The Nasdaq 100 (also known as the NAS100) is one of the most popular stock indices in the world. It is an index based on the market capitalization of the world’s largest companies listed on the NASDAQ.
Many Forex and CFD brokers in South Africa accept NAS100 trades with CFD instruments with different spreads and features. This article will list down some of the best brokers with Nas100!
Points to consider when choosing a Nas100 broker
- It must be a thoroughly regulated broker.
- Trading and non-trading fees.
- Ease of withdrawals.
- Good customer support.
- User-friendly platform.
- Positive Customer reviews.
Exness
Exness is a forex market creator and CFD broker regulated by the FCA, FSCA and CySEC. The minimum spread for the Exness US Tech 100 index for an account type with zero commission is 1.5 pips per lot. The broker also provides accounts for trading ZAR currency and accepts various transaction methods including local bank transfers in South Africa with a minimum deposit of $1. It offers MT4 and MT5 trading platforms and has excellent Email and live chat support.
XM
XM is an ASIC regulated forex broker that enables Nasdaq (US100) CFDs to be traded. XM is not regulated in South Africa but is licensed by ASIC and CySEC regulators. The minimum spread for NAS 100 CFDs is 3 pips per lot and the margin requirement is 1%. It offers a wide range of trading instruments including CFDs of commodities and indices. It also provides trading with ZAR currency and has negative balance protection unlike many brokers.
Tickmill
Tickmill is an FSCA licensed foreign exchange broker in South Africa. Nasdaq provides it in USTEC form on their platform. The minimum investment required to open a Tickmill NAS100 account for trading is $ 100. They offer a maximum leverage of 1: 100. They provide instant bank transfers online in South Africa and withdrawals via bank transfers are very time efficient as well. They offer clients with MetaTrader 4 as a trading platform. In addition, Tickmill provides 24/7 email, live chat and global phone support.
AvaTrade
AvaTrade was founded in 2006. AvaTrade offers over 250 instruments covering over 60 currency pairs, major stock charts, cryptocurrencies, commodities, bonds, individual stocks and ETFs.
They are highly regulated in Europe, the British Virgin Islands, Australia, Japan and South Africa. They offer a range of trading platforms. There is a system of segregated accounts that ensures the security of client funds. They offer competitive spreads with trading websites in more than 20 languages.
GO Markets
GO Markets is one of Australia’s leading regulated brokers established in 2006. GO Markets has offices in Melbourne, London, Taipei and Hong Kong and has over 10,000 leading traders on its sidewalks. GO Markets currently offers over 350 tradable CFD instruments including Forex, Stocks, Indices, Commodities and Cryptocurrencies. They are a highly regulated broker. They also offer the negative balance protection feature that not many brokers do.
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