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Side-by-Side Comparison Independent Updated Oct 28, 2026

BMO InvestorLine vs Interactive Brokers 2026: Which Broker is Better?

Compare BMO InvestorLine and Interactive Brokers side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

BMO InvestorLine

Interactive Brokers

Higher ratedInteractive Brokers logo

Interactive Brokers

4.4/ 5
Visit Interactive Brokers →Full review
VS
BMO InvestorLineInteractive Brokers
BrokerRank Score2.9/54.4/5 ✓
Min. Deposit$0$0
Spread from0 pips ✓0.2 pips
Max Leverage1:5 ✓1:4
RegulationIIROC, CIPFSEC, CFTC, FCA ✓
PlatformsProprietary Web, Proprietary Mobile, advancedDashboardProprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
BMO InvestorLineInteractive Brokers
Best for Low Fees
BMO InvestorLineInteractive Brokers
Best for Regulation
Interactive BrokersBMO InvestorLine
Best Overall
Interactive BrokersBMO InvestorLine
Quick Answer

Interactive Brokers is the better choice overall, scoring 4.4/5 vs 2.9/5 on BrokerRank's independent rating. On fees, BMO InvestorLine offers lower spreads (0 pips).

See full side-by-side comparison below

BMO InvestorLine vs Interactive Brokers: Key Differences

Feature

BMO InvestorLine

Interactive Brokers

Winner
Our Rating
2.9 / 5
4.4 / 5
Min. Deposit
$0
$0
Max Leverage
Spread From
0 pips
0.2 pips
Commission
$9.95/lot
$0.005/lot
Regulated By
IIROCCIPF
Platforms
Proprietary Web, Proprietary Mobile, advancedDashboard
Proprietary Web, Proprietary Mobile
Markets
Stocks, Etf, Indices
Stocks, Forex, Cfd, Indices, Commodities
Founded
1988
1978
Headquarters
Toronto, Canada
Greenwich, USA
Score
1 / 4
3 / 4

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Fees Comparison

Fee

BMO InvestorLine

Interactive Brokers

Spread From
0 pips
0.2 pips
Commission
$9.95/lot
$0.005/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

BMO InvestorLine scores 2.91/5 while Interactive Brokers scores 4.43/5 in our independent rating.

Interactive Brokers edges ahead overall, but BMO InvestorLine may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.

Who Should Choose Which?

BMO InvestorLine

BMO InvestorLine

2.9/5

Choose BMO InvestorLine if you want…

  • Tighter spreads (from 0 pips)
  • Higher leverage (up to 1:5)
  • More platforms (3 supported)
Interactive Brokers

Interactive Brokers

4.4/5

Top pick

Choose Interactive Brokers if you want…

  • Higher overall rating (4.4/5)
  • More regulatory licences (5)
  • More market types (5)
  • More established (est. 1978)

Also consider

View all rankings

We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.

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ForTrade
4.3
FCA
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#2FxPro logo
FxPro
4.1
FCA
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#3Plus500 logo
Plus500
4.0
MAS
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80% of retail CFD accounts lose money.

#4AvaTrade logo
AvaTrade
4.0
MAS
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#6XM logo
XM
3.9
Visit

Both BMO InvestorLine & Interactive Brokers are available in

Frequently Asked Questions

1

Is BMO InvestorLine better than Interactive Brokers?

Interactive Brokers scores higher overall on our independent rating system. BMO InvestorLine holds a 2.9/5 rating vs Interactive Brokers's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, BMO InvestorLine or Interactive Brokers?

BMO InvestorLine offers spreads from 0 pips, while Interactive Brokers starts at 0.2 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for BMO InvestorLine vs Interactive Brokers?

BMO InvestorLine requires a minimum deposit of $0. Interactive Brokers requires $0.

4

Which broker is safer, BMO InvestorLine or Interactive Brokers?

BMO InvestorLine is regulated by IIROC, CIPF, while Interactive Brokers holds licences from SEC, CFTC, FCA, MAS, ASIC.

5

What trading platforms do BMO InvestorLine and Interactive Brokers support?

BMO InvestorLine supports Proprietary Web, Proprietary Mobile, advancedDashboard. Interactive Brokers supports Proprietary Web, Proprietary Mobile.

6

Can I use both BMO InvestorLine and Interactive Brokers?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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