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Stake

Stake

2.3 from 68 reviews · View Statistics
See the Best Forex & Share Trading Platforms in 2021 as rated by Australians on ProductReview.com.au.
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Reviews

  • Transparency
    2.7 (47)
  • Rates and Fees
    3.8 (5)
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Charles S.
Charles S.South East Queensland, QLD
  • Verified

Almost Perfect

published
Incentivised Review No
Peed Offffffffffff
Peed OffffffffffffPerth, WA
  • 2 reviews

All been brilliant for me

published

Ref to time for funds to be ready depends on what time you submit them to Stake, not had any problems, runs smoothly and they have been very helpful to me when I made a mistake sending funds. Been with Stake from Dec 2020 happy so far.

Transparency
Rates and Fees
Incentivised Review No

T+2 no trades for you

published

Everything is molassas slow. sure it's zero dollars but their selling order flow and personal information so the don't need that. No one really cares about spreads on equities. Basically takes time to deposit, opening trades is quick, closing is quick but then you can't trade again for T+2, the date you close on + 2 business days. Garbage. rather pay brokerage.

Transparency
Rates and Fees
Incentivised Review No
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Darren
DarrenSydney, NSW
  • 3 reviews

Dont use this app

published

Stake although has a nice UI, has a nasty platform that cant even fix their app especially when people are investing into AMC and GME?
Not a coincidence and definitely intentional.

Transparency
Rates and Fees
Incentivised Review No
Carlos
Carlos
  • 16 reviews
  • 18 likes

Highly recommended for people who loves losing money.

published
Transparency
Incentivised Review No

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Junko I.
Junko I.Sydney, NSW

Very easy to use

published

It is good for beginner and easy to set up.Transfer money is a little slow but if you just started to investment with US share, it is totally good enough.

Transparency
Rates and Fees
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Edwin M
Edwin MPeel, WA
  • 2 reviews
  • 1 like

Amateurs

published

Stay away. List of problems are many. Mostly
1. No reporting for your tax at end of financial year. You have to individually enter all your trades yourself to supply to your accountant
2. Once you sell a stock the cash is not immediately available to reinvest
3. to have an account with cash you first need to open up a Macqaurie bank account, then transfer cash to this account which can take a few days, then you have to wait for funds to clear .
This can take over a week. Ok if you only buy a few stocks a year and hold onto them for a decade but if you are an active trader this brokerage company will frustrate you

Incentivised Review No
Mama B.
Mama B.Sydney, NSW
  • 2 reviews

Get free stocks with the code: GOKCESESILI884

published

So far so good. I’m new to investing and have been loving the simplicity. Low fees and a lot of awesome companies you can buy a fraction of a share in. Great for beginners!

Incentivised Review No
illi4
illi4Sydney, NSW
  • 11 reviews
  • 8 likes

Used it for a while and stopped due to issues with the availability and the app

published
Transparency
Incentivised Review No
Forex & Share Trading Platforms

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audione
audioneGreater Melbourne (Inner), VIC
  • 2 reviews
  • 3 likes
  • Verified

I lost huge opportunity to buy a stock…

published
Transparency
Incentivised Review No
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 Review No
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.

Transparency
Incentivised Review No

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.

Transparency
Incentivised Review No
Sue
SueSydney, NSW
  • 2 reviews
  • 4 likes

Getting worst

published
Transparency
Incentivised Review No
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

Transparency
Incentivised Review No
Forex & Share Trading Platforms

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Read more reviews - page 2

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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