Finder makes money from featured partners, but editorial opinions are our own.

Stake raises brokerage for the first time in 5 years: Still worth it?


Stake will raise rates for its US share trading starting in March. Here's what you'll soon be paying.

One of Australia's cheapest share trading platforms has told the market it is lifting rates.

The Australian and US broker will now charge customers $3 per trade on its US transactions. This is in line with its Australian offering.

If you trade more than $30,000 you'll pay 0.01% on all transactions.

The changes come into effect from 4 March 2023.

Stake will allow customers to transfer out for free or reduced fees before the price rise, depending on the transfer type.

"As we transition from challenger to Australia's leading modern brokerage – and amidst rising costs in the current economic environment – this change is part of continuing to build out a robust financial services company while still innovating on products and services for you," the company said in a statement.

Is it still worth it?

Whether or not Stake's new offering is worth it to you all depends on how you use the service and how often you transact.

For those that trade consistently, an increase in cost can make a notable difference. Let's say for example you make 100 transactions a year.

This might be a lot of trading in a year, but if you are that style of investor it will mean you'll now pay $300 more for the service.

But before you rush out and change brokers consider the counterfactual.

There's no denying nobody loves paying more.

However, even with the increase Stake is still one of the cheapest brokers going around.

Especially if you are using both its Australian and US services.

The price rises for Stake do not include its Australian offering, meaning it is still offering the cheapest CHESS-sponsored shares on the market.

Alternatives that offer $0 brokerage

The good news for those who want $0 brokerage on US shares, there are still a few providers that offer this service.

These include:

Although if you consider changing brokers keep in mind additional fees that you'll be charged.

After all, these brokers have to make their money somehow and when it comes to trading US shares these are normally on the foreign exchange rate or inactivity fees.

Looking for a low-cost online broker to invest in the stock market? Compare share trading platforms to start investing in stocks and ETFs.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involve substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances and obtain your own advice before making any trades.
Image: Supplied: Apple

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site