Stake get their money from foreign transfer fee, the Premium or Black pack, and interest on the US dollar balance on your account. Foreign transfers are charged by taking 1% of the amount transferred from NZ dollars to US dollars, and vice versa. Although they reap some interest from the uninvested US dollars on your account, the amount isn't significant.
Your money is transferred from your account to Stake’s foreign transfer partner in your country. Once cleared, funds are sent to DriveWealth — Stake’s US broker-dealer — which will expose your money to the U.S. stock market.
Excellent service. Responsive and easy to deal with. Got me an awesome deal on Broadband. Well worth calling to see what they can do. 👍
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So easy to use, very helpful and got a great deal with my power and gas