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2003 Broker Survey
The Globe and Mail's 2003 On-line Broker Report
Score Sheet

Satisfaction Survey
 
Profiles
Click a broker to view contact info, services offered and fee schedules
BMO Investorline

CIBC Investor's Edge

Credential Direct

Disnat

eNorthern

E*Trade Canada


Merrill Lynch HSBC

National Bank Discount Brokerage

Qtrade Investor

Royal Bank Action Direct

ScotiaMcLeod Direct Investing

TD Waterhouse
Broker: BMO InvestorLine
Web Site: http://www.bmoinvestorline.com/
Customer Service: Phone: 1-800-387-7800
E-mail: info@bmoinvestorline.com
Mailing Address:

First Canadian Place
100 King St. W., 20th Floor
Toronto, Ontario
M5X 1A1
(416) 867-4000

Service / Accounts Available:
  • Cash or Margin Investment Account
  • Corporate or Non-Personal Account
  • Self-Directed RRSPs
  • LIRAs (Locked-in Retirement Accounts)
  • Self-Directed RRIFs, LIFs (Life Income Funds) and LRIFs (Locked-in Retirement Income Funds)
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit BMO InvestorLine)
Equities
All prices as
of August 27, 2003

*Online Trades - Up to 1000 shares of any value:

  •  Market Order $25
  •  Limit/Special terms orders $29

Over 1000 shares
Share price Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn. U.S.
Commission / Price Commission / Price Commission / Price
Less than $0.245 1.5% of principal 2½% of principal 2½% of principal
$0.25 - $1.00 $35 + ½ ¢ per share $35 + 2¢ per share
$1.01 - $2.00 $35 + 2¢ per share $35 + 3¢ per share
$2.01 - $5.00 3¢ per share $35 + 3¢ per share $35 + 4¢ per share
$5.01 - $10.00 $35 + 4¢ per share $35 + 5¢ per share
$10.01 - $20.00 $35 + 5¢ per share $35 + 6¢ per share
$20.01 - $30.00 $35 + 6¢ per share $35 + 7¢ per share
$30.01 and higher $35 + 8¢ per share
Note: Where the principal value of the trade is $2,000 or less, the commission is $25 for market orders, $29 for limit/special terms orders. Stock trades are subject to a minimum commission of $25 for market orders and $29 for limit/special terms orders. Where the principal value of the trade is $2,000 or less, the commission is $40 CDN, $40 US. Stock trades are subject to a minimum commission of $40 CDN, $40 US.

 
Mutual Fund Trades
For electronic orders, there is a 20% discount off the mutual funds fee schedule.
 
Option Trades
Contract price Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn./U.S.
Commission / Contract Commission / Contract
$0.00 - $1.00 20% discount off the current options commission schedule. $35 + $1.00/contract
$1.01 - $2.00 $35 + $1.50/contract
$2.01 - $3.00 $35 + $2.00/contract
$3.01 - $4.00 $35 + $2.50/contract
$4.01 - $5.00 $35 + $3.00/contract
$5.01 and higher $35 + $3.50/contract
Note Where the principal value of the trade is $2,000 or less, the maximum commission is $35 CDN, $45 US. Option trades are subject to a minimum commission of $35 CDN, $35 US. Regular stock commission schedule applies for assignments and exercises. Where the principal value of the trade is $2,000 or less, the commission is $35 CDN, $45 US. Regular stock commission schedule applies for assignments and exercises.

 
Special Services:
  • Quotes, news, charts
  • Research and earnings Webcasts
  • Purchase fixed income securities

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Find Out More
From
The Globe and Mail:

For on-line brokers, returning investors mean good business
June 24, 2003

On-line brokers make investing in DRIPs easy
April 12, 2003

Ameritrade will be tough on-line competitor
April 8, 2003

BMO InvestorLine top pick among on-line RRSP brokers
February 8, 2003

It's time to check out on-line trading fees
August 14, 2002

 
Rob Carrick
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