How to Set Your Trading Password for a BMO InvestorLine Account

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BMO InvestorLine has reasonably good security for its accounts. This includes having a Trading Password as well as a sign in password. Here’s how to set (or change) your trading password for your InvestorLine account.

This procedure applies to RESP, RRSP, RRIF, TFSA and other types of InvestorLine accounts.

We recently opened a RESP account at InvestorLine so this is one of the tasks I had to deal with.

Setting Your Trading Password for a BMO InvestorLine Account

You should know

  • the password you created during your account application process or
  • the longer term password you set when you first signed in to your InvestorLine account.

Using that password, sign In to your InvestorLine account.

If you have more than one InvestorLine account, make sure the correct type of account is shown in the drop-down list at the top right of the screen. You don’t want to accidentally change your TFSA trading password when you thought you were changing your RESP password.

  1. Click on the Account Services tab.
  2. From the list, under Password Management, click on Trading.
    The Change Trading Password screen opens.
  3. Double check the Account Number: is correct.
  4. In the Account Password: field, type the password you use to sign in to InvestorLine.
  5. If this is the first time you have done this, the Existing Trading Password field will have a message about the current trading password.
    1. In the New Trading Password field, type your desired password for trades. Make it difficult.
    2. In the Confirm New Trading Password field, type the new one again.
    3. Click on the Submit button.
  6. If this is not the first time you have done this
    1. In the Existing Trading Password: field, type your trading password.
    2. In the New Trading Password field, type your desired password for trades. Make it difficult.
    3. In the Confirm New Trading Password field, type the new one again.
    4. Click on the Submit button.
  7. If you’ve finished using your account, click on the Sign Out link.
  8. For increased security, clear your browser cache and close your browser session.

You’re done!

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Does your brokerage have a trading password as well as a sign in password? Do you change your trading password often? Please share your cautionary tales with a comment.

2 thoughts on “How to Set Your Trading Password for a BMO InvestorLine Account”

  1. I realize the Investorline passwords are 6 position combo of alpha and numerics. Are caps recognized ?Why aren’t there more positions in the passwords ?

    • In late 2020 when InvestorLine was using 6 letters and numbers for sign in passwords, the reason was the same password was also used for telephone sign in. So it did not matter if the letters were upper or lower case because you can’t enter a uppercase letter on a phone.

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