BMO InvestorLine Reviews

Customer's Rating: brokerage firms reviews

BMO InvestorLine customer reviews 2017: complaints, positive feedback from clients, pros and cons. Is it safe/worth to invest?

  • Stocks: $29 if account less than 50K, $9.95 if over 50K or making over 30 trades per quater.
  • Options: $9.95
  • Mutual funds: $43

Minimum to open: 5,000 for TFSA, $0 for RRSP. Minimum balance for best or discounted commission is $50,000.

BMO InvestorLine cash/margin accounts, retirement savings accounts (RRSPs, LIRAs, LRSPs, RLSP), RESPs, TFSAs, retirement income accounts.

About BMO InvestorLine

Established in 1817 and based in Canada, BMO Financial Group serves more than 11 million personal, commercial, corporate and institutional customers in North America and internationally. Our operating groups – Personal and Commercial Banking, BMO Bank of Montreal in Canada and Harris in the United States; Private Client Group, our wealth management business; and BMO Capital Markets – share one vision: to be the bank that defines great customer experience.

Open an account today. Get $50 in free trades.

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BMO InvestorLine Customer Reviews

by pl, 5/2/2016

Pros:

Cons: Lousy RUDE staff at the phone

Rude when you call them even when you are giving them business.

by Rick, 9/25/2015

Pros: None

Cons: Slow, uninformed, arrogant.

None of the managers have any idea what is going on. The kids just do what they want. Discount broker with discount employees. There has to be someone better out there.

by Manny, 2/28/2015

Pros: The website, very interactive, very informative

Cons: They do not have support staff to accommodate their business

Just signed up for BMO TFSA trading account. First time using their trading services as I have been with TD for over 20 years. Online, I like their site, very interactive, very informative and some great features. However, when you call them from support or questions that when things went wrong. They do not have support staff to accommodate their business/clients. I have called three times, so far each call has averaged more than 7 mins of waiting times and I have had to hang up twice due the length of wait. In one case, I lost money given the stock I wanted to trade kept going up while I waited…. The worst scenario for an online investor. Hope they will change things soon to address this. Never had such an issue at TD when it came to support staff.

by Aubrey, 6/13/2014

Pros:

Cons:

Well, I needed access to my BMO InvestorLine account to make some trades today as the market is moving. However, I can’t log into it, and when I called them, no one picked up. After 45 minutes of this, I called the BMO telephone banking number and was told that it should be up within 90 minutes. In the world of trading, this is totally unacceptable.

by Craig, 5/8/2014

Pros:

Cons:

BMO investorline is a subpar service at best. I am a active trader and regularly trade MSFT 10,000 share blocks at a time. Sometimes it takes 2 minutes to fill the trade. Not a good service for an active trader.

by salmonpointsam, 3/3/2014

Pros: linked to my BMO accounts

Cons: Absolutely no customer service perspective, amateur management.

I've maintained an Investorline account for several years with a cash account as well as RRSP's, LIRA's and TFSA's. The operation is hopeless. Their IT people are worthless as the site is generally unavailable on high volume days and elements like the streamer and level 2 quotes are unreliable at best. The staff are poorly trained and ooze a level of unearned arrogance with their approach. Some relevant information, like margin requirements for debentures, are inaccurately displayed on user facing pages and few staff know how/where to get the correct info. I'm still there due to my understanding that a portfolio transfer will take 6 to 8 weeks, a period of inactivity that is unacceptable. I'm trapped in an awful operation. I hate it!

Leading Brokerage Review Websites About BMO InvestorLine

"BMO InvestorLine consistently ranks well across reviews although not necessarily earning top spot in some of the major reviews. With pricing now in line with several bank-owned peers, they may turn their attention to improving their educational, promotional or platform offerings as they continue to try and compete with other brokerages."

SparxTrading.com

"BMO Investorline has rave reviews (top ranked bank-owned online broker by Globe and Mail, #1 in customer email responsiveness, and an Ipsos Reid poll stating that they are the best in customer service). ...I guess BMO Investorline is targeted towards people who have HUGE portfolios. ...Too bad the commission is so high. I would classify myself as more of a swing trader, so I think that the commissions I would incur would eat my portfolio alive."

YoungAndThrifty.ca

"BMO InvestorLine has been rated one of the top of discount brokerages in Canada and offers competitive pricing (if you have more than $100,000) with an excellent online trading platform and research material. The web trading platform is easy to use and navigate."

MoneySmartsBlog.com

Brokerage reviews from customers/users/consumers. Broker ratings, promotional codes, scam reports/complaints, pros and cons, stocks, options, ETFs, mutual funds trading/invseting commissions/fees for 2017. Consumer opinions and feedback on brokerage services.
BMO InvestorLine Customer reviewed by TopRatedFirms.com users. 6 customer reviews. Rating: 1.