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):

Trade Value

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.

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Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152), and is registered as a Financial Service Provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (No. FSP774414). We hold a full licence issued by the Financial Markets Authority to provide a financial advice service under the Financial Markets Conduct Act 2013. However, the content on this website has not been prepared to take into account any of your individual objectives, financial situation or needs. To the extent you require further information about the relevant New Zealand legislation that may apply, or require specific advice, please contact your legal and/or financial adviser (as appropriate). 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 Terms & Conditions, Privacy Policy, Financial Advice Disclosure 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 class 36 (New Zealand).

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