Both Hatch and Stake charge a deposit fee. If you sell them again for 25 cents/share, you'll incur another $24. However, active traders will incur many $3 trading fees using Hatch, whereas Stake offers unlimited free trading. May 2020. Hatch vs Sharesies – Which Is Better? ​If you are buying only into a single company where the price is above $2, Hatch charges $3 and a 0.50% FX fee. Compare the foreign exchange and brokerage fees between Sharesies, Stake and Hatch – services that Kiwis can use to buy shares and ETFs listed in the United States. Hatch's trade fee would be $13 ($3 + 1,000 shares X 1 cent/share). Those who want more control (i.e from order types, to trading using an app and web platform). Its customers have. Online investment opportunities have changed the dynamics of investment for individual investors. Passive investors can deposit small amounts when it suits, then set a timeframe and amount to invest at regular, automated intervals without paying fees. Sign up. In an extreme example, if you take a punt on 'penny stock', you'd pay 1 cent/share with Hatch, which can add up if you're buying a lot of shares. Hatch NZ, Investing, Stake, Stocks. Hi there, I am a noob in the finance world and I am learning about ETFs. $2), added extras (SEC and TAF fees) and doesn't pay interest on uninvested funds. It serves anyone accessing the US market with full functionality (all order types, day trading) and has over 170,000 Australian customers. Its fees are simple to follow, and we outline these below. My question: Is Sharesies/Stake a better platform to invest in ETFs when compared with Smartshares? We can't guarantee everything contained on this website will be perfect - you use the information contained on our website and all social channels at your own risk.​. 6080 posts Uber Geek #2623954 18-Dec-2020 15:30. The dollar cost of an FX fee grows in proportion to your deposit, so the larger the deposit amount, the more you will be paying. An Australian platform, Stake, is also testing its product in New Zealand and plans to launch in coming months. > I understand that Stake and Hatch are owned by DriveWealth neither stake or hatch is owned by DriveWealth, they use DriveWealth, but are not owned by DriveWealth. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Our values statement is simple: MoneyHub exists to give every New Zealander the information they need to make better financial decisions. If you take a $10,000 position in Facebook (FB), you'll hold around 50 shares. Hatch goes a step further than Sharesies by offering direct shares in companies listed on the New York Nasdaq index, such as Apple, Tesla and Google. Three investment platforms have entered the New Zealand market since 2017 - InvestNow, Sharesies and Hatch - through which people have invested a total of around $385 million. to trade shares in multiple companies in big or small. Hatch offers a simple way to keep fee percentages low by allowing auto-investments into all 2,700+ companies and ETFs. If you're already a Sharesies customer for NZ investments and paying a membership fee, this will cover your US investing activities. Does anyone have experience changing a reasonable amount of money from one platform to another? With Hatch, the trade fee is $3. Sharesies vs Hatch – Which Is Right For You? product of a startup incubator, its purpose has been to make investing obtainable for young people. And Sharesies … Comparing Sharesies vs Investnow  vs Index Funds, Securities Investor Protection Corporation, allows you to use third party FX services, free to transfer in and $5 to transfer out, fee to transfer shares out of Hatch depends on your new broker and fractional shares can’t be transferred, Comparing Sharesies vs Investnow vs Hatch (and more), $30/year (for portfolio balances over $3,000) or $1.50/month ($50-$3,000 portfolio balances). Comparing Sharesies vs Investnow vs Hatch and more, Top 10 New Zealand Personal Finance Experts, Trusted Insurance Brokers in Christchurch, American Express Airpoints Platinum Review, Best Foreign Currency Debit & Credit Cards, TransferWise International Money Transfer Review, Renting Directly to Tenants vs Using an Agent, Trusted Mortgage Brokers in Napier and Hastings, Fixed or Floating Mortgage Rate Calculator, How to Check Your KiwiSaver Contributions, New Zealand Defence Force KiwiSaver Scheme, 65+ Best Online Shopping Websites in New Zealand, The Complete Guide to Renting in New Zealand, Hardship Assistance - Urgent Costs and Living Expense Assistance, Student Job Interview Questions and Answers. By Lisa Walter May 7, 2020 . By buying shares in one of these companies, you become a shareholder, and own part of the company! We believe the right answer depends on your investing habits. Which is the right platform for you to buy shares on the stock market? I haven't tried out Hatch yet. Monique Law. US 500, Emerging M… This table compares Hatch and Stake's fee schedule side by side. BDFL - Memuneh 69681 posts Uber Geek Administrator ID Verified Trusted Geekzone Lifetime subscriber #2623956 18-Dec-2020 15:33. quickymart: My take on … Hatch vs Stake vs Sharesies Summary Sharesies offers the lowest foreign exchange fees, but depending on the value of the trade, may be the most expensive. Securities Investor Protection Corporation, will help out with the fees your existing broker charges for the move, fee to transfer shares out of Hatch depends on your new broker and fractional shares can’t be transferred, Comparing Sharesies vs Investnow vs Hatch (and more), Compare Sharesies with Hatch and Stake for US Shares, Optional $9/month for additional features such as day trading on unsettled funds, priority customer support, analyst ratings and price targets, 1% on the interbank rate, $2 minimum fee (with a minimum $10 withdrawal amount), $3 flat fee to buy and sell up to 300 shares (then it’s $0.01 a share) for all order types (limit, market, stop-loss), $0 market orders - all advanced order types are available for free, and all trading is free on Stake. Free trading fees is the biggest selling point of Stake, although the 1.00% FX rate applied to funding and withdrawing USD means Stake makes its money elsewhere. While you pay $3 per trade, the FX fee is half what Stake charges (0.50% vs 1.00% - and no $2 minimum fee) which is a significant benefit. Our Stake vs Hatch vs Sharesies comparison is a good place to start. June 6, 2020 0 Comments 1936 Views. In addition, money held by the Custodian can’t be touched by creditors. We can't guarantee everything contained on this website will be perfect - you use the information contained on our website and all social channels at your own risk.​. They’re designed to make it easy to invest in shares, exchange traded funds (ETFs) and managed funds — but how do you know which of these investing platforms is the best choice? In rare instances, a provider will change a price or product before we've had a chance to update our information; double check prices first before making any decision. The platform has grown in popularity, with a surge during the COVID-19 lockdown. I have recently joined Stake so I can access US stocks, and went with Stake because they had no fees and I had a referral code which got me a free US share. The Wellington-based firm offers a web-only platform (no app) and has facilitated hundreds of thousands of trades since launching. When you sell, you pay again. Hatch and Sharesies both share a similar reputation when it comes to investing. Since launching, it has grown fast. Depending on how much you deposit, if you plan to trade regularly then Stake can easily work out to be cheaper. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. freitasm. With Stake. Our view is that Sharesies is best for those wanting smaller-sized investments and exposure to New Zealand opportunities within the same platform. Does anyone have any great insight into the differences? Read More. Hatch offers a simple way to keep fee percentages low by allowing auto-investments into all 2,700+ companies and ETFs. How to Use Stake – Beginners Guide to Stock Investing. The platform has grown in popularity, with a surge during the COVID-19 lockdown. I see that Smartshares doesn't charge too much but getting your money out of Smartshares is complicated. Hatch is providing a full featured and intuitive investing experience for beginners through to experienced investors, with a useful, Stake is a full suite brokerage with app and web. All dollar ($) values below are expressed in USD, which is the functional currency of Hatch and Stake by way of trading and fees. We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. ​Our priority is accurate information. Popular Posts . Stake emulates the offerings of neo-brokers like. Both Hatch and Stake have difference in the price structure. You’re busy, so we’ve broken it down to 10 minute chunks that you can complete over ten days, or all at once. What Happens If Your Investing Platform Shuts Down? Sharesies; Hatch NZ; Contact Us; June 6, 2020 0 Comments 1899 Views. They offer 32 ETFs on their platform, all of which are issued by Smartsharesand include: 1. ​We cannot accept liability for any decision made based on our information. Fund Platforms are a good option for everyone – both beginners and experts – as they allow you to invest in lots of different funds under one roof. Sharesies vs Stake vs Hatch fee calculator. Creation date: Not Available Hatch charges no minimum FX fees. There is zero brokerage fees across the board, Free and unlimited - phone call back, and online, Free and unlimited - local phone number and email, SEC fee: $0.231 per US$10,000 of sale proceeds, TAF fee: $0.0001119 per share with a per-transaction cap of $5.95, Existing Sharesies customers wanting exposure to a small amount of US shares, Those wanting to use a New Zealand-based platform, Those who want more control (i.e from order types, to trading using an app and web platform). The 1% FX fee charged by Stake, can, in some instances of low value funding, offset the benefits of the ‘$0 brokerage fee’. The right platform for your needs will depend on what you want to trade and which service is the most user-friendly. It serves anyone accessing the US market with full functionality (all order types, day trading) and has over 170,000 Australian customers. While we receive compensation when you click links to partners, they do not influence our content. - How to Invest. Last updated: May 6, 2020. We welcome your stories, tips and any feedback via. NZ Top 50, Australian Top 20, NZ Dividend 2. International share ETFs– e.g. If you're not already on Sharesies, you can join using my referral code below and we'll both get $5 for free! Per Stake's founding team, 77% of their investors have bought and sold shares before, so it appears to appeal to experienced investors. We link to other websites throughout this website, but take no responsibility for the content they publish. Passive investors can deposit small amounts when it suits, then set a timeframe and amount to invest at regular, automated intervals without paying fees. Comparing Sharesies vs Investnow vs Hatch and more, Top 10 New Zealand Personal Finance Experts, Trusted Insurance Brokers in Christchurch, American Express Airpoints Platinum Review, Best Foreign Currency Debit & Credit Cards, TransferWise International Money Transfer Review, Renting Directly to Tenants vs Using an Agent, Trusted Mortgage Brokers in Napier and Hastings, Fixed or Floating Mortgage Rate Calculator, How to Check Your KiwiSaver Contributions, New Zealand Defence Force KiwiSaver Scheme, 65+ Best Online Shopping Websites in New Zealand, The Complete Guide to Renting in New Zealand, Hardship Assistance - Urgent Costs and Living Expense Assistance, Student Job Interview Questions and Answers. And. There are around 140 individual companies listed on the NZX. For example, a US$2,000 purchase of shares would cost US$10 with Sharesies, US$3 with Hatch (assuming it comprises of less than 300 shares) and is free with Stake. Because both are free to use, you can register for both and see which one is right for you. he Stake app makes this effortless, and the design and functionality of Stake, in general, will encourage frequent use. It’s hard to directly compare the fees because of the different price structures. It's quick to sign up. May 7, 2020 0 Comments 832 Views. ​. With Stake being a top app that helps Australians and Kiwi’s get… Read More. Share Share Twitter Pinterest. Read more. The biggest competitor to Hatch is Stake - o ur Hatch vs Stake guide compares the two platforms in detail. . The fees charged by Hatch increase the more shares you trade (after 300 shares, the fee is 1 cent/share). Otherwise, each platform has its own pros and cons. Free trading fees is the biggest selling point of Stake, although the 1.00% FX rate applied to funding and withdrawing USD means Stake makes its money elsewhere. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. For example, Sharesies Limited cannot use investors’ money held in Sharesies Nominee Limited to pay their employees’ salaries. For example, on a $1,000 deposit, you’re paying $3 extra to deposit via Stake, on a $10,000 you’re paying $30 extra. Its fees are simple to follow, and we outline these below. They have low minimum investme… By comparison, there would be. When it comes to brokerage, the $0 commission on market orders that Stake offers can offset the extra FX costs in some cases. Now wondering if Sharesies is going to be better, given I use them for NZX already. Unsure still which is right for you? If you take a $10,000 position in Zynga (ZNGA), you'll hold around 1,300 shares. By Lisa Walter May 5, 2020 . Stake does charge higher FX fees (1% vs 0.50%), has minimum funding fees (i.e. To help you make sense of the finer details between the different platforms, we itemise the differences below: Unsure still which is right for you? You’ll need to be at least 16 years of age and have an NZ bank account. Sharesies vs Smartshares. Hatch vs. Sharesies vs. Investnow etc. Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. The break-even point where Hatch fees are cheaper than Sharesies is $750 and Stake is $600 in one transaction. he Stake app makes this effortless, and the design and functionality of Stake, in general, will encourage frequent use. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Hatch’s free online Getting Started Course teaches you everything you need to start. 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