Stake: A trading platform for US stocks

Stake gives Australians access to more than 3000 US stocks with $0 brokerage.

Stake is a desktop and mobile trading app that enables Australians to easily trade US stocks. It provides access to more than 3000 US stocks and ETFs, including some of the biggest global companies such as Apple, Google and Amazon. The US market is currently valued at over $30 trillion and growing rapidly.

The platform is exclusively for US stocks and doesn’t provide access to ASX-listed shares. Read on to learn more about Stake.

$0 brokerage fee





Product name Stake
Type of broker
ASX products N/A
Available markets NASDAQ
Standard brokerage fee for ASX shares $0 brokerage fee

Quick verdict

Good for
  • $0 brokerage when you buy and sell stocks
  • Easy access to more than 3000 US stocks and ETFs
  • User-friendly platform and app
  • Advanced filtering options to discover stocks and ETF
Not so great for
  • You can't trade Australian shares using Stake. It only offers US-listed stocks.

What can I trade with Stake?

You can access more than 3000 US stocks and ETFs via Stake. Stake currently does not allow users to trade derivatives, like CFDs or options.

Features of Stake’s platform and app

Access some of the world’s biggest brands

Stake offers Australians easy access to major international brands like Apple, Tesla, Facebook and Google.

$0 brokerage

Stake doesn’t charge any brokerage fees when you buy or sell stocks.

Fractional investing

Instead of buying individuals shares, you can invest smaller dollar amounts (minimum $10). For example, if one Google share cost $1,200, you have the option of investing just $100 if you choose. If you invest $1,800, you'd own 1.5 shares.

User-friendly platform with an online shopping feel

Stake’s platform is user-friendly and more like an online shopping site or a social media platform than a trading platform.

Advanced filtering options

Users can apply a range of advanced filters when looking for stocks to trade. For example, you can filter by stocks that are trending, most up, most down, most traded or most watched. You can also filter by a range of categories including food, travel and technology or even the size of the company.

Discover related stocks

When you select a stock to look at, the platform also suggests a range of related stocks based on what others are trading. This is a helpful tool to discover some less well-known stocks.

News and analysis

Access the latest news and analysis for each individual stock from various sources across the Internet. Plus, access Stake’s own blog and stock commentary too.


Use the charts to see how a stock has performed over the past day, week, month, three months, year or three years. The charts are conveniently colour coded too, so you can easily see when a stock is trending down (red).

Advanced order types

You can choose to buy or sell at market as well as place a limit or stop order.

What fees does Stake charge?

Stake does not charge any brokerage fees when you buy and sell stocks. Instead, Stake makes money on the currency exchange when you fund your account or withdraw money from your account.

Before you can trade with Stake, you'll need to add funds to your account. Stake charge US$0.70 for every AUD$100 you transfer from Australian dollars into US dollars and vice versa. However, as Stake points out on the website, these foreign currency transfer fees are applied by other brokers, including many major banks, to international trades. With other brokers, this fee may be applied each time you trade, whereas with Stake, you're only charged the one fee when you transfer funds.

There are some other charges to be aware of. If you add funds to your account using a credit or debit card, you'll be charged 2% on top of the transfer fee (US$0.70 per AUD$100). You can avoid this fee if instead you do a bank transfer within the app using PoLi.

List of fees

  • FX fee: $0.70 for every AU$100 transferred, which is an FX spread of 0.7%.
  • Card fee: If you choose to fund your Stake account using a credit or debit card, you'll be charged 2% of what you transfer by the card merchant.
  • Express transfer: If you want your money to arrive in your account within the next 24 hours, you'll be charged 0.5% of what you transfer.
  • US tax form: When you sign up to Stake, there is a one-off $5 fee for US taxation purposes.
  • External transfer fee: If you already have US dollars that you'd like to transfer into Stake, there's a $5 transfer fee applied.

How to get started with Stake

You can create an account with Stake online in minutes and have your account funded and ready to go that same day.

Click “get started” on Stake’s site and follow the prompts to enter your personal details including name, residential address and contact details. Create an account by selecting a username and creating a unique password. You’ll need to verify your ID throughout the process, so make sure you have your driver's licence and/or Medicare card handy.

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