Stake to offer ASX-listed shares and ETFs from late 2021

young-woman-using-stake-to-trade-shares-in-australia

Online brokerage platform Stake has announced its intention to offer investors the chance to trade Australian shares and ETFs from later this year.

Stake said that it will launch an Australian Securities Exchange (ASX) offering in quarter four of 2021, though specific details about the offering, including brokerage costs, have yet to be released.

The decision by Stake to launch an ASX offering will no doubt be motivated by the surge of Australians who have turned to share trading in the past year. According to the latest Online Investing Report from Investment Trends, 435,000 Aussies started trading for the first time in the 12 months to March 2021 - one in six of whom were under 25.

“The last year has shone a spotlight on the new generation of investor,” said Stake’s chief executive and founder, Matt Leibowitz. “They’re savvy and demand transparency and control to build their wealth in new ways. They don’t want to compromise, feel like they’re coming off second best or are just a cog in the machine. What we’ve built meets that demand.”

“The new generation are after opportunities everywhere. They want flexibility, choice and control. Our mission is to continue to unlock this for them and launching ASX is a huge step on this journey, especially for our customers in Australia.”

Since launching in 2017, the Sydney-based platform has made a name for itself by providing low cost access to US markets for investors in Australia, Brazil, New Zealand and the UK.

In fact, Stake charges $0 brokerage on US stock and ETF trades, a model similar to that of the commission-free, US-based investing app, Robinhood.

The big - and currently unanswered - question ahead of Stake’s move into Australian equities will be how low they plan to go on brokerage though.

A number of low cost brokerage options have become available for Australian investors of late, with 11 platforms being tracked in the Mozo database offering brokerage of $10 or less on Australian shares or ETFs.

Included in that list are 2021 Mozo Experts Choice Online Share Trading Award winners CommSec, CMC Markets, Saxo Markets, SelfWealth, Superhero and ThinkMarkets.

RELATED: The best online share trading platforms in Australia in 2021

Want to start your investing journey today? Head on over to the Mozo share trading hub to compare online trading accounts on fees, brokerage, features and more.

Compare online share trading accounts - rates updated daily

Search promoted share trading below. Advertiser disclosure.
  • placeholder
    Trading Account

    Small trade brokerage
    Monthly fee
    $10.00
    $0.00

    Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for details)

    Go to site
    Details
  • Hot DealLimited-time offer: Get 10 free ASX trades when you open a new share trading account!
    placeholder
    Share Trading

    Small trade brokerage
    Monthly fee
    $8.00
    $0.00

    ThinkMarkets offer an $8 flat fee share trading account with HIN ownership (CHESS sponsored) so you control your own shares plus free live price data and market depth. Winner of the Mozo Experts Choice Award 2021 in the Casual Trader and Casual ETF category.

    Go to site
    Details
  • placeholder
    Active Investor

    Small trade brokerage
    Monthly fee
    $9.90
    $0.00

    CMC Markets Invest offer a powerful web and mobile platforms & competitive pricing on thousands of instruments. Winner of a Mozo Experts Choice Award 2020 in the Regular Trader category^.

    Go to site
    Details
  • placeholder
    Classic

    Small trade brokerage
    Monthly fee
    $9.50
    $0.00

    Self Wealth Classic has no hidden fees and Access live prices and market depth, currently free to all members. $9.50 flat brokerage fee. Winner of a Mozo Experts Choice Award 2020 in the Casual Trader category^.

    Go to site
    Details
  • placeholder
    Classic

    Small trade brokerage
    Monthly fee
    $5.00
    $0.00

    Fast and reliable access to the markets from your phone, tablet, laptop or multi-screen desktop set-up.

    Go to site
    Details

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.