Does BMO InvestorLine allow copy trading?

Not automatically through TrueFills today. BMO InvestorLine supports a read-only connection, which means a record held at BMO InvestorLine can be read and verified, but no order can be placed in the account. You can still follow a strategy and place its trades yourself, and you can publish a verified record of your own BMO InvestorLine trading.

Does TrueFills see my BMO InvestorLine password?

No. The sign-in happens on BMO InvestorLine’s own page, and TrueFills receives a connection rather than your credentials. You can revoke it at BMO InvestorLine or here, independently.

Where does my money sit?

In your own BMO InvestorLine account, throughout. TrueFills never takes custody of funds and cannot move money out of a brokerage account. A trading connection can place orders; it cannot withdraw.

Letting a strategy trade your account is free during the beta. Its trades on their own cost whatever its creator charges. Connecting a brokerage is $5 a month for each one. Listing a strategy and keeping its record is free.

Copy trading on BMO InvestorLine

With your BMO InvestorLine account, TrueFills can

Verify your record.

Trades are read from the BMO InvestorLine account itself and sealed daily into a public chain, so your BMO InvestorLine trading becomes a track record anyone can check rather than a screenshot anyone can make. It is what a prop firm asks for, and your money never moves: the connection reads the account and nothing else.

A strategy cannot place orders in your BMO InvestorLine account yet. BMO InvestorLine supports a read-only connection, which is the brokerage's side of the integration rather than a setting here.

Connect BMO InvestorLine Compare every brokerage

What the connection can do

reported by BMO InvestorLine, not by us

Verify a record held hereYes

Trades are read from the BMO InvestorLine account itself and sealed daily into a public chain, so a track record built there is checkable by anyone rather than taken on your word.

How current the record isLive

The connection reports the account as it changes, so a day's trades are sealed the day they happen.

What it holdsStocks and ETFs

Equities and funds, which is what the strategies here trade.

Connection statusGenerally available

A fully released integration, not a preview.

Place a strategy's tradesNot yet

BMO InvestorLine currently supports a read-only connection. TrueFills can see the account and its trades, and cannot place an order in it. This is the brokerage's side of the integration, not a setting you can turn on.

Fractional sharesNo

BMO InvestorLine takes whole shares only. On a small allocation an order rounds up to one share, which makes that position heavier than the strategy's own weighting.

What you can do today

A read-only connection is worth having on its own, and it is the whole of what BMO InvestorLine allows today.

Publish a verified record

Connect BMO InvestorLine read-only and your own trading becomes a broker-sourced record, sealed daily. It is what a prop firm asks for.

Follow and place by hand

Subscribe to a strategy and take its trades yourself. The record stays checkable either way.

Automate somewhere else

If you want a strategy to trade for you, it has to be an account at a brokerage that supports a trading connection.

Whichever you do, the record behind it is read from the brokerage account that placed the trades, sealed daily into a hash chain published in full, and recomputable in your own browser. Recompute a chain or read how a record is verified.

Questions about BMO InvestorLine

Does BMO InvestorLine allow copy trading?: Not automatically through TrueFills today. BMO InvestorLine supports a read-only connection, which means a record held at BMO InvestorLine can be read and verified, but no order can be placed in the account. You can still follow a strategy and place its trades yourself, and you can publish a verified record of your own BMO InvestorLine trading.
Does TrueFills see my BMO InvestorLine password?: No. The sign-in happens on BMO InvestorLine’s own page, and TrueFills receives a connection rather than your credentials. You can revoke it at BMO InvestorLine or here, independently.
Where does my money sit?: In your own BMO InvestorLine account, throughout. TrueFills never takes custody of funds and cannot move money out of a brokerage account. A trading connection can place orders; it cannot withdraw.
What does it cost?: Letting a strategy trade your account is free during the beta. Its trades on their own cost whatever its creator charges. Connecting a brokerage is $5 a month for each one. Listing a strategy and keeping its record is free.

All supported brokerages Copy trading on Alpaca Paper Copy trading on AJ Bell BMO InvestorLine’s own site

TrueFills is not affiliated with BMO InvestorLine. Capabilities are reported by the brokerage connection and can change. Trading involves risk of loss, and past performance, live or simulated, does not guarantee future results.