Trading in the stock market can be easy if you open a nabtrade account
WealthHub Securities, a wholly owned subsidiary of National Australia Bank Limited, provides the nabtrade Global Market Trading service. The National Australia Bank (NAB) group has more than 12 million customers that it serves through around 1,700 branches and 42,000 employees globally.
Businesses in New Zealand, Asia and the UK complement the group’s major Australian financial services franchises. You can access personal banking products that the group offers through various channels such as NAB, UBank, NAB Broker and nabtrade.
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.
This guide gives you all the information you need surrounding the nabtrade service.
What can I trade with nabtrade?
You get multiple trading alternatives through your nabtrade account. Your options include:
Australian and international shares
You get real-time access to more than 10,000 securities from the world over, using your computer, tablet or smartphone. Real-time streaming of ASX prices is free for all nabtrade clients, so you don’t have to refresh price quotes periodically.
Exchange traded funds
If you’re looking at diversifying your investment portfolio, investing in exchange traded funds (ETFs) using nabtrade can work well for you. You get access to different managed portfolios, hard and soft commodities as well as indices.
Exchange traded options
If you wish to protect your portfolio, leverage your position or generate income, you can invest in exchange traded options (ETOs).
Companies issue warrants, so they’re not instruments of the stock market. You can take short or long positions when you trade in warrants. You can use them as means to protect your portfolio by employing a suitable risk mitigation strategy.
Listed investment companies
All nabtrade clients get access to leading portfolio managers through whom they can get exposure to Australian and international listed investment companies (LICs).
Investors typically turn to hybrid securities for income generation. They tend to come with elements of debt and equity securities. Like debt securities, they usually promise to pay a fixed or floating rate of interest until a given date.
Real estate investment trusts
By investing in listed Australian real estate investment trusts (REITs), you get exposure to property based assets.
Fixed income or bonds
Fixed income investments give you the ability to add more diversity to your portfolio. Through nabtrade, you can access high credit rating alternatives such as Australian Government Bonds.Back to top
What are the features of nabtrade?
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.
The Markets Today section brings to you the latest market news from Australia and overseas. Trading Central gives you access to technical analysis as well as expert outlooks on ASX-listed companies. The Research Team tool gives you the ability to understand conflicting recommendations so you can delve deeper into probable opportunities. Partnerships with research providers such as Wise-owl and Morningstar bring insightful market related information to your table.
Access to nabtrade comes in different ways. While you can trade online at anytime, you also have the option of trading over the phone.
You can place limit orders and markets orders through nabtrade. Placing conditional orders is also an option.
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.
High interest account
To trade with nabtrade you should have a nabtrade Cash Account. The nabtrade High Interest Account comes with a competitive interest rate for balances up to $1,000,000.
What support and/or information is available with nabtrade?
You can get in touch with a nabtrade representative over the phone from 8am to 8pm, Monday to Friday. If you contact one via email, you should get a response within two business days. The nabtrade website answers most popularly asked questions about getting started, using the online platform and managing your account.</p>
The Insights and Ideas section gives you the ability to stay up-to-date with the latest happenings in the stock market. In the Stocks to Watch section, you can see which stocks hold promise. The website also gives users access to a range of articles surrounding topics such as ETF fundamentals, transacting in mFunds, placing international trades and mistakes to avoid.Back to top
What are the fees when using nabtrade?
The fees you have to pay when you use nabtrade depend on the kind of trades you carry out. Here’s what you need to know:
Australian listed securities, mFunds, warrants and exchange traded funds (ETFs)
|Online||Up to $5,000$5,000 to $20,000Over $20,000||$14.95$19.950.11% of trade value|
|Over the phone||All||$59.95 or 0.55% of trade value (greater of the two)|
Exchange traded options (ETOs)
|Online||Up to 10,000Above $10,000||$34.950.35% of the trade value|
|Over the phone||All||$49.95 or 0.55% of trade value (greater of the two)|
|ASX Clear transaction fee (equity options)||$0.13 (plus GST) per contract|
|ASX Clear exercise or assignment fee (equity options)||$0.05 (plus GST) per contract|
|Equity trade from option exercise or assignment||$59.95 or 0.11% of trade value (greater of the two)|
|ASX Clear transaction fee (index options)||$0.45 (plus GST) per contract|
|ASX Clear exercise or assignment fee (index options)||$0.35 (plus GST) per contract|
To get email and SMS alerts, you have to buy credit alert bundles of $11, $22 or $33. These bundles have alert credits. One alert credit values at $0.11. An email alert costs one alert credit and an SMS alert costs two alert credits.Back to top
Should I use nabtrade for my next trade?
- Linked high interest account. When you open a nabtrade trading account you also have to open a nabtrade cash account. This ensures that your trades take place seamlessly. The fact that the money in your cash account earns competitive interest is a plus.
- Multiple trading options. You can use your nabtrade account to trade in Australian and international shares, ETOs, ETFs, managed funds, warrants, LICs, hybrid securities, real estate investment trusts, bonds and initial public offerings (IPOs).
- Mobile trading. The nabtrade IRESS Trader app, available on iOS, gives you the ability to trade at anytime, no matter where you are.
- No round-the-clock support. If you wish to get in touch with a nabtrade representative, you can do so only during working hours on weekdays. This broking service provider does not offer 24/7 support.
How do I apply for nabtrade?
You can apply for a nabtrade account as an individual, a joint account holder, a company, an organisation, a trust, a self managed mutual fund or even a minor. To apply as an individual you should be over 18 years of age and an Australian resident.
Click on the ‘Apply Now’ button if you wish to submit an online application. This will take you to the secure nabtrade website. At the beginning on the application, you have to mention if you want to settle trades using a cash account or an NAB margin loan.
Completing the application successfully requires that you provide your complete name, a valid email address, your residential address and your phone number
Need more assistance?
How can I add funds to my nabtrade cash account?
You can pull funds through a linked NAB bank account. You can initiate a funds transfer using an NAB or non-NAB bank account. Another option is to use BPAY.
When do I qualify for dividends?
You qualify for dividends only if you buy shares during or before the cum-dividend period. You also have to hold them until the ex-dividend date.
Do I have to meet any eligibility criteria to trade in international shares through nabtrade?
Yes. You should be a resident of Australia for taxation purposes, you should have Australian residential and mailing addresses, you should provide details from your Australian driver’s licence or passport and you must provide your tax file number or a relevant exemption code.