10 Best NASDAQ Forex Brokers ☑️ (2024) (2024)

We reveal the 10 Best Forex Brokers for NASDAQ 100.

Wetested andverifiedthe best NAS 100 brokers offering trading conditions to South Africans.

Updated for 2024.*

In this in-depth guide you’ll learn:

• How tochoose the best NASDAQ trading broker
• How tocompare the best NASDAQ trading apps for ZAR trading pairs.
• Who are thebest forex brokers on MT4 and MT5
• Which brokers offer Nas100 in ZAR andMicro accounts.
• How to sign up for a NAS trading account.

Reputable, Trustworthy brokers that offer NASDAQ CFDs on the foreign exchange under user-friendly trading conditions. Compare NAS 100 Brokers, trading platforms, pros + cons, and trading conditions. Let’s jump in…

10 Best NASDAQ 100 Forex Brokers in South Africa (2024)

1. ☑️ AvaTrade – Best Overall Forex Broker in South Africa
2. ☑️ FP Markets – SA’s fastest-growing forex trading broker
3. ☑️ HFM – Top ZAR Trading Account for South Africans
4. Exness – #1 FSCA Regulated broker in South Africa
5. XM – Global Forex Broker offering a ZAR trading account
6. GO Markets – Offers over 600 opportunities to trade
7. Alpari – Lightweight Trading App
8. FXTM – Excellent Technical Tools
9. Interactive Brokers – Offers automated risk controls
10. RoboForex – Best mobile trading app 2024

NASDAQ – an Overview

The NASDAQ is an American stock market owned and operated by NASDAQ Inc. It was launched on January 31st, 1985, presenting itself as an alternative to the NYSE and is the second-largest in the world by market capitalization, after the New York Stock Exchange.

It includes companies from a wide spectrum of nonfinancial industries, such as Technology, Health Care, and Retail. The NASDAQ-100 is the premier large-cap growth index and provides the basis for benchmarking numerous investment products.

NASDAQ 100 – a Breakdown

The NASDAQ 100 index comprises 100 of the largest non-financial organizations that are listed on the NASDAQ stock market. The top ten companies that have held the highest weights in the index during recent years are Apple,Microsoft,Amazon, Google, Facebook,Gilead Sciences,Intel, Cisco &Comcast.

10 Best Forex Brokers for NASDAQ 100

AvaTrade

Avatradeis one of South Africa’s most notable brokers with more than 45 000+ active traders in the country with a massive selection of trading pairs and offerings.AvaTrade is based in Ireland and was founded in 2006 with the mission to empower people to trade with confidence.

AvaTrade is regulated by numerous authorities and bodies across the world, including the Central Bank of Ireland, the B.V.I Financial Services Commission on the British Virgin Islands.

AvaTrade at a Glance

Avatrade Features

• A range of automated trading platforms and EA compatibility
• Client funds are held in segregated accounts for increased security
• Desktop, tablet, mobile, and web-based trading with MetaTrader 4, MetaTrader 5 and AvaTradeGO
• Competitive spreads offering
• Trading websites in more than 20 languages

AvaTrade Pros and Cons

FP Markets

FP Marketsis an Australian broker that was established in 2005 and offers traders access to contract for difference (CFD) trading across forex, indices,commodities, stocks, andcryptocurrencieson consistently tighter spreads in supreme trading conditions.

FP Markets at a Glance

FP Markets Features

• Leverage is 500:1 when trading currency.
• Offer Direct Markets Access (DMA)
• Demo Account for beginning traders
• 50 plus currency pairings to trade

FP Markets Pros and Cons

HF Markets formerly known as Hotforex

HF Markets was founded in 2010 and has its headquarters in Cyprus. HF Markets is an award-winning forex and commodities broker that provides trading services and facilities to both retail and institutional clients.

HF Marketsat a Glance

HF Markets Features

• Innovative and feature-rich technology
• Great range of markets
• Offers Negative Balance Protection
• Additional Civil Liability Insurance
• Lots of premium MetaTrader tools offered

HF Markets Pros and Cons

Exness

The Exness Group was founded in 2008 in St. Petersburg, Russia, and offers access to more than 120 financial instruments to trade across which include Forex, Crypto, Stocks plus Indices. They have licenses from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles.

Exness at a Glance

Exness Features

• Very cool user friendly and modern website
• Tight spreads from 0.1 pips
• No hidden commissions or fees
• Instant withdrawal of funds
• Client funds kept in segregated accounts
• Tight spreads
• Copy-trading system

Exness Pros and Cons

XM

XM.com is a leading online global broker that was founded in 2009 and headquartered in Cyprus. XM.com offers more than 25 secure payment methods, 16 full featuretrading platforms, and 24/5 personal customer service.

XM at a Glance

XM Features

• Allows scalping
• Offers negative balance protection
• Low min deposit
• Offers Negative Balance Protection
• Allows Hedging

XM Pros and Cons

GO Markets

GO Markets is based in Australia and was established in 2006. GO Markets has offices in Australia, Cyprus, Mauritius, Seychelles, and UAE. GO Marketscurrently offers a spread-based and commission-based trading account with more than600+ tradeable CFD instruments including Forex, Indices andCommodities, andCryptocurrencies.

GO Markets at a Glance

GO Markets Features

• Allows hedging
• Allows scalping
• Offers STP
• Offers Negative Balance Protection

GO Markets Pros and Cons

Alpari

Alpari was established in 1998, relaunched in 2014, and is based in and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. Alpari gives their traders access to more than 250 markets in Forex, Stocks, Indices, Metals, and Cryptocurrencies. They offer both the MetaTrader 4 and MetaTrader 5 platforms on desktop, web, and mobile formats.

Both beginner and experienced traders will find a good fit with Alpari with demo accounts and educational resources, as well as boasting more than $1.3 trillion in trading turnover per year.

Alpari at a Glance

Alpari Features

• Maximum leverage as high as 1000 to 1
• Over 60 Forex currency pairs and crosses are available for trading
• Low min deposit
• The choice between ECN and market-maker execution models

Alpari Pros and Cons

FXTM

FXTM is a licensed and well-regulated broker worldwide with an impressive list of awards. FXTM was founded in 2012 with offices in major cities with all central operations directed from FXTM’s five-story tower located in Cyprus. FXTM offers tight spreads, trading in all currency pairs as well as a wide range of other financial products and derivatives.

FXTM at a Glance

FXTM Features

• Allows hedging
• Fast and easy account opening
• Low min deposit
• Great selection of educational tools
• Low stock index CFD fees
• Spreads as low as 0.1 pip for a standard account and 0 pips for ECN based trading accounts

FXTM Pros and Cons

Interactive Brokers

Interactive Brokersoffers their clients a transparent trading environment, low commissions, and financing rates, coupled with online education and an award-winningtrading platform. Interactive Brokers is fully regulated by multiple global authorities including the Hong Kong Securities and Futures Commission, the Financial Conduct Authority, and the Australian Securities and Investments Commission – to name but a few.

Interactive Brokers at a Glance

Interactive Brokers Features

• Over 4,300 no-transaction-fee mutual funds
• Strong research and tools
• NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.
• Advanced and smart order router
• Mutual Fund Replicator which finds lower-cost exchange-traded funds

Interactive Brokers Pros and Cons

RoboForex

RoboForex Group was founded in 2009. They are headquartered in Cyprus and serves around 800 000 traders, from 170 countries. RoboForex offers 8 asset types and more than 12 000 instruments for trading and brings support in 18 languages.

RoboForex at a Glance

RoboForex Features

• Allows hedging
• 5 Account currencies
• Allows scalping
• Tight spreads from 0 pips
• Micro accounts with the minimum lot size of 0.01
• Offers STP

RoboForex Pros and Cons

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Stock Trading Pros and Cons

In Conclusion

As with any other investment opportunity, there are clear benefits and drawbacks of investing in stocks.

Frequently Asked Questions

How do I choose the best Nasdaq100 forex broker in South Africa?

There are quite a few forex brokers in South Africa who offer Nasdaq100 trading and some of the factors that a trader should take into account when comparing Nasdaq100 brokers are: the broker’s regulation, Nas100 fees, trading platforms, available trading instruments and more.

What time does NASDAQ open for trading in South Africa?

The NASDAQ stock exchange trades from 3:30 pm until 10:00 pm South African Standard time.

Can I trade Nasdaq on MT4?

Yes, Nasdaq can be traded on the MetaTrader4 platform.

What does Nasdaq stand for?

National Association of Securities Dealers Automated Quotations.

Is it possible to invest in Nasdaq?

Yes, to invest in Nasdaq composite index you will have to buy shares of each of the companies that make up that index.

Where is Nasdaq located?

Nasdaq is located in New York city, United States.

What is the difference between NASDAQ Composite and NASDAQ 100?

The difference is that the NASDAQ Composite index covers stocks listed on the NASDAQ stock exchange while the NASDAQ 100 contains the top 100 non-financial companies according to their market capitalization.

Why is the NASDAQ 100 important to stock traders?

The NASDAQ 100 is made up of the largest and most actively traded companies that are publicly listed on the NASDAQ stock exchange.