Taking the Leap Into International Investing
According to Matt Leibowitz, founder of Sydney start-up Stake, with local brokers charging high brokerage and FX transfer fees to access overseas equity and ETP markets, Aussies have settled for investing heavily in the domestic market while missing out on the best the world has to offer. Leibowitz says of local brokers: “Limited product suite, hard to access, and expensive. It was obvious to me that Australians were getting a raw deal.”That’s why Matt Leibowitz and his colleagues Jon Abitz and Daniel Silver started Stake, and why OFX jumped at the chance to become their FX partner, to make ‘investing globally more like shopping locally’ – a simple, affordable and enjoyable experience, underpinned by exciting growth potential.