With Stake providing $3 brokerage per trade, has anyone tried transferring their Commsec or any other bank portfolio to Stake?
Portfolio Transfer from Commsec to Stake
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Last edited 15/12/2021 - 09:05 by 1 other user
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Yep I transferred my portfolio over from Commsec to stake. Transfer was completed within 2 days. No issues at all.
Did you need to provide a certified copy of your ID to stake?
Nope nothing had to be certified. I just uploaded a picture from my phone.
Were you able to transfer your entire portfolio at once or do you have to provide individual stock codes to transfer?
You have to supply individual stock codes to transfer but you can supply them all in one transfer.
Did you have to pay any type of fees or anything ?
And how does it go down ? Make an acc with stake then transfer through QR ? Have to contact commsec to close account ?@phidra: Zero fees and no contact with Commsec. It was as easy as create a Stake account and then follow the steps on AUS Stock Transfers in the Stake app.
Usually works better the other way.
Buy shares on Stake for the cheap brokerage then transfer to Commsec for the features.
I just transferred one of my holdings from Commsec to Stake and now I get 10 free trades every month for the next 12 months.
No, but I would hold off on that unless you will be saving a lot on selling, stake still has less features