Long time lurker, first time poster.
"Open a nabtrade account before 30 June 2013 and you'll get 20 free online trades (valid for 90 days)"
Standard trade price of $14.95 (cheaper than eTrade which I currently use at $19.95).
Potential value of 20*$14,95 = $299.
It has realtime price updating. I quite like the display and set up. Seems to display more info on the one screen than ETrade.
Your account could not be established.
An error has occured
An unexpected error has occurred. Please try again or contact nabtrade on 13 13 80 between 8am and 8pm (AEST/AEDT) Monday to Friday.
Anyone know how to do overseas trading? I signed with CMC but it's only local trades…
most brokers allow you to do international trades like commsec and etrade. But often cost a lot, have a look at optionsxpress and interactive brokers. I've used both and prefer interactive brokers, it is cheaper and easier to withdraw funds, but a bit hard to setup
I wouldn't trust CMC, they are in it to make money from you!
Commsec has international trading accounts (& options, CFD's, margin loans etc). Their accounts are free to set up and you only pay for it if you use it. Starts at $65 a trade in USA/ Canada/ UK/ and can trade in 27 countries. I don't even trade myself but the accounts give access to loads of company information from morningstar research for study. there are also some derivative ETF's traded on the ASX which mimic the price of certain companies (google, apple etc…). These can be cheaper to trade than straight international stocks for a similar exposure to the real companies. I'll find some more info on them…
20 free trades will expire 90 days from the date the account is opened.
They sure will…"(valid for 90 days)"
I created account but I still didn't get temp password.
I joined a few months ago. Not tooooo bad, but I still much prefer the research/info/graphs that commsec provide.
Free conditional orders (for stop loss) and free live data With the 20 free trades it gets my vote but as soon as the 90 days expire, I am back with CMC Markets.
It is very easy to chop and change all the time if you have your holdings CHESS sponsored (like me). That means everything is done for you by the broker as far as the transfer, it costs nothing and you don't need to do anything to update your individual holdings.
As far as brokerage rates in general, the American mob Interactive Brokers are without a doubt the cheapest broker on the planet and allow you trade pretty much any stock market in the world (including Australia) from the one single account. Their brokerage for Australian shares is just $6. No one can beat that!
Disadvantages of Interactive Brokers:
Minimum initial balance of US$10,000 (or any other currency equivalent) in order to open an account.
Live data will always cost you extra
Only one free withdrawal per month. After that, you will pay about $15
The platform is very powerful but quite cumbersome and difficult to navigate. If you are a novice trader (or not very computer savvy) then you guaranteed to be overwhelmed.
Being an American broker, they do not offer an option for having your Australian shares CHESS-sponsored. This will make it slightly more complicated to transfer across if you ever wanna switch to another broker.
Commbank has a similar offer - $600 trades when joining - http://www.investing.commsec.com.au/homeoffer
As someone who has been using Nabtrade, I would try the commbank option first! Nabtrade has terrible support and non-existent help options for novice traders - which this system is clearly geared at. Lots of bugs in the system too. I get the impression they launched it in a rush. Hence why the mobile trading option will be "coming soon". Took me 3 weeks just to sign up - they couldnt get it sorted out.
Westpac Online Investing also has a similar offering of $600 free brokerage, which generally equates to 12 trades with max bro of $50 per trade. If you settle to a Westpac CIA, your brokerage is $19.95 or .11%. Very good platform compared to nabtrade.
Wouldnt touch the nabtrade platform, at least for a while yet after they changed from the nab online trading plaform last year. too rushed, too many bugs. Those who were part of the migration will agree with me here…
do they offer live ASX price updates? a lot of the 'big bank' trading systems don't do this unless you pay for subscriptions or 'professional' packages.
3 months worth of trades (considering how rarely i actually make a share transaction) is a good deal but NABtrade would have to beat CMC markets on the remaining features to convince me to jump ship.