Stake Logo
Our top alternative brokers to Stake
Revolut
4.3
Open account
eToro
4.7
Open account
Your capital is at risk
Our top alternative brokers to Stake
Revolut
4.3
Open account
eToro
4.7
Open account
Your capital is at risk
Stake Alternatives

The best alternatives to Stake are

  1. Revolut - UK discount broker
  2. eToro - Global social trading broker

Let's see in a bit more detail how the Stake alternatives compare to Stake and each other:

Stake alternatives comparison
Stake Revolut eToro
Overall score 4.3 4.3 4.7
Fees score 4.8 stars 5.0 stars 4.5 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 3.7 stars 3.5 stars 3.7 stars
Web platform score 3.6 stars - 4.4 stars
Markets and products score 1.6 stars 2.0 stars 3.8 stars
Open account Open account Open account
Your capital is at risk

Why are these brokers considered good alternatives to Stake? There are many areas based on which Stake can be compared with others. When we say a given online broker is a good alternative to Stake we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Stake alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Stake is recommended for beginners looking for free trading and a simple, easy to use trading platform
  • Revolut is recommended for beginners looking for free trading and a great mobile-only trading platform
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Important factors of finding Stake alternatives

So far BrokerChooser has reviewed 71 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Stake or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Stake is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Stake alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Stake this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Stake, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Stake alternative is a must.


Now let's dive into the details of how Stake and its alternatives perform in the most important areas!

Stake alternatives
Stake

Founded in 2017, Stake is an Australia-based zero-fee discount broker specialized in US stocks and ETFs The brokerage is overseen by multiple top-tier regulators, including the Australian Securities and Investment Commission (ASIC) and the UK's Financial Conduct Authority (FCA). 

Stake is considered safe because it is regulated by top-tier regulators. In addition, Client assets are protected up to an amount of $500,000 ($250,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance. 

Stake operates in Australia, New Zealand, the United Kingdom, and Brazil. The core services are the same in these countries, but there are slight differences. In this review, we tested the UK services.

Recommended for beginners looking for free trading and a simple, easy to use trading platform

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

Open account

Fees
4.8

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.
Pros Cons
Free stock and ETF trading Withdrawal fee
No inactivity fee
Transparent fee structure
Stake alternatives trading fees
Stake Revolut eToro
US stock $0.0 $0.0 $0.0
UK stock - - $0.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Open account More

Account opening
5.0

Stake has a very simple and easy account opening process. It takes only a few minutes to open an account.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Stake alternatives minimum deposit and account open times
Stake Revolut eToro
Minimum deposit $50 $0 $200
Time to open account 1 day 1 day 1 day

Learn more about Stake minimum deposit here.

Open account More

Deposit and withdrawal
3.7

You can top-up your account by bank transfer or credit/debit card in the case of AU clients. However, you can only withdraw your money in your local currency and you will be charged at deposit and withdrawal.
Pros Cons
Credit/Debit card available for AU, NZ customers Only one account base currency
$2 withdrawal fee
Stake and alternatives withdrawal options and fees
Stake Revolut eToro
Bank Transfer Yes Yes Yes
Credit/Debit card No No Yes
Electronic wallets No No Yes
Withdrawal fee $2 $0 $5

Open account More

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. At the time of the review, the web trading platform was available only for customers in Australia and New Zealand.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Stake - Web trading platform
Stake and alternatives trading platform scores
Stake Revolut eToro
Web platform score 3.6 stars - 4.4 stars
Mobile platform score 3.6 stars 4.9 stars 4.9 stars
Desktop platform score - - -

Learn more about Stake's web trading platform in the detailed Stake review.

Open account

Markets and products
1.6

Stake's product selection covers US stocks, ETFs, and US-listed ADRs. However, other popular asset classes like mutual funds, bonds, cryptos or options are not available at Stake.
Stake and alternatives markets and products
Stake Revolut eToro
Stock Yes Yes Yes
ETF Yes No Yes
Forex No No Yes
Fund No No No
Bond No No No
Options No No No
Futures No No No
CFD No No Yes
Crypto No Yes Yes

Open account More

Verdict

Stake's fees are great. Clients can execute an unlimited number of stock and ETF trades free of charge 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 for free on an easy-to-use trading platform. 

Stake
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.
Fees score 4.8 stars
Recommended for Beginners looking for free trading and a simple, easy to use trading platform

Open account More

Stake alternatives
Revolut

Revolut is a fast-growing fintech startup founded in 2015 and mainly known for its banking and payment services. In 2019, the company also launched its commission-free stock trading, which is provided by Revolut Trading Ltd. 

Revolut is regulated by multiple top-tier regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients' assets are protected up to $500,000 ($250,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance. Revolut is also regulated by the UK Financial Conduct Authority (FCA). 

Recommended for beginners looking for free trading and a great mobile-only trading platform

Pros Cons
Free stock trading Limited product portfolio
Fast and easy account opening Basic research and missing educational tools
Great mobile trading platform Poor customer service

Open account

Fees
5.0

Besides trading stocks for free with Revolut, you also don't have to pay any inactivity or withdrawal fees. It only charges a 0.01% annual custody fee.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock trading
Stake vs. Revolut: Trading fees
Revolut Stake
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More

Account opening
5.0

Revolut has an easy, fast, and fully digital account opening, requiring no minimum account balance.
Pros Cons
Fast None
Fully digital
No minimum deposit
Stake vs. Revolut: Minimum deposit, time to open an account
Revolut Stake
Minimum deposit $0 $50
Time to open account 1 day 1 day

If you are interested more in Revolut minimum deposit, this overview will help you.

Open account More

Deposit and withdrawal
3.5

Revolut offers several deposit options, and both deposits and withdrawals are free even when using wire transfers. On the negative side, you can only use a USD-based account for trading.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal
No deposit fee
Stake vs. Revolut: Withdrawal options
Revolut Stake
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $2

Open account More

Web trading platform

Revolut does not offer a web trading platform, as it's available only on mobile. This is a drawback, as web-based applications are convenient to use and accessible from all devices.
Stake vs. Revolut: Trading platform scores
Revolut Stake
Web platform score - 3.6 stars
Mobile platform score 4.9 stars 3.6 stars
Desktop platform score - -

Learn more about Revolut's web trading platform in the detailed Revolut review.

Open account

Markets and products
2.0

Revolut has a limited product portfolio, as you can only trade certain US stocks, cryptos, gold and silver. It lacks other popular asset classes like mutual funds, bonds or options.
Stake vs. Revolut: Markets and products
Revolut Stake
Stock Yes Yes
ETF No Yes
Forex No No
Fund No No
Bond No No
Options No No
Futures No No
CFD No No
Crypto Yes No

Open account More

Verdict

Revolut's fees are great. With all three types of accounts, you can trade US stocks for free (though monthly limits may apply). Account opening is easy, fully digital, and fast. You can use an awesome and user-friendly mobile trading platform.

Revolut has some drawbacks though. The product portfolio covers only US stocks and some crypto currencies. There are only a few research tools, while it offers no educational material at all. Customer service could also be improved. 

If you want to trade US stocks for free and are looking for an easy-to-use mobile platform, Revolut is a great choice.

Revolut
Summary Revolut is a UK-based fintech startup that offers commission-free stock trading. Revolut Trading Ltd is regulated by the FCA.
Fees score 5.0 stars
Recommended for Beginners looking for free trading and a great mobile-only trading platform

Open account More

Stake alternatives
eToro

eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.

eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Pros Cons
Free stock and ETF trading High forex fees
Seamless account opening Withdrawing money can be slow
Social trading experience Only one account base currency

Open account
Your capital is at risk

Fees
4.5

eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
Pros Cons
Low trading fees Withdrawal fee
Free stock trading Monthly inactivity fee after 1 year of no trading
Low CFD fees
Stake vs. eToro: Trading fees
eToro Stake
Apple benchmark fee $5.4 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee $16.0 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
Your capital is at risk

Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Stake vs. eToro: Minimum deposit, time to open an account
eToro Stake
Minimum deposit $200 $50
Time to open account 1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

Open account More
Your capital is at risk

Deposit and withdrawal
3.7

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
Stake vs. eToro: Withdrawal options
eToro Stake
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes No
Withdrawal fee $5 $2

Open account More
Your capital is at risk

Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of eToro, a Stake alternative
Stake vs. eToro: Trading platform scores
eToro Stake
Web platform score 4.4 stars 3.6 stars
Mobile platform score 4.9 stars 3.6 stars
Desktop platform score - -

Learn more about eToro's web trading platform in the detailed eToro review.

Open account
Your capital is at risk

Markets and products
3.8

At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
Stake vs. eToro: Markets and products
eToro Stake
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes No
Crypto Yes No

Open account More
Your capital is at risk

Verdict

eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.5 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Open account More
Your capital is at risk

Stake alternatives
Bottom line

Based on our analysis, there are several good alternatives to Stake. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Stake alternatives
Broker Info Recommended for
Stake Australia-based zero-fee discount broker Beginners looking for free trading and a simple, easy to use trading platform
Revolut UK discount broker Beginners looking for free trading and a great mobile-only trading platform
eToro Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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

Share

Comments

×