Alternatives to Stake
Stake is known for low-cost ASX trades from $3 and US shares with fractional ownership, all without a monthly platform fee. It's a solid choice for cost-conscious investors who want exposure to both Australian and US markets. But you might want an alternative if you need features Stake doesn't offer: dividend reinvestment plans (DRP), auto-invest options, kids accounts, or options trading. You might also prefer full CHESS sponsorship or a different fee structure for US trades. Here are 7 alternatives worth comparing against Stake.
Pearler offers auto-invest, DRP, and kids accounts that Stake lacks, with community-focused CHESS-sponsored investing from $6.50.
- ASX brokerage minimum
- $6.5(Stake: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- mixed
Moomoo has full CHESS sponsorship, US trades from $0.99, plus DRP and options trading not available on Stake.
- ASX brokerage minimum
- $3
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(Stake: mixed)
Webull offers CHESS-sponsored ASX trades from $1 and zero-commission US shares, undercutting Stake on both markets.
- ASX brokerage minimum
- $1(Stake: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(Stake: mixed)
Superhero charges $2 brokerage for ASX and US trades, with kids accounts and auto-invest that Stake doesn't offer.
- ASX brokerage minimum
- $2(Stake: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- custodian(Stake: mixed)
CommSec Pocket is a micro-investing option with CHESS ownership and auto-invest from $50, ideal for beginners.
- ASX brokerage minimum
- $2(Stake: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(Stake: mixed)
SelfWealth includes DRP, auto-invest, and kids accounts with CHESS-sponsored trading, filling gaps Stake leaves open.
- ASX brokerage minimum
- $9.5(Stake: $3)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- mixed
Tiger Brokers has full CHESS sponsorship, options trading, and auto-invest from $3 ASX trades like Stake.
- ASX brokerage minimum
- $3
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(Stake: mixed)
Common questions
Does Stake have CHESS sponsorship?
Stake uses a mixed model. ASX trades are CHESS-sponsored, meaning shares are held in your name on the ASX settlement system. US trades are custodian-held, which is standard for international shares. If you want full CHESS sponsorship for everything, look for a broker that offers it for both markets.
What features does Stake not offer?
Stake does not offer dividend reinvestment plans (DRP), auto-invest or dollar-cost averaging, kids or minor accounts, or options trading. If any of these features matter to you, you'll need a broker that includes them. Several alternatives cover some or all of these gaps.
Are there cheaper alternatives to Stake for US shares?
Yes. Some brokers offer US share trading from $0 or $0.99 per trade, compared to Stake's $3 minimum. Others offer zero-commission US trades entirely. Just check whether those brokers use CHESS sponsorship or custodian models, and whether they charge currency conversion fees on top of brokerage.
Can I switch from Stake to another broker easily?
Yes. Since Stake uses CHESS sponsorship for ASX shares, you can transfer your holdings to another CHESS-sponsored broker without selling. You'll need to complete a transfer form with your new broker. US shares held in custody may need to be sold and repurchased, depending on the receiving broker's policies.