Comments on: BMO InvestorLine Review

By: Bob

Bob — Tue, 25 Oct 2011 02:25:41 +0000

So I am currently exploring Disnat. Anyone have an opinion on them?

By: Bob

Bob — Tue, 25 Oct 2011 02:21:19 +0000

I have both BMO Investorline and CIBC Investor’s Edge accounts, 15 years with the former and one year with the latter. I am a long term conservative investor with a few trades every week. I am currently searching for another discount broker, need I say more?

BMO – always polite, but I lost trust in them. They lost my transfer form containing sensitive info. Sometimes they don’t credit dividends so you have to watch out, and they mail T-slips very late, often way past the tax deadline.

CIBC – lack manners. Unstable website, frequently out of order around 10:30 am, or would act up in the most random way. The trade entry is horridly designed. A nightmare interface, not user friendly and frustrating to use. They confuse user ID with account number which is pathetic.

By: J.D

J.D — Thu, 20 Oct 2011 19:19:28 +0000

Anyone tried CIBC investors edge? I am thinking about to open an account from them . Are they good?
Thx

By: W.N. Cafferata

W.N. Cafferata — Sun, 09 Oct 2011 03:16:05 +0000

Dear BMO:
I have been trying for twenty minutes to log inot my account.

No success.

Why do you hide the sign in page among so much other stuff?

Regards, Bill

By: BMO InvestorLine: A Weaker Canadian Choice | Personal Finance Analyst

BMO InvestorLine: A Weaker Canadian Choice | Personal Finance Analyst — Sun, 11 Sep 2011 03:44:14 +0000

[...] doesn’t get a spotless review from all investors, either. First of all, their near $30 fee for the first 1,000 interactions [...]

By: BMO InvestorLine to allow U.S. Dollar Registered Accounts | Canadian Capitalist

Mon, 22 Aug 2011 03:58:40 +0000

[...] InvestorLine (read review here) will soon allow clients to segregate their Canadian and US Dollar holdings in registered accounts [...]

By: Ray Demarchi

Ray Demarchi — Fri, 12 Aug 2011 18:41:51 +0000

The differences in the various online brokerages seem marginal except for the higher than average trading fee. One thing about switching sites is the time that it takes to become familiar with the new site. Each has their own idiosyncrasies which become more difficult to understand and work with as one gets older. Despite the odd bump in BMO’s Investorline road, I intend to stick with them.

RAD

By: Peter

Peter — Thu, 04 Aug 2011 19:52:13 +0000

I used Investorline & TDW for many years, finally became frustrated with BMO and decided to try Scotia iTrade discount brokerage. I cannot begin to tell you what a horrible mistake that was, but who was to know? Please take my advice and avoid Scotia. I do not believe everyone will have the same horrible experience, but why take a chance???

Scotia is the brokerage from hell. Data is frequently lousy, glitchy, customer service is NOT knowledgeable (high turn-over?). Reported issues & discrepancies went unfixed for the whole time I was with them (>year). Quotes not updated for many stocks. I used comparitive quotes from other sources and found Scotia fails in a major way. DO NOT TRUST THEIR DATA! Calling customer service was a dead end, a vast black hole of wasted time. Their promises usually fell through. But that is the least of it though.

DO NOT SHORT STOCKS WITH SCOTIA!!!! A former employee told me he knew of instances where they take shares from the discount clients (many times forcing a loss) and gave to their brokerage clients when the brokerage clients demand them (IE not triggered by margin or otherwise), and then lied to their discount clients. Certainly unethical, but isn’t this criminal??? What other atrocities do they commit?

If you ever get into a tough predicament, as it seems you will with most on-line brokerages judging by all the reviews I have read, I can tell you first-hand that Scotia is the worst I have experienced and heard of and can possibly imagine, and I feel BMO seemed at least much more ethical and for the most part fair. I am still searching for a better brokerage though.

(PS I used TDW sparingly so I cannot comment too much on them, but they seem to be at roughly the same level as BMO).

By: Deb Heap

Deb Heap — Tue, 08 Feb 2011 21:50:40 +0000

I was quite surprised to read the original review of Investorline comments that staff were prompt, knowledgeable and had the authority and technical no how to fix problems. My experience has been exactly the opposite. They have a few employees that might fit this bill, but 90% of my experience has been NO, or NO we can’t do that, or NO we won’t do that; but we will refer your comments to our black hole that no one in our organization ever considers or looks at (last part is obviously my thoughts and not their comments). The one thing I can say is they are always very polite when they are saying NO.

By: a kim

a kim — Fri, 03 Dec 2010 19:18:02 +0000

I’ve been an Investorline user for 12 years and an Active Trader for over a year, currently making over 100 trades a month. My frustration with Investorline is skyrocketing. If you trade penny stocks, run, don’t walk from Investorline. This platform can not accurately record half penny prices. Their third-party Streamer, is buggy and amateurish, and can not record half penny stock prices. I have written repeatedly over the past year and, not only have they done nothing about it, they always make it sound like it’s the first time they’ve heard about it.