Changes to our pricing
On 4 March 2023, we’ll be increasing our brokerage fees for the first time.
In just five years, Stake has expanded a global presence across three continents, quickly chasing down many of the establishment brokers. As we transition from challenger to leading modern brokerage – and amidst rising costs in the current economic environment – this change is part of continuing to build out a robust financial services company while still innovating on products and services for you.
The changes introduces competitive brokerage fees on Wall St trades, which are currently $0.
As always, Stake continues to provide you fantastic access to the markets with over 6,000 U.S. stocks and ETFs, as well as OTC stocks all delivered in a clean, market-leading investing experience.
New Brokerage fees (from 4 March 2023):
Stake Wall St (USD)
Up to $30,000
$30,000 and over
The above brokerage fees will apply to all trades of securities, including over the counter (OTC) and exchange traded funds (ETFs).
- There will be no change to our FX fee for converting NZD to USD and vice versa.
- There will be no change to either the monthly or yearly membership cost of Stake Black.
You can see our full current pricing here, still effective until 4 March 2023.
We wanted to ensure that you had plenty of notice about this change. If you’d rather transfer your portfolio out of Stake to another broker, you can do so at any time.
If you have any questions about this change, please contact us here.
As always, we thank you for being part of our 500k+ strong community.
When do these pricing changes come into effect?
The pricing changes will come into effect on 4 March 2023. Until then, you can invest as normal under our current fee structure.
Why is Stake changing its pricing?
Alongside rising costs of providing our service, as Stake transitions from disruptor to a leading modern brokerage, this change is part of continuing to build out a robust financial services company offering you trusted, world-class products and services.
Will OTC still be free as part of Stake Black?
From 4 March 2023, over-the-counter trades will be offered to all Stake Wall St customers, in line with the new pricing. This means OTC stocks will no longer be exclusive to Stake Black, nor free to trade within Stake Black.
What happens if I place my trade before March 4 but it’s only executed after March 4?
Brokerage fees will be charged at the time your order is placed, not at the time your order is executed. So, if you place a trade before March 4 that is only executed after March 4, you will still pay brokerage fees as per our current (pre-March 4) pricing.
Are there any changes to Stake’s other pricing, like FX fees?
No. There will be no change to our FX fee. There will also be no changes to either the monthly or annual membership cost of Stake Black.
Are the free stock referral rewards still available on Stake Wall St?
Yes. The only change to Stake Wall St is the introduction of competitive brokerage fees. Everything else will remain the same, including your ability to earn free stock for referrals.