How can we help?

Wall St pre-trade filters

Stake is not a direct participant in U.S. exchanges. All Wall St orders are executed through our U.S. partner, DriveWealth LLC, which operates under the Securities Exchange Act and the trading rules of Nasdaq and NYSE, as overseen by the SEC and the exchanges themselves.

Every order placed on Stake is subject to pre-trade checks by both Stake and DriveWealth to ensure fair and orderly trading.

What is reviewed before an order is placed?

DriveWealth and Stake assess several factors before accepting or executing your order, including:

  • The size and type of the order

  • Terms and conditions applied to the order

  • Current market conditions and demand

  • Recent trading activity of the security

  • Trade value (volume and price)

  • Frequency of order submissions

  • The potential for market impact from execution

Orders may be rejected if they are seen to violate regulatory standards or raise concerns about market manipulation.

Reasons a pre-trade filter may be triggered

  • It’s placed too far from the current market price

  • The security is subject to a market-wide trading halt

  • The volume or price significantly deviates from recent trading history

  • Additional orders are entered for the same security at similar prices

  • The order is placed right after market open or during the closing auction

  • The security has been suspended, delisted or affected by a corporate action (e.g. merger, stock split)

DriveWealth can also cancel or amend transactions as part of maintaining market integrity. If this happens, any benefits or entitlements from the cancelled transaction will be lost.


Did you find this helpful?


Stake logo
Over 12,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

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).

Copyright © 2025 Stake. All rights reserved.