Fidelity

4.6(2400)

SEC/FINRA

Questrade

4.2(1300)

IIROC

Fidelity vs Questrade

Head-to-Head Comparison 2026

Our Verdict

Fidelity has a higher rating of 4.6/5 compared to Questrade (4.2/5). Questrade offers 7 instrument types, while Fidelity offers 6. The minimum deposit is lower at Fidelity with 0 $. Fidelity has been in the market since 1946, making it the more experienced provider.

Comparison Table

Criteria	Fidelity	Questrade
Rating	4.6/5 (2400 reviews)✓	4.2/5 (1300 reviews)
Regulation	SEC/FINRA	IIROC
Fees	$0 commission on stocks and ETFs, options $0.65 per contract	Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
Min. Deposit	0 $	1.000 CAD
Instruments	Stocks, ETFs, Options, Bonds, Mutual Funds, CDs	Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs
Platforms	Fidelity Web, Active Trader Pro, Fidelity App	Questrade Web, Questrade App, IQ Edge
Options Trading	Yes, US options from $0.65 per contract	Yes, Canadian and US options
Founded	1946	1999
Headquarters	Boston	Toronto

Detailed Comparison

Fee Comparison

Fidelity: $0 commission on stocks and ETFs, options $0.65 per contract. Minimum deposit: 0 $.

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

Fidelity (6 categories)

StocksETFsOptionsBondsMutual FundsCDs

Questrade (7 categories)

StocksETFsOptionsBondsMutual FundsForexCFDs

Trading Platforms

Fidelity

Fidelity Web
Active Trader Pro
Fidelity App

Questrade

Questrade Web
Questrade App
IQ Edge

Regulation & Security

Fidelity is regulated by SEC/FINRA (HQ: Boston).

Questrade is regulated by IIROC (HQ: Toronto).

Who Is It For?

Fidelity

One of the largest and most trusted US brokers with comprehensive services

✓ Commission-free stock and ETF trading

✓ Excellent research and educational resources

✓ Huge fund selection including proprietary index funds

✗ Only available for US customers

✗ International stocks limited availability

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 Fidelity or Questrade cheaper?

Fidelity charges $0 commission on stocks and ETFs, options $0.65 per contract. 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 $ at Fidelity and 1.000 CAD at Questrade.

Which broker offers more products: Fidelity or Questrade?

Fidelity offers Stocks, ETFs, Options, Bonds, Mutual Funds, CDs. Questrade offers Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs.

Which broker is better regulated?

Fidelity is regulated by SEC/FINRA. Questrade is regulated by IIROC.

Is Fidelity or Questrade better for beginners?

Fidelity has a minimum deposit of 0 $ and offers Fidelity Web, Active Trader Pro, Fidelity App as platforms. Questrade has a minimum deposit of 1.000 CAD and offers Questrade Web, Questrade App, IQ Edge. Fidelity has the lower entry barrier.

Fidelity vs Questrade: Which broker is better overall?

The choice between Fidelity (4.6/5, 2400 reviews) and Questrade (4.2/5, 1300 reviews) depends on your needs. Fidelity: One of the largest and most trusted US brokers with comprehensive services. Questrade: Canada's leading independent online broker with low fees.

Fidelity

One of the largest and most trusted US brokers with comprehensive services

Open Account →

From 0 $ min. deposit

Questrade

Canada's leading independent online broker with low fees

Open Account →

From 1.000 CAD min. deposit

Fidelity read review →Questrade read review →