BMO Investor Line Review

April 11, 2012

I am still on my learning to invest kick and decided to share a bit of info on BMO Investor line. This is one to the other trading platforms that is extremely popular in Canada.

BMO Investor Line is a online brokerage based in Canada that offers competitive pricing in both US and Canadian stocks, as well as excellent account features, like fixed income options and mutual funds. Many people compare the trading platform with Questrade; however, there are a few key differences between the two. For example, a BMO InvestorLine account can be hooked up to a bank account through the BMO banking division, which makes transferring money between the two accounts incredibly easy.


Advantages of Using BMO InvestorLine

One of the many features that current account holders like about BMO InvestorLine is the ability to make easy portfolio shifts through their portfolio rebalancing option. Ensuring that your assets are performing like they should be is the key to hitting your investment goals, and it’s always nice when the figures are laid out in an easy to read format.


Here are a few of the other benefits that you’ll receive for using BMO InvestorLine as your online broker

  • Intuitive interface that makes navigating the platform very easy  and if you still can’t figure it out, you can always contact customer support
  • A comprehensive security guarantee that ensures you’re reimbursed for any unauthorized transactions through your InvestorLine account
  • The ability to transfer money from your BMO InvestorLine account to your BMO bank account
  • Easy to understand market research tools that allow you to stay on top of your investments
  • Performance tracking tools to help identify under-performing investments

Additionally, there is a very diverse offering of account types through BMO InvestorLine, including, but not limited to, retirement income accounts, self directed RRSPs, tax free savings accounts, and margin accounts. If you’re currently trying to learn how to invest, then it’s worth checking out the online resources that BMO offers through their Education Center, because their guided investing can really help put things into perspective.

 So, what could be better about BMO InvestorLine?

Some users of BMO InvestorLine report being dissatisfied with the way the platform keeps track of penny stocks. So, if you’re interested in trading penny stocks, then further research should be conducted before choosing InvestorLine so that you can make sure your goals are compatible with what the platform can offer. Additionally, unlike Questrade, accounts at BMO InvestorLine primarily benefit people who maintain large portfolios ñ the biggest discounts are seen when assets are over $100,000.

Final Thoughts on Using BMO InvestorLine

The tools that BMO offers its clients to help monitor, manage and maintain their online portfolios are very impressive. After all, initial planning and periodic rebalancing are two key ingredients when it comes to finding investing success. However, the benefit that you’ll see through opening an account up will largely depend on the type of accounts you plan on holding, and the amount of money you have to work with.

If you can handle $29.99 commissions per trade, or you have enough money to lower the commission fee to $9.95, then BMO InvestorLine should definitely be on your list of online brokers to try. Aside from the fees, BMO InvestorLine offers a solid platform that’s easy for both new and seasoned investors to understand and use.


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  • Jai Catalano April 11, 2012 at 1:19 pm

    I am meeting with my step father tomorrow and I will ask him what he thinks of this. Thanks for sharing.

  • Paul @ The Frugal Toad April 11, 2012 at 1:36 pm

    Never heard of BMO. I have a brokerage account with Scottrade and keep most of my money with Vanguard. How are there fees compared to Scottrade?

  • Jackie April 12, 2012 at 12:48 am

    Wow those are huge fees compared to Zecco. (Especially the $29.95 one…) But maybe there are fewer options in Canada for online trading?

    • Marissa April 12, 2012 at 5:11 am

      We have Questrade at 4.95 but most people still fee comfortable using BMO.

  • Penny Stock Blog July 10, 2012 at 4:42 pm

    The big advantage in using a broker with low commissions is saving money that is if one trades a lot. Really low commissions don’t really make a lot of difference if your a buy and hold investor.

  • El December 5, 2012 at 4:28 pm

    I lost a few thousand dollars because I was over-confident that Investorline can do automatic trade for me. Later found that its system adjusted my set price without my permission so low that the stocks were not bought. Never trust Investorline. The people at Investorline denied responsibility.

    • Marissa December 6, 2012 at 7:04 pm

      I’m really sorry to hear that. I tend to monitor my investments rather closely, but I’m sad to hear that it happened to you.

  • Josh July 8, 2013 at 1:44 am

    Dear MARISSA,
    I liked what you said about Some users of BMO InvestorLine report being dissatisfied with the way the platform keeps track of penny stocks
    Continue this kind of articles because they are very good and useful, congratulations.