Investing / Online brokers / BMO InvestorLine Self-Directed
BMO InvestorLine Self-Directed
Bank clients who want $0 trades and cheap options · #4 of 14 online brokers
- Yearly cost · Growing
- $0
- Stock & ETF trade
- $0
- Currency conversion
- Not published
- Offer on $25k
- —
$25,000 · 24 trades a year
Since September 14, 2026
CAD and USD accounts available
No current offer
Our verdict
BMO InvestorLine Self-Directed scores 80/100, #4 of the 14 online brokers we compare. Best for: bank clients who want $0 trades and cheap options.
- $0 stock and ETF trades since September 2026
- Options $0.90 a contract with no base fee
- No admin fees and no minimum balance
What a year of investing costs
Estimated yearly cost
$0$25,000 · 24 trades a year in a TFSA| Commissions 24 × $0.00 | $0.00 |
|---|---|
| Account fees Admin fees eliminated Sept 14, 2026 | $0.00 |
| Yearly cost | $0.00 |
| Starter$5,000 · 12 trades a year | $0 |
|---|---|
| Growing$25,000 · 24 trades a year | $0 |
| Active$100,000 · 120 trades a year | $0 |
Canadian-listed trades of $1,000. Currency conversion, options and ECN fees are extra. Try your own numbers.
Welcome offer
No welcome offer right now.
Fees & features
| Stocks & ETFs | $0Since September 14, 2026 |
|---|---|
| Options | $0.90 per contract, no base commission |
| Currency conversion | Not published as a single rate |
| US dollar accounts | CAD and USD accounts available |
| Account fees | Admin fees eliminated Sept 14, 2026 |
| Minimum | $0 |
| Fractional shares · DRIP | Whole shares only listed · Dividend reinvestment |
| Platforms | Web, mobile and Active Trader with paper trading |
| Accounts | TFSARRSPFHSARESPRRIFLIRANon-registeredMargin |
| Transfers | No transfer-fee reimbursement listedTransfer out: $0 |
| Protection | CIPFCIRO member · BMO InvestorLine Inc. |
Pros & cons
Pros
- $0 commissions on stocks and ETFs
- No admin fees or minimum balance
- Cheap options with no exercise or assignment fees
- Research and real-time data included
Cons
- FX spread not published
- No current welcome offer
- No fractional shares
BMO InvestorLine FAQ
How much does BMO InvestorLine Self-Directed charge per trade?
$0 per online stock or ETF trade. Since September 14, 2026. Options: $0.90 per contract, no base commission.
Does BMO InvestorLine Self-Directed have account fees?
Admin fees eliminated Sept 14, 2026. Transferring out costs $0.
Is BMO InvestorLine Self-Directed good for buying US stocks?
CAD and USD accounts available. Currency conversion: Not published as a single rate.
Which accounts does BMO InvestorLine Self-Directed offer?
TFSA, RRSP, FHSA, RESP, RRIF, LIRA, Non-registered, Margin.
Is BMO InvestorLine safe?
BMO InvestorLine Inc. is a CIRO member; accounts are protected by CIPF up to $1 million per account category if the firm fails. That protection does not cover market losses.
Alternatives
Source: BMO official fee schedule · Checked Oct 16, 2026.
WalletReturn is independent. We may earn a commission when you open an account through some links; that never changes our scores or our numbers. Fees and offers change — confirm them with the provider before you open an account. This is general information, not investment advice. Investments are not guaranteed; CIPF protection covers missing client property if a member firm fails, not market losses.