Stake is a retail trading broker that operates from Sydney, Australia. The broker was launched in 2017 and offers traders access to trade US Stocks and ETFs. Trades are executed on an in-house-developed trading platform that is available in the web and mobile versions. The broker offers a selection of learning materials and also provides a client support team to assist traders. The minimum deposit required to open a live trading account is $50, and there are no hidden fees charged on trades.
Stake Review Introduction
In this Stake review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Stake.
Stake Platforms & Tools
The broker allows clients to trade the available financial instruments via the Stake platform, which is a proprietary trading platform that offers a range of competitive trading capabilities, such as unlimited commission-free trading, real-time trade execution, advanced order types, and more. The Stake trading platform is available as a webtrader that runs directly on most modern web browsers (Chrome, Safari, Firefox, and Edge) thus eliminating the need to download or install any additional software. There is also the mobile version that is designed specifically for Android and iOS devices. It can be freely downloaded from the respective app stores for easy access to your trading account.
Stake Research & Education
Traders can access some useful educational resources from the broker’s website. The resources include a blog section that contains various learning articles and the news section that keeps traders informed on the factors that move the financial markets.
Stake Trading Accounts
Stake’s clients are allowed to open a single live trading account with a minimum deposit requirement of $50. The account is denominated in USD and charges zero commission on trades. There is also the Black Account that charges a monthly commission of $9 on trades.
Stake Account Funding
At Stake, all account deposit and withdrawal requests are processed via bank wire transfers (with POLi) and credit/debit cards. The transaction processing time is dependent on the payment method used.
Stake Customer Service
The broker provides traders with a professional client support team that is polite and prompt in response. The support team is available to respond to traders’ general, technical and account-based inquiries and can be reached via email or by submitting a support ticket on the broker’s website or mobile app.
The broker is regulated in multiple jurisdictions as follows:
- Stakeshop Pty Ltd, trading as Stake with ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd with Australian Financial Services Licence No. 337927
- Stake is the trading name of Hellostake Limited (no. 11676409), authorised and regulated by the UK Financial Conduct Authority (FRN: 830771)
- Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152) but is not regulated by the Financial Markets Authority
Stake Review Summary
Stake is an Australian brokerage firm that allows traders from around the world to trade over 3,800 US stocks and ETFs through an easy-to-use trading platform. Traders benefit from some educational resources and the services of a professional customer support team. The broker is regulated in multiple jurisdictions. However, there are no standalone trading tools on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this Stake review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Stake broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.