The Bank of Montreal, or BMO, is one of the largest banks in Canada. Its BMO Global Asset Management program offers nearly one hundred different ETFs for Canadian investors.
BMO ETFs cover a wide range of investing styles. From equity to dividend income to commodities, the BMO ETF portfolio is a diverse one.
In this article, I will cover 17 of the best BMO ETFs in Canada for investors to consider. We will look at the focus of each BMO ETF, key facts, and recent performance.
Best BMO ETFs List
Choosing the best BMO ETF depends on your personal risk tolerance and long-term investing goals.
No matter what your ultimate goal is, BMO has an ETF for you. You can find BMO ETFs that focus on the Canadian equities market or even diversify to an international allocation.
For this article, we will look at the following types of BMO ETFs:
- BMO Equity ETFs
- BMO Fixed Income ETFs
- BMO Asset Allocation ETFs
- BMO Commodities ETFs
Of course, this does not cover the entirety of BMO’s ETF Portfolio, but it provides a great starting point if you want to choose a BMO ETF to add to your watchlist.
These are the BMO ETFs that will be covered in this article:
- BMO S&P/TSX Capped Composite Index ETF (ZCN)
- BMO Canadian Dividend ETF (ZDV)
- BMO Low Volatility Canadian Equity ETF (ZLB)
- BMO S&P 500 Index ETF (ZSP)
- BMO NASDAQ 100 Equity Index ETF (ZNQ)
- BMO Aggregate Bond Index ETF (ZAG)
- BMO Discount Bond Index ETF (ZDB)
- BMO Short-Term Bond Index ETF (ZSB)
- BMO Short-term Discount Bond ETF (ZSDB)
- BMO Global Strategic Bond Fund (ZGSB)
- BMO Growth ETF (ZGRO)
- BMO Balanced ETF (ZBAL)
- BMO All-Equity ETF (ZEQT)
- BMO Conservative ETF (ZCON)
- BMO Balanced ESG ETF (ZESG)
- BMO Equal Weight Global Gold Index ETF (ZGD)
Best BMO Equity ETFs in Canada
1. BMO S&P/TSX Capped Composite Index ETF (ZCN)
For Canadian investors looking to get exposure to some of the largest Canadian stocks, ZCN is an excellent equity ETF to own.
ZCN was founded back in 2009 and trades on the Toronto Stock Exchange in Canadian dollars.
In terms of performance, ZCN has had an annualized average performance return of 9.23% per year since its inception. On a cumulative basis, ZCN has returned 210.74% since inception, not including dividend reinvestment.
Here are the top ten holdings for ZCN:
| Ticker Symbol | Stock Name | Allocation |
| RY | Royal Bank of Canada | 6.09% |
| TD | Toronto Dominion Bank | 5.54% |
| ENB | Enbridge Inc | 3.73% |
| BNS | Bank of Nova Scotia | 3.31% |
| BAM | Brookfield Asset Management | 3.23% |
| BMO | Bank of Montreal | 3.03% |
| CNR | Canadian National Railway | 2.95% |
| CNQ | Canadian Natural Resources | 2.95% |
| CP | Canadian Pacific Railway | 2.75% |
| SHOP | Shopify Inc | 2.75% |
Here are some key facts for ZCN:
- MER: 0.06%
- Number of stocks: 240
- Dividend yield: 2.86%
- Distribution frequency: Quarterly
- 1-year performance: 21.21%
- Eligibility: All registered and non-registered accounts
As you might have noticed, ZCN has one of the lowest MERs in the ETF industry at 0.06%. The 240 Canadian stocks it holds provide a nice broad sector exposure to the Toronto Stock Exchange.
2. BMO Canadian Dividend ETF (ZDV)
ZDV is another Canadian equity ETF that was founded back in 2011 and trades on the Toronto Stock Exchange.
The ZDV ETF provides Canadian investors with exposure to some of the largest dividend-paying stocks in Canada.
Since ZDV holds high dividend paying stocks, it has high exposure to the financial and energy sectors.
On an average annualized basis, ZDV has returned 8.38% to investors, and on a cumulative basis, it has returned 131.89% in total, not including dividend reinvestment.
Here are some key facts about ZDV:
- MER: 0.39%
- Number of stocks: 51
- Dividend yield: 3.88%
- Distribution frequency: Monthly
- 1-year performance: 27.11%
- Eligibility: All registered and non-registered accounts
And here are the top ten holdings for ZDV:
| Ticker Symbol | Stock Name | Allocation |
| ENB | Enbridge Inc | 5.28% |
| BCE | BCE Inc | 5.17% |
| BNS | Bank of Nova Scotia | 4.80% |
| RY | Royal Bank of Canada | 4.69% |
| TD | Toronto Dominion Bank | 4.62% |
| T | Telus Corp | 4.57% |
| NTR | Nutrien Ltd | 4.38% |
| MFC | Manulife Financial Corp | 4.10% |
| CNQ | Canadian Natural Resources | 3.92% |
| CM | Canadian Imperial Bank of Commerce | 3.82% |
3. BMO Low Volatility Canadian Equity ETF (ZLB)
ZLB tracks Canadian stocks with a low volatility beta which means how much the stock moves in relation to market movements.
The ETF was established in 2011 and is traded on the Toronto Stock Exchange.
Despite being a safer ETF, the fund has an annual average return of 13.09% since inception and, on a cumulative basis, has returned 261.46%, not including dividend reinvestments.
Here are the top ten holdings for ZLB:
| Ticker Symbol | Stock Name | Allocation |
| H | Hydro One Ltd | 4.66% |
| FNV | Franco-Nevada Corp | 3.83% |
| FTS | Fortis Inc/Canada | 3.35% |
| MRU | Metro Inc/CN | 3.35% |
| EMA | Emara Inc | 3.34% |
| IFC | Intact Financial Corp | 3.22% |
| EMP/A | Empire Co Ltd | 3.21% |
| L | Loblaws Cos Ltd | 3.07% |
| ABX | Barrick Gold Corp | 2.98% |
| CU | Canadian Utilities | 2.69% |
And here are some key facts for ZLB:
- MER: 0.39%
- Number of stocks: 47
- Dividend yield: 2.49%
- Distribution frequency: Quarterly
- 1-year performance: 18.20%
- Eligibility: All registered and non-registered accounts
4. BMO S&P 500 Index ETF (ZSP)
Canadian investors looking for exposure to the US equities markets need look no further than ZSP. The intention of this ETF is to replicate the performance of the S&P 500 index.
This ETF was established in 2012 and trades on the Toronto Stock Exchange. It is a great way for Canadian investors to invest in US stocks without having to pay foreign exchange fees.
Since its inception, ZSP has provided an average annual return of 18.88% and a cumulative return of 406.17%, not including dividend reinvestment.
Here are the top ten holdings in ZSP:
| Ticker Symbol | Stock Name | Allocation |
| AAPL | Apple Inc | 6.94% |
| MSFT | Microsoft Corp | 5.86% |
| AMZN | Amazon.com Inc | 3.55% |
| TSLA | Tesla Inc | 2.26% |
| GOOGL | Alphabet Inc | 2.10% |
| GOOG | Alphabet Inc | 1.97% |
| BRK/B | Berkshire Hathaway Inc | 1.71% |
| NVDA | NVIDIA Corp | 1.52% |
| UNH | United Health Group | 1.36% |
| FB | Meta Platforms Inc | 1.34% |
As you can see, there are a lot of recognizable stocks and companies that compose the largest weighted allocations of ZSP. With over 500 stocks, the weighting is very top-heavy, which means much of the investment is in big tech stocks.
Here are some key facts for ZSP:
- MER: 0.09%
- Number of stocks: 506
- Dividend yield: 1.29%
- Distribution frequency: Quarterly
- 1-year performance: 16.36%
- Eligibility: All registered and non-registered accounts
Related: Best Canadian Penny Stocks.
5. BMO NASDAQ 100 Equity Index ETF (ZNQ)
ZNQ provides focused exposure on the 100 biggest companies in the tech-heavy NASDAQ index.
The ZNQ ETF was established in 2019 and trades on the Toronto Stock Exchange in Canadian dollars.
In its three years of existence, ZNQ has provided an average annualized return of 26.01% and a cumulative return of 105.73%.
Here are the top ten holdings of ZNQ:
| Ticker Symbol | Stock Name | Allocation |
| AAPL | Apple Inc | 12.63% |
| MSFT | Microsoft Corp | 10.13% |
| AMZN | Amazon.com Inc | 7.15% |
| TSLA | Tesla Inc | 4.83% |
| GOOG | Alphabet Inc | 3.85% |
| NVDA | NVIDIA Corp | 3.70% |
| GOOGL | Alphabet Inc | 3.64% |
| FB | Meta Platforms Inc | 3.50% |
| COST | Costco Wholesale Group | 2.01% |
| AVGO | Broadcom Inc | 1.82% |
A similar look to the heaviest-weighted stocks in the S&P 500 ETF ZSP. ZNQ allocates a higher weight to these stocks as the fund holds just over 100 stocks instead of 500 like ZSP.
Here are some key facts for ZNQ:
- MER: 0.38%
- Number of stocks: 103
- Dividend yield: 0.13%
- Distribution frequency: Annually
- 1-year performance: 14.83%
- Eligibility: All registered and non-registered accounts
ZNQ has a low emphasis on dividends and a high focus on organic stock growth. It does cover mostly tech stocks, so investors are putting their eggs into one sector basket.
Here are ten other BMO Equity ETFs to consider for Canadian investors:
| ETF Symbol | ETF Name | MER |
| ESGA | BMO MSCI Canada ESG Leaders Index ETF | 0.17% |
| ZVC | BMO MSCI Canada Value Index ETF | 0.40% |
| ZUE | BMO S&P 500 Hedged to Canada Index ETF | 0.09% |
| ZMID | BMO S&P US Mid-Cap Index ETF | 0.17% |
| ZSML | BMO S&P US Small-Cap Index ETF | 0.23% |
| ZDY | BMO US Dividend ETF | 0.33% |
| ZZZD | BMO Tactical Dividend ETF Fund | 0.75% |
| ZJPN | BMO Japan Index ETF | 0.40% |
| ZCLN | BMO Clean Energy Index ETF | 0.40% |
| ZRE | BMO Equal Weight REITS Index ETF | 0.61% |
Best BMO Fixed Income ETFs in Canada
6. BMO Aggregate Bond Index ETF (ZAG)
ZAG is a fixed-income ETF established in 2010 and trades on the Toronto Stock Exchange. It is a bond ETF that provides exposure to the bond market, which is generally seen as more stable than equities.
ZAG has a low-risk rating with an average annualized return of 3.25% and a cumulative return of 47.77%.
It holds 1,436 different Canadian Government Bonds with Total Net Assets of $6,401,207,773.00.
Here are some key facts for the ZAG ETF:
- MER: 0.09%
- Number of bonds: 1,436
- Distribution yield: 3.30%
- Distribution frequency: Monthly
- 1-year performance: -4.85%
- Eligibility: All registered and non-registered accounts
Bond ETFs like ZAG generally have a lower overall return but payout higher monthly distributions than equities.
7. BMO Discount Bond Index ETF (ZDB)
ZDB is another BMO fixed-income ETF established in 2014 and trades on the Toronto Stock Exchange.
ZDB has been designed to replicate the performance of the benchmark FTSE Canada Universe Discount Bond Index.
Since its inception, ZDB has had an average annualized return of 2.73% and a cumulative return of 24.45%.
ZDB holds 263 Canadian and Provincial Discount Bonds with Total Net Assets of $891,943,714.00.
Here are some key facts about the ZDB ETF:
- MER: 0.10%
- Number of bonds: 263
- Distribution yield: 2.34%
- Distribution frequency: Monthly
- 1-year performance: -4.82%
- Eligibility: All registered and non-registered accounts
8. BMO Short–Term Bond Index ETF (ZSB)
ZSB is a fixed income BMO ETF established in 2018 that trades on the Toronto Stock Exchange.
It is designed to replicate and track the FTSE Canada Short-Term Overall Bond Index. This fund holds Canadian Federal, Provincial, and Corporate bonds.
ZSB has returned an average annualized performance of 1.41% and a cumulative return of 5.87% to investors.
The ZSB ETF holds 422 different bonds with Total Net Assets of $88,839,671.00.
Here are some key facts for the ZSB ETF:
- MER: 0.10%
- Number of bonds: 422
- Distribution yield: 2.52%
- Distribution frequency: Quarterly
- 1-year performance: -3.41%
- Eligibility: All registered and non-registered accounts
9. BMO Short-Term Discount Bond ETF (ZSDB)
ZSDB is a fixed-income bond ETF that was established in January of 2022, making it one of BMO’s newest ETFs.
ZSDB provides Canadian investors with exposure to investment-grade short-term bonds with a maturity term between 1 to 5 years.
It holds a total of 93 bonds with Total Net Assets of $3,632,712.00.
Here are some key facts for ZSDB:
- MER: 0.10%
- Number of bonds: 93
- Distribution yield: 1.64%
- Distribution frequency: Quarterly
- 1-year performance: N/A
- Eligibility: All registered and non-registered accounts
10. BMO Global Strategic Bond Fund (ZGSB)
ZGSB is a globally focused bond fund from BMO that was established in 2018 and trades on the Toronto Stock Exchange.
It provides Canadian investors with exposure to the US and Global bond markets.
Since its inception, ZGSB has had an average annualized return of 2.78% and a cumulative return of 11.12% to investors.
ZGSB holds 348 different bonds with Total Net Assets of $10,387,584.00.
Here are some key facts about ZGSB:
- MER: 0.82%
- Number of bonds: 348
- Distribution yield: 3.85%
- Distribution frequency: Quarterly
- 1-year performance: -3.45%
- Eligibility: All registered and non-registered accounts
Note the higher MER for ZGSB since it deals with international assets.
Here are ten other BMO Fixed Income ETFs for Canadian investors to consider:
| ETF Symbol | ETF Name | MER |
| ZCPB | BMO Core Plus Bond Fund | 0.56% |
| ZMSB | BMO Sustainable Global Multi-Sector Bond Fund | 0.67% |
| ZMMK | BMO Money Market Fund ETF Series | 0.14% |
| ZGB | BMO Government Bond Index ETF | 0.17% |
| ZFS | BMO Short Federal Bond Index ETF | 0.22% |
| ZMBS | BMO Canadian MBS Index ETF | 0.17% |
| ZCB | BMO Corporate Bond Index ETF | 0.17% |
| ZJK | BMO High Yield US Corporate Bond Index ETF | 0.61% |
| ZFH | BMO Floating Rate High Yield ETF | 0.44% |
| ZBI | BMO Canadian Bank Income Index ETF | 0.28% |
Best BMO Asset Allocation ETFs in Canada
11. BMO Growth ETF (ZGRO)
ZGRO is a BMO ETF that was established in 2019 and trades on the Toronto Stock Exchange.
ZGRO has been designed to provide long-term capital growth. It is an ETF Fund, meaning it holds a basket of other diverse ETFs rather than individual stocks.
Since its inception, ZGRO has had an annual average return of 10.0% and a cumulative return of 34.68% to investors.
Here are the top then holdings in ZGRO:
| Ticker Symbol | Asset Name | Allocation |
| ZSP | BMO S&P 500 Index ETF | 34.21% |
| ZCN | BMO S&P/TSX Capped Composite Index ETF | 22.23% |
| ZEA | BMO MSCI EAFE Index ETF | 16.00% |
| ZAG | BMO Aggregate Bond Index ETF | 12.91% |
| ZEM | BMO MSCI Emerging Markets Index ETF | 6.30% |
| ZGB | BMO Government Bond Index ETF | 3.55% |
| ZMID | BMO S&P US Mid-Cap Index ETF | 2.03% |
| ZMU | BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | 1.82% |
| ZSML | BMO S&P US Small-Cap Index ETF | 0.86% |
| Cash | 0.08% |
As you can see, most of ZGRO is invested in the US benchmark S&P 500 index.
Here are some key facts for ZGRO:
- MER: 0.20%
- Number of assets: 10
- Dividend yield: 2.34%
- Distribution frequency: Quarterly
- 1-year performance: 6.70%
- Eligibility: All registered and non-registered accounts
Learn more in this detailed ZGRO review.
12. BMO Balanced ETF (ZBAL)
ZBAL was established in 2019 by BMO Global Asset Management and trades on the Toronto Stock Exchange.
It is designed to provide moderate long-term growth through a balanced approach to both equities and bonds.
Since its inception, ZBAL has had an average annualized return of 7.79% and a cumulative return of 26.41%.
Here are the top ten holdings for ZBAL:
| Ticker Symbol | Asset Name | Allocation |
| ZAG | BMO Aggregate Bond Index ETF | 26.51% |
| ZSP | BMO S&P 500 Index ETF | 26.01% |
| ZCN | BMO S&P/TSX Capped Composite Index ETF | 16.93% |
| ZEA | BMO MSCI EAFE Index ETF | 12.22% |
| ZGB | BMO Government Bond Index ETF | 7.47% |
| ZEM | BMO MSCI Emerging Markets Index ETF | 4.90% |
| ZMU | BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | 3.72% |
| ZMID | BMO S&P US Mid-Cap Index ETF | 1.58% |
| ZSML | BMO S&P US Small-Cap Index ETF | 0.67% |
| Cash | -0.02% |
Here are some key facts about ZBAL
- MER: 0.20%
- Number of assets: 10
- Dividend yield: 2.50%
- Distribution frequency: Quarterly
- 1-year performance: 3.79%
- Eligibility: All registered and non-registered accounts
Learn more in this detailed ZBAL review.
13. BMO All-Equity ETF (ZEQT)
ZEQT is an asset allocation ETF from BMO that was established in January of 2022. It is designed for investors looking for equity and long-term capital growth.
Here are the top holdings for ZEQT:
| Ticker Symbol | Asset Name | Allocation |
| ZSP | BMO S&P 500 Index ETF | 42.12% |
| ZCN | BMO S&P/TSX Capped Composite Index ETF | 26.45% |
| ZEA | BMO MSCI EAFE Index ETF | 19.75% |
| ZEM | BMO MSCI Emerging Markets Index ETF | 8.32% |
| ZMID | BMO S&P US Mid-Cap Index ETF | 2.39% |
| ZSML | BMO S&P US Small-Cap Index ETF | 0.99% |
| Cash | -0.02% |
As with most asset allocation BMO ETFs, there is a strong emphasis on US-based stocks through the benchmark S&P 500 index.
Here are some key facts for ZEQT:
- MER: 0.20%
- Number of assets: 7
- Dividend yield: 2.19%
- Distribution frequency: Quarterly
- 1-year performance: N/A
- Eligibility: All registered and non-registered accounts
Learn more in this ZEQT review.
14. BMO Conservative ETF (ZCON)
ZCON is a relatively new offering from BMO, having been established in 2019. It trades on the Toronto Stock Exchange in Canadian dollars.
ZCON is designed to provide moderate long-term capital growth through a conservative portfolio of assets. The ETF uses a combination of fixed-income ETFs and indexed equity ETFs.
Here are the top ten holdings for ZCON:
| Ticker Symbol | Asset Name | Allocation |
| ZAG | BMO Aggregate Bond Index ETF | 40.50% |
| ZSP | BMO S&P 500 Index ETF | 17.65% |
| ZCN | BMO S&P/TSX Capped Composite Index ETF | 11.50% |
| ZGB | BMO Government Bond Index ETF | 11.48% |
| ZEA | BMO MSCI EAFE Index ETF | 8.24% |
| ZMU | BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | 5.67% |
| ZEM | BMO MSCI Emerging Markets Index ETF | 3.38% |
| ZMID | BMO S&P US Mid-Cap Index ETF | 1.12% |
| ZSML | BMO S&P US Small-Cap Index ETF | 0.47% |
| Cash | -0.02% |
As you can see, ZCON has a significant allocation to bonds which provides the stability and conservative approach to long-term capital growth.
Here are some key facts for ZCON:
- MER: 0.20%
- Number of assets: 10
- Dividend yield: 2.68%
- Distribution frequency: Quarterly
- 1-year performance: 0.91%
- Eligibility: All registered and non-registered accounts
15. BMO Balanced ESG ETF (ZESG)
ZESG is a BMO ETF that is designed to provide long-term capital appreciation by holding fixed-income ETFs and global equity indexes.
It was established by BMO in 2020 and trades on the Toronto Stock Exchange.
ZESG has provided investors with an average annualized return of 6.30% and a cumulative return of 14.41%.
Here are the top holdings for ZESG:
| Ticker Symbol | Asset Name | Allocation |
| ESGY | BMO MSCI USA ESG Leaders Index ETF | 31.86% |
| ZGB | BMO Government Bond Index ETF | 24.46% |
| ESGA | BMO MSCI Canada ESG Leaders Index ETF | 16.22% |
| ESGE | BMO MSCI EAFE ESG Leaders Index ETF | 14.00% |
| ESGB | BMO ESG Corporate Bond Index ETF | 9.66% |
| ESGF | BMO ESG US Bond Hedged to CAD Index ETF | 3.73% |
| Cash | 0.07% |
ESG stands for Environmental, Social, and Governance and is a way for Canadian investors to invest in sustainable companies.
Here are some Key Facts for ZESG:
- MER: 0.20%
- Number of assets: 7
- Dividend yield: 2.21%
- Distribution frequency: Quarterly
- 1-year performance: 4.43%
- Eligibility: All registered and non-registered accounts
Best BMO Commodities ETFs in Canada
16. BMO Equal Weight Global Gold Index ETF (ZGD)
ZGD is one of BMO’s leading gold focussed ETFs and was established back in 2012 and trades on the Toronto Stock Exchange.
The ZGD ETF is designed to replicate the broader Solactive Equal Weight Global Gold Index and provides Canadian investors with exposure to gold securities.
While the ETF has performed well lately, it has an average annualized return of 1.93% and a cumulative return of 19.57%.
Here are the top holdings for ZGD:
| Ticker Symbol | Stock Name | Allocation |
| OGC | Oceanagold Corp | 3.44% |
| K | Kinross Gold Corp | 3.39% |
| KNT | K92 Mining Inc | 3.33% |
| EQX | Equinox Gold Corp | 3.32% |
| SSL | Sandstorm Gold Ltd | 3.30% |
| NEM | Newmont Corp | 3.29% |
| YRI | Yamana Gold Inc | 3.28% |
| RGLD | Royal Gold Inc | 3.27% |
| AEM | Agnico Eagle Mines Ltd | 3.26% |
| SEA | Seabridge Gold Inc | 3.24% |
And here are some key facts for ZGD:
- MER: 0.61%
- Number of stocks: 33
- Dividend yield: 0.32%
- Distribution frequency: Annually
- 1-year performance: 22.57%
- Eligibility: All registered and non-registered accounts
ZGD has a low emphasis on dividends, with only an annual distribution of 0.32%. It also has a higher MER compared to most other BMO ETFs.
17. BMO Equal Weight Oil and Gas Index ETF (ZEO)
ZEO is a BMO ETF that focuses on Canada’s oil and gas industry and was established in 2009.
The ZEO ETF is designed to replicate the performance of the benchmark Solactive Equal Weight Canada Oil and Gas Index.
ZEO has provided investors with an average annualized return of 2.24% and a cumulative return of 31.79%.
Here are the top holdings in ZEO:
| Ticker Symbol | Stock Name | Allocation |
| TOU | Tourmaline Oil Corp | 11.15% |
| IMO | Imperial Oil Ltd | 10.28% |
| KEY | Keyera Corp | 10.27% |
| ARX | ARC Resources Ltd | 10.15% |
| CVE | Cenovus Energy Inc | 9.97% |
| TRP | TC Energy Corp | 9.80% |
| CNQ | Canadian Natural Resources | 9.63% |
| PPL | Pembina Pipeline Corp | 9.62% |
| ENB | Enbridge Inc | 9.58% |
| SU | Suncor Energy Inc | 9.43% |
And here are some key facts for ZEO:
- MER: 0.61%
- Number of stocks: 11
- Dividend yield: 2.99%
- Distribution frequency: Quarterly
- 1-year performance: 73.38%
- Eligibility: All registered and non-registered accounts
How to Buy BMO ETFs in Canada
The best place to buy BMO ETFs in Canada is Questrade.
Questrade
Questrade is another popular investing platform for Canadians and offers zero-commission ETF trading for buy orders. It does charge $4.95 per sell order for ETFs, which incentivizes long-term investing.
This platform also offers stocks, options, bonds, mutual funds, and several other assets.
Questrade
Trade stocks, ETFs, options, FX, bonds, CFDs, mutual funds, etc.
Get $50 trade credit with $250 funding
Low and competitive trading fees
No quarterly inactivity fees
Access to advanced tools and trading data
Top platform for advanced traders
Transfer fees waived
Wealthsimple Trade
Wealthsimple Trade is a popular, zero-commission trading platform for Canadian investors. It provides free ETF trading and has an intuitive and easy-to-use platform for both mobile and desktop.
Wealthsimple Trade
Trade stocks and ETFs
Good trading platform for beginners
Transfer fees waived up to $150
Access to other products in one place
Qtrade
Qtrade offers zero-commission ETF trading for certain Canadian ETFs, although currently, there are no BMO ETFs on the list.
Qtrade
Up to 5% bonus cashback
Trade stocks, ETFs, options, bonds, etc.
Excellent platform for newbies and seasoned investors
Competitive trading fees
Excellent customer service
Pros of BMO ETFs
- A wide range of diverse ETFs for any investment strategy
- Low MERs for most ETFs in the Canadian industry
- Easy to buy on every Canadian platform, including Wealthsimple Trade, Questrade, and QTrade
Cos of BMO ETFs
- Too much variety can lead to investors having difficulty in choosing which ETF to buy
- Many equities ETFs can have a majority of the same holdings
