Stake investment app review | Trade 3,800 US stocks - Finder UK

Stake investment app review

The Stake app lets you trade in US stocks and shares. Find out how it works.

Updated

Fact checked
Stake logo

Finder rating ★★★★★

Stake opens up US stock trading for every level of investor.

We liked…

  • Unlimited free trades on all accounts
  • Big range of stocks
  • Free option available
  • No hidden FX fees
  • No lock-in contracts

But watch out for…

  • Funding and withdrawal fees
  • Only offers US stocks
Promoted
Stake

Trade the US market commission-free with Stake

Capital at risk

  • Join using the referral code finderuk to get a free share
  • Unrivaled access to over 3,700 Stocks and ETFs
  • Unlimited commission-free trading with access to advanced order types
Stake claims to offer unrivalled access to the US stock market, it lets you trade over 4,000 US stocks and ETFs with its mobile app. It’s got two tiers to choose from, Stake free and Stake black. We’ve summed up the features of the different tiers and some pros and cons of Stake.

What is Stake?

Stake is a global digital brokerage and was the first online trading platform to offer commission-free US share trading for those living outside the US. It has now launched in the UK.

It claims to offer the widest, most sophisticated and direct access to the US stock market, with an easy-to-use app and a simple fee structure. It has more than 150,000 customers worldwide.

How does it work?

Stake lets you trade over 4,000 US stocks and ETFs without having to open a US trading account. It offers two accounts, a free one and a premium account. The one you choose will depend on your experience level.

Both account types offer:

  • Unlimited commission free trades
  • Advanced order types
  • Fractional shares

Stake Black offers:

  • Analyst ratings
  • Pro level data
  • Price targets
  • Full company financials

There are no lock-in contracts or commitments, and you’re free to switch between brokerage packs as you like.

You can apply for an account in a couple of minutes, and can then get instant approval via digital verification. Once your account is set up, you can add funds via Open Banking, which offers secure transfers from your bank account. Your money is converted into US dollars when you make a deposit, and your trading is then handled entirely in US dollars. This means you won’t pay FX fees on individual trades.

You’ll get access to real-time market data and the ability to make commission-free trades. You can manage your account within the Stake app.

As Stake offers US stocks, it operates on US market hours, which are 9:30 – 16:00 ET (14:30 – 21:00 GMT). You can set buy and sell orders outside of these hours, but the trades will not be executed until the market next opens. Stake will also automatically complete your W8-ben US tax form.

Stake brokerage packs

Stake currently offers the following brokerage packs:

  • Standard
  • Black
FeatureStandardBlack
CostFree$9/month
Free tradesUnlimitedUnlimited
Fractional shares
Advanced order types
Trade on unsettled fundsx
Analyst ratingsPartialFull
Company financialsPartialFull

How much does it cost?

With the Starter account, you’ll avoid all commission and account fees. If you want a Black account, you’ll need to pay a monthly account fee, but will also get more advanced trading features.

Stake also has a number of additional fees and charges, but these will differ based on the type of account you have and how you use your account.

Stake fees and charges

Currency exchange fee. You’ll pay a 0.5% FX fee whenever you move money in or out of your account from GBP to USD, or vice versa. Unlike other brokers or trading platforms, you are not charged an FX fee on trades.

Funding fee. There’s a 0.5% express funding fee to deposit money quickly.

Withdrawal fee. You’ll pay $2 per withdrawal to cover the banking fee. This is to avoid a $25 wire fee.

US trading fees. There are also a number of small US trading and administrative fees that you may need to pay, such as SEC fees.

Stake app 2

The Stake app

The Stake app lets you track and manage your portfolio, as well as deposit and withdraw funds.

You can search for specific stocks using real-time market data, set up a watchlist and check the status of your account, including current equity, buying power and any unsettled funds.

You can also earn rewards by referring friends to the app, including Stake merchandise and free shares.

How do I apply?

You can apply for a Stake account by downloading the Stake app via the App Store or Google Play. You can then register for an account within minutes by providing basic details about your identity and employment.

You’ll then need to verify your account via email and can then immediately deposit funds into your account via Open Banking.

Is Stake safe?

Stake is the trading name of Hellostake Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Your use of Stake is also protected by the Consumer Rights Act 2015 (UK).

It is also partnered with members of the Securities Investor Protection Corporation (SIPC), which means securities in your account are protected up to $500,000.

As with any type of investment, your capital is at risk when you use Stake. There is no guarantee of returns, and you may end up with less than you started.

Video interview with Stake co-founders Matt and Dan

Our verdict

Stake has made a name for itself by helping open up the US stock market to international retail investors. With its simple account system and simple, transparent fee structure, it’s a good choice for investors of all stripes wanting to try their luck with thousands of US stocks.

While there are probably cheaper options for those just looking to get started or those making limited trades, the paid Stake accounts offer share-trading bells and whistles at a reasonable price.

Investors looking to diversify will need another brokerage or platform to access non-US stocks, but if you’re looking to expand your portfolio options, or only interested in US stocks, Stake is hard to beat.

Promoted
Stake

Trade the US market commission-free with Stake

Capital at risk

  • Join using the referral code finderuk to get a free share
  • Unrivaled access to over 3,700 Stocks and ETFs
  • Unlimited commission-free trading with access to advanced order types

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Compare share-dealing platforms

Table: sorted by promoted deals first
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
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Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $200.
Hargreaves Lansdown Fund and Share Account
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£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets Stocks and Shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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