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NABTrade - 20 Free Trades to Use within 90 Days + 3 Months Wise Owl (New Accounts)

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NABTrade - 20 Free Trades to Use within 90 Days + 3 Months Wise Owl (New Accounts)
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pyramid on 18/01/2020 - 10:50 nabtrade.com.au (1183 clicks)
Last edited 18/01/2020 - 12:24 by 1 other user
20FREE90FREEWISE
Shamelessly copied from previous post, thanks to fowl.

Trades are normally $14.95 (up to $5k), $19.95 (up to $20k) or 0.11% (over $20k).

As well as 20 trades to use within 90 days (of account creation, presuambly) you get 3 months of "wise-owl", described like this last time by the nabtrade rep:
You'll get access to a share trading research package from wise-owl.com, which includes:
* the latest in company research and growth opportunities on the ASX
* real time recommendations straight to your mobile, iPad and computer
* book one-on-one consultations with wise-owl analysts and advisers
* exclusive 'Float-watch' IPO reports every week
* daily reports and webinars, and
* wise-owl model portfolios for the latest insights in emerging companies

Financial Share Trading

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closed Comments

  • abc on 18/01/2020 - 11:09
    +1

    Can you trade straight away after opening account?

    • kimba88 on 19/01/2020 - 23:38

      I just signed up to hopefully start trading straight away. It's asking my to provide a wet signature and send it to a supplied address. It also won't let me purchase any stocks.. So it's probably waiting for me to provide a wet signature with identity to verify myself. Now I just feel like closing the account down and not bothering since I already have a commsec account. The Nabtrade website/app is very clunky and horrible to use from what I've seen so far. I don't trade very often, so I'm not sure I could be bothered verifying my signature now

  • doweyy on 18/01/2020 - 11:17

    Coming up as code invalid when entering in the promotion code box of the application?

  • navjay on 18/01/2020 - 11:21

    Code invalid for me too. Is there a link to the promotion?

  • Korban Dallas on 18/01/2020 - 11:32
    -2

    These NAB promos suck. Very short in duration.

    Never been able to add the codes.

  • navjay on 18/01/2020 - 11:47
    +4

    Guys, the code 20FREE90 works.

    • doweyy on 18/01/2020 - 11:50

      Great, thank you!

    • k336 on 20/01/2020 - 09:40

      Can you confirm if you're getting the free trades after opening the account?

      20FREE90 is an old code (even though its accepted during application), and I've emailed NAB about it a week ago and they said there are no current promotions.

      • doweyy on 21/01/2020 - 15:05

        I made a trade this morning and brokerage showed as $0 (rather than $14.95) on my buy summary so seems like it worked fine.

  • maplesyrupholywater on 18/01/2020 - 11:47
    +3

    Australia is tough for getting a decent brokerage. I use NAB because it's convenient, but to anyone who has used a real online broker before, the NAB website is the worst imaginable. Omg it is so bad, total DOGSHIT. So if you're looking for a nice easy to use interface, NAB is not a good choice. You can't even do market orders in a standalone trade client, just limit orders on their trash website. Anyway, convenient, but 1990s interface that is terrible.

    • dcep on 18/01/2020 - 12:23

      is selfwealth another brokerage ?

      • thetrain on 18/01/2020 - 13:12
        +2

        yes, $9.50 per trade

        I use selfwealth

        • gtr80y on 18/01/2020 - 14:33
          +2

          I use self wealth and commsec. Commsec is so better to use.
          Also the benefit of commsec over selfwealth and NABTrade is you can settle all your buy orders T+2. This to me is a big plus as I don't have to leave idle cash in the account in case I want to buy a stock or wait 2 days for funds to clear to buy a stock when the price may have already moved against me.

          • thetrain on 18/01/2020 - 15:25

            @gtr80y: absolutely agree, I have both CommSec and SelfWealth.

            My trades are primarily through SelfWealth due to cost but I usually have both open when making trades.

        • Rialonda on 19/01/2020 - 08:11
          +1

          I might add CMC markets. If you trade in rough 10k increments, cmc equals roughly the same as self wealth per trade, and when you become a frequent trader the live info dashboard you can construct becomes great.

        • atomicpnut on 21/01/2020 - 11:48

          After seeing the Fee's of selfwealth, Commsec / NAB etc for a new entrant into the stock market their Fee's are unacceptable IMHO.

          For a $1000 trade I'd rather use something Like Etoro with a 0.11% spread fee then a $9.95(0.95%) with self wealth or $29.95(2.95%) with Commsec, their exchange rates to USD to purchase their stocks are also more competitive which is quite frustrating that an App has a better rate then a multi-billion dollar bank.

          • thetrain on 21/01/2020 - 21:06

            @atomicpnut: Is Etoro CHESS sponsored though?

            I'm always happy to try a new broker if they the same standard

            • atomicpnut on 22/01/2020 - 18:17

              @thetrain: I dont believe they are CHESS sponsored as 99% of users are using their CFD leverage features, with that said however they have inlcuded a no fee base stock price unleveraged options to all of their trades to reduce your risk / expenses and you can also do partial shares, they also pass on any dividends you would be entitled to as "adjustments".

              If you do want to give it a go though I can PM you my referral link so we both get a lil bonus :)

              • thetrain on 22/01/2020 - 22:59

                @atomicpnut: thanks for the offer

                I'm a bit more conservative though (no CFDs for me) and that includes only using CHESS sponsored brokers

  • bennybaubles on 18/01/2020 - 13:12

    Why would anyone pay for wise owl’s financial advice after the banking royal commission?

    • amorn on 18/01/2020 - 19:38

      What was the matter? Thanks

    • ihgjuk on 19/01/2020 - 10:59

      That article has literally nothing to do with wise owl.

      • bennybaubles on 19/01/2020 - 17:17

        Oh ok I thought it was a nab financial advice app but I now see it’s a seperate company.

  • kimba88 on 19/01/2020 - 18:09

    I'm very new to trading and still learning. I currently use commsec and pay between $9.95 and $19.95 for brokerage. Is it worth signing up with nabtrade just to get the free trades for now? Or is it then too difficult to track your portfolio if you have them spread between commsec and nabtrade? I'm a little confused with it all and would love some advice. Thanks

    • ribbonsofnight on 19/01/2020 - 23:07

      You can transfer the shares over in 90 days if you find two brokers difficult

      • kimba88 on 19/01/2020 - 23:14

        Does it usually cost? Do you have to wait a minimum of 90 days to do it or do you have to do it within the 90 days because of the promo? Sorry for the noob question.

        • ribbonsofnight on 21/01/2020 - 00:43

          at any time you can and it doesn't cost anything

  • No ONE on 19/01/2020 - 19:50
    +1

    I currently have Selfwealth. Suppose I signup to NabTrade, can we transfer our shares to Selfwealth later without any fees etc.?

    • HeavenlyHammocks on 19/01/2020 - 22:32

      I expect yes. Selfwealth wouldn't charge.

    • kimba88 on 19/01/2020 - 22:43

      I'm also wondering the same from nabtrade to commsec. I can't seem to find anything that lists there are fees. Can anyone confirm?

      • chanhoz on 20/01/2020 - 09:25

        transfered from nab to selfwealth before, can confirm it doesn't cost any fee

  • huuuuugo on 20/01/2020 - 13:09

    Using Interactive Brokers here. Slow and sluggish website with some complex terms I do not fully understand, but it's very cheap.

    • aleayr on 21/01/2020 - 13:03
      +1

      It's not CHESS sponsored though, so I've never been tempted to use it.

      Peace of mind for an extra few dollars that if a broker goes belly up, my shares and definitively mine, and I can transfer them easily to another broker.

  • sarge_017 on 22/01/2020 - 16:02

    Code doesn't work anymore =(

  • kimba88 on 22/01/2020 - 22:42

    So I just checked.. When I signed up, it said I would get the free trades.. Now I've tried making a purchase in the app it wants to charge me $14.95. Anyone else?

    • supervigilante on 23/01/2020 - 16:40

      Same here. Not sure if it's easy to get a refund if that happens.

    • supervigilante on 24/01/2020 - 15:35
      +1

      Ok here's my update. I called NABtrade to verify that I have the 20 free trades within 90 days using the coupon code. They said they didn't have any offer running at the moment, but is happy to check with the manager. After that I received an email saying that they are happy to honour the 20FREE90 offer for me.

      I went on to NABtrade to buy some shares, and it STILL shows that I have $14.95 brokerage fee. I took the chance to buy the shares anyway (knowing I have the email as my evidence), and then see that in my portfolio that I wasn't charged with any fee.

      I don't suggest you to ignore the fee, because they could still say there's no special offer running at the moment and not honouring it. I'd recommend you to get a written confirmation from NAB before trading.

      • kimba88 on 24/01/2020 - 17:30

        Just did the same and can confirm it is applied to my account. I have also got them to email me saying when the 20 free trades expire. Thanks for the tip

  • astroe on 23/01/2020 - 00:06

    I don't think it's working anymore…

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