Need a Stake Referral Code?
Join Stake with the referral code "TOBIASC275" to get a free share in Nike, Dropbox, or GoPro when you fund your Stake Wall St account within 24 hours, and a bonus $10 when you fund your Stake AU account 🚀. Do both, Get both! 😎
TOBIASC275
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How to redeem a Stake Referral Code
Creating an investing account with Stake can be a breeze. Follow the steps below to ensure you sign up correctly and get a free share :)- Enter the referral code 'TOBIASC275' into Stake when opening an account.
- Verify your account and wait for it to be approved by Stake.
- Deposit money ($50 minimum) into your US Stake Wallet using 'bank transfer' or 'POLI' within 24 hours of viewing your new account within the Stake app. If you are not currently able to deposit money into Stake, do not open the app and view your complete account unless you are ready to deposit within 24 hours. This process will ensure that you can get the free share worth up to $150 USD, using the referral code 'TOBIASC275'.
- Play the 'free stock game' to receive your free share in Nike, Dropbox, or GoPro. How exciting :).
- If you want another referral bonus, activate your Stake Australia Account and make a deposit of any size within 24 hours to get $10 worth of investment credits :)
What Free Stocks Can I Get with a Stake Referral Code?
There are 6 free stocks available with a Stake referral code, 3 of which are 'mystery shares' in addition to Nike, Dropbox and GoPro. Many other websites do not mention the 'mystery shares' however this is immoral, as the 'mystery shares' account for 97% of the free stocks issued when signing up for Stake using a referral code. The complete probabilities for the different free stocks available using a Stake referral code are listed below.
Stock
Market Value (USD)
Probability
Mystery
less than $10 USD
97%
GoPro
$10
2.55%
Dropbox
$30
0.435%
Nike
$160
0.015%
What are Stake's 'mystery stocks'?
As of February 2022, there are three mystery stocks that you can get by signing up to Stake with a referral code are: Trivago, Ambev, and ElectraMeccanica. The market value of the different free 'mystery stocks' is listed below.
| Mystery Stock | Market Value (USD) |
|---|---|
| Trivago | $2.20 |
| Ambev | $2.80 |
| ElectraMeccanica | $2.50 |
What is a Stake Referral Code worth?
The free stocks as part of the Stake referral program range in value and can be worth up to $160 USD if you get a Nike share, however, the chance of this is low. When considering the true value of the referral program, it is much better to examine the expected or average price of the free stocks so you don’t get disappointed. As shown below, this can be determined by my multiplying the market value of each of the different six stocks by their respective probabilities.
$${μ=\frac{97\%}{3}\times(2.2+2.8+2.5)+2.55\%\times10+0.435\%\times30+0.015\%\times160}$$
$$ { ∴ μ= $ 2.83 \text{ USD} } $$
While the average value of the free stocks is not very high at all and only equivalent $4 AUD, it is free money and certainly better than nothing, and can help pay for the FX fees and the one-off $5 US Tax form fee. Considering it only takes a minute to enter its also not that bad of a deal.
Maybe luck is on your side and you get a free share in Nike. Who knows, it is possible :) One thing is for sure though, to be eligible and in the running to win a free share in Nike be sure to enter the referral code 'TOBIASC275' into Stake when signing up
Why use a Stake Referral Code?
Good question. Well if you don't sign up with a Stake referral code, you get nothing. So there is nothing to lose and you only gain by signing up to Stake with a referral code like 'TOBIASC275' 📈. Not only can you get a free share worth up to $160 USD, you can also get $10 in your Stake AU Account for free .
I want to use Stake ASX - Are there any referral bonuses?
Fortunately, both US and ASX trading is linked to one central Stake account, so signing up is easy. Provided that you sign up with a valid Stake Referral Code, such as 'TOBIASC275', and deposit money into your Stake ASX Wallet within 24 hours of signing up, you can get a $10 investment credit. Unlike the free stock, you cannot directly exchange the investment credit into cash by withdrawing it or transfering into your US Wallet, however you can use to to purchase ASX Shares and ETFs.
In addition, it should be noted that the minimum trade size for ASX investments is $500 AUD. This is a requirement by the ASX which Stake does not have control over.
Why I love investing with Stake
Advantages of Stake
- Sign up and get referral bonuses within minutes
- Trade over 6000 US shares and ETFs with no brokerage
- Trade over 2000 ASX listed shares and ETFs for only $3
- Access to OTC markets with Stake Black
- Fractional shares and a minimum trade size of only $10 USD on US investments
- Free stock worth up to $160 USD if you sign up with a Stake Referral Code
- $10 in ASX investment credits with a Stake Referral Code
Some Limitations of Stake
- One off $5 US tax form fee on new accounts
- Limit orders are only active for one trading day
- No premarket or after hours trading with Stake
- 0.7% FX fee on both deposits and withdrawals for US Wallets
- 0.5% additional fee for express one business day deposits into US Wallets
- Mobile app can sometimes crash especailly on android devices
About Stake Referrals
Stake Referrals has no affiliation with HelloStake Limited. I am just an investor sharing my love of investing through Stake.
It should be noted that the minimum deposit into the Stake is $50 and the free stock will be available upon this deposit provided you sign up with a valid referral code. If you do not sign up with a Stake Referral Code, such as "TOBIASC275", you will not be eligible for the free stock.
You should decide for yourself whether or not the free stock added to your Stake portfolio is right for your circumstances. Please use this as general advice only. Stake is only available to residents in Australia, New Zealand and the United Kingdom.
Further details can be found here:
https://hellostake.com/au/legal/free-stock
If you have any questions or concerns shoot me an email at tobys.referrals@gmail.com.