MoneyDesk

Online brokerage

BMO InvestorLine

BMO's self-directed brokerage with broad registered-account access, regular per-trade commissions, and balance-based account fees.

Visit official website About BMO InvestorLine

At a glance

Canadian stocks
$9.95 CAD per trade buy / $9.95 CAD per trade sell
U.S. stocks
$9.95 USD per trade buy / $9.95 USD per trade sell

Current promotions

Investing · BMO InvestorLine online brokerage

Receive up to 1% cash back, capped at $10,000, plus 150 trades

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Overview

BMO InvestorLine offers non-registered and registered self-directed accounts through web and mobile trading. Regular online Canadian stock and ETF trades cost CA$9.95, while U.S. trades cost US$9.95; selected ETFs and the activity-qualified Active Trader tier use different pricing.

Recurring account fees depend on account type and balance. Review the complete inventory for service charges, foreign-exchange costs, regulatory charges, and paid or activity-qualified features.

Regular pricing and account fees

These are the regular online rates, excluding temporary promotions. Other account fees, currency conversion costs, service charges, trading fees and paid plans are covered below.

Account availability and recurring fees

Non-registered cash
Available · Conditional account feeIndividual non-registered cash accounts are available without an opening minimum. A CA$25 quarterly fee applies below $15,000; registered-account and trading-activity waivers are available.
TFSA
Available · $0 account feeIndividual TFSAs are available. BMO states Self-Directed TFSA accounts do not have account fees.
RRSP
Available · Conditional account feeIndividual RRSPs are available. The annual fee is CA$100 below $25,000 and $0 at or above $25,000.
FHSA
Available · Conditional account feeIndividual FHSAs are available. The fee schedule's all-other-registered-accounts rule is CA$100 below $25,000 and $0 at or above $25,000.

Regular online commissions

Canadian Stock
Buy $9.95 CAD per trade · sell $9.95 CAD per tradeRegular online Canadian-listed stock trades cost CA$9.95 each. Buy: Regular online commission below the active-trader threshold. Sell: Regular online commission below the active-trader threshold.
Canadian Etf
Buy $9.95 CAD per trade · sell $9.95 CAD per tradeCanadian-listed ETF trades normally cost CA$9.95 each. Buy: Regular online commission; selected commission-free ETFs are a separate exception. Sell: Regular online commission; selected commission-free ETFs are a separate exception.
Us Stock
Buy $9.95 USD per trade · sell $9.95 USD per tradeRegular online U.S.-listed stock trades cost US$9.95 each. Buy: Regular online commission below the active-trader threshold. Sell: Regular online commission; applicable U.S. regulatory charges can also apply.
Us Etf
Buy $9.95 USD per trade · sell $9.95 USD per tradeU.S.-listed ETF trades normally cost US$9.95 each. Buy: Regular online commission; selected commission-free ETFs are a separate exception. Sell: Regular online commission; regulatory charges can apply.

Other fees and features

Accounts and tiers

Accounts
Individual cash, margin, TFSA, FHSA, RRSP, RESP, RRIF and other registered plans
Active Trader
CA$3.95 or US$3.95 per trade after 150 commissionable trades per quarter

Minimums and recurring fees

Opening minimum
$0
Non-registered account fee
CA$25 quarterly below $15,000 with waivers
Registered account fee
CA$100 annually below $25,000 for applicable registered accounts

Service and transfer fees

Incoming transfer fee reimbursement
UnknownWe couldn't find an ongoing transfer-fee reimbursement policy.
Institutional transfer out
UnknownThe amount was not established from the reviewed official sources.

Investments and trading costs

Regular stock and ETF commission
CA$9.95 or US$9.95 per online trade
Active Trader commission
CA$3.95 or US$3.95 after 150 commissionable trades per quarter

Foreign exchange and currency

Currency handling and conversion costs
UnknownNot established from the reviewed official sources.

Markets

Market access
UnknownNot established from the reviewed official sources.

Trading features

Trading features
UnknownNot established from the reviewed official sources.

Platforms and data

Platforms and market data
UnknownNot established from the reviewed official sources.

Orders and research

Order types and research
UnknownNot established from the reviewed official sources.

Margin

Margin availability and rates
UnknownNot established from the reviewed official sources.

Custody and protection

CIPF membership
BMO InvestorLine Inc. is listed as a CIPF investment dealer member firm.