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

Mozo may receive payment if you click to the website of one of the products below. Mozo does not compare the entire market, but you can see more products by clicking on the ‘See more’ button under the table.
Last updated 13 July 2024Advertiser disclosure
  • Tiger Account

    Small trade brokerage
    Monthly fee
    $5.50
    $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 150 days, with a value up to AUD 2,877. Plus receive US$30 Tesla (TSLA) and US$30 NVIDIA (NVDA) shares with an accumulated deposit of at least AUD 2,000. T&Cs apply – for full details, go to the Tiger Brokers website.

    Details
  • 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).

    Details
  • ASX Shares

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

    Join the world’s leading social trading platform, trusted by 30 million users worldwide. Invest in stocks, crypto, ETFs and more - all in one place. Hone your financial skills with a $100K virtual demo account.

    Details
  • Mozo Experts Choice 2024
    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).

    Details
  • Share Trading

    Small trade brokerage
    Monthly fee
    $8.00
    $0.00

    Enjoy access to over 13,000 local and international shares and ETFs with $0 Commission on all international shares including US. Trade pre- and post-market with extended hours on over 70 key US shares. Get better rates on domestic shares for active traders - trade Australian shares from $5 commission. (T&Cs apply). Around the clock customer support from real humans (not chat bots). Trade international and Australian shares from the one account with intuitive desktop and mobile app.

    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.