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 provides 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.

Airwallex is globally regulated:

In the U.S., as a licensed money transmitter (NMLS No.1928093)
In Australia, by ASIC (AFSL 487221)
In NZ, as a financial service provider on the Financial Service Providers Register (No.1001602)

Stake AUS

FinClear Execution Ltd

Stake AUS is a service by which Stake, as agent for the customer, arranges for the execution of orders on Australian listed exchanges submitted by customers through an agreement with its Service Provider, FinClear Execution Ltd (FinClear Execution) (AFSL 246842), which is an ASX Market Participant. These services are provided under an Intermediary Services Agreement between Stake and FinClear Execution.

Resulting trades are cleared and settled by FinClear Pty Ltd (FinClear) (AFSL 481017). Positions in securities acquired through FinClear are held in an individual ASX Clearing House Electronic Subregister System (CHESS) account under the customer’s own Holder Identification Number (HIN).

The AUD funds of Stake AUS customers are held by our licensee, Stakeshop AFSL Pty Ltd, on trust in a client monies account at an Authorised Deposit-Taking Institution (ADI) in compliance with the client monies provisions of the Corporations Act.

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.

Stake Accumulate Fund

The Stake Accumulate Fund ARSN 680 653 374 is issued by K2 Asset Management Ltd (ABN 95 085 445 094 AFSL 244 393), a wholly owned subsidiary of K2 Asset Management Holdings Ltd (ABN 59 124 636 782).

A copy of the PDS of the Fund is available here, and a copy of the TMD of the Fund is available here.

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.

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