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Stake Review 2024

Written by
Gyula L.
Fact checked by
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Web trading platform
Product selection
Regulated and trusted. Tested via live trading.
947 people chose this broker
Not available in United States; see best alternatives

Why choose 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 UK's FCA.

Stake provides stock and ETF trading on US markets at low fees. The account opening process is fully online and fast, while its 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. Customer service is substandard, and we also missed educational tools and materials to help clients get a better understanding of capital markets and trading.

BrokerChooser gave Stake a 4.1/5 rating based on analyzing 600+ 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
Overall score
4.1/5
Minimum deposit
$50
Stock fee
Low
Inactivity fee
no
Account opening
1 day
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Fees

Score: 3.9/5
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.
  • Low stock/ETF fees
  • No inactivity fee
  • Transparent fee structure

We compared Stake's fees with two similar brokers we selected, Freetrade and Alpaca Trading. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Stake alternatives.

Low stock and ETF commission

Stake US stock fees are lower than the industry average. US stock fees are calculated as follows: $3 per trade up to $30,000, or 0.01% per trade $30,000 or greater

Broker
US stock
Stake
$3.0
Freetrade
$0.0
Alpaca Trading
$0.0
Stake stock and ETF commission

No inactivity fee, no withdrawal fee

The deposit and withdrawal fees below are calculated for $2,000 transfers.

Broker
Inactivity fee
Withdrawal fee
Stake
$0
Freetrade
$0
Alpaca Trading
$0
Stake inactivity, withdrawal and other fees

Though there is no deposit or withdrawal fee as such when you deposit in your own currency, Stake charges other non-trading fees, e.g. currency exchange fee, U.S. tax form fee, etc., as described below:

Stake other non-trading fees
UKAustraliaNew ZealandBrazil
FX fee for deposit and withdrawal (min. $2)0.5%spot rate plus 70 basis points1%1.6%
Express deposit0.5% (min. $2)0.5% (min. $2)0.5%0.7%
Non-Stake USD transfersNA$5NA$5
Bank processing fee on withdrawals--$2-
Debit card depositNANA2%NA
Credit card depositNANA3%NA
U.S. tax form fee-$5$5$2
  • Express deposit means that you will have access to your USD funds:
    • immediately after the confirmation of the deposit funding request for UK customers,
    • during the next US trading day for Australian customers,
    • immediately after the confirmation of the deposit funding request for New Zealand customers,
    • immediately after confirming the exchange rate of your transfer, if it is before 2 pm (Brasilia time) for Brazilian customers.
  • There is a minimum withdrawal amount of $10 in New Zealand

Stake charges no inactivity fee and the basic account has no monthly fee. Clients can choose a premium plan called Stake Black for a monthly fee of $9 (or a yearly fee of $90), which offers some additional services but has a similar fee structure.

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.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
Read more

Deposit and withdrawal

Score: 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.
  • User-friendly
Read more

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.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

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.
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
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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.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 1.5/5
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.
Read more
“I recommend Stake for beginners and investors looking for low-fee trading in US stocks/ETFs and a simple, easy-to-use trading platform.”

FAQ

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Author of this review

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His 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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