Stake Review - Should You Use It?<\/title>\n<meta name=\"description\" content=\"Here is a simple explainer on how to buy US stocks from New Zealand using Hello Stake. Stake is a simple way to buy US Stocks and here is why.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/howtoinvest.co.nz\/stake-review-should-you-use-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stake Review - Should You Use It?\" \/>\n<meta property=\"og:description\" content=\"Here is a simple explainer on how to buy US stocks from New Zealand using Hello Stake. 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{"id":2820,"date":"2020-06-04T15:49:17","date_gmt":"2020-06-04T15:49:17","guid":{"rendered":"http:\/\/howtoinvest.co.nz\/?p=2820"},"modified":"2022-04-24T10:57:31","modified_gmt":"2022-04-24T10:57:31","slug":"stake-review-should-you-use-it","status":"publish","type":"post","link":"https:\/\/howtoinvest.co.nz\/stake-review-should-you-use-it\/","title":{"rendered":"Stake Review – Should You Use It?"},"content":{"rendered":"

Trading platforms come and go, but one platform that is here to stay is Stake. Ever since it has launched, it has created quite a buzz and we are here to review what it is all about.<\/p>\n

Thinking about trying it out Stake<\/a>? You can do so by clicking HERE<\/a> and getting a free stock from GoPro, Dropbox or Nike.<\/p>\n

What is Stake?<\/h3>\n
$\"\"$ <\/p>\n
It is an Australian based company that is privately owned. They have come up with this trading app so that you can use it to trade US stocks. However, the varieties of options you have are magnanimous. It provides its users access to over 3500 US stocks and exchange-traded funds (ETFs) all with zero commission on unlimited trades. This is exactly what makes Stake<\/a> so market-competitive.<\/p>\n
Here are some useful features of this app:<\/p>\n

<\/h3>\n
Access to stocks from the biggest names<\/h3>\n
$\"\"$ <\/p>\n
New Zealanders will now get to invest money in major companies that are making a profit every year. Don\u2019t believe us? Here is a list of a few brands you will have access to through Stake<\/a>:<\/p>\n
\n
Google<\/li>\n
Tesla<\/li>\n
Amazon<\/li>\n
Apple<\/li>\n
Facebook<\/li>\n<\/ul>\n
These are just some of the biggest names. However, Stake<\/a> will provide you with many options that are just as good.<\/p>\n
<\/h3>\n
Simple and easy-to-use design<\/h3>\n
$\"\"$ <\/p>\n
Anyone can easily navigate their site and they have made investing look easier than ever! With the clean, sleek, and easy-to-use design you will have no problem navigating the app and you can start trading within a few minutes of downloading the app!<\/p>\n
<\/h3>\n
Comprehensive Data<\/h3>\n
$\"\"$ <\/p>\n
Of course, before investing your money you will need data to guide your decision and so Stake<\/a> provides their users with such analysis as well. In the market overview section, you can look at different stocks from various companies and read the data provided with it.<\/p>\n
If you are fairly new to it you might want to familiarise yourself with how it works so you can understand the market data and analysis.<\/p>\n
<\/h3>\n
Fractional investing<\/h3>\n
$\"\"$ <\/p>\n
This is by the far the most flexible feature of the app. This means that you don’t have to buy individual, instead, you can invest in minimal dollar amount as well. Of course, the minimum limit here is $10.<\/p>\n
If you still don\u2019t understand then allow us to explain. Let\u2019s say one share of Tesla goes for $1000. However, you can choose to invest $100. On the other hand, if you invest $1500, then that means you would own one and a half (1.5) shares.<\/p>\n
Pros of Stake <\/strong><\/p>\n
\n
No trading fee<\/li>\n
Search for stock options by industry, region, sector, etc<\/li>\n
Lets you trade on unsettled funds as well<\/li>\n
The forex rate that is offered is the spot rate<\/li>\n
You don\u2019t need to pay a monthly fee for standard trading features<\/li>\n
No brokerage fee<\/li>\n
User\u2014friendly<\/li>\n
Opportunities for day traders as well<\/li>\n<\/ul>\n
Cons of Stake <\/strong><\/p>\n
\n
Only offers US stocks and no other foreign market<\/li>\n
Offers premium accounts with monthly fees<\/li>\n
Joint accounts are not offered<\/li>\n
Data might be too technical for newbies<\/li>\n<\/ul>\n
<\/h3>\n
Final Words<\/h3>\n
Stake<\/a> has taken the investment game to the next level with such an app. It is way ahead of its competitors and probably the best among them out there right now. If you want to invest in US stocks from New Zealand then this is your best bet. Stake<\/a> has a service like no other.<\/p>\n
If you are new to Stake<\/a> or thinking about trying it out, you can do so by clicking HERE<\/a> and getting a free stock from GoPro, Dropbox or Nike.<\/p>\n
Our rating: 4.5\/5<\/p>\n","protected":false},"excerpt":{"rendered":"
Trading platforms come and go, but one platform that is here to stay is Stake. Ever since it has launched, it has created quite a buzz and we are here<\/p>\n","protected":false},"author":990002,"featured_media":2892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,52,24],"tags":[40,51,41],"yoast_head":"\nStake Review - Should You Use It?<\/title>\n<meta name=\"description\" content=\"Here is a simple explainer on how to buy US stocks from New Zealand using Hello Stake. 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<\/h3>\nAccess to stocks from the biggest names<\/h3>\n<\/p>\n

Access to stocks from the biggest names<\/h3>\n<\/p>\n

<\/h3>\n

Comprehensive Data<\/h3>\n<\/p>\n

<\/h3>\n