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Finder's rating: 4.1/5
★★★★★
Whether you're a seasoned trader or someone who's new to the investment game, nabtrade simplifies the share trading process. The online trading platform has a user-friendly interface, comprehensive research and reporting available and a tiered service level tailored to your trading activity. Whatever type of trading you're looking to do, nabtrade can help you research, invest and optimise your trades and investments.
AUD 14.95 for trades up to AUD 5,000
Standard brokerage fee
ASX, NASDAQ, NYSE, London Stock Exchange, AMEX, Hong Kong Stock Exchange
Available Markets
Phone, Email
Support
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Type of broker |
Online only |
---|---|
ASX products |
Shares Exchange traded options Exchange traded funds Warrants |
Available markets |
ASX NASDAQ NYSE London Stock Exchange AMEX Hong Kong Stock Exchange |
Standard brokerage |
AUD 14.95 for trades up to AUD 5,000 |
Support |
Phone |
nabtrade is the online share trading platform of National Australia Bank (NAB). You can apply and manage your account online and keep track of market activity with NAB's complimentary mobile trading platform, IRESS. NAB also gives you access to comprehensive market research reports and information as well as notifying you of changes to help you stay on track.
As per the 2015 second half Investment Trends Australia Online Broking Report, nabtrade offered best value brokerage amongst the Big Four banks, as rated by clients. Opening and operating a nabtrade account is easy. You can do so online in minutes.
You can apply online with nabtrading and start trading in as little as ten minutes. There are four account options to choose from:
You get multiple trading alternatives through your nabtrade account. Your options include:
Fees |
★★★★★ 4/5 |
Trading tools |
★★★★★ 2.4/5 |
Research and education |
★★★★★ 2.6/5 |
Available countries |
★★★★★ 3.5/5 |
Available securities |
★★★★★ 2/5 |
Customer support |
★★★★★ 3/5 |
All your accounts have one login, one statement and one total wealth view. With just one login you can access over 10,000 investment options.
NAB offers a comprehensive range of market research reports to help you make well-informed trading decisions. Plus, NAB gives you access to research recommendations for over 1,500 ASX listed companies, which is more than any other online broker.
nabtrade gives you a linked cash account as well as the option of linking a high interest savings account to allow for instant transfers, unlimited deposits and a competitive variable interest rate.
You can create alerts for movements in prices, technical analysis parameters, changes or events with your portfolio or index price levels and more. Depending on your service level you receive a different amount of free alerts.
You can use nabtrade IRESS to trade via your phone or tablet device. The app allows you to monitor live data which is refreshed at an interval of your choice and this is free to all nabtrade customers.
You get access to dynamic data for free. What you get to see are real-time streaming dynamically updated ASX prices, provided using technology by Reuters. You get to make custom watchlists, the Global Scanner tool lets you scout for opportunities and you can setup alerts as per your needs.
You can place limit orders, markets orders and conditional orders through nabtrade.
The markets you have access to include Australian Stock Exchange (ASX), Chi-X, New York Stock Exchange (NYSE), AMEX, NASDAQ, London Stock Exchange (LSE) and Xetra.
Enjoy the benefits of trading international shares whilst utilising NAB's competitive exchange rate, that gets locked in when your trade order executes so you won't have to worry about fluctuation in exchange rates between the time you book your trade and when it settles. Trade shares in the US, UK, Germany as well as Hong Kong just as easily as trading shares on the ASX.
When you sign up to nabtrade you will be given three months complimentary access to the 'Silver' service level. After this initial period you must either meet eligibility criteria for a service level upgrade at no extra charge or pay an additional monthly subscription fee to upgrade to a level of your choosing. Here is a breakdown of the different service levels available.
Service level | Features | Cost |
---|---|---|
Bronze |
| No charge |
Silver | Bronze level access, plus:
| No charge |
Gold | Silver level access, plus:
| No charge |
Platinum | Gold level access, plus:
| $19.95 (incl. GST) per month or no charge if criteria met |
Platinum + IRESS | Platinum level access, plus:
| $59.95 (incl. GST) per month or no charge if criteria met |
The following fees apply when trading domestic and international shares. Note that international trades will incur a foreign exchange conversion spread added to the exchange rate.
Trade size | Brokerage fee per trade (inc. GST) |
---|---|
Up to $5000 | $14.95 |
$5000.01 - $20,000 | $19.95 |
Over $20,000 | 0.11% of trade value |
Over the phone trades | $59.95 or 0.55% of trade value (whichever is higher) |
You can load funds into your nabtrade account to pay for shares through the following ways:
When you open a new nabtrade account you'll receive a domestic trading account, an international trading account and linked cash account. You also have the option of setting up and linking an NAB High Interest Savings Account and margin lending account.
If you're not already a NAB customer, you'll need to provide passport or license details, your home address and an email address.
In order to qualify for a nabtrade account, you must 18-years or older and an Australian resident.
No, non-residents can apply, but all applications from people living overseas require risk and compliance approval based on background checks.