BrokAIr Reviews

NAB Trade Review

"NAB Trade has revolutionized the online brokerage industry, offering users access to a wide variety of investments and features like no other. But is this too good to be true?"

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Overview of NAB Trade

About NAB Trade

NAB Trade is an online trading platform owned by the National Australia Bank, one of the largest banks in Australia. Founded in 2009, NAB Trade provides online trading services to individuals and institutional investors. The platform allows users to trade stocks, options, futures and ETFs with a range of tools and features. It also provides access to research, charting and news.

Top Pros and Cons

Pros: Cons:

Public Opinion of NAB Trade

Public opinion of NAB Trade is generally positive. Users appreciate the competitive pricing and access to research tools and news. The mobile trading app is rated highly by users, as is the 24/7 customer service. However, some users have reported that the platform can be difficult to use for beginners and that there is no research reports available. Additionally, there is no dedicated account manager for high-volume traders.

News & Events Around NAB Trade

In 2016, NAB Trade launched its mobile trading app for iOS and Android devices. In 2017, the platform was awarded the ‘Best Online Broker’ award at the Money Magazine Awards. In 2018, NAB Trade partnered with the Australian Securities Exchange (ASX) to offer free real-time data to customers. The same year, it was announced that NAB Trade would cease operations in New Zealand due to regulatory changes. Most recently, in 2020, NAB Trade was recognised as an approved participant of the Australian Financial Complaints Authority (AFCA).