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Multiple top-tier regulation, including ASIC in Australia and FCA in the UK
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Founded in 2017
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Investor protection is $500k (securities up to $500k, cash up to $250k)
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Clean track record: no major regulatory incidents or fines
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.
- Low-fee stock and ETF trading
- Fast and fully digital account opening
- Easy-to-use trading platforms
- Basic product portfolio
- Limited availability of customer service
- Lack of educational tools
Stake summary
🗺 Country of regulation | Australia, UK |
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💰 US stock fee | $3 per trade up to $30,000, or 0.01% per trade $30,000 or greater |
💰 Inactivity fee charged | No |
💰 Withdrawal fee | $0 |
💰 Minimum deposit | $50 |
💵 Available base currencies | USD |
💵 Conversion fee of deposits in non-base currency | 70 bps for AU/NZ clients and 0.5% for UK clients on deposit and withdrawal, min $2 |
💳 Deposit with bank card | Not available |
🕖 Time to open an account | 1 day |
🎮 Demo account provided | No |
🛍️ Products offered | Stock, ETF |
For a more comprehensive, in-depth look at the broker's services and features, simply expand on the sections below.
Fees
- Low stock/ETF fees
- No inactivity fee
- Transparent fee structure
- Forex conversion fee on deposit/withdrawal
Account opening
- Fast
- Fully digital
- Low minimum deposit
Deposit and withdrawal
- User-friendly
- Only one account base currency
- Credit/Debit card available only for customers from New Zealand
Web trading platform
- User-friendly
- Clear fee report
- Two-step (safer) login
- Limited customizability (for charts, workspace)
- No price alerts
Mobile trading platform
- User-friendly
- Two-step (safer) login
- Touch/Face ID login
- No price alerts
Desktop trading platform
Markets and products
Research
- Data on asset fundamentals
- User-friendly
- Live market data
- Limited interactive charting
- No/limited set of analytic tools
- Some research tools available only for premium account holders
Customer service
- Fast response time
- No phone support
- No live chat
- No 24/7 support
Education
- Easy to understand
- No demo account
- No trading platform tutorial videos
- No educational videos
Safety
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Does not hold a banking license
- Not listed on stock exchange
- Financial information is not publicly available
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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