BMO InvestorLine full review
If you are a self-directed investor in Canada, you should take a look at this review. The BMO InvestorLine gives you the freedom to invest on your own and tools to help you through this process!
BMO InvestorLine review
The BMO features an online investing platform where you can access real-time data and invest on your own. And in this BMO InvestorLine review, you’ll learn all about it!
This self-directed account offers support and service when you need it, so you don’t need to worry about being left alone while investing as you want.
Also, it gives you investment choices with low trading fees.
Plus, you can get a special promotion of cash back when opening the account.
|Trading fees||$9.95 per trade, plus terms apply for others investment choices|
|Promotion||Get up to $2,000 cash back when opening the account|
|Investment choices||Stocks, ETFs, Fixed Income Assets, Options, Mutual funds|
How does BMO InvestorLine work?
If you search for popular ETFs in Canada with commission-free, BMO InvestorLine can help with that. It selects some ETFs so you can invest in them with no trading fees.
But, the regular fees are $9.95 per trade, plus $1.25 per options contract.
On the other hand, there is no account minimum required, plus you can get a promotion by joining BMO.
Even though it is self-directed, it offers professional support when you ask for it. Plus, it provides you with research and performance tracking tools so you can invest with confidence.
You will be redirected to another website
BMO InvestorLine benefits
This investment account is an option for those who want reasonable fees for different choices of investment.
Also, you don’t need to be an expert since it gives you the support you need. Plus, the platform seems pretty robust and focused on user experience.
But, it charges fees per trade and other account fees, a little higher than average in the market.
- A good and robust online platform with performance tracking and research
- You can get a promotion when opening the account
- Self-directed account with support
- It doesn’t require an account minimum
- Some ETFs are commission-free
- It charges trading fees
- According to some clients, the mobile app is not that responsive and integrated
Should you join BMO InvestorLine?
BMO InvestorLine is an option for those who are self-directed investors looking for a robust online platform that offers tools and support.
Can anyone open an account?
To open an account, you need to be a Canadian resident with a valid Social Insurance Number. Also, you will need an electronic signature and an investor profile.
How to open a BMO account?
Are you a self-directed Canadian investor searching for an online platform with tools and support to make your own investment decisions? Then, check out how to join BMO.
Clearco review: find the best loan for your company
If your e-commerce company is in the market for funding, read our Clearco review to see how they can help you to make your company grow!Keep Reading
KOHO Credit Card review
Looking for the best way to manage your money? Check out our KOHO Credit Card review to learn how this card can help you do that!Keep Reading
How to apply for the SimplyCash® Preferred Card from American Express?
Check out how the SimplyCash® Preferred Card from American Express application works to start earning unlimited cash back on purchases today!Keep Reading
You may also like
Facts about credit cards: 7 important things you didn't know
It doesn't matter if you are a newbie or an experienced credit card user. Everybody can take advantage of learning these seven facts about credit cards. So, keep reading to turn into an expert on this subject.Keep Reading
Wells Fargo Autograph℠ Card application: how does it work?
Find out what is necessary to apply for the Wells Fargo Autograph℠ Card, and start enjoying cash back on your purchases as soon as possible. Keep reading and learn more!Keep Reading
Elon Musk is about to cut 10% of Tesla’s workforce
Last week, two emails by Elon Musk have come to light. The first ordered employees to return to the office for at least 40 hours a week. The second ordered Tesla executives to pause all hirings. Learn more below.Keep Reading