CommSec

4(1800)

ASIC

Questrade

4.2(1300)

IIROC

CommSec vs Questrade

Head-to-Head Comparison 2026

Our Verdict

Questrade has a higher rating of 4.2/5 compared to CommSec (4/5). Questrade offers 7 instrument types, while CommSec offers 5. The minimum deposit is lower at CommSec with 0 AUD. CommSec has been in the market since 1995, making it the more experienced provider.

Comparison Table

Criteria	CommSec	Questrade
Rating	4/5 (1800 reviews)	4.2/5 (1300 reviews)✓
Regulation	ASIC	IIROC
Fees	from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000)	Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
Min. Deposit	0 AUD	1.000 CAD
Instruments	Stocks, ETFs, Options, Warrants, Managed Funds	Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs
Platforms	CommSec Web, CommSec App	Questrade Web, Questrade App, IQ Edge
Options Trading	Yes, ASX options available	Yes, Canadian and US options
Founded	1995	1999
Headquarters	Sydney	Toronto

Detailed Comparison

Fee Comparison

CommSec: from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000). Minimum deposit: 0 AUD.

Questrade: Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract. Minimum deposit: 1.000 CAD.

Product Range

CommSec (5 categories)

StocksETFsOptionsWarrantsManaged Funds

Questrade (7 categories)

StocksETFsOptionsBondsMutual FundsForexCFDs

Trading Platforms

CommSec

CommSec Web
CommSec App

Questrade

Questrade Web
Questrade App
IQ Edge

Regulation & Security

CommSec is regulated by ASIC (HQ: Sydney).

Questrade is regulated by IIROC (HQ: Toronto).

Who Is It For?

CommSec

Australia's largest online broker by Commonwealth Bank

✓ Australia's most well-known and largest broker

✓ Seamless integration with Commonwealth Bank

✓ Comprehensive research and analysis tools

✗ Higher fees than neobrokers

✗ Only available for Australian customers

Questrade

Canada's leading independent online broker with low fees

✓ Free ETF purchases

✓ Canada's leading independent broker

✓ Options trading on US and Canadian markets

✗ Only available for Canadian customers

✗ Stock trading fees not the lowest

Frequently Asked Questions

Is CommSec or Questrade cheaper?

CommSec charges from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000). Questrade charges Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract. The minimum deposit is 0 AUD at CommSec and 1.000 CAD at Questrade.

Which broker offers more products: CommSec or Questrade?

CommSec offers Stocks, ETFs, Options, Warrants, Managed Funds. Questrade offers Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs.

Which broker is better regulated?

CommSec is regulated by ASIC. Questrade is regulated by IIROC.

Is CommSec or Questrade better for beginners?

CommSec has a minimum deposit of 0 AUD and offers CommSec Web, CommSec App as platforms. Questrade has a minimum deposit of 1.000 CAD and offers Questrade Web, Questrade App, IQ Edge. CommSec has the lower entry barrier.

CommSec vs Questrade: Which broker is better overall?

The choice between CommSec (4/5, 1800 reviews) and Questrade (4.2/5, 1300 reviews) depends on your needs. CommSec: Australia's largest online broker by Commonwealth Bank. Questrade: Canada's leading independent online broker with low fees.

CommSec

Australia's largest online broker by Commonwealth Bank

Open Account →

From 0 AUD min. deposit

Questrade

Canada's leading independent online broker with low fees

Open Account →

From 1.000 CAD min. deposit

CommSec read review →Questrade read review →