Broker comparison

CommSec vs.
Questrade

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

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.

Australia's largest online broker by Commonwealth Bank

Canada's leading independent online broker with low fees

At a glance

The key differences

Criterion
PlatformsCommSec Web, CommSec AppQuestrade Web, Questrade App, IQ Edge
Product typesStocks, ETFs, Options, Warrants, Managed FundsStocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs
Options tradingYes, ASX options availableYes, Canadian and US options
Fee modelfrom 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
Minimum deposit0 AUD1.000 CAD
RegulationASICIIROC
More informationDetailsDetails

Platforms

CommSec

CommSec Web, CommSec App

Questrade

Questrade Web, Questrade App, IQ Edge

Product types

CommSec

Stocks, ETFs, Options, Warrants, Managed Funds

Questrade

Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs

Options trading

CommSec

Yes, ASX options available

Questrade

Yes, Canadian and US options

Fee model

CommSec

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

Questrade

Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract

Minimum deposit

CommSec

0 AUD

Questrade

1.000 CAD

Regulation

CommSec

ASIC

Questrade

IIROC

More information

CommSec

Details

Questrade

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 CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract

Published fee
Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
Minimum deposit
1.000 CAD
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
StocksETFsOptionsBondsMutual FundsForexCFDs

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

Questrade Web · Questrade App · IQ Edge

Questrade offers three trading platforms: Questrade Web, the Questrade App, and IQ Edge. The web platform provides standard trading functions with order placement and portfolio overview. IQ Edge is the desktop platform for active traders with advanced charting tools, real-time streaming, Level 2 data, and customizable watchlists. The mobile app enables trading and account management on the go. IQ Edge is particularly designed for options traders and active traders.

Explore platform

Regulation & security

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

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

Find the broker that fits

CommSec oder Questrade?

Side by side. Decided with knowledge.

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

CommSec4.0
  • Australia's most well-known and largest broker
  • Seamless integration with Commonwealth Bank
  • Comprehensive research and analysis tools
Questrade4.2
  • Free ETF purchases
  • Canada's leading independent broker
  • Options trading on US and Canadian markets
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 Questrade?
CommSec: from AUD $10 per trade (up to $1,000), AUD $19.95 (up to $10,000). Questrade: Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/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 Questrade?
CommSec offers Stocks, ETFs, Options, Warrants, Managed Funds. Questrade offers Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs.
How are CommSec and Questrade regulated?
The broker profiles list ASIC for CommSec and IIROC for Questrade. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is CommSec or Questrade better for beginners?
CommSec lists a 0 AUD minimum deposit and offers CommSec Web, CommSec App. Questrade lists 1.000 CAD and offers Questrade Web, Questrade App, IQ Edge. Compare usability, available products and costs for your intended use.
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.

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.Regulation: BaFin, ESMA & investor protectionWho supervises your broker and what that protects.
Terms in the glossary:PremiumCall optionMarginExercisePut option