Updated September 28, 2026 · BrokerCue Editorial Team
BMO InvestorLine vs Webull
BMO InvestorLine vs Webull: the differences
| Compare |  BMO InvestorLine |  Webull |
|---|---|---|
| Stock trade fee | CA$0 | $0 |
| Markets | Stocks, ETFs, Options, Bonds, Funds | Stocks, ETFs, Options, Futures, Crypto, Bonds, FundsCovers more |
| Options contract fee | CA$0.90 | $0 |
| Deposit and withdrawal fees | $0 EFT, $10 wire | $0 incoming stock transfer |
| Account fee | CA$0 | Not confirmed |
| Inactivity fee | CA$0 | Not confirmed |
| Regulators | Not confirmed | FINRA, SEC, SIPC |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Currency conversion fee | 0.4% to 1.6% | Not confirmed |
| Margin rate | 8.75% | Not confirmed |
| Platforms | Not confirmed | Desktop, Mobile, Web |
| Account types | Not confirmed | IRA |
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Key differences
- Webull scores higher overall: 9.6 vs 9.4.
- Markets: only Webull offers Futures, Crypto.
- Support channels: only BMO InvestorLine offers Chat.
- Support channels: only Webull offers Email, Help centre.
- Features: only Webull offers Crypto, Demo account, Fractional shares.
Our verdict on each
BMO InvestorLine
BMO InvestorLine suits Canadian investors who want a bank-backed broker without account or inactivity charges, trading stocks and ETFs commission free. What sets it apart is the pairing of a CAD 0 stock trade fee with a CAD 0 account fee, though currency conversion and options add cost.
Webull
Webull suits US retail investors who want a single app for stocks, options, futures, crypto and retirement saving, and the fee line is the draw: a stock trade costs $0. Investor protection is SIPC up to USD 500,000, though the account range is narrow.
Score breakdown
| Area | BMO InvestorLine | Webull |
|---|---|---|
| Cost | 9.2Commission-free stock and ETF trades, no account fee and no inactivity fee, with options and margin priced separately at CAD 0.90 and 8.75%. | 9.7Higher |
| Offer | 9.2 | 9.3Higher |
| Trust | 9.6 | 9.8Higher |
Availability and regulation
| Country | BMO InvestorLine | Webull |
|---|---|---|
| United States | Not confirmed | SIPC SIPC member 71394 |
Where these facts come from
BMO InvestorLine
- finder.com: 5 facts, checked September 26, 2026
- newsroom.bmo.com: 3 facts, checked September 26, 2026
- hellosafe.ca: 2 facts, checked September 26, 2026
- stockwatch.com: 1 fact, checked September 26, 2026
- wowa.ca: 1 fact, checked September 26, 2026
Webull
- webull.com: 9 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
How they place
| Ranking | BMO InvestorLine | Webull |
|---|---|---|
| Stock and ETF brokers | 43 of 490 | 36 of 490 |
| Options trading platforms | 13 of 103 | 8 of 103 |
Every fact side by side
| Fact | BMO InvestorLine | Webull |
|---|---|---|
| Features | Mobile app, Options | Crypto, Demo account, Fractional shares, Options, Futures, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Legal entity | Not confirmed | WEBULL FINANCIAL LLC |
| Founded | 1988 | Not confirmed |
| Support channels | Phone, Chat | Email, Phone, Help centre |
Where each stands against the rest
| Fact | BMO InvestorLine | Webull | Median |
|---|---|---|---|
| Account fee | CA$0below the median | Not confirmed | CA$60 |
| Currency conversion fee | 0.4% to 1.6%at the median | Not confirmed | 0.4 |
| Margin rate | 8.75%below the median | Not confirmed | 8.79% |
Median across 25 listed brokers.
Pros and cons
BMO InvestorLine
Pros
- Stock and ETF trades cost CAD 0 and the account fee is CAD 0, so holding a portfolio costs nothing.
- The inactivity fee is CAD 0, so an untouched account is not charged.
- Support runs on phone and chat, giving a phone line and live chat.
Cons
- Margin borrowing is priced at 8.75%, so a leveraged position carries a borrowing cost.
- Options contracts carry a fee of CAD 0.90 each.
- Currency conversion is the hidden cost, at 0.4% to 1.6%, and deposits and withdrawals run $0 EFT, $10 wire.
Webull
Pros
- A stock trade costs $0 and an options contract $0 on the ira account.
- Investor protection is SIPC up to USD 500,000, with registration under FINRA, SEC and SIPC.
- A single app covers stocks, etfs and options, so shares, bonds, funds, options, futures and crypto sit together.
Cons
- Support runs on email, phone and help centre, with no live chat listed.
- Account choice is narrow, with ira the only type listed.
- Across the brokers compared, the middle retail loss share is 70.15% and the top of the range 88%.
Who each suits
BMO InvestorLine
Who it suits
- Investors who want a long term stock, ETF, bond and fund portfolio without a standing account charge.
- Traders who mainly trade Canadian equities and want phone and chat support for questions.
- Anyone already inside a bank relationship who values a long operating history.
Who should look elsewhere
- Day traders who live in currencies other than the Canadian dollar and would feel the 0.4% to 1.6% on every conversion.
- Options buyers who place frequent contracts and would pay CAD 0.90 each time.
- Leveraged traders, because margin costs 8.75%.
Webull
Who it suits
- US retail investors who want stocks, options, futures and crypto under a single login
- Beginners using the demo account in crypto, demo account and fractional shares before committing money
- Retirement savers who want $0 stock trades in the same app
Who should look elsewhere
- eToro, if you want forex and CFDs, since stocks, etfs and forex include them
- CFI, if your focus is forex and CFDs rather than stocks, etfs and options
- Vantage, if you trade metals and CFDs, which its forex, cfds and stocks cover
Country by country
| Country | BMO InvestorLine | Webull |
|---|---|---|
| United States | No | Yes |
Questions about each
BMO InvestorLine
How much does it cost to open and hold a BMO InvestorLine account?+
The account fee is CAD 0 and the inactivity fee is CAD 0, so there is no standing or dormant charge on the account. Stock and ETF trades themselves cost CAD 0. The costs that do appear are on currency conversion, options and margin.
What does it cost to trade a stock or an ETF?+
Stock and ETF trades are commission free, priced at CAD 0. The platform is listed as a commission-free model. Costs appear elsewhere: currency conversion at 0.4% to 1.6%, options at CAD 0.90 per contract, and margin at 8.75%.
Webull
What does it cost to trade?+
A stock trade costs $0 and an options contract $0, on the ira account. The pricing model is commission free, and incoming stock transfers are free. Costs stay low, though they do not decide whether a trade makes money.
Is my money protected if the firm fails?+
Accounts sit with WEBULL FINANCIAL LLC. Investor protection is SIPC up to USD 500,000, and registration with FINRA, SEC and SIPC applies, with SIPC membership listed as SIPC member 71394. Low costs do not change that, so weigh the retail loss figures before you trade.
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