Stake Review
Rana Adnan | March 24, 2022
Table of Contents
Established in 2017 in Australia, Stake is a global trading broker that enables traders to access over 4,000 US Stocks and ETFs in a fast and efficient manner. The brokerage firm offers clear, simple, and efficient pricing with no hidden fees. The minimum deposit required to operate a live account is $50.
Broker Pros / Cons
- Proprietary user-friendly trading platform
- Trading blog
- Competitive fees
- Limited non-stock or ETF instruments
- Limited funding options
- No standalone trading tools
- No USA clients
Summary
Headquartered in Sydney, Australia, Stake is a fast-moving, customer-led brokerage company that offers online trading services to a growing community who wish to access the US market with lower costs and greater simplicity. Stake provides traders with a proprietary trading platform that is available on app only in the UK and also offers some educational resources to assist traders. There is a customer support team available to aid the trading process.
Regulation
Stakeshop Pty Ltd owns and operates the brand name, Stake, with ACN 610105505 and is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927).
Stake is also the trading name of Hellostake Limited (no. 11676409), which is authorised and regulated by the UK Financial Conduct Authority (FRN: 830771).
Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152) but is not regulated by the Financial Markets Authority.
Stake is available in the UK, Australia, New Zealand and Brazil. The broker states that its products and services are not intended to be an inducement, offer, or solicitation to anyone outside of Australia, the United Kingdom, or in any jurisdiction in which Stake is not regulated or able to market its services.
Platforms
The broker provides traders with the Stake trading platform, which is developed in-house to allow clients to trade ETFs and stocks listed on the US stock markets without stress. The platform offers access to unlimited commission-free trading, real-time trade execution, advanced order types, and more. The broker makes the Stake Trading Platform available as a mobile app that is compatible with Android and iOS devices. The mobile trading apps can be freely downloaded from the respective app stores.
Stake Trading Platform
Tools
There are no standalone trading tools on the broker’s website at the moment. However within the app they offer more sophisticated tools that include ratings from Wall St analysts, price targets and full company financials.
Education
The broker’s website has a blog section that is packed with several educational and news articles that are aimed at improving clients’ trading knowledge and keeping them informed on the latest happenings in the financial markets.
Stake Trading Blogs
Markets
Stake offers direct access to trade over 4,000 US stocks and ETFs.
Accounts
The broker offers a free live trading account with a required minimum deposit of $50 and charges zero commission on trades. They charge a 0.5% FX fee on deposits and withdrawals however as funds are held in USD once on the platform, they don’t charge any fees on trades.
There is also the Stake Black account, which charges a monthly subscription fee of $9/month for access to premium features.
Full information on Stake’s pricing can be found here.
Support
Clients can direct their trading inquiries to Stake’s client support team that can be reached via email or by submitting a ticket on the website or through the Stake mobile app.
Funding
Traders can deposit and withdraw funds using their preferred bank account via their secure Open Banking portal.
Signup
Account opening at Stake is a straightforward process completed in minutes. Simply click on the ‘Create account’ button and fill in your personal details and other additional information (including income and employment details), and then submit.
Also, customers who sign up and fund their account within 24hrs will receive a free stock in either Nike, GoPro or Dropbox.
Stake Account Sign Up
Compare
| Broker Features | AvaTrade | IG | IC Markets | |
|---|---|---|---|---|
| Founded | 2006 | 1974 | 2007 | |
| Regulated | ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF | ASIC, CySEC, FSA, SCB | |
| Country | Australia, Ireland, South Africa, Japan, British Virgin Islands | Australia, UK, USA, Switzerland, UAE, Singapore, Japan | Australia, Seychelles, Bahamas, Cyprus | |
| Min. Deposit | Min $250 Deposit | Min $100 Deposit | Min $200 Deposit | |
| Commission | From $0 | From $0 | From $0 | |
| Spreads | Fixed | Variable | Variable | |
| Leverage | 1:400 | 1:200 | 1:500 | |
| Instruments | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs | Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs | |
| Platforms | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile | MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile | MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile | |
| Type | Market Maker, STP | STP, ECN, DMA | ECN | |
| Funding | Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill | Wire Transfer, Credit/Debit Cards, PayPal | Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli | |
| Visit Broker | Visit Broker | Visit Broker | Visit Broker |
Conclusion
Stake is a multi-regulated trading broker that offers significant access to trade US stocks and ETFs via a proprietary trading platform. Clients benefit from some educational resources and can always reach out to the customer support team. There are no standalone trading tools on the broker’s website at the moment however they do offer some key tools within the app.
Min $50 Deposit
Stake is an Australian-based trading broker that enables traders to access over 3,800 US Stocks & ETFs via a user-friendly proprietary trading platform.
About the Author
Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.
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