Stake gives Australian clients two distinct brokerage routes inside one platform: Stake AUS for CHESS-sponsored Australian securities and Stake Wall St for US securities through DriveWealth. Both advertise a small flat brokerage amount up to a threshold, but the charge is denominated in the market currency and the custody structure is different.[1][5]
Currency conversion is charged when money moves between Australian and US dollars, not on each US trade. That lets a client hold USD between orders, while making the deposit and withdrawal path—and the minimum FX charge—part of the total cost.[2]
Accounts & headline costs
Sections ↑Stake at a glance
| Measure | Value | Context |
|---|---|---|
| Australian service company | Stakeshop Pty Ltd | Authorised representative 1241398.Source 3Source 4 |
| AFSL holder | Stakeshop AFSL Pty Ltd | Australian Financial Services Licence 548196.Source 3Source 5 |
| Australian holdings | CHESS-sponsored | Eligible ASX holdings are registered under the customer’s HIN.Source 5 |
| US execution/custody | DriveWealth LLC | A separate US broker partner handles Wall St accounts.Source 5 |
| Core interfaces | Stake web and mobile apps | AUS and Wall St portfolios are shown in the same experience.Source 1 |
Products & platforms
Sections ↑Stake AUS and Stake Wall St
| Feature | Stake AUS | Stake Wall St |
|---|---|---|
| Market access | ASX and supported Australian securities | US-listed shares, ETFs and supported productsSource 1 |
| Ownership route | CHESS-sponsored HIN | US custody through DriveWealthSource 5 |
| Fractional investing | Whole-unit rules for standard ASX securities | Fractional investing from US$10 for eligible securitiesSource 1 |
| Extended hours | Australian market sessions | Published pre-market and after-hours US sessionsSource 7 |
Fees & holding costs
Sections ↑Brokerage by market
Currency and funding costs
| Measure | Value | Context |
|---|---|---|
| AUD/USD conversion spread | 55 basis points | Applied when funds are converted between currencies.Source 2 |
| Minimum FX amount | US$2 | Published minimum charge on the conversion route.Source 2 |
| Debit-card funding | 0.5% | Published card charge in the Financial Services Guide.Source 3 |
| Credit-card funding | 2.5% | Published card charge in the Financial Services Guide.Source 3 |
| Trade-level FX | Not charged on every Wall St order | FX occurs when cash is converted, allowing USD to remain in the account.Source 2 |
Stake Black subscriptions
Execution & trading rules
Sections ↑Platforms, orders and working conditions
| Area | Documented feature | Boundary |
|---|---|---|
| Web and mobile | Portfolio views, orders and funding | Market and account availability can differSource 1 |
| CHESS sponsorship | HIN-based Australian ownership | Does not apply to US securitiesSource 5 |
| Fractional US shares | Eligible Wall St securities from US$10 | Fractional positions can have transfer restrictionsSource 1 |
| Extended hours | Pre-market and after-hours access | Lower liquidity and wider spreads can applySource 7 |
When sale proceeds become available to withdraw
| Subject | Published terms | Practical scope |
|---|---|---|
| Wall St sale | Normally the start of the next US trading session | US and Australian holidays can extend the timetable.Source 9 |
| Stake AUS sale | Normally after market close on the second business day | Monday sale ordinarily releases Wednesday evening.Source 9 |
| Recent deposit or currency conversion | May need another 1–2 business days to settle | Buying Power can include funds not yet in withdrawable Cash Balance.Source 9 |
Deposits, withdrawals & transfers
Sections ↑Withdraw from Manage → Balances in the app, or Wallet on the web, using available cash rather than buying power. The linked bank must be in the same name; only one external bank account can be linked at a time under the cited withdrawal guide, and requests use a phone/authenticator verification code. The guide’s ordinary external-bank route pays AUD; direct USD facilities have separate instructions.[10]
Delivery and portfolio transfer costs
| Subject | Published terms | Practical scope |
|---|---|---|
| AUD withdrawal | Normally 1–2 business days | Security checks and banking/public holidays can delay arrival.Source 11Source 12 |
| USD withdrawal route | Normally 2–3 US business days | Method-specific availability and conversion remain separate.Source 11Source 12 |
| AUS securities transfer out | No Stake transfer-out fee | Receiving broker initiates and may have its own fee.Source 11Source 12 |
| Wall St ACATS | US$65 per account | Whole eligible shares and cash; fractionals need to be resolved.Source 11Source 12 |
| Wall St DTC / DRS | DTC US$200 up to four positions, then US$50 each; DRS US$200 per position | Sufficient cash for fees is required.Source 11Source 12 |
A full Wall St ACATS transfer closes the account after the portfolio moves. Stake instructs customers to obtain their account documents first. Fractional shares cannot leave through ACATS, DTC/FOP or DRS; their fractional component must be liquidated, while cash transfers are supported through ACATS only.[12]
Protection & regulation
Sections ↑Protection and cash boundaries
| Measure | Value | Context |
|---|---|---|
| Australian client cash | Held under Australian trust arrangements | The AFSL holder and banking partner arrangements apply.Source 3 |
| Australian securities | CHESS-sponsored | Ownership appears on the ASX subregister under the client HIN.Source 5 |
| US securities protection | DriveWealth/SIPC structure | SIPC does not cover market losses and is separate from Australian protection.Source 5 |
| General advice | No personal-objective assessment | Stake states that information is general rather than personal advice.Source 4 |
Opening an account & support
Sections ↑Australian telephone support is (02) 8294 6149, Monday–Friday 09:30–16:30 AEST/AEDT excluding non-trading days, with an online support route also provided. These Australian service hours are different from the US market’s extended trading hours; trading access does not establish round-the-clock telephone assistance.[13]
Additional services
Sections ↑Market access and account distinctions
| Measure | Value | Context |
|---|---|---|
| Stake AUS range | More than 2,500 securities | Company-published count across supported Australian markets.Source 1 |
| Stake Wall St range | More than 11,000 securities | Company-published count including supported shares and ETFs.Source 1 |
| Wall St extended access | About 9.5 additional trading hours | Eligibility, order types and liquidity conditions apply.Source 7 |
| Stake Super | Separate SMSF administration route | Uses additional companies, fees and legal documents.Source 4 |
| Stake Accumulate | Separate managed-fund product | Issued by K2 Asset Management Ltd under its PDS and AFSL.Source 4 |
Company background & evidence
Sections ↑Companies behind the service
| Company | Role | Regulatory boundary |
|---|---|---|
| Stakeshop Pty Ltd | Customer-facing Australian platform | Authorised representative 1241398Source 3 |
| Stakeshop AFSL Pty Ltd | Australian licence holder | AFSL 548196 issued by ASICSource 3Source 5 |
| DriveWealth LLC | US brokerage and custody partner | US regulation and SIPC terms, not Australian CHESSSource 5 |
| K2 Asset Management Ltd | Issuer of Stake Accumulate | Separate managed-fund product and licenceSource 4 |
- Headquarters
- Sydney, Australia
- Founded
- 2017
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Stakeshop Pty Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments CommissionAR 1241398 under AFSL 548196 | Registered | Checked 10 Oct 2026Authorised representative of Stakeshop AFSL Pty Ltd.Source 3Source 5Source 8 |
Stakeshop AFSL Pty Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments Commission548196 | Registered | Checked 10 Oct 2026Company-published AFSL number; confirm in ASIC Professional Registers Search.Source 3Source 5Source 8 |
Sources & further reading
- Stake pricing Stake · Accessed 10 Oct 2026
- Stake Wall St foreign-exchange fee Stake Support · Accessed 10 Oct 2026
- Financial Services Guide Stake · 22 Apr 2026 · Accessed 10 Oct 2026
- Stake legal disclosures Stake · Accessed 10 Oct 2026
- Stake regulatory entities and partners Stake Support · Accessed 10 Oct 2026
- Stake Black terms and pricing Stake · Accessed 10 Oct 2026
- Wall St extended-hours trading Stake Support · Accessed 10 Oct 2026
- Professional registers search Australian Securities and Investments Commission · Accessed 10 Oct 2026
- Cash balance and release after trades Stake · Accessed 15 Oct 2026
- Withdrawals and bank-name verification Stake · Accessed 15 Oct 2026
- Withdrawal delivery estimates Stake · Accessed 15 Oct 2026
- Outgoing portfolio transfer process and fees Stake · Accessed 15 Oct 2026
- Australian client support hours Stake · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.