Cancellation service N°1 in Australia
Contract number:
To the attention of:
Cancellation Department – Stake
Level 11, 1 Margaret St
2000 Sydney
Subject: Contract Cancellation – Certified Email Notification
Dear Sir or Madam,
I hereby notify you of my decision to terminate contract number relating to the Stake service. This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual notice period.
I kindly request that you take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper receipt of this request;
– and, where applicable, send me the final statement or balance confirmation.
This cancellation is sent to you by certified email. The sending, timestamping and integrity of the content are established, making it equivalent proof meeting the requirements of electronic evidence. You therefore have all the necessary elements to process this cancellation properly, in accordance with the applicable principles regarding written notification and contractual freedom.
In accordance with the Consumer Rights Act 2015 and data protection regulations, I also request that you:
– delete all my personal data not necessary for your legal or accounting obligations;
– close any associated personal account;
– and confirm to me the effective deletion of data in accordance with applicable rights regarding privacy protection.
I retain a complete copy of this notification as well as proof of sending.
Yours sincerely,
16/01/2026
How to Cancel Stake: Complete Guide
What is Stake
Stake is a digital brokerage that provides access to ASX and US markets, and offers a premium membership tier called Stake Black that bundles advanced market data, analyst ratings and pro tools for either the Australian market, the US market, or both.
Stake Black is offered as three membership options with separate pricing for AUS-only, Wall St-only and a combined plan; the company publishes monthly and annual billing options and describes features such as market depth, analyst ratings, company financials and instant buying power as part of the Black suite.
| Plan | Monthly | Annual (effective) | Key features |
|---|---|---|---|
| Stake Black AUS | A$14 | A$12/month (A$144/year) | ASX market depth, course of sales, ASX data |
| Stake Black Wall St | A$14 | A$12/month (A$144/year) | Analyst ratings, price targets, US financials |
| Stake Black combined | A$20 | A$17/month (A$204/year) | Both AUS and Wall St tools, bundled pricing |
Customer experience with Stake Black
What users report
Public feedback includes a mix of praise for features and complaints about billing or service responsiveness. Independent reviews note the usefulness of Black for frequent traders while also flagging possible frustrations with fees and customer support delays.
On review platforms some members reported account freezes, perceived high fees on certain transactions and delays in communication; other threads describe historical transitions between legacy plans and Black, where users debated grandfathering and automatic upgrades.
Recurring issues and practical takeaways
- 1. Billing clarity: users regularly check whether GST and payment currency are applied as expected; Stake publishes that GST is included for AUS and combined Black fees and that charges are recurring until cancellation.
- 2. Refund and trial disputes: complaints on public sites frequently relate to expectations about trials and refunds; Stake’s terms set specific refund windows for monthly and annual plans and a single-refund limitation for account fees.
- 3. Payment declines and membership termination: the company states that it will re-attempt failed payments for seven days and that failure to collect payment will cause membership to end; users should expect automatic processes rather than bespoke account fixes.
How cancellations typically work for Stake Black
Framework: Stake treats Stake Black as a recurring paid membership charged monthly or annually to a nominated payment method; the legal terms describe membership fees, billing dates and the effect of cancellation.
Effect of cancellation and timing: Stake’s terms state that cancellation or downgrades will take effect from the next billing date. Consequently, cancelling mid-period ordinarily prevents future renewals but does not automatically prorate access in all cases unless the specific refund windows apply.
Refund windows and proration: Stake provides defined refund entitlements: full refunds for monthly memberships cancelled within 24 hours of start; full refunds for annual memberships cancelled within seven days; and a pro-rated refund if an annual membership is cancelled after seven days but within the first 30 days, limited to pro-rating the remaining period. Stake also reserves discretion to refuse refunds for suspected abuse. These rules are contractual and control most consumer refund outcomes for Stake Black.
Billing interruptions: where a nominated payment method declines, Stake will re-attempt the transaction once per day for seven days and will end membership if charging remains unsuccessful. This has practical consequences for access and for any attempt to recover an inadvertently lapsed subscription.
Legal rights and regulatory context that matter for Stake
In accordance with the terms governed by New South Wales law, Stake’s Stake Black Terms incorporate contract law concepts such as unilateral modification, severability and exclusive jurisdiction; consumers should note the venue and governing law clauses when assessing disputes.
Cooling-off and statutory consumer guarantees: Stake’s published refund policy creates contractual cooling-off windows for the membership, separate from any statutory consumer remedies that may apply for services that are defective or misdescribed. If a statutory remedy is claimed, it is evaluated against the contractual terms and the nature of the service delivered.
Documentation checklist for dealing with Stake Black cancellations and disputes
- Proof of purchase: receipt or transaction record showing the Stake Black start date and charge amount.
- Billing statements: card or bank statements showing recurring charges and dates.
- Membership terms: a snapshot or reference to the Stake Black Terms that were current at signup (noting the refund windows and billing mechanics).
- Trial records: evidence of any free-trial start and end dates where relevant.
- Communication log: dates and brief descriptions of any interactions about the membership (no channel details required here; keep the record entries and timestamps).
- Last successful payment details: date, amount and masked payment identifier to reconcile charges.
Practical implications for billing, disputes and chargebacks with Stake Black
Chargebacks and disputes: if a cardholder believes an unauthorised or incorrect charge occurred, a dispute with the card issuer is a separate legal channel that may be used, but it interacts with Stake’s contractual refund policy and may trigger additional review by payment processors. Documentary proof of the relevant membership terms and charge dates materially strengthens a dispute.
Consequences of repeat disputes: merchants and payment processors monitor dispute rates; excessive chargebacks can lead to limitations on merchant payment services. Consequently, seek contractual remedies first and keep records proving eligibility under the published refund windows.
Address
- Address: Stakeshop Pty Ltd c/o BDO Level 11, 1 Margaret St Sydney NSW 2000, Australia
| Feature | Free tier | Stake Black (combined) |
|---|---|---|
| Market data | Basic stock quotes | Analyst ratings, price targets, company financials, market depth |
| Settlement/instant buying power | Standard settlement timings | Access to unsettled funds for reinvestment (instant buying power) |
| Billing model | No subscription fee | Recurring monthly or annual fee (A$20/month or A$17/month billed annually for combined plan) |
Dispute preparation: what to expect from Stake
Contractual posture: Stake’s published terms reserve broad discretion to limit, suspend or terminate membership for conduct that breaches its code of conduct or terms. Expect the company to rely on those clauses in disputed or complex cases.
Procedural timing: refunds and cancellations have defined time windows; disputes outside those windows are treated on a case-by-case basis and may require escalation through formal complaints processes or a payment dispute with a bank. Public reviews indicate timelines for responses vary.
What to do after cancelling Stake
After any cancellation is processed, monitor your statements for at least two billing cycles to confirm no further charges are applied and retain the documentation items listed above as proof.
If a refund is contractually eligible, expect the refund mechanics and timing to follow the terms; where an expected refund does not appear, use the documented charge records and the membership terms to escalate via formal complaint channels or the payments dispute channel available through your card issuer.
Finally, when evaluating next steps consider alternatives and the features you used on Stake Black; migrating to a different plan or provider requires reviewing custody, brokerage and FX fee differences before switching.