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Reviews

3.4

19 reviews
5
(8)
4
(3)
3
(2)
2
(0)
1
(6)
  • Transparency
    3.9 (14)
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Oliver T.

Oliver T.Perth, WA

Great platform for smaller portfolios with an active approach to investing

published

You get access to all the companies on the US stock exchange and numerous index and exchange traded funds. Because there are no brokerage fees it doesn't cut into your returns as a self managed smaller platform. Technical support is excellent.
The trade off is it takes time for trades to go through, however this can be cut down for paying for the priviledge on the app.
The downside is it only tracks your returns based on your purchase price and current trading price not the overall portfolio growth. Best used when paired with your own spreadsheet to track overall returns.

Transparency
Andrew

AndrewGreater Melbourne (Metropolitan), VIC

  • 2 reviews
  • Verified customer

Slow platform

published

Cannot trade using this platform. Market orders, limit orders and cancellations do not even go through. Lost money because of this. STAY AWAY from this if you are a trader. Constantly have to refresh the page to get an updated price. Also have to refresh the page again to get an updated P/L. What a mess.

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VolatilityGod123

VolatilityGod123Sydney, NSW

It’s become my go to for trading US equities

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Have always used IG for trading US equities due to the robustness of their platform. Started using Stake about 18 months ago and loving the ongoing updates and improvements to the platform. Couldn’t think of going elsewhere at this point and can’t wait to see more features (I’ve been talking to their team about dark mode and good till cancelled orders) in the future.

Also like the ease in buying inverse / volatility ETFs. Super handy with the current market conditions to get some exposure to TVIX!

Platform is solid, especially the mobile app. I can see them making gradual improvements to the web version too, hopefully we’ll continue to see that in the coming months.

Transparency
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Tom Waterhouse

Tom WaterhouseSydney

  • 2 reviews

What a platform!

published

With the current volatility I’ve been able to get access to the best market in the world!

The Stake platform has come a long way in the last few months, I’ve seen many changes in the app and their launch in the UK has me telling all my friends and cousins over there about the app!

If you aren’t already trading the US markets, get on it! There are many platforms to choose from and Stake is the one for me!

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Trenton Briar

Trenton BriarGreater Melbourne (Inner), VIC

Best place to trade the US market from Australia. Hands down.

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Great, sleek investing app with no brokerage fees too.
Able to invest and trade in some of the biggest companies, but also some pretty cool ETFs when the market has been volatile.
Definitely the future of investing for Aussies!

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Aero Smith

Aero SmithHunter Region, NSW

Great app with clarity and simplicity

published

I downloaded the app about two months ago and I’ve been using it almost every day since then. The simplicity of the user interface is standout quality. Now that it’s covid alert, I’ll get tech stocks for cheap.

Transparency

Finally a platform allowing Aussies to trade US stocks commission-free!

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I've been using Stake for almost 2 years and have been really happy with the platform and service! It's super easy to use and by far the cheapest way to trade US stocks from Australia.

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Jay

JaySydney, NSW

Perfect, achieves everything it sets out to

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This app is perfect for me. Downloaded this app to trade US stocks and it allows me to do that exactly without any fuss. Furthermore, the market data it provides is extremely helpful! Some hiccups here and there but customer service is quick to respond and actively helps with providing solutions.

Recommend to anyone who is even considering trading US stocks from Australia

Transparency

Easy as

published

The interface is really simple and the support team were very helpful. Also, I managed to get in on the upside of TVIX. Epic. I highly recommend it to anyone!

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Yumi H.

Yumi H.Sydney, NSW

Classic case of ‘too good to be true’ syndrome.

published
Transparency

Slow backend

published

Slow backend makes it impossible to swing trade which is probably the only reason to trade in this market. In the last week there have been confirmed issues with the platform preventing market orders being filled and issues with order cancellations (e.g. see r/fiaustralia, r/ausfinance). Better off waiting for RH to come to Australia than get ruined by their failing backend. I've lost all confidence after my market orders didn't execute when I sent them.

Ben

BenSydney, NSW

  • 23 reviews

Fair to middling, no competition

published
Transparency
Dando

DandoSydney, NSW

disappointing

published
Transparency

Inacurrate Sums Displayed-Must Check Other Websites to get Correct Portfolio Sums

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Deb

DebSydney, NSW

  • 2 reviews

Love it.

published

I had never traded shares until Stake came along. I bought two US stocks just to give it a try. Stake is easy to use, great support, free brokerage and I got lucky with the shares I chose! Highly Recommend this platform.

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Tony L.

Tony L.Sydney, NSW

Just about the best

published

I have used Stake for a number of US trades and found it to be excellent. It is fast, reliable, user friendly and extremely cost effective. Not only is the research very useful, the information provided (free of charge) gives me an edge I have not received from other providers. I recommend this application to any investor wishing to get an advantage they may not otherwise have.

Transparency
Matt H.

Matt H.New South Wales

Very Happy with Stake

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Very happy with Stake and given the changes in the pipeline with far more advanced features and tiered brokerage, I will be using it for all my U.S trades. They also have some selected stocks in emerging markets and it would be great, from an Australian perspective, if we could get more Indian and Indonesian stocks.

The interface in stake is really unlike any other. Its incluttered in a word. It will be interesting to see how they present the new features. Hopefully you will be able to toggle the ones you want on and off with relative ease because I like the uncluttered nature of it.

Recommended.

Transparency
Joe

Joe

  • 2 reviews

Dodgey system or dodgey operators. Needs improving.

published

When I set up a Stake account they set up 2 new accounts with my bank though they told me I can use my existing account . When I transferred the money I couldn't access it to use it for trading or send it back. I had to ask my bank for a recall of funds. After a while I tried using the other account with a small amount every thing worked well, so I transferred more, worked Ok so I transferred more . Now again I cant access my account or even login

1 comment
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Sam

SamSydney, NSW

  • 12 reviews
  • Verified customer

Rip off ! and wast of money

published

Hi everyone,
i saw the ad of www.stake.com.au share trading and they write them self a good reviews how easy you can earn money, so i decided to signup and start trading, i start with $500 USD which is $720 AUD, the first 3 days i lost $200 USD which is so funny!!! then later on i received an email that one of the shares company changed their name and i have to call them to US and ask for my money back !! which is completely fake and scam, i think by explaining until here is more than enough for you to understand and know about my experience with Stake.com.au and dont believe their reviews.

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