Is Stake free as of December 2024?
Stake does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with Stake though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.
We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).
Visit broker
When you invest your capital is at risk
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Stake. To check and compare fees at other brokers, go to our main Fee calculator page.
Before doing so, check out our Privacy Policy and our General Terms and Conditions.
When you invest your capital is at risk
Overview of Stake fees and charges
It's safe to say that Stake's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of Stake's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $3 per trade up to $30,000, or 0.01% per trade $30,000 or greater |
| EURUSD fee | - | FX not available |
| US mutual fund fees | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Visit broker
When you invest your capital is at risk
Stake fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare Stake fees with its closest competitors, Freetrade and Alpaca Trading.
Visit broker
When you invest your capital is at risk
Stake trading fees
Stake's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at Stake.
Trading fees
Stake's trading fees are low.
Stock fees and ETF fees
Stake has low stock trading fees.
|
US stock
|
$3.0
|
$0.0
|
$0.0
|
|---|---|---|---|
|
UK stock fee
|
-
|
$0.0
|
-
|
|
German stock
|
-
|
$0.0
|
-
|
Data updated on December 4, 2024
Currency conversion fee
Stake will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 70 bps for AU/NZ clients and 0.5% for UK clients on deposit and withdrawal, min $2.
Visit broker
When you invest your capital is at risk
Stake non-trading fees
When it comes to non-trading fees, Stake is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Stake that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
|
Withdrawal fee
|
$0
|
$0
|
$0
|
|---|---|---|---|
|
Deposit fee
|
$0
|
$0
|
$0
|
|
Inactivity fee
|
No
|
No
|
No
|
|
Account fee
|
No
|
No
|
No
|
Data updated on December 4, 2024
Visit broker
When you invest your capital is at risk
When you invest your capital is at risk
Stake deposit fee
Usually, brokers don't charge anything for deposits, and Stake is no different.
|
Bank transfer
|
Yes | Yes | Yes |
|---|---|---|---|
|
Credit/debit card
|
No | Yes | No |
|
Electronic wallets
|
No | Yes | No |
|
Deposit fee
|
$0
|
$0
|
$0
|
Data updated on December 4, 2024
Visit broker
When you invest your capital is at risk
Stake withdrawal fee
Stake generally doesn't charge a withdrawal fee.
|
Bank transfer
|
Yes | Yes | Yes |
|---|---|---|---|
|
Credit/debit card
|
No | Yes | No |
|
Electronic wallets
|
No | Yes | No |
|
Withdrawal fee for bank transfer
|
$0
|
$0
|
$0
|
Data updated on December 4, 2024
Visit broker
When you invest your capital is at risk
Stake inactivity fee
Stake does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
Visit broker
When you invest your capital is at risk
-
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
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.
