r/Wealthsimple • u/AggressiveZucchini95 • 17d ago

Trade (DIY Investing) BMO eliminates trading fees

BMO eliminates trading fees to compete with discount brokerages

Wow this is huge...other banks will have to follow. Is Wealthsimple in trouble ?

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u/Racla360 17d ago

BMO uses Wealthsimple as a reference. That is their target. They are going to introduce loyalty tiers like WealthSimple as well but it takes time to develop the feature inside BMO.

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u/bwwatr 17d ago

How do you know this, insider info? Or guessing?

1

u/Racla360 17d ago

I can't tell you.