Stake Review
Stake is a commission-free share trading app that offers access to US shares and ETFs. It was launched in 2017 by co-founders Matt Leibowitz and Dan Silver with the ambition of opening up Wall Street to everyone. The company is based in Australia, the UK and Brazil with a team of over 140 people. The online broker has a diverse range of products, services and a mobile app that is available in three languages.
Staking has a very simple and user-friendly web and mobile trading platform. It has one of the best interfaces of any Australian online broker, with reliable and streamlined functionality. It also offers two-factor authentication, touch/face ID login on the mobile app and excellent search functions. The website is easy to navigate and focuses on trade execution without cluttered social features like the one at SelfWealth. The company also promises ongoing enhancements to its platform.
When you open an account, the onboarding process is super fast – less than 3 minutes and completely digital. You can add funds with Open Banking or your bank account. Your money is converted to USD when you deposit and exchanged back when you withdraw. There are no inactivity fees, but you do pay a conversion fee on deposits and withdrawals.
Stake Review – A Review of the Stake Share Trading App
The Stake app offers a variety of investment tools, including a watchlist, price alerts and a portfolio tab. You can also set up a stop sell or limit buy to execute trades at certain prices. You can also view consolidated market data from the NBBO feed. This gives you the ability to see all bids and offers in real time before you execute your trade.
You can find a lot of educational content on the Stake website and the mobile app, with explanatory articles on how to use the platform and regular spotlights on market trends and sectors. In addition, the Stake blog publishes articles on updates and new features of the online brokerage.
Stake has a good selection of stocks and ETFs from all around the world. You can also invest in Dubai property through the platform. The properties are rented out to tenants and Stake keeps you up to date on the occupancy rates.
In the long run, this should boost your rental income and increase the value of your investment. The UAE economy is growing faster than most and Stake’s Dubai property investments could be lucrative for you in the future.
However, it is important to keep in mind that you will still have to pay for the property management costs and these will eat into your return on investment. Furthermore, there is the risk that you may not be able to rent out all of the units and the property might not appreciate in value. This is especially true if interest rates rise in the future. Therefore, it is important to diversify your investment portfolio with other assets that can generate rental income, such as cash.
