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Is Stake free?

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
Jan 2024
Personally tested Personally tested
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Is Stake free as of January 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).

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Stock Fee Calculator

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.

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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

Stake Fees snapshot
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

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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.

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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.

Stock fees of a $2,000 trade
US stock
$3.0
$0.0
$0.0
UK stock
-
$0.0
-
German stock
-
$0.0
-

Data updated on January 24, 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.

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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.

A high-level overview of how Stake stacks up in terms of non-trading fees
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
No
No
No

Data updated on January 24, 2024

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Stake deposit fee

Usually, brokers don't charge anything for deposits, and Stake is no different.

Stake deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
No Yes No
Electronic wallets
No Yes No
Deposit fee
$0
$0
$0

Data updated on January 24, 2024

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Stake withdrawal fee

Stake generally doesn't charge a withdrawal fee.

Stake withdrawal fees and options compared
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 January 24, 2024

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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).

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Author of this article

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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