This was posted 2 years 11 months 22 days ago, and might be an out-dated deal.

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$0 Brokage Fees on ASX Trades (HIN) until 1 Jan 2022, Then $3 Per Trade Afterwards @ Stake

2000
$0 Brokage Fees on ASX Trades (HIN) until 1 Jan 2022, Then $3 Per Trade Afterwards @ Stake
Go to Deal
Froot Loops on 30/11/2021 - 20:55 hellostake.com (1818 clicks)
Last edited 07/12/2021 - 19:28 by 1 other user

Credit to 1337 for pointing out Self Wealth seem to be matching stakes $0 trade until 04-01-2022, Credit to Raif pointing out ETFs only

Seems Stake has decided to give the $0 per trade to all users until 01 Jan 2022 ($3 per trade afterwards) on the ASX (Still $0 for US trades). This finally represents some decent competition for those in the ASX game (compared to CommBank etc). Use the referral links below to gain yourself a free US share (likely Gopro, but you might get lucky and get Nike).

Minimal starting stake is A$500 (as the stake is Chess-Sponsored / HIN)

Link/Information on (expanded from thread):
Pricing
Deposits
Stake Wallet for ASX
Transfers to stake
Share Certificate
CHESS-sponsored investing & HIN - Stake
CHESS Information - ASX
Salan Private Wealth Australian Division aka stake's owners
Canstar explaining the initial $500 ASX requirement for HIN
2.4/5.0 Stake on Product Review, lol

Nice comparison of different brokers such as: SelfWealth, Pearler, Superhero, Think, Open. Stake is not mentioned as it's only been a product on the ASX for all for a day

Referral Links

Referral: random (1013)

Referrer gets $1 off brokerage for 12 months for each referral. Referees gets $10 bonus (funding account within 24 hours of sign-up required).

Financial Brokerage Share Trading

Related Stores

Stake
Stake

closed Comments

    • Froot Loops on 02/12/2021 - 16:25
      +1

      From what was explained on the last page you will need to buy at least $500 of a stock for the first time (excluding brokerage, which is $0) as per ASX standard. This is called a “minimum marketable parcel”.

      As for me I placed a market order buy yesterday on Qantas for $500. I not sure if it's the ASX or stake, but they will only sell whole units and not a fraction of a share like Wall Street. From this $500, I ended up with 100 shares at $4.95, with $5.00 returned to my balance ($495.00 total). I am a little confused why it allowed me to buy under $500, but just a warning if you are thinking to buy at market value, you may wish to buy more than $500 of the company in consideration of no fractional shares.

      I have checked my Qantas buy from yesterday and now I can add $10 or $100 of buys as the $500 restriction is now removed. I also note then, if I want to invest in MMM, I will need to place a $500 buy with MMM and then I will be able to buy smaller amounts as above with Qantas.

      Hoping someone can confirm this is the case, as I am still very new to ASX and the example is what I can see with the software / Stakes article

    • vis on 02/12/2021 - 21:52
      +2

      The ASX requires a minimum parcel of $500 to be traded if you do not currently hold that particular security.

      Once you possess $500 worth of an individual security you may purchase any value of shares you wish.

      • Froot Loops on 03/12/2021 - 17:59
        +1

        Cheers. Out of interest if person A has $700 in company A and sell $300 (Now has $400 invested), can that person invest $50 or do they need to reach that $500 mark again (i.e. add $100) before they can buy small amounts?

        • vis on 06/12/2021 - 10:43
          +1

          There is no such $500 continuous verification, yes you can buy $50.

  • BargainBenno on 03/12/2021 - 05:44

    Looking to see whether stake charge a fee to transfer asx stocks out to another broker using chess? Could not find anything in the help. I know some of the other cheap brokers impose a fee on the stocks you bought with minimal brokerage, such as pearler.

    • tabboy on 15/12/2021 - 16:14
      +2

      Looks like $200 per account.

      https://cdn.hellostake.com/content/pricing/au_pricing_detail…

      • Froot Loops on 15/12/2021 - 19:02
        +1

        That's confusing. It looks it be for US portfolio's being processed via DriveWealth. In saying this I cannot find the ASX fees. Might shoot them an email

        • timmytummy on 21/12/2021 - 15:36

          Did you manage to get any more information on this? This is definitely a factor for me wanting to potentially transfer my portfolio to them.

  • SilverRanger on 06/12/2021 - 13:16

    Is anyone experiencing any platform issues with stake today? Mine has been super sluggish for the past 2 hours, orders not updating even after execution

  • dpk on 10/12/2021 - 10:05
    -2

    Be careful guys, this app and website is not tested properly, i couldn't sell my securities today, SELL button was disabled. And it doesn't show up in pending orders as well. I have all the screeshots.

    • Froot Loops on 10/12/2021 - 15:04
      -1

      Have you provided your TFN?

      • dpk on 10/12/2021 - 15:35

        Nothing to do with TFN mate. Anyhow i provided TFN, There is an issue in the system they are looking into it.

        • Froot Loops on 10/12/2021 - 15:36

          Refresh your cache then and if that fails email then.

          • dpk on 10/12/2021 - 15:44
            -1

            @Froot Loops: Mate nothing to do with refresh, tried both desktop and app. they have a defect they need to fix. already reported the issue

            • Froot Loops on 10/12/2021 - 15:52

              @dpk: I'm using the platform with no issues at all. I am simply suggesting to considering a cache refresh. Generally, it's not widespread. you should consider you own technology first. Anyways Goodluck, There support are fairly quick (a few hours)

  • tabboy on 15/12/2021 - 16:13
    +1

    Been buying US stocks via this app for the past 2 years, only issue I had was when the GameStop shenanigans was on, I couldn't buy at the time. I'm a long term dividend investor so the platform works well for me. ASX addition came just in the right time as I've entered that market now.

    • Froot Loops on 15/12/2021 - 18:56

      I agree with you on the GME thing. It's really the only issue I have had with the platform also. I'm still confused if the failure was with DriveWealth or if it was an SEC halt. Either way 1 issue in 12 months is forgivable. I know almost all other platforms had similar issues at the time, so still inclined to blame a trading halt. I'm gathering no one predicted the amount of buying and selling across all platforms and I hope it will always be a lesson moving forward.

    • bobwokeup on 15/12/2021 - 19:28
      +1

      I’m a long term hodler too. How do you get dividends with Stake?

      • brissg on 17/12/2021 - 07:20
        +1

        That's a good question, I want to know the answer too. I'm with Stake since April last year and can't see any dividends with any share I bought, while most AXS shares I had with Commsec kept paying dividends. The app is so simple, can't find any information about whether the dividend is paid or canceled, and when is that…?

        • bobwokeup on 17/12/2021 - 17:39
          +1

          I asked support and they said we have to Google it first and it needs to be before ex-dividend date. They also said dividends are paid back into your Buying Power for your use/withdrawal but not sure how that works.

      • Froot Loops on 04/01/2022 - 13:34

        Sorry didn't see the question. I can only answer for the US side of things, and it just pays it into your account, less 15% US Tax (Standard of non-resident aliens). I believe in Australia it's much the same, only with reinvesting your dividends in the form of new shares (being somewhat common) or they may also do a bank deposit.

        I don't think I own any shares on the ASX that pay Dividends, so have spent very little time looking into it, but it seems to be a little different per company. As Billybob1987 stated, just make sure you own the shares ex-dividend date.

        How does a company pay dividends and distribution?

        • wakk on 07/01/2022 - 00:50

          Can confirm for ASX stocks, it will get paid into your Stake ANZ account.
          Looks like Stake automatically updates the relevant company's share registry to link to your Stake ANZ bank account. Which is probably what support meant by paid back into your Buying Power

  • Fishballs on 20/12/2021 - 19:19
    +5

    Just a head up the referral sucks. I lost more money transferring money into USD then I did on my 1 shitty stock in SOLO, a stock trading at $2 and down 60% on the year

  • ChaseTheSun on 04/01/2022 - 11:55
    +1

    Is it still $0 atm even if past 1st Jan?

    • Froot Loops on 04/01/2022 - 13:35

      $3 per trade on ASX now and $0 on Wall Street

      • Newgod on 05/01/2022 - 11:44
        +1

        Have you got charged $3? It’s still showing $0 when I review an order (not yet placed though).

        • ChaseTheSun on 05/01/2022 - 13:09
          +2

          Yup same as what i found, hence my question.

        • Froot Loops on 05/01/2022 - 14:39
          +1

          Wow thats cool. Show $0 to me also and states end 01 Jan next to it. I had $19 left in my account (not invested) so purchased another 20 shares of MMM. was charged $0 for the transaction. Hopefully, this error stays around

          • Newgod on 05/01/2022 - 16:11
            +1

            @Froot Loops: Great, I hope we won’t be surcharged the fee when it comes to settlement.

            • Froot Loops on 06/01/2022 - 02:11
              +2

              @Newgod: I have my trading confirmation statement now and it shows on the statement that fees (inc GST) are $0.00. I wouldn't think they would try to recoup the fees as it is their screw up. As much as some people hate Stake and Sanlam Wealth, they are a company out there to make waves and really bring a new experience to the market. I have used them for a little over 1 year and they have always done right by me, hence I am promoting them on ozbargain in this deal, even though I gain nothing for it. I really do like this company and their Aussie based support is amazing and importantly, very quick. Really hoping another Chess-Sponsored provider lowers their trade prices to under $3, as stake will follow.

              I think Commbank will stay the same (for the boomers) and companies like spaceship aren't Chess, but the door is open now for new providers.

  • theophilusthistler on 06/01/2022 - 10:51

    Anyone else notice that the brokerage is still $0 despite it saying it was free until 1 Jan '22?

    • naruto128 on 06/01/2022 - 11:58

      I noticed zero brokerage too when I placed an order just now. Hopefully they extended the promo period to attract more customers.

    • Froot Loops on 07/01/2022 - 01:16
      +1

      Yes, It in the comment right before yours (a bit more detail). Seems to be a bug

  • naruto128 on 10/01/2022 - 10:48
    +1

    Just did a trade on Stake and they started charging commission.

    • ChaseTheSun on 10/01/2022 - 11:36
      +1

      Yep i can see the $3 charge from today :(

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