Nabtrade Review

Category: Reviews | Author: Trading Brokers | Date: September 20, 2023

Have you ever wondered if Nabtrade is the right trading platform for you? Nabtrade is an online trading service that was launched in 2012 by NAB, one of Australia’s largest banks. It offers a variety of investment options, such as ASX shares, ETFs, warrants, options, and managed funds, as well as access to some international markets. It also claims to provide live pricing, research tools, market reports, and guidance for different levels of trading experience. However, is Nabtrade really as good as it sounds? In this article, we will delve into crucial aspects that any prospective investor or trader should consider when evaluating a trading platform. From the regulatory framework that governs its operations to the tools and educational resources it offers, we will leave no stone unturned in our quest to provide you with a comprehensive Nabtrade review.

Pros & Cons

  • Nabtrade charges consistent fees across ASX shares, ETFs, and international trades
  • Nabtrade offers access to trade a wide range of assets on both domestic and international markets
  • Ability to trade warrants, options, and managed funds
  • CHESS-sponsored ASX trades
  • Nabtrade has premium offerings that incur subscription fees, which may not be suitable for all investors
  • While Nabtrade offers access to international markets, it has limited access compared to other trading platforms
  • Nabtrade has a more complicated and tiered fee structure for each trade, which may confuse those looking to merely dip their toes into the investment world

Summary

Nabtrade Review

Nabtrade Review

Nabtrade is an online trading platform that was launched in 2012 by NAB, one of Australia’s largest banks. It allows users to trade a range of investment products, such as domestic and international shares, ETFs, warrants, options, and managed funds. It also provides live pricing, research tools, market reports, and guidance for different levels of trading experience.

It is regulated by the Australian Securities and Investments Commission (ASIC) and is a member of the ASX Group. Nabtrade has a competitive fee structure, starting from $9.95 per trade for domestic shares and $14.95 per trade for international shares (plus FX). The platform also offers other services that can suit your online investing needs, such as NAB Margin Lending and SMSF establishment and management.

It aims to provide a simple, convenient, and low-cost trading platform for Australian investors who want to diversify their portfolios and access global markets. Whether you are a beginner or an experienced investor, nabtrade can help you achieve your financial goals with smarter, simpler online investing. You can join nabtrade online by completing an application form and selecting from an Individual, Joint, Company or SMSF/Trust account.

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Regulation

Nabtrade is regulated by the Australian Securities and Investments Commission (ASIC), which is the national regulator for the financial services industry in Australia. ASIC oversees the compliance of Nabtrade with the Corporations Act 2001, the Australian Securities and Investments Commission Act 2001, and other relevant laws and regulations.

ASIC also enforces consumer protection and market integrity rules for Nabtrade and other financial service providers. Nabtrade is a member of the ASX Group, which operates the Australian Securities Exchange (ASX), the leading stock exchange in Australia. As a member of the ASX Group, Nabtrade is subject to the ASX Operating Rules, which set out the standards and obligations for trading, clearing, settlement, and supervision of ASX markets. Nabtrade is also a participant of the ASX Clearing Corporation Limited (ASX Clear) and the ASX Settlement Corporation Limited (ASX Settlement), which provide central counterparty clearing and settlement services for ASX markets.

Nabtrade is required to comply with the rules and procedures of ASX Clear and ASX Settlement, as well as the Financial Stability Standards issued by the Reserve Bank of Australia. Additionally, Nabtrade is a member of the Financial Services Council (FSC), which is the peak industry body for the financial services sector in Australia. The FSC sets standards and codes of conduct for its members, as well as advocates for policies that promote trust and confidence in the industry. By being regulated by ASIC and being a member of the ASX Group and the FSC, Nabtrade aims to provide a secure trading platform for Australian investors who want to access domestic and international markets. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Nabtrade is a comprehensive online investing platform that caters to different types of investors, from beginners to professionals. Nabtrade offers a wide range of products and services, as well as a user-friendly and feature-rich platform that helps users make smart investment decisions. Nabtrade offers four different platforms for its users to trade and invest online. These are:

  • Nabtrade online: This is the main platform that provides access to a range of investment products, such as domestic and international shares, ETFs, warrants, options, and managed funds. It also features live pricing, research tools, market reports, and guidance for different levels of trading experience. Users can view their portfolio performance, access company research, create watchlists and alerts, and place orders with various types and conditions. Nabtrade online also supports conditional orders, which allow users to set triggers for buying or selling securities based on predefined criteria.
    Nabtrade Platforms

    Nabtrade Platforms

  • Nabtrade mobile app: This is the app that allows users to check their positions and trade on the go with their iOS or Android devices. It also provides access to company research, watchlists, alerts, and portfolio performance. Users can trade domestic and international shares, ETFs, warrants, and options with the app. They can also view live market data, news feeds, and charts. The app has a fingerprint login feature for enhanced security and convenience.
  • Nabtrade IRESS Trader/ViewPoint: This is the active trader platform that features sophisticated tools and the ability to fully customise the user’s experience. It allows users to trade domestic and international securities, ETFs, and warrants. It also supports advanced charting, technical analysis, market depth, and news feeds1. Users can create multiple workspaces with different layouts, widgets, and indicators. They can also access dynamic data streaming, real-time quotes, and order management tools. Nabtrade IRESS Trader/ViewPoint is available for a monthly subscription fee that varies depending on the user’s trading activity.
  • Nabtrade High-Interest Account: This is the cash account that pays a variable 4.25% p.a. on cash balances up to $1m. It also allows users to transfer funds between their NAB accounts and nabtrade accounts instantly and securely. Users can use this account as a settlement account for their trades or as a savings account for their cash. The account has no monthly fees or minimum balance requirements. Users can also access NAB’s network of ATMs and branches with a linked NAB Visa Debit card.

Education

Nabtrade is an online trading platform that not only provides access to a range of investment products, but also offers a variety of educational resources for its users to learn about investing and trading. Nabtrade believes that education is an essential part of becoming a successful investor, and that’s why it has created nabtrade Academy, an online learning platform that delivers interactive courses on different topics related to the market, investment products, analysis, and strategies. Nabtrade Academy is designed to allow users to learn at their own pace, save their progress, and test their knowledge with assessments and completion certificates for each course. The courses are suitable for different levels of experience, from beginner to advanced, and include a mix of text and video content, with embedded interactivity and multimedia formats. Nabtrade Academy is free for nabtrade clients and typically valued at over $1,200 per course.

In addition to nabtrade Academy, nabtrade also provides an education centre on its website, where users can find a range of articles, videos, podcasts, and webinars on various aspects of the market, investment strategy, portfolio management, and financial planning. The content is provided by experts from nabtrade, NAB, and external partners. Users can access the education centre through the nabtrade online platform or the mobile app. The education centre covers topics such as the basics of the Australian stock market, how to create a financial plan, how to build a resilient portfolio, how to use fundamental analysis and technical analysis, and more. Furthermore, nabtrade also provides insights on its website, where users can get market news, analysis, commentary, and research from nabtrade’s team and external sources. The insights section covers topics such as economic outlook, sector trends, company updates, and investment ideas. Users can also subscribe to nabtrade’s newsletters and podcasts to get regular updates on the market and investing. Nabtrade’s education resources are designed to help users improve their knowledge and skills in investing and trading. They are free for nabtrade clients and can be accessed through the nabtrade online platform or the mobile app.

Markets

Nabtrade is an online trading platform that gives its users access to a variety of markets, both domestic and international. The Market also enables you to trade in the US, UK, Hong Kong and Germany markets, giving you access to over 10,000 securities across different instruments. Nabtrade Market offers competitive pricing and products for online trading, such as low brokerage fees, foreign exchange rates and currency conversion options. You can trade the following investment products through nabtrade:

  • Domestic shares: Users can trade shares listed on the Australian Securities Exchange (ASX), as well as exchange traded funds (ETFs), warrants, and options. ETFs are funds that track the performance of an index, a sector, or a commodity, and can offer diversification and lower costs. Warrants are securities that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price and time. Options are contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price and time. Users can also access live pricing, market depth, company research, and dividend information for ASX securities. For example, users can see the bid and ask prices, the volume and value of trades, the financial statements and analyst ratings of companies, and the dividend history and yield of stocks.
  • International shares: Users can trade shares listed on 11 major international markets, including the US, UK, Canada, Hong Kong, Japan, Germany, France, Singapore, New Zealand, Ireland, and the Netherlands. Users can also access live pricing, market news, company research, and currency conversion for international securities. For example, users can see the current exchange rates, the latest headlines and events affecting the global markets, the financial statements and analyst ratings of companies, and the currency conversion fees and taxes for each trade.
  • Managed funds: Users can invest in over 550 managed funds from leading fund managers across various asset classes, such as Australian equities, global equities, fixed income, property, and alternatives. Managed funds are pooled investments that are professionally managed by fund managers who make investment decisions on behalf of investors. Users can also access fund profiles, performance data, ratings, and fees for managed funds. For example, users can see the fund objectives, strategies, holdings, risks, returns, benchmarks, ratings from Morningstar or Lonsec, management fees and other costs for each fund.

Accounts

Nabtrade is an online trading platform that offers a range of investment options for Australian investors. However, before users can start trading and investing with nabtrade, they need to open an account that suits their needs and preferences. Nabtrade offers four types of accounts for its users to trade and invest online. These are individual accounts, joint accounts, SMSF/trust accounts, and company accounts. Each type of account has different features, benefits, and pricing that users need to consider before opening one. These are:

  • Individual account: This is the most common type of account that allows users to trade in their own name. Users can open an individual account with their personal details, such as name, address, date of birth, and tax file number. Users can also link their NAB bank accounts and nabtrade High-Interest Account to their individual accounts for easy fund transfers and settlements. An individual account is suitable for users who want to trade for themselves and have full control over their investments. The pricing for an individual account is based on a tiered fee structure, which means that the more users trade, the lower the brokerage fee they pay. The brokerage fees for domestic shares start from $9.95 per trade for up to $20,000 in trade value and go up to $19.95 per trade for over $100,000 in trade value. The brokerage fees for international shares are $14.95 per trade (plus FX) for up to $10,000 in trade value and go up to $29.95 per trade (plus FX) for over $25,000 in trade value.
  • Joint account: This is a type of account that allows users to trade with another person, such as a spouse, partner, or friend. Users can open a joint account with the personal details of both parties and choose between joint tenants or tenants in common as the ownership structure. Joint tenants mean that both parties own the entire account equally and have the right of survivorship, which means that if one party dies, the other party inherits the whole account. Tenants in common means that both parties own a specific share of the account and can nominate a beneficiary for their share, which means that if one party dies, their share goes to their beneficiary. Users can also link their NAB bank accounts and nabtrade High-Interest Account to their joint account for easy fund transfers and settlements. A joint account is suitable for users who want to trade with someone else and share the benefits and risks of investing. The pricing for a joint account is the same as an individual account, based on a tiered fee structure.
  • SMSF/trust account: This is a type of account that allows users to trade on behalf of a self-managed super fund (SMSF) or a trust. Users can open an SMSF/trust account with the details of the SMSF or trust, such as name, address, ABN, and tax file number. Users can also link their NAB bank accounts and nabtrade High-Interest Accounts to their SMSF/trust account for easy fund transfers and settlements. An SMSF/trust account is suitable for users who want to trade for their retirement savings or for a specific purpose or beneficiary. The pricing for an SMSF/trust account is based on a tiered fee structure, which means that the more users trade, the lower the brokerage fee they pay. The brokerage fees for domestic shares start from $14.95 per trade for up to $20,000 in trade value and go up to $24.95 per trade for over $100,000 in trade value. The brokerage fees for international shares are $19.95 per trade (plus FX) for up to $10,000 in trade value and go up to $34.95 per trade (plus FX) for over $25,000 in trade value.
  • Company account: This is a type of account that allows users to trade on behalf of a company. Users can open a company account with the details of the company, such as name, address, ACN, and tax file number. Users can also link their NAB bank accounts and nabtrade High-Interest Account to their company accounts for easy fund transfers and settlements. A company account is suitable for users who want to trade for their business or organization. The pricing for a company account is based on a tiered fee structure, which means that the more users trade, the lower the brokerage fee they pay. The brokerage fees for domestic shares start from $19.95 per trade for up to $20,000 in trade value, and go up to $29.95 per trade for over $100,000 in trade value. The brokerage fees for international shares are $24.95 per trade (plus FX) for up to $10,000 in trade value, and go up to $39.95 per trade (plus FX) for over $25,000 in trade value.

Funding

Nabtrade is an online trading platform that offers a range of investment options for Australian investors. However, before users can start trading and investing with nabtrade, they need to fund their accounts with sufficient cash. Nabtrade provides various options for its users to fund their trading and investing activities. These are:

  • Transfer funds between NAB bank accounts and nabtrade accounts: This is the fastest and easiest way to fund a nabtrade account. Users can transfer funds between their NAB bank accounts and nabtrade accounts instantly and securely through the nabtrade online platform or the mobile app. Users can also set up automatic transfers to ensure that they always have enough cash in their nabtrade account. This option is free of charge and has no limits on the amount or frequency of transfers. For example, users can transfer $10,000 from their NAB savings account to their nabtrade account in seconds, and use it to buy shares on the same day.
  • BPAY: This is another way to fund a nabtrade account using a third-party payment service. Users can use BPAY to deposit funds into their nabtrade account from any Australian bank account that supports BPAY. Users need to use the BPAY biller code and customer reference number provided by nabtrade to make a payment. This option may take up to two business days to process and clear. This option is free of charge and has a limit of $100,000 per day per account. For example, users can use BPAY to deposit $50,000 from their Commonwealth Bank account to their nabtrade account, and use it to buy shares in two business days.
  • Direct debit: This is another way to fund a nabtrade account using a third-party payment service. Users can use direct debit to deposit funds into their nabtrade account from any Australian bank account that supports direct debit. Users need to set up a direct debit request with nabtrade and provide their bank account details. This option may take up to three business days to process and clear. This option is free of charge and has a limit of $20,000 per day per account. For example, users can use direct debit to deposit $15,000 from their ANZ account to their nabtrade account, and use it to buy shares in three business days.
  • Cheque: This is another way to fund a nabtrade account using a traditional payment method. Users can use cheque to deposit funds into their nabtrade account from any Australian bank account that supports cheque. Users need to write a cheque payable to “WealthHub Securities Limited” and include their nabtrade account number on the back of the cheque. Users need to mail the cheque to nabtrade’s address or drop it off at any NAB branch. This option may take up to five business days to process and clear. This option may incur fees and charges depending on the type and amount of cheque. For example, users can use cheque to deposit $25,000 from their Westpac account to their nabtrade account, but they may have to pay a $1 fee for each cheque over $15,000.

Conclusion

In summary, Nabtrade, backed by one of Australia’s largest banks, NAB, offers a comprehensive online trading platform with a variety of investment options, including domestic and international shares, ETFs, warrants, options, and managed funds. It provides robust regulatory oversight by ASIC and membership in the ASX Group, ensuring security for users. With a user-friendly platform and educational resources like nabtrade Academy, it caters to investors of all levels. While the pricing structure is competitive and accommodating, it’s essential to evaluate individual preferences and trading goals when choosing between account types. However, it’s important to keep in mind that there are other trading platforms with longer track records and distinct advantages that may align better with your specific trading goals and preferences. As such, we encourage you to consider these alternatives by exploring our comprehensive trading broker reviews.

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Nabtrade is an online trading platform that offers a range of investment options for Australian investors. It allows users to trade domestic and international shares, ETFs, warrants, options, and managed funds. It also features live pricing, research tools, market reports, and guidance for different levels of trading experience. Nabtrade is regulated by ASIC and is a member of the ASX Group and the FSC, which provide security and reliability for its users.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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