BMO Capital Markets Account Types

BMO Capital Markets offers a variety of broker accounts tailored to meet the diverse needs of different types of investors. These account types include:

• Proprietary Trader Accounts: Designed for individual traders who wish to trade on their own behalf using their own capital.
• Investment Advisor Accounts: Suitable for financial advisors who manage investments on behalf of clients.
• Wealth Manager Accounts: Tailored for wealth management firms that require a comprehensive suite of services for their clients.
• Institutional User Accounts: For institutional clients needing advanced trading solutions and access to global markets.
• Commercial Hedger Accounts: Specifically for businesses looking to hedge against market risks.

These accounts provide access to a wide range of products including OTC swaps, options, managed futures, and futures.

BMO Capital Markets Broker Account Opening Process

Opening an account with BMO Capital Markets involves several steps:

• Determine Account Type: Identify which type of account best suits your trading needs (e.g., proprietary trader, investment advisor).
• Gather Required Documentation: Prepare necessary documentation, which may include identification, proof of address, and financial statements.
• Contact BMO Capital Markets: Reach out to BMO Capital Markets to express your interest in opening an account. This can be done via their website or by contacting their customer service.
• Complete Application: Fill out the required application forms provided by BMO Capital Markets. Ensure all information is accurate and complete.
• Account Approval: After submission, BMO will review your application. Once approved, you will receive your account details.
• Fund Your Account: Deposit the required minimum balance to activate your trading account.
• Begin Trading: Once your account is funded, you can start trading using BMO's trading platform.

For more detailed information, please visit BMO Capital Markets.