

4/5
Our Rating
Platform: BMO
BMO InvestorLine
BMO InvestorLine offers unlimited $0 commission trading on stocks and ETFs, backed by the security and reliability of one of Canada's largest banks, plus full access to Canadian-registered accounts and robust trading tools.
Win up to $100,000 when you open a new BMO InvestorLine account (1)

BMO InvestorLine
4/5
Our Rating
BMO InvestorLine offers unlimited $0 commission trading on stocks and ETFs, backed by the security and reliability of one of Canada's largest banks, plus full access to Canadian-registered accounts and robust trading tools.
Win up to $100,000 when you open a new BMO InvestorLine account (1)
Welcome Offer
Open a new BMO InvestorLine account and you’ll be automatically entered for a chance to win $100,000, or one of 10 secondary prizes of $10,000. No purchase necessary.1
How to Enter:
Open a new BMO InvestorLine account by October 31, 2026:
- Use Promo Code: BMOF26WIN
- Earn up to 5,000 contest entries by depositing $1,000 or more of Net New Assets (“NNA”) by November 30, 2026
- Earn an additional 100 contest entries by setting up a Pre-Authorized Contribution into one or more Qualifying Accounts during the Contest Period
How to Earn Contest Entries:
The bigger the investment, more more entries earned.
NNA Deposited | Contest Entries |
|---|---|
$1,000 - $4,999.99 | 100 |
$5,000 - $49,999.99 | 200 |
$50,000 - $99,999.99 | 350 |
$100,000 - $249,999.99 | 450 |
$250,000 - $499,999.99 | 700 |
$500,000 - $749,999.99 | 2,500 |
$750,000+ | 5,000 |
Rates & Fees
Self-Directed Rates and Fees
Trade stocks and ETFs commission-free, with no trade minimums and no expiry date. Options contract fees have also decreased, and all brokerage account administration fees have been eliminated.*
Investment Type | Commission |
|---|---|
Stocks | $0 |
ETFs | $0 |
Options | $0.90 per contract |
*Additional fees, account fees, or other charges may still apply depending on the transaction, account, or service.
Currency & FX:
Transaction size (USD) | Revenue earned (bps) | Revenue (%)2 |
|---|---|---|
Less than $25,000 | 220 | 1.6% |
$25,000 to $74,999.99 | 130 | 0.9% |
$75,000 to $99,999.99 | 105 | 0.8% |
$100,000 to $249,999.99 | 75 | 0.5% |
$250,000 and above | No more than 55 | No more than 0.4% |
Note: Conversion rates will vary and are subject to change.
Eligibility
- Open to all Canadians—no deposit threshold required
- Welcome bonuses vary by promotion—most require new or existing accounts meeting specific funding and holding periods
Highlights
Advance Trader Tools and Active Trader Platform within Self-Directed platform
Elevate your online trading experience with rich research, advanced tools and a fully customizable active trading platform. Gain access to equities, fixed income, options and other securities, detailed analytics, as well as advanced options tools that will help ensure your trading strategy remains a step ahead.
Exclusive tools and platform access for 5 Star clients, reached when you invest over $250k or make 15 or more online trades per quarter.
- Customize your trading environment with BMO Active Trader, BMO's most powerful platform yet.
- Advanced tools and capabilities like multi-leg options, screeners, strategy builders with real time margin trade evaluations, and position type view.
- Free access to educational resources to level-up your options and active trading knowledge.
Tools and Capabilities
- Advanced Technical Charts
- Market Heatmaps
- Streamlined Watchlists & Portfolios
- Multi-Leg Options
- Options Screener
- Strategy Builder
- Trading on Margin
- Displayed Buying Power
BMO Active Trader is a powerful trading platform that allows you to execute your trading strategies with ease and precision from any web browser.
- Use real time streaming quotes, advanced technical charts and market insights
- Fully customizable workspace to quickly trade North American equities, ETFs, and options
- Real-time streaming Level 1 and Level 2‡ market data for the major North American exchanges
- Real-time streaming options chains, Greeks and strategies
- Real-time streaming of time & sales data, showing individual trades as they occur, including price, volume, and time of execution
Identify market trends by the minute. Easily identify and follow stocks moving the markets and leverage technical indicators to trade with precision.
- Market movers reveal which equities are moving the Canadian and US markets
- Advanced charting offers a technical analysis experience with over 100 pre-built indicators and 30+ drawing tools
Options Trading Trade options with ease to maximize your potential investment returns.
- Multi-leg options trading with integrated options chains, Greeks, and analysis tools allow you to execute complex strategies with precision and confidence.
- Options screeners and strategy builders make it easy to explore and create options strategies that match your goals.
- Expert-led educational webinars and tutorial videos to enhance your knowledge and skills for more informed decision-making.
- Position type view lets you see all your option pairings.
Margin Trading Maximize your buying power and obtain additional funds by borrowing against the value of your investments.
- BMO InvestorLine provides accurate margin calculations (displayed buying power) which update every five minutes, factoring in price movements, intraday filled orders and loan conditions.
- Trades are evaluated based on real-time buying power calculations, reducing the risk of margin calls.
- Full transparency into how your buying power is calculated, including margin rates and loan conditions.
- A seamlessly integrated view of position pairings (on the holdings screen), such as covered calls and spreads to easily monitor and manage complex option strategies.
adviceDirect
An investing platform that combines online investing with personalized advice and support. Start investing today with a minimum balance of $10,000.
Tools and Capabilities
- Online investment advice, portfolio analysis, and personalized recommendations with the support of a team of dedicated adviceDirect advisors
- Stock, ETF, Fixed Income and Mutual Fund trades with no additional trading commissions or excess trade charges**
- 24/7 portfolio monitoring and alerts
- Personalized buy and sell recommendations and thematic trade ideas
- Access to a goal-based planning tool and, for adviceDirect Premium users, financial planning support along with real-time quotes and third-party research
Legal
1Contest Terms and Conditions apply. No purchase or investment required to enter or win. Investing does not increase your chances of winning. Contest ends October 31, 2026.
This message is for information purposes only. The information contained herein is not, and should not be construed as, investment, tax or legal advice. Investments should be evaluated relative to an individual’s investment objectives, risk tolerance and time horizon, and professional advice should be obtained with respect to any circumstance.
Investment advice and mutual fund investments, including BMO Mutual Funds, are provided and distributed by BMO Investments Inc., a separate legal entity from Bank of Montreal, registered as a mutual fund dealer and investment fund manager. Learn more about the services provided by BMO Investments Inc. – and how we get paid – at bmo.com/ourrelationship.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts or prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Investment professional refers to Personal Bankers, Financial Planners, Investment and Retirement Planning and Investment Specialists that are representatives of BMO Investments Inc.
BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal. BMO InvestorLine is a Member of the Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.
adviceDirect is a product of BMO InvestorLine Inc. An adviceDirect account is a non-discretionary, fee-based account which offers investment recommendations. adviceDirect does not provide portfolio management by a portfolio manager. The client makes their own investment decisions and manages their own investment portfolio. adviceDirect does not offer discretionary, managed accounts.
*Terms and conditions apply: https://www.bmoinvestorline.com/selfDirected/pdfs/sdcashft-e.pdf
**Terms and conditions apply: bmoinvestorline.com/adviceDirect/pdfs/ADFeeSchedule_E.pdf
‡BMO Active Trader Pro (in addition to Level 1)
2The percentage is calculated for illustrative purposes only, and is expressed as the percentage value of our revenue earned on conversions, benchmarked to the 2025 Bank of Canada annual average exchange rate of 1.3978, and rounded to the nearest tenth.
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
