Stake is an Wall Street brokerage offering 6,000+ stocks on a mobile investing app. This multi-reglated broker has gained a strong reputation since its inception in 2017, with over 450,000 customers. The brand offers competitive fees, with just a $3 brokerage charge and 0.5% for FX conversion, making it popular with global traders.
CommSec is a top Australian retail broker offering a suite of trading tools & products.
Bonus Offer
Free Stock
Comment by Reviewer
"Stake will appeal to aspiring stock investors looking for a heavily regulated, easy-to-use mobile platform with low fees and thousands of US shares."
Pros
Strong regulatory oversight with licenses and memberships with FINRA, SIPC and the FCA
Excellent range of 6,000 US stocks and ETFs, plus a useful stock comparison tool
Free first 'mystery' stock when you sign up and fund your account within 24 hours
Competitive $3 brokerage charge and free fractional shares, plus no inactivity or account fees
Sleek and user-friendly mobile interface with price charts, a financial news stream and market data
Attractive 'Stake Black' membership for Australian and New Zealand clients, offering instant fund settlements and more
Educational content and market overviews are posted to help investors stay up to date with the US and Australian markets
Fractional trading and stock lending help Stake offer a complete investing package
Clients can take advantage of free trades on Wall Street stocks and ETFs
Cons
Stake charges hefty deposit and withdrawal fees, and up to A$20 per month for its top account levels
To unlock market depth, company financial data and OTC stock trading, investors need to pay up to A$20 per month for Stake Black
UK investors are limited to bank transfers when making deposits and withdrawals
There is only one method for clients to contact the customer support team
The brokerage does not support trading using leverage or margin
There are limited technical analysis tools in the app
There is a narrow range of trading instruments
Awards
Innovation Excellence 2020 - Canstar
Instruments
Stocks, ETFs
Shares, Options, ETFs, Warrants, Fixed Income Securities
Traders from US not accepted