Markets

More than 430,000 Australians started trading last year. One expert says the trend is driven by our gambling culture and government stimulus money.

435,000 Australians became new traders in 2020 according to new data from Investment Trends. Driving the enormous uptake into retail investing is Australia’s gambling culture and the surplus of government money available, RMIT lecturer Angel Zhong said. However, just as with gambling, uneducated investors risk losing badly, she warns. Visit […]
More than 430,000 Australians started trading last year. One expert says the trend is driven by our gambling culture and government stimulus money.
Tech

Sydney fintech Stake is starting its $0 brokerage US share trading service

Sydney startup Stake will launch its $0 brokerage US share trading service within the next few days, giving ordinary Australians a low-cost opportunity to invest in brands like Amazon, Facebook and Tesla. The fintech first revealed in June its plans for the new service but the details hadn’t been settled […]
Sydney fintech Stake is starting its $0 brokerage US share trading service
Tech

Australian fintech Stake will offer $0 brokerage for trading US shares

Correction: the method of charging for foreign exchange transactions has been corrected since the original version. Sydney startup Stake has announced that it will offer trading of US equities with zero brokerage fees from August, giving Australians cheap access to invest in companies such as Apple, Amazon and Facebook. The […]
Australian fintech Stake will offer $0 brokerage for trading US shares