed brokerage platform from the Bank of Montreal, offering a straightforward flat commission model, full access to Canadian-registered accounts, and robust trading tools—ideal for Canadians valuing reliability over ultra-low-cost trading.
Our Rating
2.9/5
Institution
BMO
Welcome Offer
Help your investing goals take flight. Win* up to 1,000,000 in AIR MILES® Reward Miles™ when you fund a BMO InvestorLine account.
Promo Code: AMA2025
Full offer details can be viewed here: https://go.bmo.com/AirMilesFundtoFly
*No purchase necessary. Employees (and those with whom such employees are domiciled) of the Contest Sponsor (BMO), AIR MILES Loyalty Inc., their affiliated companies or agents, advertising and promotion agencies, and the Contest judges are not eligible to enter the contest. For complete contest details, refer to the full Terms and Conditions.
†Standard daily Cash Miles usage limits and terms and conditions apply. See airmiles.ca/cash for full details.
Rates and Fees
- No minimum deposit required to open an accoun
- $9.95 flat commission per online trade for stocks and ETFs
- Quarterly account fee: $25 if non-registered account balance < $15,000 or registered accounts < $25,000
- RESP accounts under $25,000 attract a $50 annual admin fee
- Phone order minimum charge: CA$43
- Options trading: starting at $35 plus per-contract fee depending on strike price bracket
- Currency conversion fee: ~1.5% above spot rate
- Investor protection via CIPF up to CA$1 million, plus two-step authentication and reimbursements for unauthorized trades
Eligibility
- Open to all Canadians—no deposit threshold required
- Quarterly admin fee waived if account balance or trading activity meets thresholds
- Welcome bonuses vary by promotion—most require new or existing accounts meeting specific funding and holding periods
Features & Description
- Fully IIROC-regulated and backed by the Bank of Montreal; assets are CIPF-protected
- Assets supported: Canadian/U.S. stocks, ETFs, mutual funds, bonds, GICs, options, and select precious metal products
- Wide account selection: TFSA, RRSP, RESP, RRIF, LIRA, LIF, FHSA, non-registered cash/margin, corporate, trust, etc.
- Platforms: intuitive web and mobile interface; includes research tools, watchlists, real-time quotes, alerts, and portfolio analysis
- Funding: easy transfers via EFT; wire transfers incur a fee (around $10)
- Security: two-factor login, trading password, and protections on unauthorized trades
- Not supported: forex, CFDs, direct crypto trading, algorithmic or demo accounts
Legal
Refer to BMO's site for latest details.