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Written by: Gyula L. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
Trusted broker
Regulated by top-tier financial authorities
Popularity
517 people chose this broker in the last 6 months
BrokerChooser Score
4.5/5

Stake review summary

Stake is an Australia-based fintech startup that offers commission-free stock trading, regulated by the Australian Securities and Investment Commission (ASIC) and the FCA. Stake provides free stock and ETF trading on US markets. 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 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

You can't open an account at Stake if you live in United States. See the best alternative available in your country.

Stake pros and cons

Pros Cons
Free stock and ETF trading Basic product portfolio
Fast and fully digital account opening Limited availability of customer service
Easy-to-use trading platforms Lack of educational tools

Stake main highlights

🗺️ Country of regulation Australia, UK
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $50
🕖 Time to open an account 1 day
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF
To read much more details about the broker's services and features, expand on the sections below.

Stake review
Fees

4.7
Stake offers free 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.
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Stake review
Account opening

5.0
Stake has a very simple and easy account opening process. It takes only a few minutes to open an account.
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Stake review
Deposit and withdrawal

2.2
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.
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Stake review
Web trading platform

3.6
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.
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Stake review
Mobile trading platform

4.1
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.
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Stake review
Desktop trading platform

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

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

3.3
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.
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Stake review
Customer service

1.7
Stake's customer support could use a facelift as customer support channels are limited. There is no live chat or phone support. Our e-mails were answered fast by Stake's helpdesk, but the answers were not always relevant or complete.
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Stake review
Education

0.5
Stake offers a limited set of written educational materials. They do not provide any educational or tutorial videos and you can not open a demo account.
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Stake review
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.
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Stake review
Bottom line

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Stake review
FAQ

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Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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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