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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. .
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 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 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 LLC, 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 LLC 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.
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.
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 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 in 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 our nominated Tax Agent (Grow SMSF Pty Ltd) 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). You authorise Stake SMSF Pty Ltd to replace Grow SMSF Pty Ltd as Tax Agent when the company is registered as a tax agent with the Tax Practitioners Board and ASIC Registered Agent when the company is registered as an Agent with ASIC.
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.
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.
Zero brokerage and free trading of stocks refers to $0 brokerage (or commissions) on a Stake trading account. Relevant foreign exchange, account, alternative dispute resolution, securities and exchange commission & FINRA (regulatory sell side) fees may apply depending on whether you are using Stake AUS or Wall St. Please see our pricing information for more detail on all fees. Pricing may be updated at any time and customers will ordinarily be provided with 20 days notice.
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