BMO InvestorLine will extend its flat rate of USD9.95 per trade to more clients on 1 December.
The pricing will be available to clients with USD50,000 in assets invested through BMO InvestorLine and applies to trades for Canadian and US equities made through online or automated telephone services.
The asset level needed to qualify for this new rate will be easier to reach because clients can also combine assets from any BMO InvestorLine accounts over which they have trading authority.
Canadian and US option trades will be subject to the same flat rate plus USD1.25 per contract. All other BMO InvestorLine online brokerage rates remain unchanged.
"Our research shows that more than one third of Canadians have either adopted online trading or are seriously considering it as a way to manage their investments," says Connie Stefankiewicz, president and chief executive, BMO InvestorLine. "We are committed to helping clients make informed investment decisions by providing innovative tools, research, and education resources. This, combined with award-winning service, a comprehensive suite of financial planning tools and investment products, and now reduced pricing for more clients, allows BMO InvestorLine to better address the needs of online investors."
