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Mini meca 2024

Stake ASX Share Trading

Advertiser disclosure
Small trade brokerage with conditions
$3.00
Trades under $30,000
Large trade brokerage with conditions
0.01%
Trades over $30,000
Monthly fee
$0.00

Mozo editorial review Stake ASX Share Trading - last updated: 11 April 2024

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What's hot
  • $3 brokerage fee on trades up to $30,000
  • Transfer your ASX portfolio (of at least $1,000 AUD) to Stake & receive 12 months of $0 brokerage
  • Trade over 2,000 ASX-listed stocks and ETFs
What's not
  • No live data available
Mozo snapshot

Best known for providing low-cost access to US markets, online share trading platform Stake has now opened its doors to investors looking to buy and sell Australian stocks with its ASX Share Trading option. With brokerage set at just $3 per trade on trades up to $30,000, Stake could be a platform worth exploring for investors looking to reduce their costs as much as possible. 

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Key features

Stake’s ASX Share Trading option provides investors with access to over 2,000 shares and exchange traded funds (ETFs) listed on the Australian Stock Exchange (ASX). 

When it comes to cost, Stake is among the very cheapest around, allowing investors to buy and sell Australian stocks and ETFs for a $3 brokerage fee for trades up to $30,000, after which a 0.01% brokage fee applies. Not only is that well below the brokerage fees charged by many other platforms, it’s currently the lowest in the Mozo database.

Better still, Stake is also running an offer where you could receive 12 months of $0 brokerage when you transfer your ASX portfolio of at least $1,000 AUD to Stake (check the full terms & conditions).

In terms of the finer details, users will need to hit a minimum investment amount of $500 when buying a particular stock for the first time, though there’s no minimum on future purchases of the same stock. Users will also directly own their shares through the CHESS sponsorship system. 

And last but not least, Stake provides access to US markets and 6,000+ US stocks and ETFs via its Wall St option. Stake charges zero brokerage fees on US trades, but foreign exchange (FX) fees will apply on deposits and withdrawals.

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Who is it good for

With its super-low brokerage costs and access to both Australian and US markets, Stake’s share trading platform could be a worthy option for investors who want to keep their trading costs to a minimum.

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Any catches

While Stake is one of the more cost-friendly options around, it doesn’t have all the bells and whistles that come with other platforms, including features like access to live data.

Details

Rates and fees information correct as at 13 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees

$3.00

Trades under $30,000

0.01%

Trades over $30,000

$3 brokerage for trades up to $30,000 (A$3 for ASX trades, US$3 for Wall St. trades), then 0.01%.

no

$0.00

n/a

Earn Stake Rewards when you sign up, refer friends or transfer shares to Stake.

Tools

yes

Features

SMSF, Trust and Company accounts available.

no

Stake Black membership available at an additional subscription cost, includes market depth, course of sales, instant buying power, full financials, buy/sell ratings and price targets. Available for both AUS and Wall St or available separately.

none

Customer Reviews

This product does not currently have any community reviews. Be the first to write one.

About Stake

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CMC Invest

Share Investing

$0.00

0.1%

$0.00

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eToro

ASX Shares

$0.00

0.0%

$0.00

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