Stake lays down a marker with launch of $3 ASX brokerage

By Tom Watson · · 2 min read
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Stake has officially opened its doors to Australian investors looking to trade on the ASX with the launch of its new ‘Stake AUS’ option this morning.

Known for its zero brokerage US trading option, Stake is now allowing its Aussie users to buy and sell more than 2,000 ASX-listed shares and exchange-traded funds (ETFs) over its platform for a flat brokerage fee of just $3 - regardless of the trade size.

Stake also announced that it won’t be charging a brokerage fee on ASX trades for the remainder of 2021.

“Following a successful six-week beta period where 50,000 Aussies were given access to ASX trading on Stake, the time is right to unleash it to the public - with an added perk,” said Stake founder and chief executive, Matt Leibowitz.

“Those on our beta were rewarded with $0 brokerage on ASX trading until the end of the year - a benefit we’re extending to everyone.”

The move by Stake into ASX trades provides yet another low-cost share trading option for investors in what is becoming an increasingly competitive space.

In the past two years alone a number of new platforms - including Pearler, Sharesies and Superhero - have all hit the market with cheap brokerage offers, swelling the ranks of the brokerage platforms available to Aussie investors.

But how does the new brokerage offer from Stake stack up?

Of the 25+ share trading platforms being tracked in the Mozo database, Stake’s $3 brokerage fee is currently the lowest on offer and well below the brokerage fees charged by some of the major banks.

“We’ve listened to customers,” said Leibowitz. “They want CHESS sponsorship, tick, affordability, tick, and a slick, easy-to-use, interface, tick. Ultimately it’s about control and the freedom to invest on Wall Street and the ASX in the same place.”

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Interested in starting your own investment journey? Well if you’re looking for a platform to trade on, one great place to start is with some of the best share trading platforms in Australia - as judged by our expert judges.

Otherwise get comparing straight away by looking through some of the great share trading accounts wrapped up in the table below.

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Last updated 23 November 2024Important disclosures
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    Share Investing

    Standard

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

    CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).

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    Share Trading

    Small trade brokerage
    Monthly fee
    $3.00
    $0.00

    Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply. Earn up to 6.8% p.a. introductory rate for 30 days, applicable to up to AU$80,000 on uninvested cash, and get 10 free stocks with eligible deposits (T&Cs apply)

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  • Share Trading

    Small trade brokerage
    Monthly fee
    $7.70
    $0.00

    Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).

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  • Share Trading

    Small trade brokerage
    Monthly fee
    -
    $0.00

    5000+ stocks and 19 exchanges all on the eToro app. Invest in ETFs with $0 commission and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 30+ million users worldwide.

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  • Tiger Account

    Small trade brokerage
    Monthly fee
    $2.99
    $0.00

    Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Mozo special offer for new users only: 7% p.a. on uninvested cash balance up to AUD $100,000 for the first 30 days, with a value up to AUD $575. Plus receive US$30 NVIDIA (NVDA) fractional shares with an accumulated deposit of at least AUD $2,000 within 7 days of the first deposit. T&Cs apply – for full details, go to the Tiger Brokers website.

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