Broker comparison

CommSec vs.
Lightspeed

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Lightspeed has a higher rating of 4.1/5 compared to CommSec (4/5). CommSec offers 5 instrument types, while Lightspeed offers 4. The minimum deposit is lower at CommSec with 0 AUD. CommSec has been in the market since 1995, making it the more experienced provider.

Australia's largest online broker by Commonwealth Bank

US broker for professional day traders with ultra-fast execution

At a glance

The key differences

Criterion
PlatformsCommSec Web, CommSec AppLightspeed Trader, Sterling Trader Pro, Eze EMS
Product typesStocks, ETFs, Options, Warrants, Managed FundsStocks, ETFs, Options, Futures
Options tradingYes, ASX options availableYes, professional options trading
Fee modelfrom AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000)Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract
Minimum deposit0 AUD10.000 $
RegulationASICSEC/FINRA
More informationDetailsDetails

Platforms

CommSec

CommSec Web, CommSec App

Lightspeed

Lightspeed Trader, Sterling Trader Pro, Eze EMS

Product types

CommSec

Stocks, ETFs, Options, Warrants, Managed Funds

Lightspeed

Stocks, ETFs, Options, Futures

Options trading

CommSec

Yes, ASX options available

Lightspeed

Yes, professional options trading

Fee model

CommSec

from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000)

Lightspeed

Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract

Minimum deposit

CommSec

0 AUD

Lightspeed

10.000 $

Regulation

CommSec

ASIC

Lightspeed

SEC/FINRA

More information

CommSec

Details

Lightspeed

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000)

Published fee
from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000)
Minimum deposit
0 AUD
See terms at provider

Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract

Published fee
Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract
Minimum deposit
10.000 $
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

StocksETFsOptionsWarrantsManaged Funds
StocksETFsOptionsFutures

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

CommSec Web · CommSec App

CommSec offers trading through CommSec Web and the CommSec App. The web platform is comprehensive, offering research tools, stock screeners, detailed market data, charting features, and access to ASX options trading. The mobile app enables quick trading and portfolio monitoring on the go with push notifications and watchlists. CommSec is seamlessly integrated with Commonwealth Bank online banking and enables instant transfers between accounts.

Explore platform

Lightspeed Trader · Sterling Trader Pro · Eze EMS

Lightspeed offers three professional trading platforms: Lightspeed Trader, Sterling Trader Pro, and Eze EMS. Lightspeed Trader provides ultra-fast order execution, Level 2 data, customizable hot keys, and multi-monitor support. Sterling Trader Pro complements the offering with advanced routing options and algorithmic trading. Eze EMS targets institutional traders. All platforms offer direct market access (DMA) and are optimized for minimal latency.

Explore platform

Regulation & security

SEC/FINRA

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

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

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

Find the broker that fits

CommSec oder Lightspeed?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
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Your questions

Frequently asked questions

How do fees differ between CommSec and Lightspeed?
CommSec: from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000). Lightspeed: Stocks from $0.0045 per share (250+ trades/month), options from $0.60 per contract. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: CommSec or Lightspeed?
CommSec offers Stocks, ETFs, Options, Warrants, Managed Funds. Lightspeed offers Stocks, ETFs, Options, Futures.
How are CommSec and Lightspeed regulated?
The broker profiles list ASIC for CommSec and SEC/FINRA for Lightspeed. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is CommSec or Lightspeed better for beginners?
CommSec lists a 0 AUD minimum deposit and offers CommSec Web, CommSec App. Lightspeed lists 10.000 $ and offers Lightspeed Trader, Sterling Trader Pro, Eze EMS. Compare usability, available products and costs for your intended use.
CommSec vs Lightspeed: Which broker is better overall?
The choice between CommSec (4/5, 1800 reviews) and Lightspeed (4.1/5, 420 reviews) depends on your needs. CommSec: Australia's largest online broker by Commonwealth Bank. Lightspeed: US broker for professional day traders with ultra-fast execution.

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