Android Release Promotion Terms & Conditions


How it works

  • Users and friends they refer to Stake earn A$20 Trading Credit from 00:01 to 23:59 28 November AEDT.
  • Referred friends must sign up and perform a qualified funding for both the user and their friend to qualify.
  • You don't need to be on Android to quality - iPhone and desktop users can also join in.
  • You must fund by card, POLi or transfer from Stake AUD → USD wallet to qualify for credit. Transfers into AUD wallets and USD → USD transfers do not apply.
  • You’ll receive an email when you have earned Trading Credit to the email associated with your account. You should receive this within an hour of qualifying for credit.
  • The credit will take 3-5 business days to settle in your account. When the credit settles, we will notify you that the money is ready to trade.


Last updated: 14 November 2018


These terms and conditions (Android Release Promotion T&Cs) apply to the Stake Android Release Promotion (the Promotion) which will runs from 00:01 and 23:59 on 28 November 2018 (AEDT).  By participating in the Promotion, you agree to be bound by these Android Release Promotion T&Cs.


This Promotion allows registered Stake users (a “Stake User”) to earn promotional credits (Trading Credit) toward future trading by referring friends to Stake and funding their account during the promotional period outlined below.


To participate, Stake users must agree to these terms, which are in addition to the Stake Terms & Conditions and the Stake Referral Terms & Conditions.


Promotional Period

These terms are valid during the Promotional Period only. The promotional period (“promotional period”) runs from 00:01 and 23:59 on 28 November 2018 (AEDT). 


During any other time, these terms and conditions are invalid and not applicable.


How to Earn Stake Trading Credit


Stake Users can earn trading credit if: (i) a friend clicks on their referral link to create a valid Stake account and meets the requirements of a Qualifying Referral within these stated terms; or (ii) the user signs up for the first time to Stake. The Stake User may not be the same person as referred friend or an existing Stake customer. 


Qualifying Users will be credited with the Trading Credit amount described in the referral invitation or accompanying promotional materials. Trading Credit is $20AUD per referral and $20 AUD to referred friends and new Stake users.

The credit is deposited into the account as USD so will arrive as the USD value of $20AUD at the time of transfer. The referral’s USD equivalent credit amount will be calculated using the base exchange rate at the time of automatic transfer..


Qualifying referrals

A referred friend must complete Stake’s sign up process and fund their account with a qualified funding during the promotional period to count as a referral (“qualifying referral”). The friend will earn $20AUD for joining as a qualifying referral.


Details on qualifying fundings are below. The minimum amount required to fund a Stake account is $50AUD. When a user has earned Trading Credit, Stake will email the user notifying them of the reward earned.


Users should allow 3-5 business days for Trading Credit to clear their account. Stake will email the User when the credit has cleared and is ready to trade. Credit will be deposited directly into the User’s Stake USD wallet. 


Referred friends must be new to Stake (have no previous accounts with Stake). 


Qualified Funding

A Qualified Funding must be a completed funding (min $50AUD) that occurs during the Promotional Period. Fundings must be made by card, POLi or transfers from AUD -> USD Stake wallet to qualify for the promotion. AUD bank and BSB transfers into Stake AUD wallets and USD transfers -> Stake USD wallets do not apply. 


Incomplete fundings do not qualify. 


Referred Friends do not qualify for the Trading Credit earned on completing a Qualified Funding. They will earn credit only on joining as a Qualified Referral. 

Users will receive Trading Credit for every qualified referral they complete during the promotional period. 


Users should allow 3-5 business days for Trading Credit to clear their account. Stake will email the User when the credit has cleared and is ready to trade. Credit will be deposited directly into the User’s Stake USD wallet. 


Earning Trading Credit


Stake Trading Credit is used for promotional purposes only.


Stake Trading Credit may not be earned by creating multiple Stake Accounts. Stake Trading Credit accrued in separate Stake accounts may not be combined into one Stake account. Stake Trading Credit can only be earned with your “Individual Account” and not a company, trust or SMSF account.  


If for any reason you believe that there is a discrepancy regarding your balance of Stake Trading Credit, email support@hellostake.com Stake may require you to submit additional information in order to determine your Stake Trading Credit status. All decisions regarding your status will be final and at Stake’s sole discretion.


You are responsible for any tax consequences, if any, that may result from your redemption or use of Stake Trading Credit. 


Sharing Referral Links

Referrals should only be used for personal and non-commercial purposes, and only shared with personal connections that will appreciate receiving these invitations. Referral codes should not be published or distributed where there is no reasonable basis for believing that all or most of the recipients are personal friends (such as coupon websites, Reddit, or Wikipedia).


Multiple Referrals

A referred friend may only use one referral code. If a referred friend receives referral links from multiple Stake Users, only the referral code used by the referred friend when creating their account will receive Stake Trading Credit.


Severability

If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.


Termination and Changes

Stake may suspend or terminate the Promotion or a user’s ability to participate in the Promotion at any time for any reason.


We reserve the right to suspend accounts or remove Stake Trading Credit if we notice any activity that we believe is abusive, fraudulent, or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.


The scope, variety, and type of services and products that you may obtain by redeeming Stake Trading Credit can change at any time.


Legals & Updates to the Terms

These Android Release Promotion T&Cs are to be governed by and construed in accordance with the laws of New South Wales, Australia and shall be subject to the jurisdiction of the New South Wales Courts.


We can update these Android Release Promotion T&Cs at any time without prior notice. If we modify these terms, we will post the modification on the Stake website and applications which are effective upon posting. Continued participation in the Promotion after any modification shall constitute consent to such modification.