Stake Review

Stake Fees

One big advantage of Stake is the zero fees charged on trades - compared to most other brokers that will charge a meaningful amount on trades. However, through Stake you are required to convert your currency to USD before placing trades, which incurs a fee.

• Trading Fees - Stake charges ZERO commission on trades.

• Withdrawals - Flat $2 USD fee to withdraw from your Stake account to your bank account.

• A 0.7% fee to convert other currencies to US dollars.

• No account keeping fee.

Pros and Cons

Pros

• Easy-to-use interface caters to investors of all experience levels.

• Fractional Shares - Like Robinhood in the US market, Stake allows users to trade in fractional shares. So you don't need to purchase 1 entire share of a company.

• Free Nike, Dropbox or GoPro stock just for signing up. Use my signup link here to take advantage of this offer.

Cons

• Currency conversion fee - The 0.7% fee to convert to USD can add up to be a significant cost.

• Many small cap stocks unavailable - Stake gives access to over 3,800 US stocks, but smaller stocks may not be available.

Conclusion

Stake gives investors outside of the US an easy way to access the US stock market and purchase individual US stocks.

Stake has some attractive features such as fractional shares and zero trading fees. However, the currency conversion fees can add up to be costly.

Overall, I can recommend Stake as a great trading app, suitable for investors of all experience levels looking to trade US stocks.

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