Here at Stake, transparency is key so we will always be completely open and clear on how the company makes money. Currently, we make money in these ways:
- FX Fees and associated fees (e.g. Instant Funding) when you transfer into or out of USD on your Wall St account
- Brokerage fees on trades
- Stake Black Membership fees
- Interest earned on cash sitting in the US brokerage accounts
- Interest earned as part of our stock lending program on accounts that have opted in
Our broker partner, DriveWealth purchases a security called DARXX, a money market fund administered by Bank of New York Mellon, to ensure that funds held in USD brokerage accounts are covered under SIPC Protection.