Why the change in the first place?

We’re in this for the long haul, committed to our mission. Brokerage Packs create a sustainable model allowing us to provide customers with more value and a better experience now and into the future.

Our focus will be rapidly improving Stake on a frequent basis, building your requested features. More advanced order types, better data, better charting, reporting, and more. So expect many features to be added to the premium packs before fees take effect.

For example, we’ve now introduced trading on unsettled funds as part of Stake Black. We’re excited to introduce this as so many of you have been after it! Due to pattern day trading rules, Stake Black will initially only be available to those with account values over $30k. Between now and July 1, we will be working to build in the necessary protections, making it available to all.

This change also allows us to take Stake to the world with clear pricing that people aren’t skeptical of. We’re taking a stand for fairness and transparency while other brokers are making their customers their product. And, as we grow and bring on more customers globally, we’re able to reinvest more into improving our platform; a benefit to all.

Finally, this shifts our reliance away from FX fees. Stake is a brokerage business and that’s where we want to focus. Before July 1, 2020, we’ll be lowering the cost of FX transfers and making it more affordable to make transfers in. We’ll be making an announcement soon on what these will look like.