How to join BMO InvestorLine?
Are you a self-directed investor living in Canada? If so, BMO InvestorLine features an investment account where you trade on your own, but that provides you with the support you need. Check out how to join it!
Opening an account at BMO InvestorLine
BMO allows you to take the lead in investing but doesn’t let it go into your hands. That’s how it works for new and expert investors. With a robust online platform that features research tools and performance tracking, the BMO InvestorLine, you can lead your trading with professional guidance when you need it.
Plus, it offers you a promotion when you open the account. Great, right?
But, before applying for it, you should read the terms and conditions to learn more about the fees applied.
Even though it doesn’t charge a commission fee for some popular ETFs, it charges $9.95 per trade, plus $1.25 per options contract.
However, those fees are reasonable considering all its benefits.
Check out how to join it.
Open account online
Go to the BMO website at https://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/ and click on Open an account.
You should know that the application is easy to apply, but you need to follow some requirements, as follows:
- be a Canadian resident and have a Social Insurance Number
- be at least the age of the majority
- have an e-signature
- create an investor profile
Then, click on Continue to fill in the forms and documents required.
You will be redirected to another website
Join using the app
You can download the mobile app after opening the account and getting approved.
BMO InvestorLine vs. J.P. Morgan Self-Directed Investing
BMO InvestorLine and J.P. Morgan both offer self-directed accounts. But, BMO charges trading fees, even though it gives you a promotion when opening the account.
On the other hand, J.P. Morgan Self-Directed Investing doesn’t charge any fees but doesn’t offer promotions.
Check out the comparison chart below to make a wise decision.
|J.P. Morgan Self-Directed Investing
|$9.95 per trade, plus terms apply for others investment choices
|Get up to $2,000 cash back when opening the account
|Stocks, ETFs, Fixed Income Assets, Options, Mutual funds
|Stocks, ETFs, Bonds, Options, Mutual funds
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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