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Stake

Stake

3.0 from 28 reviews · View Statistics

Reviews

3.0

28 reviews
5
(9)
4
(4)
3
(4)
2
(0)
1
(11)
  • Transparency
    3.6 (19)
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Jon

JonGreater Melbourne (Metropolitan), VIC

  • 6 reviews
  • 2 likes
  • Verified customer

Slow in critical situations with expensive charges. Only suggest for long hold traders.à

published

Today is the epitome of what's wrong with stake. At 1: 30am this morning when the markets open, it was difficult to trade and the stock pages were not loading. Having worked with CommSec and various entities their UI is fantastic but a huge negative is my experience this morning which for anyone that's looking at realtime opportunities, your better of going elsewhere.

Transparency
Incentivised ReviewNo

Stake cannot place sell orders sometime

published

sell order to stop loss did not get through, neither with limit sell despite follow the price difference of 0.05 requested. I saw other users have same experience. Checked with customer support but the response was not helpful.

Incentivised ReviewNo
Patrick

PatrickPerth, WA

  • 2 reviews

Stake cannot place sell orders sometimes

published

On 2 November 2020, I tried making a sell order on one of the stocks I was holding, but the app would not place the order on many attempts. I ended the night with a loss on that stock. Tonight (3 November US time), I have spent the last hour and half trying to make a sell order on a stock I held (FCEL) but have failed to have it placed meaning I lost on opportunities I could have used that money on and that was about $9k. I then tried to make a buy order for the same stock (FCEL) and it was placed. Subsequent attempts to make a sell order failed again.

Incentivised ReviewNo
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Row555

Row555Perth, WA

  • 18 reviews
  • 14 likes

Useless system filled with issues.

published

2nd time this month, try to log in before the markets, system is not working and cannot log into the account. You would be SCREWED if you needed to sell positions urgently.

Don't use this software, it could cost you a fortune.

Incentivised ReviewNo
Andrew

AndrewPerth, WA

Quick with a few hidden secrets

published
Transparency
Incentivised ReviewNo
illi4

illi4Sydney, NSW

  • 8 reviews
  • 8 likes
  • Verified customer

Like the simplicity and the fees structure but needs extra basic functionality

published
Transparency
Incentivised ReviewNo
vikram

vikramPerth, WA

  • 2 reviews

Best have seen.

published

I recommend highly who like to enter in US market with small money.
It is very cheap to buy stock and no brokerage compare to banks.
You can start with 50 US dollar.

Incentivised ReviewNo
Dev

DevSydney, NSW

Be aware of borderline criminal practices

published

Stake by default opens a bank account with Macquarie Bank on your behalf with no prerequisite meeting Identity fraud check. That is if I have your email, full name and address I can open a Stake account which would open a Macquarie banking account in your name. Imagine I’m your surprise when you get a mail notifying you your Macquarie account is ready and I can wire money through them at account under your name to international accounts.

They have lodged complaints with ACCC & ASIC and have little transparency in corporate management. Stay away.

Transparency
Incentivised ReviewNo
bleph10

bleph10Perth, WA

  • 4 reviews
  • 4 likes

Deposit fees ridiculous

published

Deposited via Credit Card - not only does it take 48 hrs ... really ...but 2% plus the other fees!

So when they claim no fee brokerage ...its reportedly misleading. There is plenty of fees, and the fact it doesn't settle for 2 days after into your account once you close an order... It's terrible.

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Incentivised ReviewNo
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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
Incentivised ReviewNo
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.

Transparency
Incentivised ReviewNo
VolatilityGod123

VolatilityGod123Sydney, NSW

It’s become my go to for trading US equities

published

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
Incentivised ReviewNo
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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Incentivised ReviewNo
Trenton Briar

Trenton BriarGreater Melbourne (Inner), VIC

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

published

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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Incentivised ReviewNo
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.

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

published

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.

Transparency
Incentivised ReviewNo
Jay

JaySydney, NSW

Perfect, achieves everything it sets out to

published

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
Incentivised ReviewNo

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!

Transparency
Incentivised ReviewNo
Yumi H.

Yumi H.Sydney, NSW

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

published
Transparency
Incentivised ReviewNo

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.

Incentivised ReviewNo
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Questions & Answers

Sarah-Jane S.

Sarah-Jane S.asked

When trading and you sell an order/stock how come it takes 2 days be completed and processed

No answers

Get an answer from our members and Stake representatives

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