How to invest in US Stocks from Australia
Apple, Microsoft, Tesla, Amazon, etc all the major brands are listed in the US stock market and people wonder how can they invest in those companies from Australia. We have found the most amazing app for all the aspirant share market investors. The name is STAKE.
Stake trades in 6,000+ US stocks and ETFs on Stake. Stake is one of the best apps which is user-friendly, simple, and has no forex exchange fees per trade.
STAKE – OFFER FOR OUR READERS:
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How can I start investing?
Sign up, and then the first step is to deposit by transferring AUD and getting USD in your Stake wallet. Once you transfer the money and then voila, you have the USD in your account and you can trade the stocks in USD and you do not need to pay the Forex exchange fees on every trade. There are no other charges on the trade you make which makes the trade quite simple and easy.
You only need to pay the forex fees and charges once you deposit or withdraw money, unlike any other apps where you pay the forex fees on every trade. There is no other commission charge by the Stake on your trade. One of these types of app is IG but IG has global shares and stocks. IG also trades in CFDs.
Advantages and disadvantages:
- Trade in USD – Transfer AUD and have USD in wallet
- Fraction share – You can buy fraction shares so you can start investing in high value share with small amount as well
- Dividend – Earn dividend on shares and get dividend paid directly in your wallet
- Buy ETF – You can buy ETF in stakes for safer investments options.
- Investment Flexibility – Start trading with as low as $50 AUD
- No Pre and aftermarket – The only disadvantage is that stake doesn’t support extended trading hours – You can buy and sell only during market hours.
All in all, this is the most amazing app which gives its member the same freedom as any other American trading app. We would highly recommend using this app for the US market. Also, Stake is launching the ASX market next year as well.
Disclosure: This blog receives a commission for using affiliate links within our content. Although we receive a commission for using and linking to these products, all of our opinions and suggestions are unbiased.