Stake predominately offers low-cost brokerage services to retail investors in Australia, New Zealand, Brazil and the United Kingdom.

[6] As a low-cost broker targeted towards retail investors, Stake played a pivotal role in the GameStop short squeeze in Australia.

[7][8] On 1 February 2021, US broker-dealer DriveWealth significantly raised its capital requirements for trading in the GameStop stock in an attempt to tame the wild fluctuations in price.

[16] In May 2023, Stake announced the appointment of a new chairman Geoff Lloyd, former chief executive of Perpetual Limited and National Australia Bank's MLC Wealth.

[17] In July 2023, Stake appointed Jon Howie as their new Chief Commercial Officer, coming from previous roles at BlackRock APAC, Macquarie Bank and iShares Australia.