Stake investment app was founded by Matt Leibowitz to give Australians and New Zealanders an opportunity to trade on the US stock market. Opened in New Zealand in May 2020, they have over 13,000 customers with several partnerships with DriveWealth, Macquarie Bank, and Sanlam Private Wealth to secure the Australian Financial Services License. Because they’re expanded to NZ, Stake are working closely with the New Zealand Financial Markets Authority (FMA) for compliance with trading regulations, ensuring Kiwis that their investment is in a safe place.
With Stake, you can be exposed to exchange-traded funds (ETFs) and the US stock market through a user-friendly platform where you can get access to unlimited trading options. You don’t have to spend anything on Stake shares when you buy them with a Commission Free Pack; if you want more power to invest, you can subscribe to a Premium Pack. The Stake investment app also lets you trade in various companies with only a small amount of money. Enrol at Stake and invest in NZ!
Invest at your full potential and get the lowest fees in growing your money! Compare Stake and investment apps in NZ and find out if they are your best option!
“We never stop. We never settle.” is Stake’s motto — and true enough, they have a wide range of investment options that utilise innovative technologies. Stake trading in NZ opens you to more options to grow your wealth. They’re constantly improving their systems and platform to help you reach more financial opportunities without compromising your data security.
They assure you to get the most out of your money because of minimal fees at reasonable rates. If you’re a frequent investor, Stake investment app will suit you best as they are active and dynamic.
Stake’s fees are transparent and straightforward. Their foreign transaction fee and brokerage commissions are lower compared to other investment apps, and they don’t have any custodial or account management fees either! You can do limitless day trades without having to worry about trading fees.
Although government levies may apply, Stake and investment apps doesn't take any income from them. You’ll know exactly what fees you’re paying for so you don’t have to worry about unexpected costs.
This option is great for beginners, as there are no brokerage fees, foreign transaction fees, or fractional shares fees. You can save more money while getting access to various trades; buying any dollar amount from shares is free.
The website gives you access to over 3,800 investment options. You can also find their prices and trades so you can choose the best one that fits your preferences. If you want to keep an eye on some companies but still aren’t sure about their performances, you can put them on your Watchlist to observe first. The dashboard will also show you your stocks, total return, last price, and other pertinent information about your investments to keep you updated.
Like the Commission Free option, the Premium or Black Pack doesn’t have any trading fees. For only $9 per month, you can get access to analyst ratings and upgrades on your Buying Power. On top of this, you also get to see the financial data of the companies that you’re investing in and expert opinions on trades — features that will help you make better decisions on your investment.
Stake get their money from foreign transfer fee, the Premium or Black pack, and interest on the US dollar balance on your account. Foreign transfers are charged by taking 1% of the amount transferred from NZ dollars to US dollars, and vice versa. Although they reap some interest from the uninvested US dollars on your account, the amount isn't significant.
Your money is transferred from your account to Stake’s foreign transfer partner in your country. Once cleared, funds are sent to DriveWealth — Stake’s US broker-dealer — which will expose your money to the U.S. stock market.
4.6
Filomena had amazing customer service! She was very polite and respectful. She also was great at listening to my needs and offering solutions with options that had great savings. I would give her 10 stars if that was an option. If I decide to go ahead I would choose to go have her help me again. I have not had the best experience in the past with customer service reps so I would like to thank her for making this experience a good one. Kind Regards, Selena
Was an amazing ecperience to finally take a leap for change with the best offer. Excellent customer service provided and the most amazing help in detail and understanding. Very grateful for the persistence and patience. Thank you kindly
Philomena was efficient, patient and helpful. She had good data at hand to provide me with comparisons between what was offered and my current costs. She did a good job
Thanks for the call and check in. You recommended I stay with my current provider as the rates were top notch. I'll touch base again in the next 12-18 months, you made it super easy. Great friendly and confident salesperson.
Very clear and concise information. Great price comparison for saving money on our monthly bills! Thanks Issac and Glimp! I can't wait to pass these savings on to my hard working family Adding onto my review as I think this is totally unacceptable to have people call you about switching companies and you agree to change and go through the process with Glimp and then get phone calls from supposed companies BEFORE you even get the email offer from supposed companies.