It only takes a few minutes to open an account on Stake – all you need is some I.D. and access to your email. Once you’ve activated your new account, you can make a deposit and start investing on the U.S. market.
What are the requirements to open a Stake account?
To apply for an individual investing account, you’ll need to:
Be aged 18 or older
Have a valid address in Australia
Be an Australian resident, citizen or hold a valid visa (student visa, working visa, etc)
Have an ID issued by the Australian government (driver licence or passport) or a bank account in your name
You may need to provide some additional information if you’re opening an SMSF, Company or Trust account. See below for more details.
Tips for opening your account fast
Stake uses digital verification to securely streamline your application process. The information you provide is checked against various databases to automatically verify your identity. To ensure the smoothest onboarding process possible, please make sure you enter the following details accurately:
Your driver licence or passport number or other government-issued ID
Your residential address (it should match what’s on your ID if applicable)
Your email address
Extra documentation
In cases where your information can’t be verified automatically, we may request additional documents to be uploaded for a visual check, such as:
A photo of your government-issued ID (licence, passport etc)
A photo of you holding that ID
A copy of a recent bank statement or utility bill to confirm your current address
Once you send this through, following the prompts to ensure legibility of all the relevant information, we should be able to verify you and get you going.
Sign up and get a U.S. stock on us
When you open a Stake Wall St account and make a deposit of at least $50 within the first 24 hours, you'll earn a free U.S. stock to get you started. Your starter stock will be chosen at random between Nike, Dropbox or GoPro.
Head to this FAQ article for more information. This reward is subject to the Stake Wall St Rewards Terms and Conditions.
SMSF, Company and Trust accounts
If you’re looking to open an SMSF, Company or Trust account with Stake, you’ll need to provide:
The company's ABN (SMSF and Trust) or ACN
Personal details of the directors, individual trustees and/or beneficiaries
Electronic signatures from all required signatories
Corporate trustee information (if applicable)
Additional documents/information may be requested. Please note that SMSF, Company and Trust accounts are only available for Australian Stake customers.
