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Australian trading platform Stake is beating Robinhood overseas, and says its traders aren’t just gambling on the stock market – Business Insider Australia
While Robinhood and its traders have become synonymous with $0 commission share trading, it’s being outflanked internationally by a smaller Australian rival.
- Zero-brokerage trading platform Stake has expanded to operate in the United Kingdom, New Zealand, and Brazil as well as its home market, Australia.
- It comes as Robinhood pulls the plug on its own UK plans, and withdraws its Australian waitlist.
- Stake CEO Matt Leibowitz told Business Insider Australia that while the two are quite different, Robinhood has helped pave the way for Stake to grow rapidly.
- Visit Business Insider Australia’s homepage for more stories.
While Robinhood and its traders have become…
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