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.
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.