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Nabtrade Review
We have received troubling feedback suggesting that this company may be involved in fraudulent activities. Reports indicate that investors might face significant financial losses, with strong claims labeling the company as a scam. If you are considering engaging with this company, we strongly advise exercising extreme caution. Given these serious concerns, it may be prudent to seek alternative, reputable options to avoid potential financial harm.
About Nabtrade
NAB, one of Australia’s big four banks, offers Australians investment opportunities via its online investing platform, nabtrade. The bank notes that the platform was built in a post-financial-crisis climate to serve investors “eager to benefit from a world recovering from the Great Recession”. That being said, nabtrade officially became available in 2012 with the trading service provided by WealthHub Securities Limited, a wholly owned subsidiary of NAB.
Pros & Cons
Consistent Fees
Consistent fees across ASX shares, ETFs, and international trades.
Premium Subscription Fees
Premium subscription fees.
Variety of Trade Options
Ability to trade warrants, options, and managed funds.
Limited International Market Access
Limited international market access.
CHESS-Sponsored ASX Trades
CHESS-sponsored ASX trades.
Complicated Tiered Fee Structure
Complicated tiered fee structure.
Key Features
Diverse Trading Needs
The investment landscape is ever-changing, presenting new opportunities that require varied trading capabilities. Selecting the right platform involves evaluating your specific trading needs, such as whether you wish to trade international shares or focus solely on the ASX. Consider what assets you want to trade, such as bonds, cryptocurrencies, or ETFs, and how much you are willing to invest upfront.
Platform Selection Considerations
Decide whether you need access to additional securities beyond standard stocks and ETFs, or if you have specific preferences for international versus domestic markets. This will help you narrow down the platforms that best align with your investment goals and trading style.
Expert Research and Recommendations
To simplify your decision-making process, we have curated a list of the top share trading platforms available in Australia. Our recommendations are based on thorough research conducted by the Australian-based Forbes Advisor team. We have meticulously evaluated each platform according to a set methodology to ensure that our opinions are well-informed and reliable.
Methodology for Evaluation
Our research and evaluations are grounded in a structured methodology that assesses various factors, including trading fees, platform features, ease of use, market access, and customer support. This comprehensive approach ensures that you receive accurate and valuable insights into the best trading platforms for your needs.
Customer Service at Nabtrade
For Nabtrade, you can email us at enquiries@nabtrade.com.au or call 13 13 80.You can access a range of resources to help you: check out the FAQs for answers to common questions, explore the Demo Library for tutorials and demonstrations, and visit the Welcome Centre for an introduction and onboarding information. For necessary documentation, refer to the Forms & Resources section. Additionally, review the Security section to understand how to protect your account.
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