Yes, in the US, brokerage commissions on share trading is already zero!
With a focus on technology, we’ve cut out the BS (“Bank Stuff”) that burden existing platforms. When you combine that with already low trading costs in the US, we’re able to pass this on to you.
We do need to make some money and don’t believe in making our customers the product! We do this through our brokerage packs (fees in effect from 1 July 2020), and through a margin on the Foreign Exchange (“FX”) conversion when you convert currencies on Stake . We also generate revenue from the interest on cash sitting in your USD wallet.
This revenue covers our costs, enables us to provide an evolving product and grow as a business.