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 respons...
Mon, 4 Mar, 2019 at 1:38 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...
Mon, 4 Mar, 2019 at 1:19 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...
Mon, 29 Apr, 2019 at 6:05 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