Tool Comparison
BMO InvestorLine vs Wealthsimple
- Paid from
- —
- Free plan
- No
- Platforms
- Web, Mobile
Best if
Pick BMO InvestorLine if
BMO InvestorLine
Transaction-priced · Fees vary by offer and jurisdiction · Web · Mobile
Pick Wealthsimple if
Wealthsimple
Transaction-priced · Fees vary by offer and jurisdiction · Web · Mobile
Skip both if: These two cover the same ground; it really comes down to price and which interface you enjoy using.
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Our take
The bottom line
BMO InvestorLine and Wealthsimple cover a lot of the same ground (5 shared categories, including brokerage, portfolio, and watchlist), so for the basics you won't go far wrong with either. On paper they're closely matched, so let pricing, platform fit, and the details below break the tie.
What readers say
BMO InvestorLine
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Wealthsimple
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Key differences at a glance
- Asset coverage
- BMO InvestorLineAdds mutual funds and bonds
What BMO InvestorLine does best
- Canadian and U.S. stocks and ETFs with standard and active pricing.
- More than 100 selected ETFs eligible for conditional $0 commissions.
- Options, mutual funds, bonds, GICs, CDRs, precious metals and IPO access.
- CAD and USD non-registered and major Canadian registered accounts.
- BMO bank transfers, external bill payments and account transfers.
What Wealthsimple does best
- Canadian and U.S. listed stocks and ETFs with $0 stated online commission.
- Supported stock and ETF fractional market orders from $1.
- TFSA, FHSA, RRSP, spousal RRSP, RRIF, LIRA, LIF, RESP and non-registered trading accounts.
- CAD and optional USD accounts with separate currency-conversion rules.
- Listed equity and ETF options with $0 standard contract fees, subject to specialized charges.
Side by side
Pricing comparison
See for yourself
Side by side
Price, platforms, data, and market coverage.ShowHide
Side by side
| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Transaction-priced · Fees vary by offer and jurisdiction | Transaction-priced · Fees vary by offer and jurisdiction |
Free tier | No | No |
Free trial | — | — |
| Platforms & access | ||
Web app | Yes | Yes |
Mobile app | Yes | Yes |
API access | No | No |
| Audience & fit | ||
Experience level | Beginner, Intermediate, Advanced | Beginner, Intermediate, Advanced |
Best for | — | — |
Categories covered | 5 | 5 |
Regions | North America | North America |
| Try it | Visit BMO InvestorLine | Visit Wealthsimple |
Standout features
The best features of BMO InvestorLine and Wealthsimple.ShowHide
Standout features
What BMO InvestorLine does best
- Canadian and U.S. stocks and ETFs with standard and active pricing.
- More than 100 selected ETFs eligible for conditional $0 commissions.
- Options, mutual funds, bonds, GICs, CDRs, precious metals and IPO access.
- CAD and USD non-registered and major Canadian registered accounts.
- BMO bank transfers, external bill payments and account transfers.
What Wealthsimple does best
- Canadian and U.S. listed stocks and ETFs with $0 stated online commission.
- Supported stock and ETF fractional market orders from $1.
- TFSA, FHSA, RRSP, spousal RRSP, RRIF, LIRA, LIF, RESP and non-registered trading accounts.
- CAD and optional USD accounts with separate currency-conversion rules.
- Listed equity and ETF options with $0 standard contract fees, subject to specialized charges.
All details
Every attribute we track for BMO InvestorLine and Wealthsimple.ShowHide
All details
| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | StocksETFsOptionsMutual FundsBondsCommodities | StocksETFsOptionsCommodities |
Experience | BeginnerIntermediateAdvanced | BeginnerIntermediateAdvanced |
Regions | North America | North America |
Coverage details | Countries: CAIdentifiers: Ticker and CUSIP | Countries: CAIdentifiers: Ticker |
| Access & integrations | ||
Export formats | CSVPDF | CSVPDF |
| Plans & trust | ||
Vendor & support | BMO InvestorLine Inc.Country: CanadaSupport: Phone and Chat | Wealthsimple Investments Inc.Country: CanadaSupport: Chat, Phone, and Email |
Green tags are exclusive to that tool in this comparison.
Pricing
Plans, billing, free trials, and monthly prices.ShowHide
Pricing
| Tier | ||
|---|---|---|
| Free plan | — | Free“Core self-directed brokerage” |
Questions we keep getting
What's the difference between BMO InvestorLine and Wealthsimple?
BMO InvestorLine leans toward brokerage, portfolio, and watchlist, while Wealthsimple puts more weight on brokerage, portfolio, and watchlist. They overlap in 5 categories, so for most people it comes down to workflow preference and price.
How much do BMO InvestorLine and Wealthsimple cost?
Neither has a free plan; you'll need a paid subscription for the full feature set of either. Check each tool's current plan details before buying.
What asset classes do BMO InvestorLine and Wealthsimple cover?
Both cover stocks, ETFs, options, and commodities. BMO InvestorLine also handles mutual funds and bonds.
Can I export data from BMO InvestorLine and Wealthsimple?
Yes, both export to spreadsheets (CSV), which is handy if you like running your own numbers.
Can I track my portfolio with BMO InvestorLine or Wealthsimple?
Yes, both do portfolio tracking: holdings, performance, and allocation in one place.
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