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?

Registered Accounts

✓ TFSA
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RRSP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RESP
- US Dollar Account Available?
  
  X

Non-Registered Accounts

✓ Cash
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ Margin
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

Account Fees & Requirements for BMO InvestorLine

Registered Accounts

✓ TFSA
- Minimum Opening Balance
  
  $0
- Minimum Balance Required
  
  $0
- Annual Charge
  
  $100
- Transfer Out
  
  $150
- Withdrawals
  
  2 free withdrawals per month. Each additional: $1
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  Quarterly fee of $25 is waived if account balance is $15,000 or more, or the client has 2 or more trades in 6 months; or there's a registered account held at BMO InvestorLine. Nil Inactivity Fee.
✓ RRSP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $100.00
- Transfer Out
  
  $150
- Withdrawals
  
  RRSP/RRIF deregistration: $50.00
  Lifelong learning plan: $25.00
  Home buyers’ plan: $25.00
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  Fee is waived for accounts with balance of $25,000 or more. Nil Inactivity Fee.
✓ RESP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $50.00
- Transfer Out
  
  $150
- Fee Waiver Condition
  
  Annual Fee is waived for accounts with balance of $25,000 or more. Nil Inactivity Fee.

Non-Registered Accounts

✓ Cash
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $100.00
- Transfer Out
  
  $150
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  Quarterly fee of $25 is waived if account balance is $15,000 or more, or the client has 2 or more trades in 6 months; or there's a registered account held at BMO InvestorLine.
✓ Margin
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $100.00
- Transfer Out
  
  $150
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  Quarterly fee of $25 is waived if account balance is $15,000 or more, or the client has 2 or more trades in 6 months; or there's a registered account held at BMO InvestorLine.
✓ Inactivity Fees
- Inactivity or Maintenance Fees
  
  $25/Quarter
✓ Fee Waiver Conditions
- Quarterly fee of $25 is waived if account balance is $15,000 or more, or the client has 2 or more trades in 6 months; or there's a registered account held at BMO InvestorLine.

Trading Commissions & Fees provided by BMO InvestorLine

Equity
- Minimum commission per trade
  
  $9.95
- Maximum commission per trade
  
  $9.95
- Standard commission per trade
  
  $9.95
- Best commission per trade
  
  $9.95
ETF
- Commission-free ETF Trading Available?
  
  ✓
Options
- Standard Base option commission fee
  
  $9.95
- Standard per contract commission
  
  $1.25
- Assignment and Exercise Commission
  
  $9.95 plus $1.25/contract