Buy it, sell it or DRP it, repeat it - harder better faster stronger.
Cheapest deal in town for ASX trading!
$3 brokerage on all trades up to $30,000, whether it’s Wall St or the ASX.
$3 Brokerage Fees on ASX Trades up to $30,000 (HIN) @ Stake
1830
dK69 on 11/01/2022 - 16:10 hellostake.com (2798 clicks)
Last edited 09/01/2024 - 16:33 by 2 other users
Last edited 09/01/2024 - 16:33 by 2 other users
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This is what in the email
This is a digital ANZ bank account in your name with your own BSB & Account Number where you’ll receive dividends.
You will soon receive a letter from the ASX that cites our broker partner Finclear and contains your Holder Identification Number (HIN) which means all your shares with Stake are held by you in your own name.
For every new holding you buy on the ASX, you will also receive a confirmation letter of your ANZ bank account linked to your Stake wallet
Thanks for sharing this!
So how about that airwallet you were talking before?
Anyone know?:
Will the ASX and ANZ letter be BY POSTAL MAIL or by EMAIL?
Currently with IBKR and they charge $6 a trade but I like their trade station. Not sure if it's worth moving to Stake.
Interactive broker? Whats good about their trade station?
Sorry for the noob question but I haven't bought shares for over a decade now but still have a Commsec and ANZ E-trade account (think I used both at the time for some first trade promo!).
For a general trade with no intention of a quick turnaround (long hold) or other interests into data etc, is there any other reason why you wouldn't use this platform for $3 compared to Commsec $30?
Also can you transfer the shares to Commsec or will either party charge fees? TIA
No reason. In fact if I were you I’d open the stake account and transact for $3.
FYI I already have a stake account and find them very good for simple execution (not day trading).Stake don’t charge fees for transferring shares from another broker.
Whats the app and website like?
It takes a bit of getting used to but its fine other than there being no market depth.
people said no website trading, only can trade using app.
Stake? That is incorrect.
oh sorry then i just read somewhere could be wrong
@CyberMurning: It is wrong.
Edit: When I was with ThinkTrader (around a year ago…), that was app-only trading. It might have changed since then.
@Charlie Dont Surf: I tried thinktrader and it was only app trading. I left before of this as I like to have access to trading on any device I'm using.
Anyone know?:
WHAT IS THE MINIMUM DEPOSIT?
Can you deposit $4 by BSB/Account and trade the extra $1 on all ASX markets???
($3 = Stake Fee; $1 = my money to trade)Anyone know why I’m getting these letters with an ANZ BSB and Account number linked to my Stake shares? Like how can I access this account?
This might be your share registry letters. Does the letter mention Link Market Services, Computershare or Boardroom?
Stake provides your ANZ cash account details to the share registry so they'll deposit your dividend payments in there. If you want to change this—and make use of other services the share registry offers—you'll need to sign up to the relevant registry.
Do they support Osko or Instant Transfer?
Yes. Deposits take about 5 mins. My first withdrawal took 4 hours.
Could someone confirm my reading/understanding of the fees (https://cdn.hellostake.com/content/pricing/au_pricing_detail…)? Does it mean that the only fee for shares/ETFs on the ASX is the $3 trading fee? So would the withdrawal of AUD to a bank account and transfers of shares/ETFs on the ASX from Stake to another broker be fee free? Sorry if it seems obvious. Just want to make sure before I go through the trouble of signing up and investing.
Trading fee is $3. Cash withdrawal is free. Not sure about transfer of shares. For $3, I figure its easier to just buy new ones. Signing up was very easy. I signed up at 9am and was trading by the time the market opened at 10am.
Thanks for clarifying. Just thinking down the track if I want to change brokers or consolidate my holdings.
Transfer of shares is free I transferred my stocks from selfwealth to stake for free just had to fill out a form for selfwealth
Could any of the helpful lovely and amazing OzB community confirm if you can bring your existing Chess HIN over to stake?
Yes of course you can. Can have 2 as well
That’s not quite correct. See my comment below.
Stake does not transfer your HIN. When you open an account they issue you with a new HIN and then you do individual stock transfers to that new HIN if you want to transfer your shares. This means that for each company you need to reset up your communication preferences and bank details for dividend payments all over again like your starting from scratch.
(Not a stake account holder. This is what I’ve determined from their website and peoples comments in forums. DYOR)
Oh damn. That's a hassle.
Totally. It’s something I think they need to put on their roadmap asap.
Do they offer joint accounts?
If you transfer your portfolio into stake you get a year of $3 off. I don’t like stake much because you can’t use the funds to trade immediately after selling, unless you are happy to pay for a special membership. It’s +2 days to settle and thus very expensive in my opinion. Both Webull and Moomoo allow for instant trade out do the box. They charge a bit more per trade but works way better for my style.
I sold somethign last week and bought straight away before T+2.
I've done it too without a Stake Black subscription. They confirm it here: https://hellostake.com/au/support/aus/articles/35000187091
@frugalftw , sorry but you're flat out incorrect, as soon as you sell in Stake you're able to reinvest those funds.
You are unable to WITHDRAW the funds until T+2, but you're incorrect on the 'instant trade from sales' info. Have done many, many times.
@Frozensage @ragrum @Daniel Plainview I stand corrected, it’s for US shares. Just did it yesterday, sold some US shares, note the buying power and unsettled cash. https://pasteboard.co/xb3D5qfM1P9l.jpg
How does Stake compare to Moomoo?
Don't think Moomoo is CHESS sponsored.
Stake is very basic. My personal favourite is when Moomoo gives me performance reviews https://pasteboard.co/Vm3zpICPTLpy.jpg Helps me decide if I should just put money into indexed funds lol
z1p to the moon!!!!
they forced me to sell my shares
Referees gets $10 bonus (funding account within 24 hours of sign-up required).
Can I deposit $0.01?
Any risks with these guys? Such as the company went down or something? Are the money and shares safe?
It’s been around for a very long time. I think even if they go down, you still own the shares.
I actually never heard of them. I am with comsec but i dont trade much. Still good savings if they only charge $3
I got into them ages ago when they had some kind of offer, forgot about it until late last year. The deal was some free eBay shares, I logged in and find some dividends as well as the original share. They later gave me some random shares again, all US.
If you are doing long term trades, they are pretty good I’d say. For shorter terms, I find Moomoo to be the best for the graphs. I’m very visual and find the order books the most important one. The sector heat map is also very useful. So I would look the shares up in Moomoo then trade in Stake when Moomoo’s free trade period expires.
I am with Westpac, the fee is $19.95 min or 0.11%, compared Stake is too high. I opened an account. But if I need to transfer my portfolio, it seems that Stake needs my ID photos and signature, is it safe?
You will need this to xfer portfolios with anyone (Stakes system is actually pretty low on the info required for transfer)
Stake is the least dodgy of them all 😅 If you get into Webull and Moomoo, the feeling is overwhelmingly wrong hahaha But yes, they are all safe so far.
Money held with ANZ.
Shares on HIN with ASX.Pretty safe as far as brokers go
Does anyone know when our shares are being transferred to other broker, in the interim we can’t sell that shares if need to ? Do I have to wait until I receive confirmation from receiving broker ? Thanks
You should wait - it won't take long to transfer
Thanks
CMC have $0 brokerage on buy orders under $1,000 per stock, per trading day. So may work out cheaper depending on how you invest.
Just in case this helps everyone. I am with Commsec considering changing brokers. Initially I thought the operation was "off market transfer" which costs $54 per share. However, this is a broker to broker transfer and it is free:
https://www.commsec.com.au/support/Australian-Share-Transfer…Share transfers
Transfer your existing ASX portfolio to Stake and get $3 off brokerage for a year, if your first portfolio transfer to an individual account is over $1,000.
Big thanks to Yun Keat C and Dhwani S for randomly picking my referral code! That means a $1 brokerage fee for me once my current year of free brokerage runs out. Good stuff.
Anyone know who holds the cash in the bank account before settlement? Is it held by a bank and protected by the AU government? I know CMC is held by ANZ I think (use to be Bankwest).
Just don't want to loose my savings if i'm unfortunate enough for Stake to collapse as I'm buying/selling and have a large amount of cash deposited in my share account
Edit: i've done some research I think the money is held in an account with Airwallex. They're not an ADI and your money is not protected by the FCS Australian Government Guarantee. Given I do about 6 trades a year, the saving isn't worth the risk for me and I'll stick with CMC Markets/ANZ