WCE Double-Free Stock Terms & Conditions

Last updated 21 September 2021

Overview

The Double-Free Stock Promotion (DFSP) is run by Stakeshop Pty Ltd (Australia). The promotion provides new customers with two free US-listed stocks when they fund their Stake account using payment methods provided by Stake within Stake’s platform.

This promotion allows for registered Stake users (a “Stake user”) to receive two free shares for their first funding. To participate, Stake users must agree to these terms (DFSP Terms & Conditions), which are in addition to the Stake Terms & Conditions.

The Double-Free Stock Promotion period is defined as 12:01 am AEST on 23rd September 2021 through to 11:59 pm AEST on 30th September 2021. Terms & Conditions set out the promotion and the conditions and restrictions of the promotion.

These DFSP Terms & Conditions set out the promotion and the conditions and restrictions of the promotion.

Eligibility Criteria

In order to qualify for this you must meet all of the following:

  1. Does not have an existing funded individual or non-individual (Company, SMSF) Stake account before 12:01 am AEST on 23rd September 2021.
  2. Uses the promotional code EAGLES when creating their new Stake account.
  3. Fund their account within 24 hours or a time limit set by Stake of first viewing the Portfolio/Dashboard page after completion of creating their account on the Stake App and/or Website.

How it works

If you meet the Eligibility Criteria above, you will be asked to Claim your Free Stock after initiating your first funding through the Stake App and/or Website through the Stake platform using the funding gateways below.

For the removal of doubt, here are the funding gateways that will earn free stock on first fundings. This list may be updated from time to time.

Australia

  • POLi
  • AUD Wallet Transfer (via Macquarie)

Promotion Election

Once eligible under the Eligibility Criteria, you can elect to claim your free stock and be part of the DFSP or elect not to receive free stock. If you elect to claim your free stock, you agree to the DFSP Terms & Conditions listed in this document.

If you agree and proceed by clicking the ‘Claim Stock’ button, you will play a free stock mystery game during which Stake will randomly issue you one of the six available stocks which will be presented to you at the time of spinning for stock. The free stock (or fraction of) earned will range in value of up to $150USD. Most people receive a stock bonus that has a value of less than $10 USD.

Upon allocation of the first free stock, your account will be credited with another free stock of the same company on October 1st after the conclusion of the promotional period.

Restrictions

Customers are not eligible to set up multiple accounts to claim free stock. For the avoidance of doubt, only 1 claim of double-free stock can be made per person under this promotion.

This promotion is also not available to:

  • Non-Individual accounts (SMSF, ISAs, Company and Minor accounts)
  • Customers who already have a funded account
  • Customers who already have an existing funded account with Stake (unless made via direct USD transfer)

Implications of owning stock

Owning a share in a business comes with fluctuations in price. Share prices fluctuate daily and can be a volatile asset. Stake is not in any way promoting and/or recommending the stock you are issued with as part of this Double-Free Stock Promotion.

Tax Implications

You may be liable for capital gains tax on the entire value of the share when sold. This is dependent on your personal circumstance and you will need to seek advice from a tax professional.

Expiry of Claiming Free Stock

Free Stock is only available 24 hours from when you first view the Dashboard/Portfolio page on the Stake App / Website after your Stake account becomes approved.

If you do not fund within 24 hours of first viewing this page, or you actively elect not to claim your free stock, you will no longer be eligible for the Double-Free Stock Promotion

Affiliation with West Coast Eagles

Stake is an official premier partner of the West Coast Eagles Football Club. This promotion is run and managed by Stake in conjunction with the partnership agreement. West Coast Eagles Football Club is not a sponsor or promoter of the Double-Free Stock promotion.

No Affiliation

Stake or any of its employees is not affiliated with any company or issuer whose stock may be part of the Double-Free Stock Promotion and is not affiliated with any exchange that the stock may be listed or traded on.

Severability

If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.

Termination and Changes

Stake may suspend or terminate the Promotion or a user’s ability to participate in the Double Free Stock Promotion at any time for any reason.

We reserve the right to suspend accounts or remove Free Stock if we notice any activity we believe is abusive, contrary to Stake’s brand values, fraudulent or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.

The scope, variety and type of services and products that you may obtain by redeeming Stake Rewards can change at any time.

Legal & Updates to the terms

These Double-Free Stock Promotion Terms & Conditions are governed by and construed in accordance with the laws of New South Wales, Australia and shall be subject to the jurisdiction of the New South Wales Courts.

We can update these Double-Free Stock promotion T&Cs at any time without prior notice. If we modify these terms, we will post the modification on the Stake website & app which are effective upon posting. Continued participation in the Double-Free Stock promotion after any modification shall constitute consent to such modification.

Please see the West Coast Eagles 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. 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, 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. 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 use or invest on Stake. By using the Stake 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 is a registered trademark under classes 9 and 36 (Australia).
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