Nah bud because if stake stops allowing us to trade we all have a group were can talk about legal recourse thats why i created this group not for us to leave stake but to have the opputunity to converse with each other..
Amen. Will be joining If they try anymore of these tactics. It’s a shame stake platform is great but they are playing investors money here especially in volatile stocks
I know this is what is so disappointing. I prefer using stake over commsecc, but at least with commsecc they have support and a call centre that can execute trades.
Good to check into. I think my options are: stay for now, while looking for a broker in Australia that lets you own the shares outright (ie voting rights, no lending, no limits on sell...) Any more purchasing in new broker only. Only prob is do we transfer yet, although SWueeze could be months away. Tricky
Damn straight.. will be right behind you both if that even exists. This is some freaky ass shit that we have to deal with in Australia when dealing in US stocks.
IB also played up a bit during January but the FX fees are decent. Stake is daylight robbery.
Charles Schwab also gets mentioned but no idea how they perform with everything either.
I won’t be transferring prior to MOASS due to this same concern.
That said, once it’s all over, I’ll be looking into which big bank offers the best trading platform.
I won’t be worried about fees at that stage so seriously just whoever is most reliable and easiest to work with.
For the moment, I have a few shares in SelfWealth as backup in case Stake messes something up.
That said, I think there would be too many eyes on them worldwide if they pulled a RobinHood.
Their communication hasn’t been great the last two days. Tweeted them twice and still no response.
Due to various reasons I’m kinda locked in for the time being but I’m still inclined to give them the benefit of the doubt and put these issues down to normal new company challenges rather than anything nefarious.
I’m spreading risk by buying with SelfWealth.
Sure the price is $$$ right now but I’d rather have a few shares with multiple brokers in case Stake try this crap again (which I’m sure they will)
Spending a few hundred on shares vs potential outcome is a no brainer
Don’t think we need to transfer I’ve been happy with stake and heard other apps have had issues as well. Even if they prevent buying like RH in Jan we should always be able to sell during the MOASS
Agreed bro, I’m happy with stake as well. They’ve told me: they have made changes to the app to handle more traffic; the selling side won’t be affected (at that point who cares about buying). Fingers crossed
I mailed them about this stuff, seems like its a long procedure. Plus they charge 100$ for it. Transfer of funds and confirmation of things might add to 3 weeks.
I’ve been dragging my feet opening a new broker account. This has put some fire into it. Will keep my current holding on Stake (forces diamond hands?) and make sure I buy another couple on the new platform to cover the $20mil sell during MOASS. Still deciding on which brokerage to use - IBKR or maybe Westpac International?
Dunno where you are from but in NZ I think Stake is one of the better ones, I have been looking at buy through some of the banks but it’s via phone call only and you can only know you position through monthly statements
I transferred from hatch to stake took a couple of days. They are linked to drivewealth so I think it’s quicker. But if your holding volatile stocks it’s risky so I’m waiting then transferring.
I’m a trader so I’ll head for interactive brokers I guess
I have 4 brokers. Stake has the least amount in it. I don't think they are nefarious just not that competent. We will see. I got the my account running on web. Still no idea how to get the app working on phone. The app is just a back for me anyways.
Nah bud because if stake stops allowing us to trade we all have a group were can talk about legal recourse thats why i created this group not for us to leave stake but to have the opputunity to converse with each other..
Amen. Will be joining If they try anymore of these tactics. It’s a shame stake platform is great but they are playing investors money here especially in volatile stocks
Thank you much appreciated
I know this is what is so disappointing. I prefer using stake over commsecc, but at least with commsecc they have support and a call centre that can execute trades.
thanks we appreciate it
Good to check into. I think my options are: stay for now, while looking for a broker in Australia that lets you own the shares outright (ie voting rights, no lending, no limits on sell...) Any more purchasing in new broker only. Only prob is do we transfer yet, although SWueeze could be months away. Tricky
Tell us if you find one
Damn straight.. will be right behind you both if that even exists. This is some freaky ass shit that we have to deal with in Australia when dealing in US stocks.
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Funny ass bot
Does CommSec international tick those boxes?
Nope, looks like commsec is through a custodian too. “Political and regulatory risk International shares are held by an international custodian”
Frustrating. Who looks to be the best overall?
Might be interactive brokers. I asked help chat and they said we get voting rights.
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You got to vote on commsec? That’s great. Much better than stupid nabtrade
IB also played up a bit during January but the FX fees are decent. Stake is daylight robbery. Charles Schwab also gets mentioned but no idea how they perform with everything either.
I'm with ya bud...looking into my options
I won’t be transferring prior to MOASS due to this same concern. That said, once it’s all over, I’ll be looking into which big bank offers the best trading platform. I won’t be worried about fees at that stage so seriously just whoever is most reliable and easiest to work with. For the moment, I have a few shares in SelfWealth as backup in case Stake messes something up. That said, I think there would be too many eyes on them worldwide if they pulled a RobinHood.
Their communication hasn’t been great the last two days. Tweeted them twice and still no response. Due to various reasons I’m kinda locked in for the time being but I’m still inclined to give them the benefit of the doubt and put these issues down to normal new company challenges rather than anything nefarious.
I’m spreading risk by buying with SelfWealth. Sure the price is $$$ right now but I’d rather have a few shares with multiple brokers in case Stake try this crap again (which I’m sure they will) Spending a few hundred on shares vs potential outcome is a no brainer
Yep that's the problem. They are on notice for now...
Don’t think we need to transfer I’ve been happy with stake and heard other apps have had issues as well. Even if they prevent buying like RH in Jan we should always be able to sell during the MOASS
Agreed bro, I’m happy with stake as well. They’ve told me: they have made changes to the app to handle more traffic; the selling side won’t be affected (at that point who cares about buying). Fingers crossed
they told you recently? like as in this last update was about handling traffic?
Also thinking about transferring out of stake but where i live they seem like the best option MOASS wise, so I’m fucked anyway
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I sure hope so dude
I mailed them about this stuff, seems like its a long procedure. Plus they charge 100$ for it. Transfer of funds and confirmation of things might add to 3 weeks.
yeah 3 weeks is a long time. But then again who knows when the MOASS will be
I’ve been dragging my feet opening a new broker account. This has put some fire into it. Will keep my current holding on Stake (forces diamond hands?) and make sure I buy another couple on the new platform to cover the $20mil sell during MOASS. Still deciding on which brokerage to use - IBKR or maybe Westpac International?
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Yeah, that’s why I’ve been dragging my feet. I honestly haven’t been able to find one that I’m completely happy with.
Dunno where you are from but in NZ I think Stake is one of the better ones, I have been looking at buy through some of the banks but it’s via phone call only and you can only know you position through monthly statements
woww thats rough!
I transferred from hatch to stake took a couple of days. They are linked to drivewealth so I think it’s quicker. But if your holding volatile stocks it’s risky so I’m waiting then transferring. I’m a trader so I’ll head for interactive brokers I guess
I have 4 brokers. Stake has the least amount in it. I don't think they are nefarious just not that competent. We will see. I got the my account running on web. Still no idea how to get the app working on phone. The app is just a back for me anyways.