CHESS-sponsored brokerage for added security
Hold ASX shares under your own HIN with $3 CHESS-sponsored trades (up to $30k).
Proud to bring you CHESS sponsorship
When you invest on the ASX with Stake, you enjoy:
You’ll get your own HIN (Holder Identification Number) so shares are actually held in your name.
$3 brokerage for all trades up to A$30,000, or 0.01% for trades above A$30,000.
A platform made for this century
A powerful yet easy-to-use experience on mobile and desktop, whether you’re a starter or a pro.
Fast digital transfers
Our patent-pending portfolio transfer process brings your shares to Stake in no time, with no paperwork.
How we compare
Trade fees vs Other CHESS-sponsored brokers
$0 - $1,000
$1,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $25,000
$25,001 - $30,000
Learn more about what exactly being CHESS-sponsored means.
The minimum investment on the ASX is $500 (excluding brokerage) when buying a specific stock for the first time. This is known as the “minimum marketable parcel” and is a requirement for all CHESS-sponsored investments under your own HIN. There is no minimum purchase size if you hold shares in a specific stock.
“STAKE UNDERCUTS STOCKBROKING MARKET BY TWO-THIRDS”
“THE $3 COST FOR ASX BROKERAGE MAKES THE PLATFORM THE LOWEST-COST CHESS-SPONSORED OFFERING”
“A homegrown start-up that has helped “break down barriers” for Australians”
1000's of 5-star reviews
As a former commsec user, I love how easy the app is to navigate and with ASX now available switching between markets is easy.
I've never written an App review before, but Stake really has continued to wow me.
I started using Stake for US trading, and recently (very easily) transferred my ASX portfolio across to utilise the cheap trades.
Switched from nabtrade. Much better experience. Far cheaper.
A well designed and easy to use app to trade on the USA and AUS markets.
Trade with Stake using your unique HIN
- 1Sign up in minutes, all you need is some I.D.
- 2Click Stake AUS
- 3Deposit in seconds, funds arrive in minutes and you're away
What's on the Stake Desk
CHESS stands for Clearing House Electronic Subregister System. It was developed and is maintained by the Australian Securities Exchange (ASX). The CHESS system facilitates trades, settles funds following buys and sells and transfers legal ownership of securities. Most importantly for our investors, CHESS-sponsored platforms like Stake allow positions to be held in an individual’s name. Learn more in our article ‘What is CHESS?’.
Stake is proud to offer CHESS-sponsored brokerage, allowing users to own the shares under their own Holder Identification Number (HIN).
By investing with a CHESS-sponsored investing platform, you’re given your own Holder Identification Number. Every position in your portfolio is then attributed to this HIN. More info on how the HIN works here.
The main benefit of the CHESS-sponsored system is security, as it gives you direct ownership over your shares. Other platforms may hold shares on their own balance sheet and only attribute to you rights to a position, rather than full ownership. This is known as a custodian model and it means shares are not immediately attributable to an owner. Should custodian platforms face a shutdown, there may be difficulties in returning the shares to customers.
When you purchase shares through a platform that is CHESS-sponsored, the HIN is used to identify the relationship between you and the platform. Any shares that you purchase through the platform are linked to you by your HIN number.
When shares are purchased through an issuer-sponsored platform, they're sponsored by the company that first issued them and not the platform. The relationship between you and the shares is managed by a third-party share registry. When you buy issuer-sponsored shares, you receive a Security Reference Number (SRN) for each parcel of shares.