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Changes to our pricing

On 4 March 2023, we’ll be increasing our brokerage fees for the first time.

In just five years, Stake has grown to be the fourth largest brokerage in the country, quickly chasing down the big banks. As we transition from challenger to Australia’s leading modern brokerage – and amidst rising costs in the current economic environment – this change is part of continuing to build out a robust financial services company while still innovating on products and services for you.

The changes include:

  • The introduction of a competitive brokerage fee on Wall St trades (up from $0) and;
  • A low percentage fee on large value Wall St and AUS trades. This will replace the existing fixed fee for large value Stake AUS trades.

As always, Stake continues to provide you fantastic access to the markets with over 8,000 U.S. and ASX stocks and ETFs, U.S. OTC stocks, ASX exchange-traded bonds and hybrid securities, all delivered in a clean, market-leading investing experience.

New Brokerage fees (from 4 March 2023):

Trade Value (USD or AUD)

Stake Wall St (USD)

Stake AUS (AUD)

Up to $30,000



$30,000 and over



The above brokerage fees will apply to all trades of securities, including over the counter (OTC) and exchange traded funds (ETFs).

  • There will be no change to our FX fee for converting AUD to USD and vice versa.
  • There will be no change to either the monthly or yearly membership cost of Stake Black.

You can see our full current pricing here, still effective until 4 March 2023. This is also set out in our Financial Services Guide.

We wanted to ensure that you had plenty of notice about this change. If you’d rather transfer your portfolio out of Stake to another broker, you can do so at any time.

If you have any questions about this change, please contact us here.

As always, we thank you for being part of our 500k+ strong community.


When do these pricing changes come into effect?

The pricing changes will come into effect on 4 March 2023. Until then, you can invest as normal under our current fee structure.

Why is Stake changing its pricing?

Alongside rising costs of providing our service, as Stake transitions from disruptor to Australia’s leading modern brokerage, this change is part of continuing to build out a robust financial services company offering you trusted, world-class products and services.

Will OTC still be free as part of Stake Black?

From 4 March 2023, over-the-counter trades will be offered to all Stake Wall St customers, in line with the new pricing. This means OTC stocks will no longer be exclusive to Stake Black, nor free to trade within Stake Black.

What happens if I place my trade before March 4 but it’s only executed after March 4?

Brokerage fees will be charged at the time your order is placed, not at the time your order is executed. So, if you place a trade before March 4 that is only executed after March 4, you will still pay brokerage fees as per our current (pre-March 4) pricing.

Are there any changes to Stake’s other pricing, like FX fees?

No. There will be no change to our FX fee. There will also be no change to either the monthly or annual membership cost of Stake Black.

How will the Stake AUS referral rewards work with these changes?

On Stake AUS, for every person you successfully refer, you’ll still get $1 off your brokerage fees for 12 months. Three of these can be active at any one time (getting you up to $3 off each trade). This will continue to be the case, and this discount will simply be deducted from the relevant brokerage fee based on the trade value.

Are the free stock referral rewards still available on Stake Wall St?

Yes. The only change to Stake Wall St is the introduction of competitive brokerage fees. Everything else will remain the same, including your ability to earn free stock for referrals.

Don’t have Stake?

Get $10 when you fund Stake AUS, a free US stock when you fund Stake Wall St. Do both, get both!

Terms & Conditions.

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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