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Keeping your Stake account secure

From CHESS sponsorship to stringent data protection measures, here are a few ways Stake provides a safe and secure platform to invest.

At Stake, our number one priority is ensuring the safety and security of your account. We work with world-leading technology and data storage partners along with Australian and U.S. market regulators to ensure a secure investing experience.

2-Factor Authentication (2FA)

To enhance the security of your account, all Stake customers are required to set up 2FA via SMS verification. 2FA adds an extra layer of protection by requiring you to input a security code when accessing Stake via desktop or mobile.

For the maximum level of security, we recommend using 2FA through a device authenticator app such as Google Authenticator or Authy. This requires a specific device to be used to access your account.

2FA will also be used to complete key account actions, such as withdrawing funds or changing personal information.

SIPC protection on Wall St

Our Wall St broker, DriveWealth, LLC, is a U.S. broker-dealer registered with FINRA (U.S. regulator) and a member of the Securities Investor Protection Corporation (SIPC). Under DriveWealth’s SIPC membership, Stake customers get the benefit of SIPC protection over their holdings or cash (up to US$500,000, which includes up to US$250,000 for cash), regardless of whether you are a U.S. citizen or not.

SIPC protects the custody function of the broker-dealer (DriveWealth), which means in the unlikely event of its liquidation, the SIPC protection will cover the securities and cash in your account at that time. 

Please note, the SIPC does not protect against a decline in portfolio value. If you’d like to learn more about the SIPC and how it operates, you can visit its website.

CHESS & HIN on the ASX

Stake is proud to be a CHESS-sponsored investing platform. When you purchase ASX shares on Stake, you get all the benefits of CHESS sponsorship. 

The shares are held directly with the ASX under your unique Holder Identification Number (HIN), which includes your name and tax file number. This means you always retain ownership of your shares, even in the unlikely event that something happens to Stake. 

For a deeper understanding of CHESS and how it works, check out our Stake Academy article here.


We work to meet the highest standards of the privacy regimes in Australia and all the markets we operate. As we are also a UK-regulated firm, we adhere to a privacy policy that is set out under the General Data Protection Regulation (GDPR). 

In terms of storing data, we work with Amazon Web Services and Google Cloud Platform to store your data securely. You can find more information about how we handle your personal information in our privacy policy here.

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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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