How do I set up my account for trading international shares?
nabtrade has two types of international trading accounts:
- International Trading Account (AUD Funded); and
- Multi Currency Facility Settlement Service (MCFSS).
The International Trading Account (AUD Funded) allows you to buy international equities by converting Australian Dollars from your nabtrade Cash Account or margin loan into the required currency. When you sell an international equity the settlement proceeds will be deposited into your nabtrade Cash Account in Australian Dollars.
The MCFSS account allows you to hold and settle trades in the local currency of the market you're trading in (USD, GBP, EUR or HKD). The foreign currency wallet allows you to decide how and when you convert foreign currency.
See Multi Currency Facility for more information about activating an MCFSS account.
Tax File Number
Please ensure your Tax File Number (TFN) is held by nabtrade for you and any other account holders, as this is a requirement for international trading. You can check this by going to Settings > Profile > Citizenship and tax residency. If your TFN is not held, please enter it online by clicking Edit.
For security and privacy purposes, please do not email us your TFN.
As well as a domestic trading account, all new nabtrade profiles will be established with an International Trading Account (AUD Funded).
Before we can activate the international account, we need to verify some information from you to meet our global tax obligations. This account will remain inactive until you have provided us with the necessary verification documentation.
Individual and Joint accounts
To activate your international account
- Log in to nabtrade using your User ID and Password.
- Navigate to Settings > Service notifications and actions.
- Click on the Outstanding actions tab and complete the outstanding action
Helpful hint
- Should the account have more than one applicant, all other applicants will need to log into their own nabtrade account, go to Settings > Service messages and actions and complete the outstanding actions.
Company, Organisation, SMSF and Trust accounts
To activate international share trading, please provide:
- the TFN or ABN for the account; and
- the completed US Withholding Tax Treaty Statement. This form must be completed by the primary account holder. You can find this form, and other important information, on our Global Tax Information page. The form and details can be emailed back to international@nabtrade.com.au.
To open/and or activate an International Trading Account (AUD Funded):
- Log in to nabtrade using your User ID and Password.
- Navigate to Products and select International Trading Account (AUD Funded).
- Follow the prompts to open the account.
Individual and Joint accounts
To activate your international account, you will need to provide:
- A copy of your Australian Passport or Driver's Licence. To do this go to Settings > Service notifications and actions. Click on the Outstanding actions tab and complete the outstanding action.
- For joint accounts, all account holders are required to log into their nabtrade account and complete the verification process.
Company, Organisation, SMSF and Trust accounts
To activate international share trading, please provide:
- the TFN or ABN for the account; and
- the completed US Withholding Tax Treaty Statement. This form must be completed by the primary account holder. You can find this form, and other important information, on our Global Tax Information page. The form and details can be emailed back to international@nabtrade.com.au.