Disclaimers
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 or financial products 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. .
At Stake, 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 is of a general nature only.
Please be aware that when investing, all your capital is at risk. 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 Guide before deciding to use or invest on Stake.
When opening an account with Stake you confirm that your details will be shared with DriveWealth, LLC (DriveWealth) and an application for a DriveWealth brokerage account (Limited Purpose Margin Account) will be made. Please read the DriveWealth terms and conditions, disclosures and customer agreement before applying for a Stake account.
When you sign up with Stake, we may also seek your consent to open in your name an Airwallex Wallet. Airwallex services will be accessible through the Stake platform, including Wallet Services to hold your funds in Stake, Top Up and Collection Services to top up funds and receive proceeds and payments from Stake, and Payout Services to pay out funds from the Wallet to a linked bank account or Stake.
Stake’s US broker-dealer, DriveWealth is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at SIPC - Securities Investor Protection Corporation. Check the background of DriveWealth on FINRA’s BrokerCheck here.
Information on Stake is not an offer, solicitation of an offer, or advice to buy or sell securities or any financial product, or to open a trading account in any jurisdiction where Stake is not registered to do so. Upon opening an account with Stake from a jurisdiction where Stake is not registered or able to market its services, you confirm that Stake did not make an offer, solicit an offer or provide any advice to buy or sell a financial product. If you are based in a jurisdiction where Stake is not registered (or regulated) you are responsible for ensuring that you comply with all local laws and regulations that you are subject to and for obtaining your own financial advice and legal advice if you are unsure.
Exchange Traded Funds
Before investing in an Exchange Traded Fund (ETF), an investor should consider the investment objectives, risks, charges, and expense of the investment company carefully. The prospectus contains this and other important information about the investment company. You should read the prospectus carefully before investing.
Inverse and leveraged ETFs are complicated instruments and are generally only suitable for experienced investors and traders who monitor their trading regularly and understand the nature of the product. On Stake, before trading these types of instruments, we suggest that you make yourself aware of the risks involved with them. We’ll also seek your confirmation that you understand these risks before you place a trade in one.
As these products are designed to meet their stated objectives on a daily basis, they may not be suitable for long term investments. Please make sure you are aware of these risks before you trade these products.
Over the Counter Securities
Before investing in an Over the Counter (OTC) security, an investor should be aware that OTC securities are securities that are not listed on a major exchange. An investor should consider whether investing in OTC securities is appropriate for them, taking into account their investment objectives, the risks of OTC securities and associated charges.
OTC securities may be more illiquid than securities listed on a major exchange, which may impact the execution price and an investor’s ability to buy or sell such securities within a reasonable period of time. OTC securities may be subject to higher volatility in price and spread. Further, OTC securities in certain companies may trade at a lower volume and any trade may impact the stock price more heavily.
Certain OTC securities may not be subject to the same minimum listing standards and regulatory requirements as listed securities on major exchanges. Companies may not be required to report and disclose certain information. Publicly available information about the company may also be difficult to obtain. There may also be business risks associated with OTC securities, including that the company may be new, have no assets, operations or revenues, or have products or services that are still in development. Investors should thoroughly research the relevant company before investing in an OTC security.
For more information about the risks, see here.
Self Managed Super Funds
Stake SMSF Pty Ltd (Stake Super) will assist in the establishment of a self-managed super fund (SMSF) under a ‘no advice model’. Stake Super is not licensed to provide financial product advice or arrange dealings in financial products under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up and administe an SMSF, or when you transfer an existing SMSF to Stake Super. When you sign up to Stake Super you are contracting with Stake SMSF Pty Ltd, however Stakeshop Pty Ltd will run marketing and promotions to you under licence from Sanlam.
Before deciding to establish an SMSF or making any financial decision, you should seek advice from a licensed financial adviser, tax adviser or lawyer as appropriate. This is not mandatory, but it is your decision whether or not to seek personalised advice for your SMSF. Stake Super cannot provide you with financial or taxation advice related to whether setting up a SMSF suits your personal objectives, circumstances or financial needs. Taxation is only one of the matters that must be considered before making any investment decision.
By completing an SMSF establishment application with Stake Super, you acknowledge and agree that you are not being provided with advice with regards to whether: (1) a SMSF is suitable for you; (2) it is appropriate or not for you to transfer your existing super to a SMSF; and (3) you should or shouldn’t take out a life and disability insurance policy owned by your SMSF.
SMSFs come with certain risks and when you set up a SMSF you take on certain obligations as a trustee. There are also unavoidable costs relating to a SMSF. For more information about these risks, obligations and costs see here.
As part of the Stake Super establishment application, you appoint Stake SMSF Pty Ltd as Tax Agent and independent SMSF auditor (ASF Audits Pty Ltd) to your fund and its trustee company. You also us appoint Stake SMSF Pty Ltd as your ASIC Registered Agent (no. 48458).
Also as part of the Stake Super application you provide Stake Super with authority to give Stakeshop Pty Ltd instructions to establish in the name of your SMSF an Airwallex Stake Super AUD Wallet to store funds and Stake DriveWealth account for trading. You can use your Stake DriveWealth account for trading with respect to your SMSF. Additional fees may apply as per the Stake Super Fee Structure if you elect to establish or acquire different financial products.
System Availability, Orders, Execution and Data
Stake offers different order types including market, limit and stop orders.
A market order is an order to buy or sell a security at the current market price as quickly as possible. Market orders generally prioritise successful order execution over order price. They are not guaranteed to execute at the last price at the time you submit an order. Due to volatility and other factors, market orders may execute at a significantly different price. Market orders are not guaranteed to execute, due to illiquidity for example. Aus Market orders placed through Stake are converted to limit orders just above (for market buys) or just below (for market sells) the market price. This offers a level of price protection, but means if the price suddenly moves outside these limits, the market order cannot execute. You should monitor the status of your market orders.
A limit order is an order to buy or sell a security at a specified price or better. Limit orders only execute if the security’s market price reaches the limit price set by you or better. If the specified limit price is never reached, the limit order will not be executed.
A stop order is an order to buy or sell a stock once a specified trigger price is reached. If the trigger price is reached, this triggers a market order to be placed for the desired trade to execute at the best price immediately obtainable. Stop sell orders are often used to limit the amount of losses if a stock price falls, however they are not guaranteed to execute, and may execute at a significantly worse price than the trigger price. Stop orders may reduce your trading risk, but they do not completely eliminate it. For example, in a highly volatile market the market price may drop so quickly that there is no opportunity to liquidate your position at the stop price designated. You should monitor the status of your stop orders, especially once the trigger price has been met.
It is important to note that the limit price or stop price specified by you may not be reached and your order may expire or be canceled beforehand. The exchange, Stake, or the broker, may need to cancel your order due to causes including (but not limited to) corporate actions, market statuses, or your specified price becoming too far from the market price. Even if the limit price or stop price specified by you is reached, your order may still not execute for a range of reasons, for example due to a lack of liquidity or technical error.
You may also place specific order types with different ‘time-in-force’ instructions or expiry periods that indicate how long an order will remain active before it is executed, canceled or expired.
It is your responsibility to monitor and manage your orders and instructions. You may not always be able to amend or cancel your instructions related to certain order types before the order is executed in full or part.
With all orders, factors such as market conditions, price volatility and liquidity may mean that an order is only partially executed, or not executed at all. Orders are not guaranteed to be placed by us or guaranteed to execute in full or part, at a certain time or at a particular price. Orders may expire or be canceled or purged by Stake, our Service Providers or the market operators or participants.
Please refer to the best execution terms of Stake’s US broker here and Aus broker here.
System availability and response times, data, liquidity, execution speed and price are subject to market conditions, order size, order types, any connection limitations and various other factors.
All chart data is provided for informational purposes and should not be relied on for taxation or any other purposes.Please note that market data is provided courtesy of DriveWealth LLC, Tiingo and ASX Marketsource and FX data is provided by Airwallex. No representation or warranty is made as to the timeliness, reliability, accuracy or completeness of the material and Stake does not accept any responsibility arising in any way for errors in, or omissions from, that data.
Analyst Ratings
Stake sources information such as financial data, market data and depth, course of sales, analyst ratings and stock ratings (Information) from third party vendors. Data is not delivered on a real-time dynamic streaming basis. System availability and response times, data, liquidity, execution speed and price are subject to market conditions, order size, order types, any connection limitations and other factors. No representation or warranty is made as to the accuracy, completeness or timeliness of the Information and Stake does not accept any responsibility arising from errors in, or omissions from, the Information.You agree that such Information is for informational purposes only and is not intended to constitute a recommendation or general or personal financial advice and that as a result of having access to or using the Information, no agency or advisory relationship is created between you and Stake. Neither Stake nor any third party provider is responsible for any investment decisions or for any damages or other losses resulting from the use of the Information.
Waitlist and Promotions
Getting “early access” to a promotion is defined as signing up with a valid email address on a waitlist for an upcoming feature or promotion. Early access to the promotion or feature with Stake is not an offer or solicitation of any financial services or any confirmation that a trading account with Stake or any account with any of its partners has or will be opened.
Priority on any waitlist or promotion may be given to existing customers of Stake.
Stake may from time to time run promotions or programs offering rewards or incentives. If you elect to enter such an offer, you agree to the terms and conditions that apply to such promotion or program.
Pricing
Stake may from time to time offer zero or discounted brokerage on its platform, including in respect of certain promotions and Stake Rewards. Other fees still apply including (but not limited to) foreign exchange, account, alternative dispute resolution, securities and exchange commission & FINRA (regulatory sell side) fees depending on whether you are using Stake AUS or Wall St. Please see our pricing information for more detail on all applicable fees. Pricing may be updated at any time and customers will ordinarily be provided with 20 days notice.
Third Party Links
Links on hellostake.com/au, the Stake app or any Stake related website may take you to a third party site. These sites are not affiliated with Stake and may have a different privacy policy, level of security and terms & conditions.