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BMO InvestorLine Review

Popularity

QueryAnswerReference URLDate
Number of users (approximate)––12 Jan 2021
Website traffic (estimated)20mhttps://www.similarweb.com/website/bmo.com/12 Jan 2021
# results on web78Khttps://www.google.com/ 12 Jan 2021
Search volume Google2,900https://searchvolume.io12 Jan 2021
Twitter followers53.5Khttps://twitter.com/BMO12 Jan 2021
FB followers170Khttps://www.facebook.com/BMOcommunity/12 Jan 2021
How popular on mainstream media?MediumBenzinga, Morningstar, Business Wire, Financial Post, MoneySense, CBC12 Jan 2021
Negative media?Very Lowhttps://www.reuters.com/article/usa-sec-adrs/u-s-sec-fines-cantor-bmo-capital-markets-over-improper-handling-of-adrs-idUSFWN25C08112 Jan 2021
Notable awards2020 Artificial Intelligence Excellence Award, Best Private Bank Canada Awardhttps://newsroom.bmo.com/2020-04-22-BMO-Wins-2020-Artificial-Intelligence-Excellence-Award
https://newsroom.bmo.com/2019-07-03-BMO-Private-Banking-Receives-Best-Private-Bank-Canada-Award-for-Ninth-Consecutive-Year
12 Jan 2021

User Rating

QueryAnswerReference URLDate
# users rated on user platforms
286 on TrustPilot, 0 on SiteJabber
https://www.trustpilot.com/review/www.bmo.com
https://www.sitejabber.com/reviews/bmo.com
12 Jan 2021
Percentage of positive reviews out of user reviews6%https://www.trustpilot.com/review/www.bmo.com12 Jan 2021
Common complimentsFriendly helpful in-person staff.https://www.trustpilot.com/review/www.bmo.com12 Jan 2021
Common complaintsExtensively long wait on helpline and unreliable service.https://www.trustpilot.com/review/www.bmo.com12 Jan 2021
Positive feedback on Twitter?Consistent and reliable service.https://twitter.com/BMO12 Jan 2021
Negative feedback on Twitter?Long waiting times for support.https://twitter.com/BMO12 Jan 2021
App rating (summary)2.1 / 5 average rating from 755 reviewshttps://play.google.com/store/apps/details?id=com.bmo.investorline
https://apps.apple.com/ca/app/bmo-investorline/id698965311
12 Jan 2021

Background Information

Company public/privatePublichttps://en.wikipedia.org/wiki/Bank_of_Montreal
Revenue DataCAD$25.2 billion (F2020)https://en.wikipedia.org/wiki/Bank_of_Montreal
CEO and bio
Darryl White (CEO BMO Financial Group)
https://en.wikipedia.org/wiki/Bank_of_Montreal
Number of employees45,513https://en.wikipedia.org/wiki/Bank_of_Montreal
Notable investors (private companies)––

Security

QueryAnswerReference URL
HTTPS CertificateYeshttps://www.bmoinvestorline.com
2FA ?Yeshttps://www.bmoinvestorline.com/General_Info/Account_Security_EN.pdf
Device monitoring?Yeshttps://www.bmoinvestorline.com/General_Info/BrowsersSecurity.html
New device extra security?Yeshttps://www.bmoinvestorline.com/General_Info/BrowsersSecurity.html

Fees & Offering

QueryAnswerReference URL
Account minimumNonehttps://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Account fixed feesNonehttps://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Fractional shares?Nohttps://www.bmo.com/investorline/self-directed/faqs/existing-clients/index.html#–tabs-1517868217223-dividend-reinvestment-plan
Margin costsVarieshttps://www.bmo.com/self-directed/popups/calculating-margins
ETF buying fees$9.95https://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Stock buying fees$9.95https://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Option buying fees$9.95 + $1.25 per contracthttps://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Short selling fees$9.95https://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Futures buying fees$9.95https://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Future options buying fees$9.95 + $1.25 per contracthttps://www.bmo.com/main/personal/investments/online-investing/investorline/self-directed/pricing/
Cryptocurrency feesNot available–
Fixed income feesNonehttps://www.bmoinvestorline.com/selfDirected/pdfs/SDFeeSchedule_E.pdf
Mutual funds feesNonehttps://www.bmoinvestorline.com/selfDirected/pdfs/SDFeeSchedule_E.pdf

Trading App

QueryAnswerReference URL
Android app # installs50K+https://play.google.com/store/apps/details?id=com.bmo.investorline
Android app # reviews538https://play.google.com/store/apps/details?id=com.bmo.investorline
iPhone app # reviews217https://apps.apple.com/ca/app/bmo-investorline/id698965311
Android app rating2.5 / 5https://play.google.com/store/apps/details?id=com.bmo.investorline
iPhone app rating1.7 / 5https://apps.apple.com/ca/app/bmo-investorline/id698965311
Common compliments on appEasy to use and good for the basic needs.https://play.google.com/store/apps/details?id=com.bmo.investorline
https://apps.apple.com/ca/app/bmo-investorline/id698965311
Common complaints on appCharts don’t work, searching equities broken.https://play.google.com/store/apps/details?id=com.bmo.investorline
https://apps.apple.com/ca/app/bmo-investorline/id698965311
Weighted average app rating2.1 / 5https://play.google.com/store/apps/details?id=com.bmo.investorline
https://apps.apple.com/ca/app/bmo-investorline/id698965311

Final conclusions:

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