Broker comparison

Fidelity vs.
Questrade

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

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. Execution speed: Fidelity ~25 ms (Smart Order Router, high price improvement rate), Questrade ~40 ms (TSX/Nasdaq Smart Routing).

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

Canada's leading independent online broker with low fees

At a glance

The key differences

Criterion
PlatformsFidelity Web, Active Trader Pro, Fidelity AppQuestrade Web, Questrade App, IQ Edge
Product typesStocks, ETFs, Options, Bonds, Mutual Funds, CDsStocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs
Options tradingYes, US options from $0.65 per contractYes, Canadian and US options
Fee model$0 commission on stocks and ETFs, options $0.65 per contractStocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
Minimum deposit0 $1.000 CAD
RegulationSEC/FINRAIIROC
More informationDetailsDetails

Platforms

Fidelity

Fidelity Web, Active Trader Pro, Fidelity App

Questrade

Questrade Web, Questrade App, IQ Edge

Product types

Fidelity

Stocks, ETFs, Options, Bonds, Mutual Funds, CDs

Questrade

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

Options trading

Fidelity

Yes, US options from $0.65 per contract

Questrade

Yes, Canadian and US options

Fee model

Fidelity

$0 commission on stocks and ETFs, options $0.65 per contract

Questrade

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

Minimum deposit

Fidelity

0 $

Questrade

1.000 CAD

Regulation

Fidelity

SEC/FINRA

Questrade

IIROC

More information

Fidelity

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.

$0 commission on stocks and ETFs, options $0.65 per contract

Published fee
$0 commission on stocks and ETFs, options $0.65 per contract
Minimum deposit
0 $
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

StocksETFsOptionsBondsMutual FundsCDs
StocksETFsOptionsBondsMutual FundsForexCFDs

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

Trading platforms

Fidelity Web · Active Trader Pro · Fidelity App

Fidelity offers three trading platforms: Fidelity Web, Active Trader Pro, and the Fidelity App. The web platform provides comprehensive research tools, screening functions, and educational resources. Active Trader Pro is a desktop platform for active traders with real-time data, advanced charts, options analysis, and customizable layouts. The mobile app offers quick access to all account features and trading options with an intuitive user interface.

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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

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?

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

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

Fidelity oder Questrade?

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 Fidelity and Questrade?
Fidelity: $0 commission on stocks and ETFs, options $0.65 per contract. 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: Fidelity or Questrade?
Fidelity offers Stocks, ETFs, Options, Bonds, Mutual Funds, CDs. Questrade offers Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs.
How are Fidelity and Questrade regulated?
The broker profiles list SEC/FINRA for Fidelity and IIROC for Questrade. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Fidelity or Questrade better for beginners?
Fidelity lists a 0 $ minimum deposit and offers Fidelity Web, Active Trader Pro, Fidelity App. Questrade lists 1.000 CAD and offers Questrade Web, Questrade App, IQ Edge. Compare usability, available products and costs for your intended use.
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.

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