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No Commission US Market Share Trading @ Stake

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No Commission US Market Share Trading @ Stake
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skrizm on 14/04/2020 - 16:28 hellostake.com (578 clicks)
Last edited 15/04/2020 - 09:19 by 1 other user
NZFounderdfxR

Given the recent turmoil in the markets, now is the time to invest in some great value companies such as Microsoft and Disney.

The Australian Sharetrading platform, Stake, has just launched and offers COMMISSION FREE trading in the US stock market.

Truly a game changer in New Zealands limited brokerage market. If you already use Sharesies or Hatch then this will be perfect for you.

Code: NZFounderdfxR Disclaimer, this is not a referral code, this is just the code you need to sign up.

Put in the referral code after to get yourself and someone else a free stock.

Also if you fund your account within 24 hours of sign up, you can choose another free stock from Nike, GoPro and Dropbox.

Referral Links

Referral: random (24)

Referrer and referee get free stock.

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closed Comments

  • fatboyj on 14/04/2020 - 17:08
    +1

    Not clicked the link yet as don't want to be bomabarded with cookie bombs.

    How do these guys make money?

    • timtams N coffee on 14/04/2020 - 18:38
      +3

      money transfer fees

      • muddyfoxnz on 14/04/2020 - 19:21

        Yes, they seem to be pretty poor rates and no other way to fund the account aside from POLI and paying a premium to trade soon or later in the week…

        • Monk on 14/04/2020 - 19:23

          For $1000 it is $3.05 to get an express transfer. That is nothing.
          With hatch it is $8 every single trade. Make a mistake trading. Sell stock and bang $16 USD down the drain.

          POLi sucks though…

          • jedmeister on 15/04/2020 - 10:13
            +2

            @Monk: Banks have warned people not to use Poli as you effectively are giving your username and password to someone you don't even know.

            If you have used Poli, the bank may not be responsible for any fraudulent activity on your account.

            • Monk on 15/04/2020 - 10:16
              +1

              @jedmeister: Their warnings used to be like that, but they loosened them significantly.

              This is a response from BNZ for example;

              We do keep a watchful eye on them, as you point out they are operating on the fringes of our T&Cs and the code of banking practice. We also accept that they are services that are actively used so they are providing both our merchant and personal customers with a useful service.
              Over and above this, we have our NetGuard service in place to provide protection against compromised login credentials should that occur.

              I still think POLi sucks though :)

          • shami on 15/04/2020 - 11:20

            @Monk: where do you check their fx rates and that 3.05 fees ?

            • SrsSarcasM on 15/04/2020 - 12:49
              +2

              @shami: Stake have it on their website. 1% FX fees and zero broker fees. Hatch are $3/trade (being reduced soon) and 0.5% fees. If you are buying a lot of different companies with each FX transfer then Stake still becomes cheaper. If you're just investing in one single company/ETF then Hatch is cheaper.

              • ERIS on 15/04/2020 - 12:50

                @SrsSarcasM: If ur day trading then definitely stake :p.

                • SrsSarcasM on 15/04/2020 - 12:58
                  +1

                  @ERIS: For sure, but then you should be on their $19/month subscription plan to allow use of unsettled funds if you want to day trade.

    • penguinez on 14/04/2020 - 21:16

      I think they sell your data to other bigger brokerages just like Robinhood.

  • Monk on 14/04/2020 - 19:21
    +1

    Thanks for the code, for some reason they didn't send it to me today. I have been using the AU Stake for about 2 months without issue. Once I register they will transfer my AU account to an NZ one.
    MUCH better than Hatch!

    Edit: POLi only! Lame! AU Stake allows credit cards.

    • tomleonhart on 15/04/2020 - 08:18

      Do you know if we are actually holding stocks or what is it that we're holding by buying?

      • Monk on 15/04/2020 - 09:32
        1. YOUR ACCOUNT & SECURITIES

        19.1 Your Securities and Currencies will be held by a Custodian. You will retain legal and beneficial ownership of the Securities.
        19.2 Your money may be passed by us to a Service Provider. Your money may also be transferred to other persons, such as an Exchange. Where such a person is located outside Australia, the legal and regulatory regime applying to such a person will be different to that of Australia and, in the event of failure of such a person, this money may be treated in a different manner from that which would apply if the money was held by such a person in Australia.

  • ERIS on 14/04/2020 - 19:36

    "Currently we can only open accounts for residents of Australia."

  • ERIS on 14/04/2020 - 20:13

    Anyone get a stock other than gopro?

    • Monk on 14/04/2020 - 20:19

      I got $DBX

    • umakant on 15/04/2020 - 10:52

      I got dropbox

    • SrsSarcasM on 15/04/2020 - 12:50

      Got go pro first time and drop box from my referral.

  • sailin-on on 14/04/2020 - 21:11

    how much do you have to fund to get free stock? is there a minimum? or the bigger the deposit the bigger the free stock?

    • Han on 15/04/2020 - 08:08

      Minimum NZ$50 deposit
      The amount shouldn’t matter but the probabilities are below

      Stock Market Value Probability
      Stock 1 $2 – $15 75%
      Stock 2 $15 – $50 22%
      Stock 3 $50 – $150 3%

  • HappyChipMonk on 14/04/2020 - 22:53

    I got gopro :(

  • Kenkade on 15/04/2020 - 00:02

    Yeh get a chance of 1/3 and i put in 350
    pretty sure its its like 5% of anything given out that it could be nike and majority being gopro which is what i got too

  • MrSomeone on 15/04/2020 - 08:05

    How big are these guys? I have hesitations with businesses like this, I've seen too many go under :/
    But keen to hear from others

    • Monk on 15/04/2020 - 09:37

      Bigger than Hatch. Better service. Less fees.
      Hatch seems to be dropping their fees today to compete.

    • [Deactivated] on 15/04/2020 - 12:17
      -1

      hatch would be safer since its a nz company/Govt owned, i put $50 in stake but depending how i get on i plan to switch to hatch because of that.
      https://www.kiwiwealth.co.nz/about
      https://www.kiwibank.co.nz/personal-banking/investments/kiwi…

      • Monk on 15/04/2020 - 12:36

        I think saying safer because it's kiwiwealth is a bit nonsensical.
        You are investing in the US sharemarket. They both use DriveWealth. You have an account with DriveWealth. In both cases you are protected by the SIPC for 500k (250k cash).

      • SrsSarcasM on 15/04/2020 - 12:51

        Both are protected by custodians so not a lot of difference really. At the end of the day you're still investing in US stocks.

    • SrsSarcasM on 15/04/2020 - 12:54

      Your shares are protected by a third party custodian which is independent of the operating company. As long as the custodian is secure and reliable (ie audited by a trusted third party) then it doesn't really matter if the operating company goes under.

  • jedmeister on 15/04/2020 - 10:14

    Any stock tips? :)

    • Monk on 15/04/2020 - 12:36
      +3

      Buy low, sell high.

    • umakant on 15/04/2020 - 15:55

      Try value stocks and do gap trades , a good website for value stock is simply wall st for gaps there is uncle stock and bar charts etc you can use Google finance and Yahoo to cross verify data

  • puppety on 15/04/2020 - 14:02
    +1

    i've been using the AU one. can recommend.

    CONS:
    -initial fees are high (FX, credit card)
    -fund clearance times are slow
    -customer service depends on your luck

    PROS:

    -once you get going it's free to trade unlike hatch (and their massive USD$16 cut every time!)
    -nice app, fast trades

    they do have a subscription fees coming later in the year though, which takes away some features (like limit orders) but for most i think the basic free plan is fine. from what i gather, they get their profit from "deal flow" but not sure about selling data (wouldn't be surprised though).

  • Sadie on 15/04/2020 - 15:02
    +1

    The email Stake sent me to signup had the code NZFounderPTxr, not sure what the difference is

    • Monk on 15/04/2020 - 19:17
      +1

      I eventually got mine and it was also different. Not sure if OP is getting anything for the registrations or not.

      • Han on 15/04/2020 - 21:16
        +1

        Mine was also different. I don’t believe he gets anything for the access code. I used a spam email address to receive the access code and my main one for the registration. No indications of rewards or anything like that on the spam email.

        • Monk on 15/04/2020 - 21:20

          Thanks for checking that out, good to know.

      • skrizm on 16/04/2020 - 00:20
        +1

        Hey op here, nope not getting anything from the signup code, it is just used for registration

  • Kendo on 16/04/2020 - 09:49

    ugh, name of employers, selfie with you and your passport?

    • ERIS on 16/04/2020 - 12:00

      just requires a drivers license?

    • Monk on 16/04/2020 - 14:55

      No selfie. I think that's Hatch.
      It's investing in the sharemarket, not Bitcoin. You should expect things like this.

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