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
Share Investing
Standard
Small trade brokerage
Monthly fee
$0.00$0.00CMC 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).
Share Investing
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).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $0 for trades up to $1,000. Greater of $11 and 0.1% for trades over $1,000.
- Settle from any bank account
- Settlement account offered
- ANZ Cash 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 reviews and learn more about share accounts
Share Trading
Small trade brokerage
Monthly fee
$3.00$0.00Trade 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.
Share Trading
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.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- 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
- Customer funds held in segregated trust accounts with HSBC.
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- Additional regulatory pass-through fees apply for US trades. Options are available for US markets only.
Read reviews and learn more about share accounts
Tiger Account
Small trade brokerage
Monthly fee
$3.00$0.00Mozo special offer for new users only: Get 4x zero brokerage trades (brokerage fees waived up to 2 USD per trade for US stocks, up to 3 AUD per trade for AUS stocks, and up to 3 USD per trade for US options) and zero FX fees for exchanging up to AUD 2,000 every month between AUD⇆USD with the first deposit of any amount. Other fees may apply. Plus AUD 60 cash vouchers with an accumulated net deposit of at least AUD 2,000 within 7 days of the first deposit. Trading conditions and withdrawal restrictions apply to the withdrawal of the AUD 60 cash – for full details, go to the Tiger Brokers website.
Tiger Account
Mozo special offer for new users only: Get 4x zero brokerage trades (brokerage fees waived up to 2 USD per trade for US stocks, up to 3 AUD per trade for AUS stocks, and up to 3 USD per trade for US options) and zero FX fees for exchanging up to AUD 2,000 every month between AUD⇆USD with the first deposit of any amount. Other fees may apply. Plus AUD 60 cash vouchers with an accumulated net deposit of at least AUD 2,000 within 7 days of the first deposit. Trading conditions and withdrawal restrictions apply to the withdrawal of the AUD 60 cash – for full details, go to the Tiger Brokers website.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- New accounts get 4 zero brokerage trades (up to 2 USD for US stock trades, up to 3 AUD for AUS stock trades) and no FX fee on exchanges between USD and AUD up to AUD 2,000 every month. T&Cs apply – for full details, go to the Tiger Brokers website.
- Brokerage details
- 0.03% of trade value, $3.00 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 reviews and learn more about share accounts
Share Trading
Small trade brokerage
Monthly fee
-$0.006000+ stocks and 20 exchanges, all on the eToro app. Invest in ETFs and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 35+ million users worldwide. Small trade brokerage conditions: $2 USD brokerage fee for stock trades, 0.5% FX fee applies.
Share Trading
6000+ stocks and 20 exchanges, all on the eToro app. Invest in ETFs and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 35+ million users worldwide. Small trade brokerage conditions: $2 USD brokerage fee for stock trades, 0.5% FX fee applies.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $2 USD brokerage fee for stock trades, 0.5% fee is applied to all funds paid into or taken out of the USD settlement account
- Settle from any bank account
- Settlement account offered
- Customer funds are held in a Trust Account managed by JP Morgan Chase and Co
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- $5 USD withdrawal fee applies and a $10 monthly inactivity fee is charged after 12 months with no login activity.
Read reviews and learn more about share accounts
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