BMO InvestorLine: Commission-free stock and ETF trades starting Sept 14, 2026 | BMO | Discussion forum

I have DYN 6004 and DYN 6005 in my iTrade - if I decide to switch from iTrade over to BMO Investorline will they move the DYN products (which are Scotia products) smoothly without complication and fees? or would it be better to cash in DYN 6004 and 6005 at iTrade first and just transfer the realized cash over?

I will likely move from iTrade to either BMO Investorline or National Bank Direct both offering no trading commissions and generally no admin fees. (will cash in these DYN ISAs at iTrade before transferring acct.)
Anyone have any positive or negative comments about either BMO IL or National Dir offering $0 commission brokers?
Wonder if iTrade will drop their commissions to match the others.

canadian.100 said
Wonder if iTrade will drop their commissions to match the others.  

I am speculating there will have to be a response of some kind from the remaining big 4 but it could vary in nature and take some time to occur.

I understand TDDI already has some free trading in place with TD Easy Trade but that must be done by app and I will never use an app for my brokerage accounts for security reasons.

I also understand some of the big bank brokerages also already have reduced trading commissions for large accounts, e.g. Scotia iTrade at $4.95 for aggregate accounts >$5M and those folks really don't care about low commissions to begin with. CIBC Investor's Edge already has low trading commissions for all(?) accounts.

Added later: I have accounts at both BMO IL and Scotia iTrade. None of the various actions by other brokerages over time have enticed me to swap brokerages.

My take is FIs push their apps to attract the younger demographic who seem to do everything on their phones these days, and because they always have their phones with them, there is more temptation to be on the app and perhaps do trades. FIs are not really all that interested in what is in the client's best interest as they are marketers after all peddling their wares.

I don't know anyone Gen-X and younger who do much with their laptops any more and they typically never carry laptops with them. Some Gen-Z I know no longer have laptops.

To me, the security issue is potential loss of phone and not having it buttoned down as well as it should be, e.g. 4 digit PIN numbers and not having the phone go to factory reset after maybe 5-8 wrong attempts at PIN (some phones default to 30 attempts or did at one time). Facial recognition and/or fingerprint unlock is better than PIN unlocking but not everyone has migrated to that.

Nor do I want financial apps on my phone when crossing borders like the US where the goons can scrutinize phones. The fewer critical apps like financials for them to check the better.

canadian.100 said
I will likely move from iTrade to either BMO Investorline or National Bank Direct both offering no trading commissions and generally no admin fees. (will cash in these DYN ISAs at iTrade before transferring acct.)
Anyone have any positive or negative comments about either BMO IL or National Dir offering $0 commission brokers?
Wonder if iTrade will drop their commissions to match the others.  

Hi Y'all, haven't been actively posting for a while but do read the forums several times a week. Mostly because GICs are just not producing a big enough return for me these days, among other reasons.

Coincidentally, I moved from Itrade to NBDB and closed my Itrade account. When Itrade discontinued FlightDesk and replaced it with an inferior trading app, let alone the horrendous rollout of Trade Pro, I had to find a new alternative.
I could not find a brokerage with a similar quality trading app without going to a costly pro application. I decided to go with a least cost trading strategy and significantly modify my trading customs and expectations.

Overall I like NBDB and eventually did adapt to its trading limitations, relatively speaking.
Regarding ISA's, unfortunately NBDB does not offer the purchase of F-series ISAs. I believe Desjardins does, also another no commission brokerage to choose from.

I would look for a Brokerage that fits your trading style and needs. And of course, if a low cost brokerage meets those conditions then that is the way to go.

NBDB is not the brokerage for a heavy and complex trader. But for a novice and basic trading, which is the vast demograhpic, NBDB is the right place to be. At the time, if Questrade had no commission trades , I would have gone there. I still plan on opening an account at Questrade and keep my NBDB account.

Regarding these no commish brokerages, although you are not paying for your stock and ETF trades, option trades are not included and moreover, if you need true real time data streaming , you will need to pay for this service (NBDB's is very basic with a basic price). When I was at Itrade, I qualified for the higher end trading tools / apps at no direct charge. I more than compensated Itrade with the amount of trades I made , even with the volume trade pricing. At national I'm paying 49.95+tax per month.

I do want to give Itrade an honourable mention on their level 2 streaming data in trade pro. The level 2 module is better than the previous app. It supports views by summary, by order, by brokerage and provides broker Id data in both the order book and times and sales reports. NBDB does not, so doesn't Questrade. I'm not sure about the others, commish or no commish brokerages. If and when Itrade goes fully stock and ETF "no commission" trades, I would consider going back just for the level 2 module.

"every app is a trojan". I'd never hear that. You better tell AI, it says something VERY different.

After BMO Direct Investing started $0 commission free on stocks on Sep 14, did anybody buy stocks when the cash balance was $0 in the account? Does BMO DI still have BUYING POWER? Can you buy stocks when the account balace is $0 in your account?

I know National Bank Direct Brokerage (NBDB) does not have buying power feature.

Nehpets said

While I'm a new Investorline user, I did make a trade and on the guidance of a CSR, I made the trade but ensured it was funded before the end of the trading day, or be subject to interest charges.

It was the same with TDDI.

Stephen  

Thank you for your info.
TDDI, ensure it is funded before the Settlement Date ( the next business day). If you buy stocks today, you " Pay Bill" from your another banking account, the fund will be received on the next business day in your TD DI account. TD DI does not charge interest if the fund is transferred in before the end of the Settlement Date.