Online brokerage
BMO InvestorLine Review: CIRO-Registered, Fees & Platforms
By ForexCanada Editorial Team · Updated
Canada check
- Canadian status
- CIRO-registered
- Canadian entity
- BMO InvestorLine Inc.
- CIPF coverage
- Yes (eligible accounts, within CIPF limits)
- OBSI complaints
- Yes — free, independent dispute resolution
- Accepts Canadians
- Accepts Canadian residents
- Licences abroad
- —
- Headquarters
- Toronto, ON
- Ownership
- Bank of Montreal (TSX: BMO)
Our take on BMO InvestorLine
BMO InvestorLine pairs a traditional bank brokerage with some useful extras: an Options Hub for learning and analysing options strategies, and commission-free purchases of BMO's own ETF lineup, which is one of the largest in Canada. Standard trades cost $9.95. For buy-and-hold investors who build portfolios from BMO ETFs, the effective cost can be low.
InvestorLine's standout for many investors is the combination of commission-free purchases of BMO ETFs — one of Canada's largest ETF families — and genuinely useful options education in its Options Hub. If you'd build a portfolio from non-BMO ETFs or trade frequently, the $9.95 standard commission makes $0-commission brokers more attractive. BMO clients also get consolidated views of banking and investments.
Verdict
Solid bank brokerage with genuinely useful options education.
What we like
- +Options Hub education and tools
- +Free BMO ETF purchases
- +Full registered account range
Watch out for
- −$9.95 standard commissions
- −Platform not built for active trading
- −No forex or CFDs
How BMO InvestorLine scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- Proprietary web, Mobile app
- Markets
- Stocks · ETFs · Options · Bonds · Mutual funds
- Pricing
- $9.95 per online stock trade; commission-free purchases of BMO ETFs
- CAD / USD accounts
- ✓ CAD | ✓ USD
- Registered accounts
- TFSA, RRSP, FHSA, RESP, RRIF, LIRA
- Demo account
- Not advertised
- French service
- Yes
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify BMO InvestorLine yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
BMO InvestorLine: frequently asked questions
Is BMO InvestorLine regulated in Canada?
Yes. Canadian clients are served by BMO InvestorLine Inc., a registered investment dealer and member of the Canadian Investment Regulatory Organization (CIRO). You can confirm this on CIRO's list of dealers it regulates and in the CSA National Registration Search.
Is my money protected with BMO InvestorLine?
Eligible accounts at CIRO dealer members are covered by the Canadian Investor Protection Fund (CIPF) if the firm becomes insolvent — generally up to $1 million per account category. CIPF does not cover trading losses.
Can I open a TFSA or RRSP with BMO InvestorLine?
Yes. BMO InvestorLine offers TFSA, RRSP, FHSA, RESP, RRIF, LIRA accounts. Note that leveraged forex and CFDs can't be held in registered accounts.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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