This post has been edited on June 11, 2020 with the following update. The date fees for Brokerage Packs will begin to be collected has changed from July 1, 2020 to January 2021.

 

 

Introducing Brokerage Packs

Since 2017, we’ve been on a mission to break down the barriers denying people around the world simple, affordable access to the world’s largest and most dynamic market.

To ensure we continue to grow and improve, and so you can get more from the market, we’re announcing a change to our product and pricing model.

Introducing ‘Brokerage Packs’, a tiered offering providing varying levels of sophistication and access designed to meet the needs of all investors, whether you’re new to the market or a seasoned pro.

‘Stake Starter’, is our free pack (and always will be!), providing fantastic access to the market including unlimited free trades and fractional shares. For those who want to step up, two premium packs – ‘Stake Unlimited’ and ‘Stake Black’ – offer next-level access for just US$9 and US$19 per month respectively.


As part of the transition, charges won’t be introduced until January 2021, so you can experience these premium packs on us.

Why the change in the first place?

We’re in this for the long haul, committed to our mission. Brokerage Packs create a sustainable model allowing us to provide customers with more value and a better experience now and into the future.

Our focus will be rapidly improving Stake on a frequent basis, building your requested features. More advanced order types, better data, better charting, reporting, and more. So expect many features to be added to the premium packs before fees take effect.

For example, we’ve now introduced trading on unsettled funds as part of Stake Black. We’re excited to introduce this as so many of you have been after it! Due to pattern day trading rules, Stake Black will initially only be available to those with account values over $30k. Between now and January 2021, we will be working to build in the necessary protections, making it available to all.

This change also allows us to take Stake to the world with clear pricing that people aren’t skeptical of.  We’re taking a stand for fairness and transparency while other brokers are making their customers their product. And, as we grow and bring on more customers globally, we’re able to reinvest more into improving our platform; a benefit to all.

Finally, this shifts our reliance away from FX fees. Stake is a brokerage business and that’s where we want to focus. Before January 2021, we’ll aim to lower the cost of FX transfers and make it more affordable to make transfers in. We’ll be making an announcement soon on what these will look like.

About the Brokerage Packs

Introducing Stake Starter, Stake Unlimited and Stake Black, three tiers designed to suit investors and traders of all types and levels in the market.

‘Stake Starter’ is our free pack and it’s pretty awesome. Stake is all about access to opportunity and this pack, with unlimited commission-free trading, brings this to life.

For those looking for more advanced access though, ‘Stake Unlimited’ is a high-quality, comprehensive brokerage experience for people who want greater control over their investing in the US.

‘Stake Black’ is our top-tier. This pack is for those after powerful, sophisticated access to supercharge their investing and trading. Take full advantage of all the opportunities in the US market, including trading on unsettled funds with Stake Black.

These packs have no lock ins or long-term commitments. You can move between them freely month to month or stay on a single pack.

$0 / month

+ Unlimited free trades
+ Fractional shares
+ Market orders only

$9 / month

For advanced access

+ Unlimited free trades
+ Fractional Shares
+ Market orders
+ Advanced order (Limit & Stop)
+ Priority access to new listings

Coming Soon
+ GTC orders
+ Continual enhancements

$19 / month

For powerful, sophisticated investing

+ Day Trade on unsettled funds
+ Unlimited free trades
+ Fractional shares
+ Market orders
+ Advanced orders (Limit & Stop)
+ Priority access to new listings
+ Priority customer support

Coming Soon
+ GTC orders
+ Analyst-level data
+ Superior enhancements

Portfolio value over $30k required to access until January 2021.

A Few More Details

Stake Unlimited is currently available to accounts under US$30k while accounts over US$30k will be given access to Stake Black. Both are free of charge until January 2021.

After January 2021, if you don’t elect to stay on Stake Unlimited or Stake Black you will move onto Stake Starter. Don’t sweat, we are going to give everyone plenty of notice in advance with reminders and instructions.

Cheers,
The Stake Team