Netwealth share trading app review: Fees and features
Trade ASX stocks, international stocks, ETFs, options and warrants from your mobile.
Standard brokerage fee
ASX, NASDAQ, NYSE, London Stock Exchange, Euronext, Hong Kong Stock Exchange, Tokyo Stock Exchange
|Type of broker||
Exchange traded options
Exchange traded funds
Company issued options
London Stock Exchange
Hong Kong Stock Exchange
Tokyo Stock Exchange
Netwealth is a premium service which is most suited for those who favour research over cheap brokerage.
While it's not the cheapest broker on the market, it more than makes up for it by giving investors a raft of products.
It is also among the better platform for investors who favour research and education with Netwealth ticking a lot of boxes in this area.
Having received mixed reviews from customers, it's certainly a provider that splits investor sentiment.
- Sell only service. This enables you to sell your shares without having to open an account.
- Trading pro. This software application is designed to let you follow all the markets in real time.
- Margin loans. If you are eligible, you can use margin loans from Netwealth to further your investment opportunities.
- Premium research. This service gives you access to investment related articles, and provides recommendations to the investor.
Not so great for
- Company focus. While there is independent trading through Netwealth, its main focus is on superannuation funds.
What is Netwealth
As part of the European Heine Brothers Group, Netwealth has over 150 years of experience in international trade and finance.
Since first entering the Australian market in 1945, it has grown to become a major trading house for Australians. It specialises in commodities and bulk raw materials, as they are bought and sold around the world.
Over the course of 5 decades, Netwealth expanded into financial investment and then naturally into the funds management industry during the early 1980's.
Netwealth's long standing experience in making money grow makes it a contender for both managing superannuation and as a trade facilitator.
By 2008 it expanded to include Netwealth Share Trading.
Today it's a global broker offering investors both forex and share trading
What can I trade with Netwealth?
With Netwealth, you are afforded a number of trading options that will help at increasing your wealth. This includes:
Through its wrap services and superannuation products a trader has access to a range of Australian Exchange (ASX) listed securities. This includes company shares, ETFs and certain warrants and IPOs. Pricing updates are provided to you every 20 minutes and you are given timely updates on the market.
Through certain types of accounts offered by Netwealth you can invest in 10 different international exchanges. These types of trades are executed directly through your broker and settled from your nominated account.
Although considered a higher risk investment choice, the Netwealth trading platform does make option trading available through your online account.
Although traded on ASX, warrants enable you to further diversify your portfolio.
What are the advantages of Netwealth share trading?
You are able to access live ASX data and global stocks right from the Netwealth website.
The site’s “Morning Business Roundup” provides you with relevant and timely news on what is happening in the trade markets both domestically and abroad.
In addition to ASX and the 2 United States exchanges – NYSE and NASDAQ – there are 8 different markets you can trade in. This includes, the LSE (UK), TSX (Canada), Euronext Paris (France), Deutsche Boerse (Germany), Euronext Amsterdam (Netherlands), TSE (Japan), KLCI (Malaysia) and HKE (Hong Kong).
If you qualify you can further your trading opportunities with easy access to funds through Netwealth’s margin lending service.Back to top
Here are the different service tiers you can expect with Netwealth
|Wrap services||This service allows you to make decisions on how and where to invest your money, while Netwealth handles all of the work.· Regular communication on all of your investments including an annual tax statement||$20 per transaction regardless of the trade size.|
|Global specialist series||Gives you access to high performing managed funds to help diversify your portfolio.·|
|Investor rewards||Netwealth account holders get a choice of over 40 managed funds.||There is no charge for this program.|
|Managed account||Get access to a range of investment models managed by investment professionals:|
What support and information is available with Netwealth?
Netwealth offers support in 3 main ways:
- Online enquiries
You can also find up to the minute information and rates for ASX investments and foreign markets through your online portal with Netwealth.
They also have a range of investment, product research and modelling tools to help you make informed decisions about the types of shares and other products you are considering investing in.
What are the fees associated when using Netwealth?
Fees and charges aren't available to non-members. Before you initiate your trade, Netwealth will disclose all the fees and charges applicable and will require your confirmation.Back to top
How to apply with Netwealth
In order to apply with Netwealth you will first need to create an account. Once confirmed, you will be asked for your personal information as well as details regarding your superannuation funds. Once completed you can set up direct deposit of any future funds as well as rollover existing supers into your Netwealth account.