Stake’s revenue comes from:
<ul>
<li>Brokerage fees on U.S. shares</li>
<li>FX fees on transfers NZD into or out of USD</li>
<li>Optional deposit fees like FastFunds Funding or Card Funding</li>
<li>Stake Black membership fees</li>
<li>Net interest earned on held cash</li>
<li>Stock lending (<a href="https://hellostake.com/legal/stock-lending-explained" target="_blank" rel="noopener noreferrer">learn more</a>)</li>
</ul>
USD is maintained within your U.S. account by DriveWealth, our U.S. broker-dealer partner. DriveWealth is registered with FINRA (U.S. regulator) and a member of SIPC – which protects Stake customers who have U.S. securities for up to $500,000 (including $250,000 for claims for cash). You can read more about SIPC on their <a href="https://www.sipc.org/" target="_blank" rel="noopener noreferrer">website</a> and safety &amp; security on Stake <a href="https://hellostake.com/support/privacy-and-security/shares-and-funds-security/26010910072729" target="_blank" rel="noopener noreferrer">here</a>.
All transfers into your account, trade settlements, dividends and other corporate action-related distributions are held in your Stake Wall St account balance until you make a trade, transfer or withdrawal.
Our broker partner purchases DAGXX, a money market fund administered by Bank of New York Mellon. The holdings in this fund are rebalanced as your cash balance moves up and down, which you'll see displayed on your Monthly Account Statement.
With every transaction on Stake, you'll see any charges before you confirm. You can learn more about our NZ pricing <a style="background-color: #ffffff;" href="https://hellostake.com/pricing">here</a>.

Stake's revenue streams

<h4 id="h_01HGVVYPBCZ27PJZSMWVT2X8V7">Regulation and licensing </h4>
Stake is a Registered Financial Services Provider under the Financial Services Providers Act 2008 (No. FSP774414). While Stake is not the direct offeror of U.S. securities in New Zealand; we facilitate trades that are executed by DriveWealth, a U.S.-regulated broker-dealer. Stakeshop is authorised as a Financial Advice Provider (Class 1) by the Financial Markets Authority (FMA) in New Zealand. However, the content on the Stake website has not been prepared with your individual objectives, needs or financial situation taken into account. Should you require specific advice or further information about the relevant New Zealand legislation that may apply, please contact your legal and/or financial advisor (as appropriate). 
<h4 id="h_01HGVVYPBC9P2H7X1C0VHPARXF">Dispute resolution</h4>
Stake is a member of the FSCL dispute resolution scheme in New Zealand and registered on the FSPR. Please refer to Section 37 of our <a href="https://hellostake.com/legal/terms-conditions">Terms and Conditions</a> for more information on how you can contact FSCL. As Stake customers enter into our agreement with our broker-dealer partner DriveWealth from signup, you’ll also have access to their dispute resolution processes.  We strive to improve your investing experience and welcome any feedback you may have. You can get in touch with our customer support <a href="https://hellostake.com/support/contact-us">here</a>.

How Stake operates in NZ

We partner with several companies to deliver a seamless, intuitive and safe investing experience – and to ensure that your assets are secure and protected.
Stake and its partners are regulated in Australia, the United States, the United Kingdom and New Zealand. Below you’ll find more details and what this means for you.  
 
<h4 id="h_01HGVVH7N8GB6KEEE7CQZYHX23">Stake</h4>
<ul>
<li>In Australia, Stake is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927). </li>
<li>In the UK, we are authorised and regulated by the UK Financial Conduct Authority (FRN: 830771) as Hellostake Limited. </li>
<li>In New Zealand, Stake is a Registered Financial Services Provider under the Financial Services Providers Act 2008 (No. FSP774414). </li>
</ul>
<h4 id="h_01HGVVH7N8NY0AHHN5EV0FVC2M">Our Partners</h4>
DriveWealth provides U.S. brokerage and execution services to Stake and its customers. It’s connected to the relevant exchanges to ensure that orders are executed in accordance with your instructions as the investor. DriveWealth, LLC is a U.S. broker-dealer registered with FINRA (U.S. regulator), subject to the stringent regulations of the SEC (The U.S. Securities and Exchange Commission) and a member of SIPC – which protects Stake customers who have U.S. securities for up to US$500,000 (including US$250,000 for claims for cash). You can read more about SIPC on their <a href="https://www.sipc.org/">website</a>.  Airwallex is Stake's FX transfer partner, providing our customers around the world with a more competitive and seamless foreign exchange service within the Stake product. Airwallex sits behind each FX transaction, ensuring that funds are transferred in a timely and affordable manner to your U.S. investing account. Airwallex is regulated globally:  
<ul>
<li>In the U.S. as a licensed money transmitter (NMLS #1928093).</li>
<li>In Australia, by ASIC (AFS Licence number 487221). </li>
<li>In NZ, as a financial service provider on the Financial Service Providers Register (#1001602).</li>
<li>In the UK, by the Financial Conduct Authority (FRN: 900876).</li>
</ul>
Other partners are involved in bringing you better, safer access to the U.S. stock market, including: 
<ul>
<li>Trulioo - For the digital verification services required to meet our KYC (Know Your Customer) and AML (Anti Money Laundering) requirements.</li>
<li>Tiingo - Our data provider for market and company information you see on Stake.</li>
<li>Checkout.com - A global payments platform.</li>
</ul>

How can we help?

Stake's revenue streams