Guide to best brokers for indices: best Nasdaq brokers

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.

List of the best Nasdaq brokers

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.

XM Group

XM Forex Review

Minimum deposit

5$

Regulation

CySEC, FCA, ASIC

Bonus

30$, 50%+20%

Maximum leverage

1:1000

Year founded

2009

Trading platform

MT4, MT5, WebTrader

AvaTrade

Review of AvaTrade – Broker with over 15 years of experience

Minimum deposit

$100

Regulation

CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA, FSRA

Bonus

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4, MT5, WebTrader, AvaTradeGO

SAXO Bank

SAXO Bank Forex Review

Minimum deposit

USD 5,000

Regulation

FINMA, FCA, ASIC, FSA, MAS, AFM

Bonus

N/A

Maximum leverage

1:30

Year founded

1992

Trading platform

SaxoTraderGo, SaxoTraderPro

HotForex

HotForex Review – Trade 1,000+ of Symbols with this Broker

Minimum deposit

$5

Regulation

SVGFSA, FCA, DFSA, FSCA, FSA

Bonus

From 30% to 100%

Maximum leverage

1:1000

Year founded

2010

Trading platform

MT4, MT5

ForexMart

ForexMart Review – High-class trading experience

Minimum deposit

15

Regulation

CySEC

Bonus

30%

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4, WebTrader

CM Trading

CM Trading FX broker review – Is it legit?

Minimum deposit

$250

Regulation

FSCA

Bonus

Maximum leverage

1:200

Year founded

2012

Trading platform

MT4, WebTrader

Plus500

Plus500 Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

30:1

Year founded

2008

Trading platform

Custom

IQ Option

An in-depth IQ Option Review of fees, opportunities and more

Minimum deposit

$10

Regulation

Risk Warning: YOUR CAPITAL MIGHT BE AT RISK

Bonus

N/A

Maximum leverage

1:1000

Year founded

2013

Trading platform

Proprietary

Exness

Exness Broker Review – Should You Trade With It?

Minimum deposit

10 USD

Regulation

FCA, CySEC, FSA

Bonus

N/A

Maximum leverage

1:Unlimited

Year founded

2008

Trading platform

MT4, MT5, WebTerminal

OspreyFX

OspreyFX review – regulations, features and possibility of OspreyFX scam

Minimum deposit

$10

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4, custom

EagleFX

EagleFX review – Start trading with safe and secure broker

Minimum deposit

$10

Regulation

Bonus

Maximum leverage

1:500

Year founded

Trading platform

MT4

Forex.com

Forex.com Review

Minimum deposit

250$

Regulation

FCA, NFA

Bonus

N/A

Maximum leverage

200:1

Year founded

1999

Trading platform

MT4

easyMarkets

Can You Trust easyMarkets? There Are Things You Need To Know

Minimum deposit

$25

Regulation

ASIC, CySEC, FSA, BVI

Bonus

50%

Maximum leverage

1:400

Year founded

2001

Trading platform

WebTrader, MT4, TradingView

HYCM

Can you trust HYCM Forex broker? What you need to know?

Minimum deposit

100

Regulation

FCA, CySEC, DIFC, CIMA

Bonus

N/A

Maximum leverage

500:1

Year founded

1977

Trading platform

MT4, MT5

FPMarkets

Is FPMarkets reliable broker? Is it licensed to trade?

Minimum deposit

$100 AUD

Regulation

ASIC

Bonus

N/A

Maximum leverage

500:1

Year founded

2005

Trading platform

WebTrader, MT4, MT5, IRESS

Pepperstone

Pepperstone FX Broker – Everything You Need To Know About This Broker?

Minimum deposit

AUD$200

Regulation

ASIC, SCB, CMA, CySEC, FCA, BaFin and DFSA

Bonus

N/A

Maximum leverage

1:400

Year founded

2010

Trading platform

MT4, MT5, cTrader, TradingView

FXRoad

Review of FXRoad – Broker with Superior Islamic Accounts

Minimum deposit

250 EUR

Regulation

FSA (Seychelles)

Bonus

None

Maximum leverage

1:200

Year founded

2023

Trading platform

FXRoad web & mobile platforms

IMGFX

IMGFX Broker Review – Your Best Trading Experience

Minimum deposit

$50

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

FXOpen

FXOpen Review – The most experienced broker

Minimum deposit

1 USD

Regulation

ASIC, FCA

Bonus

10 USD

Maximum leverage

1:500

Year founded

2005

Trading platform

MT4, MT5, WebTrader

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.

Trading conditions on Nasdaq stocks and Nas100 index

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 trading conditions

top 10 nasdaq brokersXM’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:

  • Facebook 0.48 pips
  • Google 4.33 pips
  • Amazon 5.85
  • Apple 0.27
  • Microsoft 0.47

Get up to 1:888 leverage on Nasdaq CFDs with XM

AvaTrade trading conditions

south african brokers with nas100AvaTrade 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:

  • Facebook 0.13%
  • Google 0.13%
  • Amazon 0.13%
  • Apple 0.13%
  • Microsoft 0.13%

Get access to 1000+ Nasdaq stocks with AvaTrade

HotForex trading conditions

brokers with nas100 and zar account

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.

  • Facebook 0.6 pips
  • Google 1.09 pips
  • Amazon 1.3 pips
  • Apple 0.5 pips
  • Microsoft 0.04 pips

Trade Nasdaq100 with tightest spreads at HotForex

Which one is the best Nasdaq broker?

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.

FAQs on best Nasdaq brokers

Which broker is best for NAS100?

XM or HotForex is the best option to trade Nasdaq 100. NAS100 is an index that almost every brokerage company provides. However, XM and HotForex brokers provide CFDs on indices with competitive trading conditions, ultra-tight spreads, and flexible leverage. XM allows maximum leverage up to 1:888, while HotForex has spread as low as 0.04 pips on Microsoft shares and 0.6 pips on Facebook shares.

How much do I need to trade NAS100?

The minimum deposit requirement of best Nasdaq brokers is around 5 US dollars. Even though you can trade with 5USD on CFDs on NAS100 it would not bring a lot of profits. It is recommended that traders invest at least 50 US dollars in CFDs of the index to cover the spreads and commissions (if any) charged by the broker. Furthermore, some brokers will have minimum trade size requirements. With XM, for example, the minimum trade size requirement is 1 standard lot with NAS100.

Is US Tech 100 same as Nasdaq?

Yes, it is the same. The index comprises the top 10 tech companies in the United States. It is the market capitalization system that features 100 or more largest publicly traded businesses that are listed on Nasdaq stock exchanges. Some brokers will denote the index as Nasdaq 100, NAS100, US100, or US Tech100. All of them contain the same stocks found on Nasdaq composite index.