Nasdaq stock market is the very first electronic stock market in the world. Nasdaq Composite index unites over 2500 common equities. It is one of the three major indices worldwide together with S&P 500 and Dow Jones Industrial Average. The composition of the index is almost 50% technology, consumer services, health care, and financials. This broad-based market index is extremely popular. Therefore, all the best stock brokers are expected to provide Nasdaq-listed stocks or CFDs on Nasdaq shares on their trading platforms. Leading brokerage companies will offer CFDs on stocks listed on the Nasdaq exchange, individual shares on the exchange, and Nasdaq Composite Index available to trade.
More frequently, traders will encounter Nasdaq 100 (or Nas 100) index tradable with the brokers. t is the basket of the hundred largest stocks listed on the Nasdaq exchange. Sometimes you may find this index under the name of US100 or US100 Cash. It means that the brokers will offer NASDAQ 100 as cash and futures CFDs. The most popular stocks appearing on Nasdaq 100 index are Apple Inc, Microsoft Corp, Amazon.com Inc, Facebook Inc, Alphabet Inc, Tesla Inc and etc. We will cover the leading Nasdaq brokers that offer the best trading conditions for CFDs on Nasdaq indices, stocks, and individual shares.
We prepared the list of the best brokers for indices trading, specifically for Nasdaq-listed stocks and Nasdaq indices according to several features. Firstly, we identified the brokers that are regulated and licensed. Secondly, the brokers offer the lowest trading costs on the market. Thirdly, they have competitive and advanced trading platforms, and finally, they provide the largest portfolio of financial trading instruments.
CySEC, FCA, ASIC
MT4, MT5, WebTrader
CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA, FSRA
MT4, MT5, WebTrader, AvaTradeGO
Swedish FSA, Finansinspektionen
cTrader, MetaTrader 4, MetaTrader 5
SVGFSA, FCA, DFSA, FSCA, FSA
From 30% to 100%
Risk Warning: YOUR CAPITAL MIGHT BE AT RISK
FCA, CySEC, FSA
MT4, MT5, WebTerminal
ASIC, CySEC, FSA, BVI
WebTrader, MT4, TradingView
FCA, CySEC, DIFC, CIMA
WebTrader, MT4, MT5, IRESS
ASIC, SCB, CMA, CySEC, FCA, BaFin and DFSA
MT4, MT5, cTrader, TradingView
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
If you are planning to start share trading this earning season, we have picked three of the best Nasdaq brokers to analyze the market conditions, trading costs, platform choice, and the variety of instruments. XM, AvaTrade, and HotForex are three of the best Nasdaq brokers currently operating on the market. XM broker offers around 14 equity indices, including Nasdaq 100 or US100 Cash. The broker also offers more than 650 stocks registered on the Nasdaq stock exchange market and around 60 individual shares from Nasdaq Composite Index. Even though AvaTrade does not have Nasdaq indices, the broker provides up to 1000 stock CFDs on the companies registered on the Nasdaq stock exchange. HotForex traders can access Nasdaq indices such as the US Tech 100 and US 500. Also, the broker offers more than 200 USA – NASDAQ DMA stocks.
XM’s Nasdaq100 index – US100 Cash can be traded with a spread as low as 2 pips. The minimum trade size on MetaTrader 4 is 1 lot, whereas the value of a single lot being 1 US 100 index. The maximum trade size on MT4 is 12500 lots. On MetaTrader 5 accounts, the minimum trade size is 0.1 lots and the maximum being 340 lots. In case traders go for US100 Future, the spread will increase up to 5 pips and the trade size limits will remain the same.
XM broker allows its traders to invest in individual shares or trade with CFDs on Nasdaq stocks. XM has around 100 individual shares with applicable ownership rights with a minimum of $1 commission per transaction on all US shares. Nasdaq Stock CFDs can be traded with a leverage ringing between 1:10 to 1:100. The spreads on 5 most popular Nasdaq-100 stocks are applied in the following way:
AvaTrade offers CFDs on stocks in the World’s Top Companies listed on Nasdaq-100. Furthermore, the broker has up to 1000 various stock CFDs appearing on Nasdaq Composite Index with competitive trading conditions. Apart from MT4 and MT4 trading accounts, the broker also offers AvaTrade a web-based platform that is compatible with 95% of the world’s browsers. There are no commissions applicable to trades on stock CFDs listed on the Nasdaq stock exchange market.
The maximum leverage that the clients of AvaTrade can use while trading Nasdaq stocks is 1:10 with a 10% margin requirement. The spreads are given in percentages on the following stock CFDs:
HotForex, similar to XM broker also offers USA100 – US Tech 100 Nasdaq index available to trade on the broker’s platform. A typical spread for trading the index is 2.03 pips with maximum leverage of 1:200. The commission rate applicable on index trading is 1 USD per lot (round turn). Traders can choose between spot contracts and futures contracts. For futures contracts on US Tech 100, the spread of 3.13 pips is applied.
HotForex traders can trade both CFDs on Shares and Stock DMAs. The broker offers up to 1000 stock instruments available to trade. Among them, 600 stocks are traded on the Nasdaq stock exchange with the leverage of 1:14.
In terms of cost-efficiency and cheap trading, it is better to go for a HotForex broker. This broker provides ultra-tight spreads that are much lower than the market average of the top stockbrokers on the most popular Nasdaq stocks including Facebook, Google, Amazon, Apple, and Microsoft. If you are looking for flexible leverage, then XM is the best choice with the maximum leverage limit of 1:888, which is the highest leverage compared to other brokers. In case, you are looking for a diverse stock portfolio, then AvaTrade is your clear choice – the broker provides more than 1000 stocks from NYSE and Nasdaq stock exchanges with competitive conditions.
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