Stake to offer ASX-listed shares and ETFs from late 2021
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
Share Trading
Small trade brokerage
Monthly fee
$3.00$0.00Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. Enjoy $0 brokerage fees for AU&US stock for 180 days as a new user. With US trades from $1.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).
Share Trading
Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. Enjoy $0 brokerage fees for AU&US stock for 180 days as a new user. With US trades from $1.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Brokerage-free trading on AU and US stocks for 180 days and ongoing free access to real-time US market data.
- Brokerage details
- ASX trades are 0.03% the transaction amount, minimum $3.00 per order. US trades from $0.99 USD, other fees apply.
- Settle from any bank account
- Settlement account offered
- -
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- For US trades additional fees apply: settlement fee $0.003 per share up to 5%, ADR custody fee $0.01-$0.05 per share. For sell trades: SEC fee min $0.01 per transaction and activity fee min $0.01 per transaction. These fees are shown in USD.
Read our Mozo Review to learn more about the Share Trading
Tiger Account
Small trade brokerage
Monthly fee
$5.50$0.00Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy one brokerage-free trade per month on US and ASX stocks* with account opening. Mozo special offer for new users only: Get USD $25 in Tesla fractional shares plus USD $50 in fractional shares for new accounts with an accumulative net deposit of AUD 500*. T&Cs apply.
Tiger Account
Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy one brokerage-free trade per month on US and ASX stocks* with account opening. Mozo special offer for new users only: Get USD $25 in Tesla fractional shares plus USD $50 in fractional shares for new accounts with an accumulative net deposit of AUD 500*. T&Cs apply.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- One brokerage-free trade per month for 12 months. Receive 5 fractional shares with a deposit of AUD 500 and have a total account asset value of AUD 500 after 90 days. Referral offer: an additional USD 25 of fractional Tesla shares. T&Cs apply.
- Brokerage details
- 0.055% of trade value, $5.50 minimum brokerage.
- Settle from any bank account
- Settlement account offered
- no
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Tiger Account
Share Trading
Small trade brokerage
Monthly fee
$7.70$0.00Buy 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).
Share Trading
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).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Enjoy $0 Brokerage on your next 15 trades when you open a new account! (T&Cs apply).
- Brokerage details
- $7.70 brokerage for trades under $100,000, then 0.05%.
- Settle from any bank account
- Settlement account offered
- Macquarie Cash Management Account
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Share Trading
Idle Cash
Small trade brokerage
Monthly fee
$5.50$0.00Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.
Idle Cash
Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- One brokerage-free trade per month for 12 months. Receive 5 fractional shares with a deposit of AUD 500 and have a total account asset value of AUD 500 after 90 days. Referral offer: an additional USD 25 of fractional Tesla shares. T&Cs apply.
- Brokerage details
- 0.055% of trade value, $5.50 minimum brokerage.
- Settle from any bank account
- Settlement account offered
- no
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Idle Cash
Webull Share Trading Platform
Small trade brokerage
Monthly fee
$4.90$0.00Webull lets you connect with international markets, trading ASX and US stocks and options. You’ll gain access to user-friendly platforms and technology-driven educational resources plus 2% yield on idle cash with Webull cash management. Earn up to 5.3% (P.A) yield on uninvested funds with Moneybull plus a cash voucher worth USD100 by funding USD2000 or more and maintaining the funds for 90 days! (T&Cs apply)
Webull Share Trading Platform
Webull lets you connect with international markets, trading ASX and US stocks and options. You’ll gain access to user-friendly platforms and technology-driven educational resources plus 2% yield on idle cash with Webull cash management. Earn up to 5.3% (P.A) yield on uninvested funds with Moneybull plus a cash voucher worth USD100 by funding USD2000 or more and maintaining the funds for 90 days! (T&Cs apply)
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- New accounts with a deposit of AUD $100 with at least one buy transaction receive 3 US and 2 ASX Security Trading Vouchers for purchases, valued at AUD $100 total. Up to AUD $5,000 of free fractional Apple shares depending on amount funded. T&Cs Apply.
- Brokerage details
- $4.90 up to $16333.33, then 0.03% on ASX trades. 0.025% commission on US trades.
- Settle from any bank account
- Settlement account offered
- Webull Cash Management
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- dynamic
- Market depth data
- Real time charting
- Other restrictions
- 0.50% foreign exchange transfer fee applies for international trading.
Read our Mozo Review to learn more about the Webull Share Trading Platform
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