Stake’s revenue comes from:
- Brokerage fees on U.S. shares
- FX fees on transfers from GBP into or out of USD
- Optional deposit fees like FastFunds Funding or Card Funding
- Stake Black membership fees
- Net interest earned on held cash
USD is maintained within your U.S. account by DriveWealth, our U.S. broker-dealer partner. DriveWealth is registered with FINRA (U.S. regulator) and a member of SIPC – which protects Stake customers who have U.S. securities for up to $500,000 (including $250,000 for claims for cash). You can read more about SIPC on their website.
All transfers into your account, trade settlements, dividends, and other corporate action-related distributions are held in your Stake Wall St account balance until you make a trade, transfer or withdrawal.
Our US broker-dealer, DriveWealth, holds uninvested USD cash with Citibank. Stake and DriveWealth earn interest revenue generated on the total uninvested cash.
With every transaction you make on Stake, you'll see any charges before you confirm. You can learn more about our UK pricing here.
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