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Stake Review 2023

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2w ago
Trusted by BrokerChooser
  • Multiple top-tier regulation, including ASIC in Australia and FCA in the UK
  • Founded in 2017
  • Investor protection is $500k (securities up to $500k, cash up to $250k)
  • Clean track record: no major regulatory incidents or fines
880 people picked this broker at BrokerChooser in the last 6 months

Our take on Stake

Stake is an Australia-based fintech startup that offers stock and ETF trading, regulated by the Australian Securities and Investment Commission (ASIC) and the FCA. Stake provides stock and ETF trading on US markets at low fees. The account opening process is fully online and fast. The trading platforms are user-friendly and well-designed. It is a good choice for beginner investors. On the negative side, Stake only offers stocks and ETFs limited to the US market. The customer service channel offering is substandard. We missed educational tools and materials to help clients get a better understanding of capital markets and trading. BrokerChooser gave Stake a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.

BrokerChooser score
4.3 4.3 /5
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Pros
  • Low-fee stock and ETF trading
  • Fast and fully digital account opening
  • Easy-to-use trading platforms
Cons
  • Basic product portfolio
  • Limited availability of customer service
  • Lack of educational tools
“I recommend Stake for beginners and investors looking for low-fee trading in US stocks/ETFs and a simple, easy-to-use trading platform.”

Stake summary

Snapshot of key data
🗺 Country of regulationAustralia, UK
💰 US stock fee$3 per trade up to $30,000, or 0.01% per trade $30,000 or greater
💰 Inactivity fee chargedNo
💰 Withdrawal fee$0
💰 Minimum deposit$50
💵 Available base currenciesUSD
💵 Conversion fee of deposits in non-base currency70 bps for AU/NZ clients and 0.5% for UK clients on deposit and withdrawal, min $2
💳 Deposit with bank cardNot available
🕖 Time to open an account1 day
🎮 Demo account providedNo
🛍️ Products offeredStock, ETF
Fees
Account opening
Deposit and withdrawal
Web trading platform

For a more comprehensive, in-depth look at the broker's services and features, simply expand on the sections below.

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Fees

Score: 4.2/5
Stake offers low-fee stock and ETF trading on US markets. There is no inactivity fee, which is a big plus. On the negative side, deposit and withdrawal are not free of charge.
Pros
  • Low stock/ETF fees
  • No inactivity fee
  • Transparent fee structure
Cons
  • Forex conversion fee on deposit/withdrawal
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Account opening

Score: 5/5
Stake has a very simple and easy account opening process. It takes only a few minutes to open an account.
Pros
  • Fast
  • Fully digital
  • Low minimum deposit
Cons
None
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Deposit and withdrawal

Score: 2.2/5
There is no deposit/withdrawal fee for most of the clients. However, you can only withdraw your money in your local currency and you will be charged a conversion fee at deposit and withdrawal.
Pros
  • User-friendly
Cons
  • Only one account base currency
  • Credit/Debit card available only for customers from New Zealand
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Web trading platform

Score: 3.6/5
Stake's web platform is simple and easy to use with a user-friendly design. However, it lacks some important features like price alerts or workspace customizability.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
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Mobile trading platform

Score: 4.1/5
Stake has a simple and user-friendly mobile trading platform, with Touch/Face ID login. However, you cannot set price alerts on the mobile platform.
Pros
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
Cons
  • No price alerts
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Desktop trading platform

Stake does not offer a desktop trading platform.
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Markets and products

Score: 1.7/5
Stake's product selection covers US stocks, ETFs, and US-listed ADRs. Australian users can also trade Australian stocks. However, other popular asset classes like mutual funds, bonds, cryptos or options are not available.
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Research

Score: 3.3/5
Stake offers live market data. In addition, it provides company fundamentals, analyst ratings and price targets, but only for premium account holders. On the negative side, other research tools are either very basic or missing.
Pros
  • Data on asset fundamentals
  • User-friendly
  • Live market data
Cons
  • Limited interactive charting
  • No/limited set of analytic tools
  • Some research tools available only for premium account holders
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Customer service

Score: 1.7/5
Stake's customer support could use a facelift as customer support channels are limited. There is no live chat or phone support. Our emails were answered fast by Stake's helpdesk, but the answers were not always relevant or complete.
Pros
  • Fast response time
Cons
  • No phone support
  • No live chat
  • No 24/7 support
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Education

Score: 0.5/5
Stake offers a limited set of written educational materials. They do not provide any educational or tutorial videos and you cannot open a demo account.
Pros
  • Easy to understand
Cons
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
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Safety

Stake is overseen by top-tier Australian and UK regulators. However, it is not listed on a stock exchange and does not disclose its financial information.
Pros
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
Cons
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
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Bottom line

Stake's fees are great. Clients can execute an unlimited number of stock and ETF trades at low fees and the broker doesn't charge an inactivity fee. The account opening is easy, fully digital and fast. It provides straightforward and well-designed trading platforms.
Stake has some drawbacks though: there are only US stocks and ETFs. There is no live customer service (no phone or live chat support). There are no educational tools available.
Stake is a good choice if you want to trade US stocks and ETFs at low fees on an easy-to-use trading platform. Feel free to give it a try!

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Author of this review

Gyula Lencsés, CFA

Master of Broker Brilliance | Stock Market • Commodities • Market Analysis

With over a decade in finance, I lead content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. I open real-money accounts, execute transactions, and engage with customer services, offering firsthand assessments. Prior to BrokerChooser, I managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. My goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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