Oliver T.Perth, WA
Great platform for smaller portfolios with an active approach to investing
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.
Similar opinion? Write a review on ieatwords.com.au!
AndrewGreater Melbourne (Metropolitan), VIC
- 2 reviews
- Verified customer
Slow platform
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.
Similar opinion? Write a review on ieatwords.com.au!
VolatilityGod123Sydney, NSW
It’s become my go to for trading US equities
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.
Similar opinion? Write a review on ieatwords.com.au!
Find out how Stake compares to other Online Forex / Share Trading Services
Know better, choose better.
Tom WaterhouseSydney
- 2 reviews
What a platform!
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!
Similar opinion? Write a review on ieatwords.com.au!
Trenton BriarGreater Melbourne (Inner), VIC
Best place to trade the US market from Australia. Hands down.
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!
Similar opinion? Write a review on ieatwords.com.au!
Aero SmithHunter Region, NSW
Great app with clarity and simplicity
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.
Similar opinion? Write a review on ieatwords.com.au!
Finally a platform allowing Aussies to trade US stocks commission-free!
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.
Similar opinion? Write a review on ieatwords.com.au!
JaySydney, NSW
Perfect, achieves everything it sets out to
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
Similar opinion? Write a review on ieatwords.com.au!
Easy as
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!
Similar opinion? Write a review on ieatwords.com.au!
Find out how Stake compares to other Online Forex / Share Trading Services
Know better, choose better.
Yumi H.Sydney, NSW
Classic case of ‘too good to be true’ syndrome.
For starters, TERRIBLE SUPPORT. No contact phone number, emails responded to 48 sometimes 72 hours after submitting. Child-like responses from obnoxious support staff, unwilling to stand behind their product nor provide explanations for numerous App and website issues. The overall experience reminiscent of 80’s shower-curtain ring salesman. Planes, trains and automobiles at least had a happy ending, this won’t.
Trading on Stake is basic at best, from depositing funds, executing orders to withdrawals.
Funds do not reach your trading account by t...Read more
Similar opinion? Write a review on ieatwords.com.au!
Slow backend
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.
Similar opinion? Write a review on ieatwords.com.au!
BenSydney, NSW
- 23 reviews
Fair to middling, no competition
If you want an easy, economical way to trade US sharemarket from AU, you have a choice between Stake and ... none. The "alternatives" are either getting ripped off (banks) or going full day trader (IB, etc).
So in that light, Stake is great. However, they are but a shiny veneer of a tech platform - don't expect much in the way of support. For example, occasionally their 2FA login fails to recognise valid codes - and good luck finding a support channel to get help; you won't find any contact for support on their web page. Emailing them at hello...Read more
@stake.com.au seems to be the only option. Fortunately so far these issues have been intermittent, and if I try enough times it eventually works. Personally I find the "shop" theme to be distracting, but if you can ignore these niggles then they do the job.Similar opinion? Write a review on ieatwords.com.au!
DandoSydney, NSW
disappointing
Stake is definitely not for day/swing trading; their page has to be constantly refreshed, they don't show you the current price, rather you have to use separate laptop, because if you leave the tab, once you go back to it you have to refresh again and sometime its loading for 20 sec. When you decide to buy, again they don't show you the current price, only how many shares/+ fraction of shares you buy, once you review (again no info of share price given) you might be buying at a higher price. You can't use them for any information either- very...Read more
outdated or non-existent. They don't answer your questions. I have received a confirmation of my emails but not an answer. I wanted to invest more money with Stake, but am really worried; Unfortunately we don't have much choice from Australia, unless we go for Banks where you have to pay for each transaction. If you make a lot of transactions, Stake seems to be very competitive in terms of pricing but hopeless at executing transactions. No-win situation.Similar opinion? Write a review on ieatwords.com.au!
Inacurrate Sums Displayed-Must Check Other Websites to get Correct Portfolio Sums
I opened my Stake account approx 4 months ago. I've experienced (almost daily) inaccurate sums being displayed in my portfolio. The problem still exists even at this very moment, 18 of the 24 different companies I have are showing 0.00% change in this past day's trading (an impossibility), which directly affects the total, and daily sums of ones' portfolio. This is only ONE example of how funds are not displayed accurately. In other words, I have to Hope my funds are safe/secure and that the correct figures will eventually show up (they have so...Read more
far). It's gotten to a point I have to go to another website I have a "virtual portfolio" on, that I keep up to date with my real portfolio, to get an accurate count of my figures and what has happened with my stocks each day. It's really unheard of and unacceptable. The problem has to do with their Broker-Partner, DriveWealth in the US that is causing the problem supposedly. IF this problem gets sorted, I will gladly give stake a 5 star rating. Unfortunately, it's been on-going to this point with no end in sight so only 3 stars at the moment. Kind regards, TimSimilar opinion? Write a review on ieatwords.com.au!
DebSydney, NSW
- 2 reviews
Love it.
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.
Similar opinion? Write a review on ieatwords.com.au!
Find out how Stake compares to other Online Forex / Share Trading Services
Know better, choose better.
Tony L.Sydney, NSW
Just about the best
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.
Similar opinion? Write a review on ieatwords.com.au!
Matt H.New South Wales
Very Happy with Stake
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.
Similar opinion? Write a review on ieatwords.com.au!
Joe
- 2 reviews
Dodgey system or dodgey operators. Needs improving.
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
Similar opinion? Write a review on ieatwords.com.au!
SamSydney, NSW
- 12 reviews
- Verified customer
Rip off ! and wast of money
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.
Similar opinion? Write a review on ieatwords.com.au!
Questions & Answers
Sorry, there are no questions yet.
ieatwords.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ieatwords.com.au may earn commissions for products/services purchased via affiliate links.
Shawn SStake
Hi Joe, do you mind reaching out to us at [email protected] ?
Cheers, Stake TeamWe would like to get it sorted so you can be back up & trading.
... Read more