Both Stake and SelfWealth have grown in the last few years to become two of Australia’s most popular share trading platforms. Their respective brokerage trading apps enable Australian’s to instantly deposit Australian Dollars (AUD) to trade assets that include Stocks, ETFs and much more.
The table below provides a high-level overview of Stake vs SelfWealth.
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 |
|
|---|---|---|
| Investment Account Funding Options | Bank Transfer or POLi | Bank Transfer or BPAY |
| Mobile Applications | iOS/Android | iOS/Android |
| Minimum Deposit | $50 | $500 |
| Brokerage Fees | $0 | $9.50 |
| Available Assets | ETFs and shares | ETFs and Shares |
| Available Markets | NYSE, NASDAQ | ASX, NASDAQ and NYSE |
| Regulator | ASIC | ASIC |
| Website | Visit Stake | Visit SelfWealth |
Platform Highlights
Which is Australia’s Best Brokerage Platform?
Stake and SelfWealth are almost identical upon deeper evaluation of their key features. One significant difference is that Stake does not let users trade ASX stocks, only stocks and ETFs available through the NASDAQ or NYSE. This gives SelfWealth a slight advantage in this regard, as they provide investors access to the ASX, NASDAQ and NYSE.
On the other hand, Stake is a completely commission free trading platform. Whereas SelfWealth charges $9.50 per trade.
If you are looking for more comparisons, be sure to check out our guide on Spaceship vs Raiz.
Final Verdict: Stake vs SelfWealth
In summary, we believe Stake is the superior platform for users looking to trade US stocks in particular. The commission free trading in conjunction with the slick user experience makes it one of our favourite trading apps for Australian users.
