How the US Market Works
No. Unlike Australia, the US sharemarket does not have a central depository, settlement and clearer. They use large custodians (nominees) who are respon...
Wed, 3 Oct, 2018 at 4:38 PM
If you have a Stake trading account, you are the beneficial owner of the shares, where the shares are registered in your name by DriveWealth. DriveWealth ma...
Wed, 3 Oct, 2018 at 4:47 PM
Stake automates the W8 form and does the paperwork for you.
Mon, 24 Dec, 2018 at 12:16 PM
Yes. We've used technology to save you from the complexity and headaches.
Wed, 3 Oct, 2018 at 4:49 PM
US equities market settlement is T+2 (trade day plus 2 business days) which is the same as Australia which is T+2. With this type of settlement, there a...
Fri, 12 Jan, 2018 at 2:59 PM
When trading on the US markets, there are certain settlement rules for cash accounts (those currently offered through Stake) to be aware of and the violatio...
Wed, 3 Oct, 2018 at 4:54 PM
This is when you sell another security to cover the cost of the purchase of another security after the purchase date. In this instance, your sale proceeds w...
Tue, 7 Nov, 2017 at 4:39 PM
Under SEC guidelines, a Good Faith Violation occurs when, through a cash account, a security is purchased and is sold before being paid for with settled fun...
Tue, 7 Nov, 2017 at 4:39 PM
This is the U.S. Securities and Exchange Commission (aka SEC). The SEC is an independent agency of the United States federal government and is the primary r...
Tue, 7 Nov, 2017 at 4:39 PM
Free Riding Violation in a cash account, an investor must pay for the purchase of a security before selling it. If an investor buys and sells a security bef...
Wed, 3 Oct, 2018 at 5:00 PM