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Broker 1
Broker 2
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nabtrade

nabtrade.com.au

Stock BrokerETF BrokerETF
Charles Schwab

schwab.com

Stock BrokerETF BrokerMutual Fund
Decision summary
Overall score
84
91
Trust score
91
100
Cost score
82
92
Platform score
84
94
Withdrawal score
80
89
Best for
Australian residents wanting NAB integration · ASX shares and ETFs · selected US/UK/Hong Kong/Germany international share access
Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…
Watch out
Needs verification
Needs verification
Trust & regulation
Regulators
Australian Securities and Investments Commission (ASIC) / Australian financial services licence regime
Source
SEC; FINRA; SIPC; CFTC; NFA; FDIC
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License numbers
AFSL 230704 (WealthHub Securities Limited); AFSL 230686 (National Australia Bank Limited)
Source
Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514
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Regulated entities
WealthHub Securities Limited ABN 83 089 718 249 AFSL 230704; parent National Australia Bank Limited ABN 12 004 044 937 AFSL 230686
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Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB
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Negative balance protection
Not applicable to the core cash stock/ETF investing service; margin lending is separate and carries loan risk.
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Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.
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Investor compensation
Professional indemnity insurance maintained as required under the Corporations Act; no separate investment compensation scheme identified in sources.
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SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.
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Restricted countries
nabtrade is available to persons accessing financial services and products while in Australia; international trading eligibility is limited to Australian tax residents residing in Australia.
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Not all products, services, or investments are available in all countries; Schwab is not registered outside the United States and products/services may not be registered in a user's jurisdiction.
Source
Costs & account conditions
Minimum deposit
No minimum balance for cash/high-interest accounts; first ASX-listed company trade generally requires a $500 minimum marketable parcel.
Source
$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.
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Spread from
International trades incur a foreign exchange conversion spread of 0.50% to 0.80% of transaction value on the pricing page; FSG says NAB may charge an FX spread up to 3% embedded in exchange rate.
Source
Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.
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Commission
Domestic shares online: AUD 9.95 up to $1,000; AUD 14.95 $1,000.01-$5,000; AUD 19.95 $5,000.01-$20,000; 0.11% over $20,000. Phone: $59.95 or 0.55%, whichever greater.
Source
stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread
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Maximum leverage
Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply.
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Not disclosed as a single broker-level maximum; leverage/margin depends on product, account approval, and regulatory/product requirements.
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Deposit fee
No ongoing account fees or minimum balance for Cash Account / High Interest Account; deposit-specific fees not separately disclosed.
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$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees
Source
Withdrawal fee
No standard EFT withdrawal fee found in reviewed pricing; other account/banking fees may apply for special services such as cheques, statement reissues and certificates.
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No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.
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Inactivity fee
No inactivity fee found in reviewed official pricing / FSG; not expressly disclosed as a standalone fee.
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$0 annual maintenance/inactivity fee for standard brokerage accounts
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Markets, platforms & payments
Tradable assets
Domestic equities, ETFs, warrants, mFunds, ETOs, bonds/interest rate securities; international equities and some ETFs; fixed income, hybrids, LICs, REITs and capital raisings pages are available.
Source
Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.
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Trading platforms
Desktop web platform, mobile app, and IRESS ViewPoint active trader platform
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Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney
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Account types
Individual, Joint, Company and SMSF/Trust accounts
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Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.
Source
Deposit methods
Fund Cash Account by instant transfers from linked NAB accounts, fund transfers, or BPAY from external bank accounts.
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ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.
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Withdrawal methods
Transfers out via EFT only for external accounts; BPAY out and Direct Debit are not supported. Transfers to linked nabtrade/NAB accounts supported.
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Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.
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Withdrawal processing time
Linked NAB/nabtrade transfers can be instantaneous/unlimited; external transfer processing time not fully disclosed on public pages reviewed.
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Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.
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BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.