Navexa is an investment analytics and tracking platform for the Australian market to track shares, crypto and managed funds for wealth creation and tax purposes. So what are the features, pros and cons of Navexa?
The Good
- Designed to meet a need for Australian investors
- See all your investments in one place and track your portfolio easily
- It’s free to upload documents to track performance, although manually uploading can be time-consuming
- One site to track both shares and crypto exchange accounts
- Your Navexa fees may be a tax deduction
- Navexa is adding more brokerages all the time, such as recently adding the Pearler app
The Bad
- Designed for the Australian market, so major international brokers are not covered
- The app is pricey, considering there are free options out there, but cheaper than Sharesight
- You have to pay for access to the best features
Verdict: Great online reviews, free version would suit many investors, but paid versions can get pricey. Definitely worth taking the FREE trial.
Introduction
Navexa is a tracking and analytics platform available as a website and app that allows tracking of shares, crypto and managed funds for those investing in the Australian market. While there are similar platforms in the US, Navexa specifically caters to the Australian market and integrates with a number of popular Australian brokerage sites for both shares and crypto. Navexa gets regular updates from stock exchanges such as ASX, NASDAQ and NYSE. However, other international exchanges are not included.
As well as tracking, Navexa analytics can also provide an annualised view of your investment performance by factoring in things like trading fees, dividend disbursements and currency fluctuations.
Sharesight is a similar tracking and reporting platform in Australia, and I have a full Sharesight review too.
CaptainFI is not a Financial Advisor and the information below is factual review information, not financial advice. This website is reader-supported, which means we may be paid by advertising on the site, or when you visit links to partner or featured sites. For more information please read my Privacy Policy, Terms of Use, and Financial Disclaimer.
Navexa is an investment portfolio tracking app, that uses information from exchanges such as the ASX, NASDAQ and NYSE. Navexa provides tools for analytics and charts to provide portfolio tracking in almost real-time for portfolio contributions, dividends and capital gains. Navexa can also track most shares, ETFs, crypto, mutual funds, cash accounts and managed portfolios for an annualised view of performance.
Navexa factors in investment income, trading fees, time invested and tax such as franking credits, to give you an accurate picture of your asset allocation and your investment portfolio, beyond just the gains you generate.
How does it work?
Navexa gives shareholders insight into their portfolio performance.
Like Sharesight, Navexa integrates with a number of Australian and US stock exchanges and Australian brokerage platforms for shares and cyrpto to give nearly real-time reporting on the portfolio’s performance when it comes to buy, sell, gains and dividend tracking. The stock exchange data is updated regularly, taking into account the exchange’s standard delay of 20 minutes.
By linking Navexa to your share or crypto platform, you can upload your transaction history data to Navexa in order to access their tracking and analytics functionality. If your investment platform is not supported by Navexa, you can upload your data manually. This allows Navexa to track your trading fees and share gains or losses.
Navexa can also report on dividends, whether they are paid to you, or reinvested into your share portfolio. Navexa also factors your dividend income into your personal income or your overall portfolio performance. This makes it easy to report on your dividends at tax time. You can visit the ATO for more info on how dividends are taxed.
Navexa was founded in 2017 by Navarre Trousselot as a fintech startup after he was unable to find a suitable portfolio analytics provider in the investment portfolio auto-tracking and analytics space. Trousselot set about developing Navexa to help Australians with their wealth creation, with automatic tracking of the true performance of investment portfolios, incorporating factors such as performance, expenses and tax.
Since forming, Navexa aims to provide the service globally.
Navexa is for individuals who want to track the performance of their investment portfolio. Navexa is a one-stop-shop for those who invest in shares, ETFs, crypto and managed funds in the Australian market. Navexa has pricing levels for a range of investors, from those that only have a small portfolio, to regular traders in both shares and crypto.
Navexa is based in Australia and integrates with a range of popular Australian based brokers and a number of Australian and US stock exchanges.
Navexa has a 4 tier fee structure:
· Free – performance tracking only of 1 portfolio, with up to 10 holdings, Community Forum for support
· Basic: $8/month ($96/yr) – tax reporting of 1 portfolio, with up to 20 holdings, Community Forum for support
· Standard: $15/month ($180/yr) – advanced reporting of up to 3 portfolios, with up to 100 holdings, Standard support
· Premium: $20/month ($240/yr) – advanced reporting of up to 10 portfolios, with unlimited holdings, priority support
Navexa also offers a 14-day free trial of the Standard plan, so you can try the extra functionality to see if it suits your needs before you buy.
In comparison, Sharesight also offers 4 tier pricing:
· Free – limited reporting for 1 portfolio and 10 holdings, limited support
· Starter: $19/month billed annually ($228/yr) or $25.33/month billed monthly ($304/yr) – limited reporting, 1 portfolio and 30 holdings, standard support
· Investor: $29/month billed annually ($348/yr) or $38.67/month billed monthly ($464/yr) – advanced reporting, 4 portfolios with unlimited holdings, standard support
· Expert: $49/month billed annually ($588/yr) or $65.33 billed monthly ($783.96/yr) – full reporting, 10 portfolios with unlimited holdings, priority support
Yes, the Navexa platform is easy to use. It’s easy to set up with clear instructions on both the website and app.
Supported brokers that integrate with Navexa also provide easy-to-follow, step-by-step instructions that make using Navexa easy. Navexa also offers support for any issues you may encounter when setting up or using their tracking and analytics tools.
“Start tracking your gains, income & performance. Get a clear picture of your portfolio’s progress in seconds. Get better investment tax outcomes for a fraction of the cost. Ditch the admin. Focus on your investing.”
www.navexa.io
If your brokerage platform is already supported by Navexa then linking your data is relatively straightforward. You can use Navexa’s Broker File Uploader for your trading account data to be directly uploaded to Navexa.
If your platform is not supported, you can upload your data manually with Navexa’s versatile tool for file uploading.
Navexa offers easy-to-follow instructions, and supported brokers that integrate with Navexa also offer easy-to-follow instructions.
How do I track my portfolio’s overall return?
Once you upload your data to Navexa, and have the correct level of access, Navexa can provide an annualised view of your portfolio’s performance.
As well as tracking, Navexa analytics can factor in trading fees for buying and selling, dividend disbursements and currency fluctuations to give you an accurate view of your overall return.
Navexa and Sharesight cater to a similar market and have similar functionality, but there are also differences.
Both sites enable investors to track and report on their investment portfolios. Both sites have easy-to-follow instructions on how to upload data and integrate with brokers to streamline the process.
When it comes to difference, probably the standout is price. Sharesight is much more expensive than Navexa. Secondly, customer reviews suggest Navexa is more responsive to customer feedback resulting in a more user-friendly app that’s constantly evolving.
At a more competitive price point, it seems that more people are willing to give Navexa a go and find they are happy to stay. So it will be interesting to see how Sharesight responds to this.
- Designed to meet a need for Australian investors
- See all your investments in one place and track your portfolio easily
- It’s free to upload documents to track performance, although manually uploading can be time-consuming
- One site to track both shares and crypto exchange accounts
- Your Navexa fees may be a tax deduction
- Navexa is adding more brokerages all the time, such as recently adding the Pearler app
“The platform has allowed me to better understand where my investments are and provide solid tracking detail. The reporting is also very important for my accountant, tracking everything in one single solution and no spreadsheets.”
Mark – Navexa reviews (Navexa.io)
- Designed for the Australian market, so major international brokers are not covered
- The app is pricey, considering there are free options out there, but cheaper than Sharesight
- You have to pay for access to the best features
For serious investors with regular trades in shares and crypto, then the Navexa Premium access offers a lot of functionality when it comes to tracking and analytics features. For those investors, Navexa Premium may well be worth it if your investment exposure is mostly in Australia.
Navexa is committed to the safety of customer data and notes it as its primary concern.
While no app or website is completely safe, Navexa uses the most up-to-date technology to protect customers’ data. Navexa uses encryption to protect your info in their database when it’s not in use.
Also, Navexa uses SSL Encryption to make it hard for hackers to access info from your browser, which is indicated by a green padlock in your address bar.
Navexa has a number of ways you can contact them. Each page of your account has a feedback form that you can use to reach out to the Navexa team. There is also a Community Forum and email at [email protected].
Is there an App?
The Navexa platform is available as a website and app available for both Apple and Android.
Navexa is growing the number of share trading platforms it integrates with, such as adding the Pearler app as recently as 2023. Other platforms Navexa supports include, but are not limited to:
- CommSec
- CMC Markets
- NAB Trade
- Bendigo Invest Direct
- WestPac Share Trading
- ANZ Share Trading
- SelfWealth
- Pearler
Navexa also supports crypto trading platforms, such as:
Whether the Navexa portfolio tracker is worth it or not depends on what sort of investor you are. Navexa’s pricing is cheaper than Sharesight, and customer reviews suggest Navexa also offers a better customer experience.
For small investors, the free version may suffice. However, an average investor would probably get by on Basic or Standard access. Part of the benefit of an investment platform like the Pearler app is the set-and-forget functionality of auto-invest, so there may not be much point in paying for real-time tracking on a day-to-day basis with Navexa. But hey, each to their own.
For those with an entire portfolio designed to generate dividends, then some sort of tracking app is useful when it comes to tax time. Especially when you are trying to keep track of franking credits. In this case, Navexa’s Basic access probably ticks the boxes for that.
Those experienced with using both sites get the impression that Navexa is actively working on improving the site for user experience, while Sharesight may be resting on its laurels in that regard.
You can read the reviews of Navexa on Truspilot HERE.
Conclusion
Navexa’s tracking and analytics platform helps small, through to serious investors track their portfolio performance. Navexa caters to the Australian market when it comes to keeping track of shares, managed funds, mutual funds and crypto.
Beyond Navexa’s tracking functionality, Navexa analytics can include things like trading fees, currency fluctuations and dividends to generate an annualised report of your investment performance.
The Navexa platform is available as a website and app for Apple and Android. Navexa offers a number of price points with different levels of access, support and functionality depending on the extent of your portfolio. For those who’d like to try it first, there is a Free level, with limited services and a 14-day free trial of the Standard access, with enhanced functionality.
While the Premium level may not be for everyone, investors with a dividend-generating portfolio may find at least the Basic level useful at tax time, and a competitive alternative to Sharesight in both price and customer experience.
Captain FI is a Retired Pilot who lives in Adelaide, South Australia. He is passionate about Financial Independence and writes about Personal Finance and his journey to reach FI at 29, allowing him to retire at 30.
