Lightspeed

4.1(420)

SEC/FINRA

Questrade

4.2(1300)

IIROC

Lightspeed vs Questrade

Head-to-Head Comparison 2026

Our Verdict

Questrade has a higher rating of 4.2/5 compared to Lightspeed (4.1/5). Questrade offers 7 instrument types, while Lightspeed offers 4. The minimum deposit is lower at Questrade with 1.000 CAD. Questrade has been in the market since 1999, making it the more experienced provider.

Comparison Table

Criteria	Lightspeed	Questrade
Rating	4.1/5 (420 reviews)	4.2/5 (1300 reviews)✓
Regulation	SEC/FINRA	IIROC
Fees	Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract	Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
Min. Deposit	10.000 $	1.000 CAD
Instruments	Stocks, ETFs, Options, Futures	Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs
Platforms	Lightspeed Trader, Sterling Trader Pro, Eze EMS	Questrade Web, Questrade App, IQ Edge
Options Trading	Yes, professional options trading	Yes, Canadian and US options
Founded	2006	1999
Headquarters	New York	Toronto

Detailed Comparison

Fee Comparison

Lightspeed: Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract. Minimum deposit: 10.000 $.

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

Lightspeed (4 categories)

StocksETFsOptionsFutures

Questrade (7 categories)

StocksETFsOptionsBondsMutual FundsForexCFDs

Trading Platforms

Lightspeed

Lightspeed Trader
Sterling Trader Pro
Eze EMS

Questrade

Questrade Web
Questrade App
IQ Edge

Regulation & Security

Lightspeed is regulated by SEC/FINRA (HQ: New York).

Questrade is regulated by IIROC (HQ: Toronto).

Who Is It For?

Lightspeed

US broker for professional day traders with ultra-fast execution

✓ Ultra-fast order execution for day traders

✓ Very low fees for frequent traders

✓ Professional trading platforms

✗ Very high minimum deposit ($10,000)

✗ Not suitable for beginners

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 Lightspeed or Questrade cheaper?

Lightspeed charges Stocks from $0.0045 per share (250+ trades/month), options from $0.60 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 10.000 $ at Lightspeed and 1.000 CAD at Questrade.

Which broker offers more products: Lightspeed or Questrade?

Lightspeed offers Stocks, ETFs, Options, Futures. Questrade offers Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs.

Which broker is better regulated?

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

Is Lightspeed or Questrade better for beginners?

Lightspeed has a minimum deposit of 10.000 $ and offers Lightspeed Trader, Sterling Trader Pro, Eze EMS as platforms. Questrade has a minimum deposit of 1.000 CAD and offers Questrade Web, Questrade App, IQ Edge. Questrade has the lower entry barrier.

Lightspeed vs Questrade: Which broker is better overall?

The choice between Lightspeed (4.1/5, 420 reviews) and Questrade (4.2/5, 1300 reviews) depends on your needs. Lightspeed: US broker for professional day traders with ultra-fast execution. Questrade: Canada's leading independent online broker with low fees.

Lightspeed

US broker for professional day traders with ultra-fast execution

Open Account →

From 10.000 $ min. deposit

Questrade

Canada's leading independent online broker with low fees

Open Account →

From 1.000 CAD min. deposit

Lightspeed read review →Questrade read review →