Trading Inquiries
- How do I place my first trade?
- Can I get real-time quotes?
- What types of orders can I place online? Do you support sell on stop orders?
- Can I retrieve quotes or place orders on US Over-The-Counter securities?
How do I place my first trade?
Payment is required to be made in advance of first trades. For margin accounts, please ensure that the amount required to meet BMO InvestorLine's prescribed margin requirement is in your account before making your first trade.
Here's how you can deposit funds into your BMO InvestorLine account:
For Cash/Margin Investment Accounts:
You can use the AccountLink® service to deposit funds. AccountLink Service consists of your regular securities account at BMO InvestorLine and a BMO Bank of Montreal Canadian Dollar Chequing account and, if requested a US Dollar Chequing Account. AccountLink is a service that we include for all investment (non-registered) accounts at BMO InvestorLine. It is designed to give you quick and easy access to the cash in your investment account and to provide you with a convenient way to settle your trades.
You can contact us by phone and arrange for funds to be transferred from your BMO Bank of Montreal bank account or transfer funds between accounts online through BMO Bank of Montreal Online Banking.
You can also mail us a cheque. Make sure your BMO InvestorLine account number is on the cheque. Please note that your cheque must clear before you can place a trade.
For RRSP Accounts:
You can contact us by phone and arrange for funds to be transferred from your BMO Bank of Montreal bank account or your BMO InvestorLine cash/margin investment account.
You can also mail us a cheque. Make sure your BMO InvestorLine account number is on the cheque. Please note that your cheque must clear before you can place a trade.
Once your funds are in your BMO InvestorLine account, you can place a trade:
- over the Internet by signing into your account, or
- by contacting a BMO InvestorLine representative at 1 888 776 6886 during our business hours from 8:00 a.m. - 8:00 p.m. ET, Monday to Friday.
Can I get real-time quotes?
Free real-time quotes are available only to BMO InvestorLine clients once they are signed into their account online or through our Automated Telephone Trading system. Otherwise quotes are 20 minutes delayed.
What types of orders can I place online? Do you support stop orders?
You can place equity, options and mutual fund orders online. For equity orders, you can place buy, sell, or sell short orders at either market or at limit price. You can also place stop orders on those markets which support this type of order.
Can I retrieve quotes or place orders on US Over-The-Counter securities?
Online quotes and trading is available for Pink Sheets and US Over-The-Counter Bulletin Board (OTC-BB) securities. Due to the speculative nature of these markets, please be aware that a very high degree of risk is involved when investing. For more information, please visit www.otcbb.com and www.pinksheets.com.
