This was posted 5 years 4 months 2 days ago, and might be an out-dated deal.

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$20 AUD Stake Trading Credit Today Only on Referral and First Deposit

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Stake is an Aussie Fintech which allows to trade more than 3000 stocks and ETFs on the S&P500 and Nasdaq for free. There is no brokerage.

They make their money mainly by charging 70 pips when converting funds between AUD & USD ($0.7 for every $100 converted) but have a few other fees outlined here.

Been using them for over a year now (since their beta days) and reckon their offer unbeatable value as well as great UI and UX

They have (finally) launched their android app and running a one day referral promo to 'celebrate':

Droiders rejoice, we've made it into the Playstore! To celebrate, we're having a 24hr party where both you and any friends who sign up and fund today get $20.

Fund before 10pm today AEST and your money will be ready to trade TONIGHT. If you miss the 10pm threshold - no worries. You can give $20, get $20 until midnight.

Mod: Removed referral info. Referral system now set up for invite code.

Referral Links

Referral: random (1131)

Referrer gets $1 off brokerage for 12 months for each referral. Referees gets $10 bonus (funding account within 24 hours of sign-up required).

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closed Comments

  • The referral system was previously set up and disabled. Perhaps the old format expired. Please let us know what the referral info is : Format, benefits for referrer and referree. Please don't add comments with referral codes or solicit referrals until then, thanks.

    • The referral system has been set up for now, with OP's code added based on the info available - by code, $20 for both referrer and referee. It will be disabled tomorrow since it's for 24 hours only.

    • +1

      Less than 24 hours. Ends midnight tonight (AEST)

      People must sign up AND FUND by tonight

      • Referral info updated.

  • Droiders rejoice, we've made it into the Playstore! To celebrate, we're having a 24hr party where both you and any friends who sign up and fund today get $20.

    Does this mean it's only available to Android signups? Or is everyone eligible?

    • +1

      As far as I can tell, any new sign ups (whether through the app or website) are eligible.

      That's why I removed the [android] tag

  • -7

    I used the referral code yet my account wasn't credited

    • you need to fund by midnight tonight

      any friends who sign up and fund today get $20

      • +1

        Err…I should read the title next time…

        • +3

          Might want to remove the neg as well if its now not justified ;-)

  • The team at GroceryGetter have been using Stake too! Great way to trade and have sent my referral code to many of my friends in the hopes that this will possibly get them over the line :D

  • What are the funding options?

    • Credit/debit card, POLi and bank transfer.

      • Is Credit Card considered a cash advance? Are there extra fees vs debit card?

        Edit: Sorta found answer in FAQ. Guess cash advance might be up to your bank's terms?

        Debit / credit card

        Funds get sent directly to the US via OFX. Can fund up to $10,000. There is a 2% (min $1USD) fee on all card transfers and an additional 0.5% for express funding.

      • So I guess for this promotion, we will need to do an express credit/debit deposit (incurring the higher fees) in order to meet the midnight deadline?

        • Nope I did a bank transfer and got an email that the $20 reward was being processed.

          • @JHoliday: Please help me with
            Bank Transfer details

            • @banu: You need to use POLI and login to your bank through that.

              Used that option then immediately changed my internet banking password.

              • -1

                @JHoliday:

                Nope I did a bank transfer and got an email that the $20 reward was being processed.

                You need to use POLI and login to your bank through that.

                Wish you were a bit more specific the first time. I ended up doing a bank transfer like you said and didn't get any confirmation. POLI method is not the same as the bank transfer method… I did think it was unusual to get a confirmation that quickly via bank transfer.

  • +3

    Is worth adding that you have to fund with a minimum of $50AUD

    • There may be a minimum purchase for the 1st time you buy a stock like the ASX does. $500 for 1st-time share buyer.

      • +1

        Minimum stock purchase is US$10. You can buy $10 worth of a stock and you get a fraction of that share.

        • That's a very cool thing

  • Can I fund $50, get the referral $20 and withdraw all $70 if I don’t like the platform?

  • How long does it take to set up the Macquarie account?

    • Usually up and running in about 30 minutes

  • Am I missing something?
    Just use a referral link from the ozbargain system for Self Wealth, and get 5 free trades, after which each trade is only $10.
    UI is great there as well.

    • +1

      SelfWealth's free trades expire after a month.

      Stake's free brokerage allows you to jump out of stocks in the future without incurring brokerage costs.

      Also SelfWealth is for Australian shares? While Stake is for selected internationals.

    • +1

      Selfwealth is for ASX listed stocks only

      Stake is for 3000 stocks and ETFs listed in the US (and the US only at this stage). No ASX

      Also, all trading is conducted in USD and your Australian dollars must be converted to USD before you can trade. They also need to be converted back from USD to AUD before you can cash out.

      The company makes their money from these currency conversions

  • looks awesome, just signed up and added my refer code - thanks

  • I live in NZ, can I use stake or do I need an aussie bank account or something?

  • How long did it take for the account to be setup?

  • Can anyone please help me with Bank transfer details?

  • I have made a bpay transfer
    So far received no confirmation email from them
    Anyone still waiting on this?

  • Can you share the link to the stake android app please? Thanks.

  • How to borrow and short stocks? :P

  • Couldn't fund using POLi, as the account is not yet approved.
    Is anyone having the same problem?
    For those who signed up today, how long does it take for your account to be approved?

    • +1

      I signed up around lunchtime today and are having the same issue.

    • +1

      My account was instantly verified. I think the trick is entering your full name and DOB exactly like it is on your ID.

    • +1

      Yep I signed up at lunchtime yesterday and still waiting too..

  • Does the fund have to reach the account by midnight to be qualified, if paying by bank transfer?

    • +1

      POLi will be instant. It needs to be there by midnight.

  • Why must the referral code be ones first name and not something like hgFgvcc155
    =_=

  • Still waiting for account to be processed - don’t feel very confident that I’ll be able to add funds via POLi before midnight until this happens.

  • My account got created instantly and funded by POLi immediately, just checking that the currency automatically gets converted to USD?

  • What if I already have a Mac cma?
    There is no option in the form to add this, do I really need another?

  • You are better off opening up a first trade account.

    Stake works out more expensive than the low cost brokers (even IB)

  • Fund before 10pm today AEST and your money will be ready to trade TONIGHT

    Anyone's funds in 'Flight' still despite transferring via Poli before 10pm AEST on the 28th?

    • I funded twice before 10pm. Once with my debit card, once with POLI. Debit card funds were available the next day, POLI is still in ”flight".

      • My Poli is still in flight too, I contacted them and they said should be ready on Saturday NY time…

  • My funds have arrived in my account from POLI transfer, but I haven't received the $20 referral credit? Has anyone received their $20 credit yet and how long did it take?

    • No, I haven't received my initial signup referral credit nor the two invites that signed up using my code.

      • Same here 🤔

        • Terms & Conditions state 3-5 business days, so probably this Wednesday at latest?

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