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5 Best Nasdaq 100 Forex Brokers

The NASDAQ 100 is a well-known metric in the world of capital markets. Indexes of the world’s largest publicly traded companies on NASDAQ are included in this index.

In addition to these, there are numerous other companies that fall into this category. US TECH 100 and NAS 100 are other names for this model.

There are a number of Forex and CFD brokers that provide the NASDAQ as an instrument that may be traded with a wide range of spreads and features. Here, we explore the 5 best brokers which offer access to the Nasdaq with excellent trading conditions.

 

1.     HF Markets

Overview

STP broker HF Markets is regulated by several agencies, including the FCA, the Financial Services and CySEC. Trades on the US Tech 100 stock index can be made using both CFDs and futures with HotForex in South Africa.

An average spread of 2.03 pips per lot and a maximum leverage ratio of 1:50 apply to the CFD on the NAS 100, and is one of the best Nasdaq Forex brokers in South Africa.

 

Pros and Cons

Pros Cons
No deposit or withdrawal fees High commission charges on the Zero account
Competitive spreads  

 

Features

Feature Information
Regulation CySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from $5
Average spread from 2.03 pips for NASDAQ
Commissions from USD 0.03 per 1K lot.
Deposit/Withdrawal Fees None
Maximum Leverage 1:50 for NASDAQ
Bonuses $30 No deposit bonus
Customer Support 24/5

 

 

2.     Tickmill

Overview

Tickmill is one of the best FSCA-registered Nasdaq Forex brokers in South Africa. With this broker, the NASDAQ ticker symbol on the NASDAQ platform is USTEC.

To begin trading on the NAS100 at Tickmill, you will need to deposit a minimum of one hundred dollars. For a contract size of 0.01 lot, they provide a maximum leverage of 1:100 and a typical spread of 1.93.

 

Pros and Cons

PROS CONS
STP model  
Advanced trading software  
Competitive pricing  
Well regulated  
High leverage  

 

Features

Feature Information
Regulation FSA
Minimum deposit from $100
Average spread from 1.93 for NASDAQ
Commissions from ‎2 per side per 100,000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:100 for NASDAQ
Bonuses $30 Welcome Bonus
Customer Support 24/5

 

 

3.     XM

Overview

NASDAQ CFDs can be purchased for as little as US$100 on the XM platform. This instrument has a maximum leverage ratio of 1:100.

XM is one of the most cost-effective NASDAQ Forex brokers because of its $5 minimum deposit requirement for all account types.

 

Pros and Cons

Pros Cons
Low minimum deposit Inactivity fee charged after 90 days on live accounts
Comprehensive educational offering Limited product portfolio
Streamlined account opening process  

 

 

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:100
Bonuses $30 No deposit bonus
Customer Support 24/5

 

 

4.     Exness

Overview

Market maker forex and CFD broker Exness is regulated by the FCA, FSCA and Cyprus Securities Exchange Commission (CySEC) and is one of the top NASDAQ Forex brokers.

To trade the US Tech 100 index, Exness offers CFDs with a standard margin requirement of 1 percent and an average spread of 5.67 percent per lot for 1 Mini Lot Contract.

 

Pros and Cons

PROS CONS
Well-regulated  
Tight spreads  
Over 130 currency pairs  

 

 

Features

Feature Information
Regulation CySEC, FCA
Minimum deposit from $1
Average spread from 5.67 pips per lot for 1 Mini Lot
Commissions from 3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal Fees None
Maximum Leverage 1:2000
Bonuses Standard +10% Bonus Programme
Customer Support 24/5 – multilingual

 

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5.     AvaTrade

Overview

AvaTrade is a well-known broker in South Africa, with more than 45 000 active traders and a broad range of trading options. One of AvaTrade’s main goals is to help individuals feel more confident about trading.

 

Pros and Cons

PROS CONS
Broad range of tradable instruments High EURUSD and inactivity fees
MetaTrader 4 and 5 available  
Excellent educational resources  

 

 

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

 

Read more: What is Forex Trading?

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Written by How Africa

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