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. You also agree to make all of your fully paid US listed securities available to be lent to DriveWealth in return for a payment. This will include agreeing to DriveWealth causing cash or other collateral to be held in a third-party custodial account for your benefit to secure the loan. Please read the DriveWealth terms and conditions, disclosures, customer agreement and master securities lending agreement documents 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). Please be aware that SIPC may not protect you with respect to loaned securities once such securities are removed from your account. 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.
ETFs
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.
Fully Paid Securities Lending (Stock Lending)
Before participating in fully paid securities lending on Stake (Stock Lending), please consider whether it is right for you and seek appropriate financial, legal and taxation advice. You should consider your financial situation and needs, tax status, investment objectives, investment time horizon, liquidity needs, risk tolerance and any other relevant information. Stake does not take these into account. Please review Stake’s Financial Services Guide, Terms and Conditions and Stock Lending Explained page, as well as DriveWealth’s Risk Disclosures and Master Securities Lending Agreement before joining Stake.
Only ‘fully paid’ securities are eligible to be loaned, that is, securities that are in your Stake account which have settled and have been fully paid for by you. There is no guarantee that your securities will be loaned. The securities actually borrowed, the duration of each loan and the revenue earned will vary based on market conditions and borrowing demand, amongst other things. If DriveWealth borrows your securities, it may then lend those securities to other market participants such as banks, investment funds, brokers etc. If your securities are loaned, you should be aware that they could be used to facilitate short selling, which could put downward pressure on the price of the loaned securities and affect the long term value of your securities.
When your shares are lent, ownership of the shares transfers from the lender (you) to the borrower. However, you retain a contractual right to the return of the loaned securities and may sell your shares or opt-out of Stock Lending at any time which will terminate the loan. As you retain economic ownership of the shares, you will still be exposed to fluctuations in the value of the shares while they are on loan.
You may opt-out of securities lending at any time by opening your US Wall St Account and clicking on Settings > Trade Settings > Stock Lending Settings > Uncheck the ‘Stock Lending Income Program’ button.
If there is a dividend payment or other distribution made while your securities are on loan, you will receive an equivalent cash payment. However, generally loans will be terminated prior to dividends being paid and you will receive the dividends as usual. Be aware that such income may attract tax consequences and consider whether it’s appropriate to obtain professional tax advice. While a loan is outstanding, and until loaned securities are credited back to your account upon termination of a loan, you will lose your right to vote in respect of the loaned securities.
When your securities are on loan there is also a risk that the borrower is unable to return them. To protect lenders, assets valued at least the same value of the borrowed securities will be set aside in a separate collateral account. In the event that the borrower defaults on the loan or your securities, you (the lender) can be repaid from the collateral. When you sign up to Stake, DriveWealth will seek your consent and authority to establish and maintain such a collateral account for the benefit of all Stake’s customers whose US securities are lent.
Please be aware that SIPC may not protect you with respect to loaned securities once such securities are removed from your Stake account, and therefore, the collateral held may constitute the only source of satisfaction of DriveWealth’s obligations in the event DriveWealth fails to return the loaned securities.
Information on Stake is not an offer, solicitation of an offer, or advice to loan securities.
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 advice under the Corporations Act. 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 a SMSF or making any financial decision, you should seek advice from a 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 advice related to whether setting up a SMSF suits your personal objectives, circumstances or financial needs. Any information provided, whether via the hellostake.com/au website, email marketing correspondence, social media or otherwise, is for the sole purpose of ensuring compliance with applicable superannuation legislation.
Specifically, 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, Execution, Data
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.
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.