Where is the USD cash held?

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Where is the USD cash held?

USD cash is maintained within your US brokerage account by DriveWealth our US broker-dealer partner. Your funds and securities are protected by SIPC (link to FAQ).

All transfers into your account, trade settlements, dividends and other corporate action-related distributions are kept in your USD wallet until you make an investment, transfer or withdraw your funds.

Our broker partner purchases DARXX, a money market fund administered by Bank of New York Mellon. The holdings in this fund are rebalanced as your cash balance moves up and down, which you'll see displayed on your Monthly Account Statement.

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927).

Stake is the trading name of Hellostake Limited (no. 11676409), authorised and regulated by the UK Financial Conduct Authority (FRN: 830771).

Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152), but is not regulated by the Financial Markets Authority (see our separate note in this section in respect of New Zealand resident customers).

The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone outside of Australia, the United Kingdom or in any jurisdiction in which Stake is not regulated or able to market its services.

At Stake, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs.

Any advice is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice.

Please view our Financial Services Guide, Terms & Conditions, Privacy Policy and Disclaimers before deciding to use or invest on Stake. By using the Stake website or service in anyway, you agree to our Privacy Policy and Terms & Conditions All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance.

For New Zealand resident customers, the following also applies: The content provided on our website or mobile application is for general information purposes only and is not intended to constitute financial advice for the purposes of the Financial Advisers Act 2008 or the Financial Markets Conduct Act 2013, or an invitation or an offer to buy or sell any financial product or security. To the extent you require further information about the relevant New Zealand legislation that may apply, or require specific advice, please contact your legal and/or financial adviser (as appropriate).

Stake is a registered trademark under classes 9 and 36 (Australia).

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