How do I place an international order?

To place an international order, follow these steps:

1. Log in to nabtrade using your User ID and Password. 
2. Click on the Trade button, located in thetop right-hand corner. Alternatively, you can also click on any of the Buy or Sell buttons found throughout the site.
3. Enter the code of the security you’d like to trade. If you don’t know the security code, simply type the company’s name and select the relevant code from the drop-down.
4. Under Select trade type select whether you would like to Buy or Sell.
5. Select from the drop-down which international trading account you’d like to fund your buy order from. You can continue with the order by selecting the international account. 

NOTE: If your international trading account does not appear in the drop-down menu, it means it has not been activated. See related FAQ for more information on How to set up my account for trading international shares. 

        6.  Select whether you would like to trade by Value or Quantity. Quantity is the default amount             type, so if this is your preferred method simply enter the number of shares you’d like to buy or             sell.

        7.  If you’d like to trade by Value, select value and enter in the total dollar amount you’d like to Buy             or Sell. This amount is inclusive of brokerage and fees.

        8. Enter a limit price - the price per unit you are willing to pay. For international securities you                       must set a Limit price as Market orders cannot be accepted.

NOTE: The duration is locked for international orders placed on nabtrade.com.au and is set to Good for Day. This means orders are purged from the market after market close that day if they do not trade. If your order has been purged you will need to resubmit it the following day. 

        9. Once you’ve entered the relevant details into the order pad, click Review Order.

NOTE: When you review your order details you’ll also see an estimate of the exchange rate that will apply for your order. Remember, the final exchange rate will be locked in after your order has executed.

      10. When you’ve reviewed your order, select Place order.

• You’ll then be taken to the confirmation screen.
• To check the progress of your orders, select the Check order status link, or select Open orders from the trading drop-down menu.
• You will receive a confirmation when your order has filled and your holdings page will be updated.
• Confirmations for international orders are generally received by 10am on the next business day.