Stake Account Types

Stake offers a single brokerage account type for individual investors, which is designed to cater to both beginners and experienced traders. The account allows users to trade over 6,000 US stocks and ETFs, as well as Australian securities. Additionally, Stake provides a premium membership option known as "Stake Black," which offers enhanced features such as instant buying power, market depth data, and buy-sell ratings from professional analysts. Here are the key details:

• Standard Account:
• Access to US and ASX markets.
• $0 brokerage fees for US stocks and ETFs.
• $3 brokerage fee for ASX trades.
• Fractional share trading available (minimum investment of $10).
• Basic trading tools and educational resources.
• Stake Black Account:
• Monthly fee of $9 or $90 annually.
• Additional features include:
• Instant buying power.
• Access to OTC stocks.
• Full company financials and price targets.
• Enhanced trading tools and data.

Stake Broker Account Opening Process

Opening an account with Stake is a straightforward process that typically takes less than 5 minutes. Here are the steps involved:

• Eligibility Requirements:
• Must be aged 18 or older.
• Must be a resident, citizen, or hold a valid visa (student or working) in the relevant country.
• Must have a government-issued ID (e.g., driver's license or passport) or a bank account in your name.
• Registration Steps:
• Visit the Stake website or download the Stake app.
• Fill out the registration form with your personal information, including your full name, date of birth, and email address.
• Complete the identity verification process, which may involve uploading documents such as:
• A copy of your government-issued ID.
• A photo of you holding that ID.
• Proof of residential address (e.g., a recent bank statement or utility bill).
• Account Verification:
• Stake uses digital verification services to streamline the process. Most users can be verified electronically against government databases.
• If additional documentation is required, you will be notified.
• Funding Your Account:
• After successful verification, you will need to fund your account with a minimum deposit of $50.
• The only available funding method is bank transfer.
• Start Trading:
• Once your account is funded, you can begin trading on the US and Australian markets.

For more details, visit the official Stake website.