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We partner with several companies to deliver a seamless, intuitive and safe investing experience.

Stake and its partners are regulated across Australia, the United States and New Zealand.

Below you’ll find more details and what this means for you. 

Stake

• In Australia, Stakeshop Pty Ltd (Stake) is an Authorised Representative (Authorised Representative No. 1241398) of Stakeshop AFSL Pty Ltd, which holds Australian Financial Services Licence No. 548196 issued by ASIC.
   
• In New Zealand, Stake is a Registered Financial Services Provider under the Financial Services Providers Act 2008 (No. FSP774414). 

Our Partners

We provide a trading platform for our customers to trade stocks on certain Australian stock exchanges (including Cboe and the ASX) and U.S stock exchanges. Stake itself is not a direct participant of the stock exchanges through which these trading services are provided.

Instead, we have partnered with reputable and experienced licensed brokers to provide these services to you for our Stake AUS and Stake Wall St offerings.

Handling of Funds, Foreign Exchange

Airwallex Pty Ltd

For Stake AUS, Stake Wall St or the Stake Accumulate Fund, we have partnered with Airwallex Pty Ltd (AFSL No. 487221) to provide non-cash payment services, foreign exchange and remittance services.

Airwallex is globally regulated:

• In the U.S., as a licensed money transmitter (NMLS No.1928093)
• In Australia, by ASIC (AFSL 487221)

In New Zealand, we have partnered with J.P. Morgan to provide banking and foreign exchange services.

Airwallex and J.P. Morgan provide Stake customers with swift and secure deposits, withdrawals and a virtual wallet. They also sit behind each FX transaction, ensuring that funds are transferred in a timely and secure manner to U.S. investing accounts.

Stake Wall St

Drivewealth LLC

Stake Wall St is a service by which Stake, as agent and introducing broker of the customer, arranges for the execution and clearing of U.S. securities orders by its Service Provider, DriveWealth LLC (DriveWealth), a U.S. broker-dealer regulated by the U.S. Securities and Exchange Commission (SEC) (No. 8-69161) and Financial Industry Regulatory Authority (FINRA) (CRD no. 165429).

On Stake Wall St, customers’ U.S. shares are held on trust by Depository Trust Company (DTC), which is a member of the U.S. Federal Reserve System. DriveWealth provides execution (itself and via its affiliate DriveWealth Institutional LLC), clearance, settlement, custody and cashiering services in respect of U.S. securities transactions. Resulting trades are cleared and settled by DriveWealth, with each customer's securities position held on trust by Depository Trust Company (DTC), a member of the U.S. Federal Reserve System.

The uninvested U.S.-denominated cash of each Stake Wall St Customer is swept by DriveWealth as agent into an omnibus bank deposit account at Citibank where it is held by DriveWealth for the benefit of each Stake Wall St Customer. The Federal Deposit Insurance Corporation (FDIC) provides insurance coverage to each Stake Wall St Customer up to US$250,000 per legal category of account in the event of a bank failure. DriveWealth is a member of the Securities Investment Protection Corporation (SIPC), which protects Stake customers who have U.S. securities additionally for up to US$500,000 in the event that DriveWealth goes bankrupt or is in financial trouble.

You can read more about SIPC on their website.
 

Customer Verification, Market Data and Payments

Other partners

Other key partners involved in bringing you better, safer access to the U.S. stock market include the following:

• Trulioo, Sumsub and Onfido: for the digital verification services required to meet our KYC (Know Your Customer) and
• AML (Anti Money Laundering) requirements.
• Tiingo: our data provider for market and company information you see on Stake.
• Checkout.com: a global payments platform.