Commission Free ETFs at BMO Investorline
- Last Updated:
- Jun 5th, 2022 3:51 pm
Tags:
- SCORE+20
- lukaon [OP]
- Newbie
- Jan 25, 2020
- 11 posts
- 28 upvotes
31 replies
- sunny923
- Deal Addict
- Sep 10, 2004
- 1168 posts
- 107 upvotes
mmm...did not notice this, they have very good commission free ETFs for long term investments, wonder when they start offering this?
- fastlayne
- Deal Addict
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- Nov 18, 2007
- 3531 posts
- 640 upvotes
- Corktown
I'll have to test a trade tomorrow to see if the commission is shown as $0.00 before confirming.
- zzricezz
- Deal Addict
- Feb 4, 2003
- 3550 posts
- 2070 upvotes
- astroboy100
- Deal Addict
-
- Mar 23, 2009
- 1093 posts
- 1037 upvotes
- Toronto
Looks to already be live. Markets are closed obviously, but commission fee comes up in an order and is showing $0 for that list! Nice find OP! Pretty decent ETF list too.
- zzricezz
- Deal Addict
- Feb 4, 2003
- 3550 posts
- 2070 upvotes
Just got an email from investorline on this. Great option vs questrade and itrade.
- wolfie55
- Newbie
- May 4, 2017
- 68 posts
- 58 upvotes
- Vancouver
They've been polling their users (like me) to bounce ideas off of and ask for our opinions. I think this was one of the low-hanging fruits that was palatable to them.
They've just started this last weekend ? - I just received the email notice of it.
- jfmartel
- Deal Addict
- Mar 11, 2007
- 4297 posts
- 1434 upvotes
- QC
Do you still have to pay for the monthly fee?
- Cynophile
- Member
- Feb 8, 2020
- 477 posts
- 271 upvotes
- department50
- Member
- Dec 27, 2020
- 268 posts
- 450 upvotes
Disappointing XAW or VXC are not on the list.
- aguero
- Newbie
- Apr 14, 2021
- 7 posts
- 1 upvote
can someone with ETF experience please recommend 3 from their list that i can look into? TIA
- Cowboy905
- Sr. Member
- Dec 26, 2012
- 783 posts
- 682 upvotes
- Hamilton
- will888
- Deal Expert
-
- Dec 12, 2009
- 27682 posts
- 18088 upvotes
- Toronto
If saving $10 on a trade is going to sway your investment strategy, I think it is time to regroup before pulling the trigger on anything. I am not saying that the commission free ETFs are a good or bad investment. The free trade does not make them better or worse.
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Tangerine Bank, EQ Bank, Simplii
- aguero
- Newbie
- Apr 14, 2021
- 7 posts
- 1 upvote
yeesh i was just looking into it, didnt plan on marrying it... tough crowd lol.
- xgbsSS
- Deal Fanatic
-
- May 11, 2014
- 6166 posts
- 8466 upvotes
- Rankin Inlet, NU
good news. But I always found it odd they dont promote just BMO ETFs. For example, it would be nice for them to make all BMO ETFs free.
Scotia iTrade can't even bother with their own line of Scotia ETFs
Scotia iTrade can't even bother with their own line of Scotia ETFs
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- someweirdo
- Deal Addict
-
- Jul 16, 2019
- 1577 posts
- 1999 upvotes
Great to see XEQT and VEQT on the list. I don't think any of the other brokerages that have a selection of free ETFs (namely Qtrade and iTrade) include them.
Too bad no DLR. Poor Norbert.
Too bad no DLR. Poor Norbert.
- myinglin0318
- Deal Addict
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- Mar 22, 2013
- 1859 posts
- 880 upvotes
- Markham
I don’t have any accounts with BMO. If I open an Investorline TFSA account, there won’t be any account fees and minimum balance?
I only want to buy and hold X/VEQT. AFAIK, there’s no way to automate buying of the said ETFs? I am currently automating everything with the TD e-Series for the peace of mind and then buy the ETF year end.
I only want to buy and hold X/VEQT. AFAIK, there’s no way to automate buying of the said ETFs? I am currently automating everything with the TD e-Series for the peace of mind and then buy the ETF year end.
RTX 4090 FE & 5800X3D
- xgbsSS
- Deal Fanatic
-
- May 11, 2014
- 6166 posts
- 8466 upvotes
- Rankin Inlet, NU
There is an automatic way for XEQT (iShares ETFs) through PACC. Technically any brokerage can do this for free after the initial purchase. After you hold at least one unit, you can buy it through automatic cash purchase.myinglin0318 wrote: ↑I don’t have any accounts with BMO. If I open an Investorline TFSA account, there won’t be any account fees and minimum balance?
I only want to buy and hold X/VEQT. AFAIK, there’s no way to automate buying of the said ETFs? I am currently automating everything with the TD e-Series for the peace of mind and then buy the ETF year end.
https://www.blackrock.com/ca/investors/en/drip-pacc-swp
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- myinglin0318
- Deal Addict
-
- Mar 22, 2013
- 1859 posts
- 880 upvotes
- Markham
I just checked and unfortunately XEQT is not eligible for PACC.xgbsSS wrote: ↑ There is an automatic way for XEQT (iShares ETFs) through PACC. Technically any brokerage can do this for free after the initial purchase. After you hold at least one unit, you can buy it through automatic cash purchase.
https://www.blackrock.com/ca/investors/en/drip-pacc-swp
RTX 4090 FE & 5800X3D
- xgbsSS
- Deal Fanatic
-
- May 11, 2014
- 6166 posts
- 8466 upvotes
- Rankin Inlet, NU
Ah sorry, but keep checking. XGRO wasn't available for a while and it got added.myinglin0318 wrote: ↑ I just checked and unfortunately XEQT is not eligible for PACC.
I would just buy it by logging in and doing it yourself. I find using PACC gets annoying because you can't make changes easily and you have to submit a new form etc.
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