Share Trading comparison
nabtrade vs SelfWealth
nabtrade and SelfWealth both charge around $9.50 for an ASX trade, but the real difference is what you get for your money. nabtrade is a full-service broker backed by NAB, offering options, bonds, managed funds and international markets beyond the US. SelfWealth keeps it simpler and cheaper — no platform fees, a tighter FX spread, and a USD account for US stocks.
Choose
nabtrade
if…
- ›You want to trade options, bonds or managed funds — SelfWealth doesn't offer any of them
- ›You need access to UK, German or Hong Kong markets, not just ASX and US
- ›You value free real-time market data and research reports included in the brokerage
- ›You want a bank-backed broker with phone trading (albeit at a $59.95 surcharge) and longer support hours
- ›You need a CGT report for tax time — SelfWealth doesn't provide one
Choose
SelfWealth
if…
- ›You trade US stocks regularly and want a USD account with a 0.6% FX spread (nabtrade charges 0.8% and doesn't hold USD)
- ›You want to automate your investing with a DCA/auto-invest feature — nabtrade doesn't offer this
- ›You dislike monthly fees for market data — SelfWealth gives you ASX data for free
- ›You want to transfer out cheaper if you leave (SelfWealth charges $27.50 off-market transfer vs nabtrade's $55)
- ›You prefer authenticator-app 2FA over SMS+PIN
Where they differ
| Fact | nabtrade | SelfWealth |
|---|---|---|
| FX spread (AUD/USD) | 0.8% | 0.6% |
| USD account | No | Yes |
| Market data fees | $19.95/month | $0/month |
| Off-market transfer fee | $55 | $27.50 |
| Auto-invest / DCA | Not offered | Yes (multiple levels) |
Verdict
Choose nabtrade for breadth (options, bonds, global markets); choose SelfWealth for cheaper US trading and automation.
Cost calculator
What would nabtrade vs SelfWealth actually cost you?
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | nabtrade | SelfWealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | mixed |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | Yes |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | United Kingdom (LSE), Germany (Xetra), Hong Kong (HKEx) | HK |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | Yes | No |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | Yes | No |
| IPO access | Yes | — |
| costs hidden | ||
| FX spread (AUD/USD) | 80% | 60% |
| FX spread (other currencies) | 80% | — |
| Holds USD account | No | Yes |
| Market data fees | $19.95/month | $0/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $59.95 | — |
| costs visible | ||
| ASX brokerage minimum | $9.95 | $9.5 |
| ASX brokerage percentage | 11% | — |
| ASX brokerage threshold | $20,000 | — |
| ASX free trade conditions | — | Selfwealth Premium subscribers ($29/month or $240/year) receive 10 complimentary trades annually; otherwise no free-trade conditions. |
| US brokerage minimum | US$9.95 | US$9.5 |
| US brokerage percentage | 11% | — |
| Monthly platform fee | — | $0/month |
| Annual platform fee | — | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $55 | $27.5 |
| identity and trust | ||
| Legal entity name | WealthHub Securities Limited | SelfWealth Pty Ltd |
| AFSL number | 230,704 | 421,789 |
| Year founded | 2,012 | 2,012 |
| Parent / ownership | National Australia Bank Limited (ASX: NAB) | Syfe (Svava Pte Ltd, Singapore) |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | Direct credit / EFT, BPAY, Internal transfer from linked NAB account | OSKO, BPAY, EFT/bank transfer |
| Settlement period | ASX T+2; US T+1; UK/Germany/HK T+2 | T+2 |
| Withdrawal time | Instant to linked NAB accounts; 1 business day to other Australian banks | 1-2 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | Yes | No |
| Free research reports | Yes | No |
| 2FA support | SMS + PIN | authenticator app |
| Customer support channels | Phone, Email, Secure messaging (via NAB Internet Banking) | live chat, email, phone |
| Support hours (AU time) | Mon-Fri 8am-6pm AEST/AEDT (contact centre typically 9am-5pm) | 10am-4pm AET, Monday-Friday (closed public holidays) |
| Education content | structured | basic articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | No | — |
| CGT calculator / report | Yes | No |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | No | Yes |
| Auto-invest sophistication | none | multiple |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | Yes |