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Stake

Stake

2.3 from 60 reviews · View Statistics

Reviews

2.3

60 reviews
  • Transparency
    2.7 (42)
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audione

audioneGreater Melbourne (Inner), VIC

  • Verified customer

I lost huge opportunity to buy a stock…

published
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Incentivised ReviewNo
luke

lukeGreater Melbourne (Outer), VIC

Nastiest app

published

Lost over 1k because of the bad management of this account just useless don't use this, very bad app and they don't let you withdraw unless its been in there for 60 days

Incentivised ReviewNo
Benjamin T.

Benjamin T.Sydney, NSW

Positive experience with Stake

published

Contrary to all the previous negative reviewers, my experience has been a bit different. My orders were executed immediately. Maybe the previous bad experience was due to the recent GameStop frenzy which impacted many online brokers. So far, I have enjoyed using the platform. However, if problems arise or any issue like those described by previous reviewers begin to reappear, then I will certainly revise my decision (and use other platforms). For now, my experience with Stake has been positive.

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Incentivised ReviewNo
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Avoid

published

Platform will work a fraction of the time you want to use it. Especially if it's during trading hours.
Stake will make decisions mid-trade as to whether they allow you trade as you wish, if it doesn't fit what their business partners decide on that day, then they will remove the ability to trade on your account. They state on their website that they "listen to our customers". Who knows if this is true but it's 100% true that they simply will not respond to any issues. No live chat, no phone number, and zero response to any email. Basically they will leave you drifting in the wind. My advice - research and find a real broker - not a glitchy app, with zero customer support.

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Incentivised ReviewNo
Sue

SueSydney, NSW

  • 2 reviews
  • 3 likes

Getting worst

published
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Incentivised ReviewNo
Ian

IanCentral West, NSW

  • 24 reviews
  • 22 likes

People make it out to be alot worse than it is..

published

People seem to be overreacting to the current bottleneck with the system. Since wallstreetbets has became popular, most trading platforms are unable to cope. I imagine this will resolve itself in time.

You are get a free share in companies like Nike, GoPro etc valued at $130. Most people seem to get GoPro but it's still $10USD. Here is a code if anyone wants it for a free share: [Code Removed]

I will review this again in a few weeks hopefully with a more accurate update and info if the platform has been performing better

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Incentivised ReviewNo
Cooper Y.

Cooper Y.Sydney, NSW

  • 2 reviews

Good App to Trade US Shares

published

Good, very easy to use app to trade US shares. They have had some technical difficulties this month but otherwise solid.

Sign up with this code to get up to get 1 free share of GoPro/Nike/Dropbox valued up to $130USD: COOPERY524

Incentivised ReviewNo

Terrible

published

Stakes trading platform was offline recently for days on end. Could not trade AT ALL. Couldn’t sell positions I wanted to sell. Customer service is non existent. Would NOT recommend.

Incentivised ReviewNo

Absolute Disaster

published
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Dan

DanSydney, NSW

Disappointment

published

Platform does not work during market hours. The platform crashes everyday. You cannot make trades during trading hours. Also, you cannot withdraw any funds within 2 months of deposit. Total scam.

Incentivised ReviewNo

Not as bad as everybody claims (yet)

published
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Incentivised ReviewNo

Not trustworthy, scam

published

A app and business designed to take advantage of the small guy and screw them over whilst taking kickbacks from large financial corporations. One of, if not the most corrupt management teams. The public don’t believe a single word that come out of this fraud business. Do not use Stake! Do not give them your hard earned $$. Delete the app.

Transparency
Incentivised ReviewNo
Yak Y.

Yak Y.The Mallee, VIC

Terrible!

published

Scum illegally stopped trading on GME because of bogus capital requirements so that their Wall Street mates could attempt to limit losses. They do not have user interests at heart!

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Incentivised ReviewNo
Darren

DarrenBrisbane

  • 11 reviews
  • 22 likes

Market Manipulators

published

Direct tie to Capital. Illegally cancelling sell limits at 1:17am before Friday market open with no warning, then amended their FAQ with new restrictions. 3% sell limit above the market price or automatic cancel.

This company is criminal. Report to ASIC like I have. Absolutely pathetic and disgraceful, I will be suing you and your staff individually as defendants once this is all wrapped up. Thieves.

Transparency
Incentivised ReviewNo
sang yun K.

sang yun K.South East Queensland, QLD

  • 2 reviews
  • 1 like

High volume??

published

Stay away..
It has been so so slow for ages. you are not able to trade stocks the time you want.
It hasn’t worked for few days.
Just watching lose money with not working app

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Incentivised ReviewNo
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Max boy

Max boy

  • 2 reviews
  • 1 like

Can’t trade when you wanted

published

Stay away Feom this app. Lost money can’t trade when you want . What’s the point . Waited till 1.30 in the morning and you cannot trade . After trying for 30 minutes went to bed . So frustrating.

Incentivised ReviewNo
Laura

LauraSydney, NSW

Several Crashes + Order rejection

published

Cracked it at this app, this is not the first time the app has crashed when i've tried to use and and when it works they reject your order. I have learned that you pay for quality.

Incentivised ReviewNo

This app abosulutely sucks

published

Their apps crashes in the midst of once in a lifetime investment opporutnities. They have made me lose money, by not providing a service that allowed me to capitalize on the money I invested into their app.
So in conclusion don't ever download this app. Waste of time and money. FACTS.

Incentivised ReviewNo

Terrible company

published

This platform is a joke. I would stay away from this platform at all costs. Market sell orders never get executed, deletion of pending orders dont delete in spite of the system saying giving pop up confirmations that its all but deleted.

Transparency
Incentivised ReviewNo
DODO_DONOTBUY

DODO_DONOTBUY

  • 2 reviews

Sell orders wont execute, cannot delete pending orders etc

published

This platform is completely buggy. I would stay away from this platform at all costs. If you are dealing with a whole lot of cash, you are all but doomed using this type of platform. Market sell orders never get executed, deletion of pending orders dont delete inspite of the system saying giving pop up confirmations that its all but deleted. Stay away from this platform - its completely buggy.

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

1 answer
fisher_man
fisher_man

It's a holdover from paper trades, back then SEC allowed 2 days for (hard copy) paperwork to catch up and bank transfers to be completed.

In todays world, interbank transfers can take as little as 4hrs (not using credit).
Just think of all those millions of $ sitting in 'overnight transfer' that banks can use overnight, interest free. Why would they want to speed it up?

Get an answer from our members and Stake representatives

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