Stake is an Australian online broker focused on US and Australian markets. It is currently available in two countries: Australia and New Zealand.
Stake used to operate in the UK and Brazil as well, but has since wound down those operations to focus on its Australia and New Zealand business.
Stake’s main draw is simple, flat pricing: according to its Australian pricing page, US trades cost US$3 per trade (0.01% above US$30,000) across more than 11,000 US stocks, ETFs, government bonds and OTC securities, and Stake AUS account holders can also trade 2,500+ ASX-listed securities for A$3 per trade. The main extra cost is currency conversion: 0.55% when you fund your Wall St account from Australia, and 1% in New Zealand. There is no crypto or options trading.
As part of its marketing, Stake offers new users a free US stock when they open a Stake Wall St account and fund it within 24 hours.
Open a Stake account with a referral link and fund it with at least A$50 or NZ$50 within 24 hours to get one free stock: Nike, Dropbox, GoPro or a mystery stock. Stake says most people receive a stock worth less than US$10.
Bottom line
Stake’s free stock is a small welcome gift rather than a reason to choose the broker on its own: most rewards are worth less than US$10. What matters more over time is Stake’s flat US$3 brokerage and the 0.55% (Australia) or 1% (New Zealand) currency conversion fee you pay when funding your US account.
If those costs suit how you invest, the free stock is a nice extra.
Remember to always double-check this information against the official Terms and Conditions of the offers presented, as these can change from time to time.
Other FAQs
Where is Stake available?
Stake is available in two countries: New Zealand and Australia.
Where is the Stake free stock program available?
The Stake Wall St free stock program is available in both countries where Stake operates: Australia and New Zealand.
What is the difference between the Stake AUS Rewards program and the Stake Wall St Rewards program?
Stake AUS Rewards relates to Stake AUS accounts for ASX shares, and its A$10 funding reward is no longer issued to people who signed up after 23 September 2026. Stake Wall St Rewards relates to Stake Wall St accounts for US stocks and gives new users a free US stock.
Will my Stake free share be subject to tax?
Possibly. Free stock received as a promotion may be treated as income, and selling it later can create a capital gain, depending on your country’s rules. Ask a tax adviser about your situation.
Can I benefit from multiple Stake free stock offers?
Yes. You get one free stock when you fund your new account, and you can earn more by referring friends who open and fund an account.
Why do companies give free shares?
Companies give free shares to incentivize referrals and grow their customer base.
Are there other trading apps offering free bonuses?
Yes. Interactive Brokers offers free IBKR stock in Australia and New Zealand, and in the UK and Europe apps such as Trading 212 offer free shares. See our list of free share offers for more.
