Top 10 Nasdaq 100 Forex brokers 2024
Best 10 Nasdaq 100 Forex broker 2024 - RoboForex
Top 10 Nasdaq 100 Forex brokers 2024:
RoboForex - Best overall for beginner traders and experienced investors
Exness - Best trading conditions
IC Markets - Best for scalping strategies
XM - Best for both novice professional traders
Admiral Markets - Best for comfortable trading
In this article, our analysts will look at one of the leading stock market indexes in the United States, the Nasdaq 100 stock market index. It will compare the best Nas 100 brokers regarding trading conditions and fees.
Finding the right broker for your Forex trading is crucial to your success. As a trader and investor, you want a broker who provides the best trading conditions. The right broker will provide a pocket-friendly minimum deposit and endless stock options. One of the best ways to find the perfect broker is by looking at stock market indexes.
What is the NASDAQ 100 index?
NASDAQ 100 is a stock index that tracks the 100 most actively traded non-financial companies listed on the NASDAQ (National Association of Securities Dealers Automated Quotations) stock exchange. The stock exchange was founded in 1985 and excluded any financial businesses. The financial companies feature in the NASDAQ Financial-100 index.
NASDAQ 100 measures the changes in total shares of the listed companies. The index changes with each rise or fall in companies' share prices. However, such changes are felt at macro levels, making it perfect to notice large changes. You can also be interested in information about trading hours for Nasdaq100.
How is Nas100 calculated?
NASDAQ stock exchanges use the market capitalization of companies to calculate and weigh the Nas100. As a result, the financial index score gets pressure from larger-cap businesses.
The index value is calculated by multiplying the total index share weight value with the last closing price for each instrument. It is then divided by an index advisor.
Can I trade NASDAQ 100 in Forex?
Yes. You can trade NASDAQ 100 in Forex. It mostly works with CFDs, which have a high leverage value and small trade margins. However, you won’t own the share but earn by predicting the rise or fall of prices. Your speculating capabilities determine how much you make.
List of 10 Best NASDAQ 100 Forex brokers 2024
There are several well-regulated and established NASDAQ 100 Forex brokers worldwide. As such, you must take caution when choosing one. You must find one within your financial capability that offers a wide range of trading assets.
In the table below, we have compiled a list of 10 NASDAQ 100 Forex brokers that you must watch out for in 2023. Pepperstone has the lowest minimum deposit, none, making it the perfect broker for anyone who has a limited budget. We have also listed the various trading assets to help you determine which offers a wide range of investment opportunities.
Best Nas100 Forex brokers today are
RoboForex
Exness
IC Markets
XM
Admiral Markets
MultiBank
Libertex
Pepperstone
AvaTrade
eToro
| Minimum deposit | Trading assets | Leverage | |
|---|---|---|---|
RoboForex |
$100 |
Shares, CFDs, stocks |
1:100 |
Exness |
$1 |
Indices, stocks, energies, cryptocurrencies, fore, and metals |
1:100 |
IC Markets |
$200 |
Stocks, CFDs of commodities, futures, bonds and digital assets |
1:200 |
XM |
$5 |
stocks, stock indices, oil, and gold |
1:1000 |
Admiral Markets |
$100 |
Stocks and ETFs |
1:500 |
MultiBank |
$50 |
Forex. Shares, stocks, gold, oil, etc. |
1:20 |
Libertex |
$10 |
Stocks, energies, Forex, metals, indices, and agriculture |
— |
Pepperstone |
none |
Indices, ETFs, commodities, shares, Forex, Market holidays |
1:500 |
AvaTrade |
$100 |
ICrude Oil, Copper, Brent Oil, Heating Oil, Gasoline, Natural Gas, Gold Trading, and Silver. |
1:400 |
eToro |
$10 |
Currencies, assets of stock and commodity markets, cryptocurrencies |
Up to 1: 30 |
Best Forex brokers to trade NASDAQ 100 compared
RoboForex
RoboForex is a top Forex and CFD broker offering a wide choice of earning opportunities. Novice traders can copy the signals of professionals automatically. For professional traders, the broker offers a Forex bot constructor and individual trading in the Forex, stock and cryptocurrency markets.
Trading Instruments
RoboForex supports Forex, stock and crypto trading. The broker provides access to trading a total of 8,700 trading assets.
Commissions
In the CFD market, the broker uses spread as the commission. In the Forex market, the commission depends on the chosen account. Typical spread is from 0.3 pips, ECN account trading fee is $1-$2 per lot.
Tools
MetaTrader4/5
cTrader
RStockTrader
CopyFX
Licensing
RoboForex is licensed under the International Finances Service Commission (IFSC, license No. 000138/210) and CySec (License Number: 191/13)
Investment Programs
Copy trading
Account Minimum
$10
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets
Exness
Exness Trading Company has been working in the Forex market since 2008. The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrency, stocks, more than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. There are several options for opening an account depending on the traders’ needs. A demo account is available - a training account that is useful for both beginner level traders and professional traders.
Trading Instruments
Currencies, assets of stock and commodity markets, cryptocurrencies
Commissions
Standard Account EURUSD Average Spread 1 pip, ECN/STP Account Fee $3.5 per lot
Tools
MetaTrader
Licensing
Exness is licensed under the FCA (UK Financial Conduct Authority), CySEC, and FSA.
Investment programs
Copy trading
Account minimum
$1
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets (not for all markets)
IC Markets
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
Trading Instruments
60 currency pairs, futures, CFDs on indices, commodities, metals, stocks and bonds
Commissions
Standard Account EURUSD Average Spread 0.3 pips, + fee 0.03%
Tools
MetaTrader4/5
cTrader
Licensing
IC Markets is licensed and regulated in Australia (ASIC), Cyprus (CySEC), The broker is also a member of the Australian Financial Complaint Authority (AFCA).
Investment programs
Copy trading, PAMM
Account minimum
$200
Deposit and withdrawal
Bank transfer, Debit/Credit card
XM
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted more than 5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
Trading Instruments
CFDs on currency (including cross rates), shares, stock indices, precious metals, energy products, cryptos (are not available under the EU regulated entity of the Group)
Commissions
The fees charged by XM are relatively low-average when compared to other brokers. The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms utilized by the broker have low commissions which allow them to keep a low-cost profile. The broker charges an average of 1.7 pips on the spread on the XM Standard, Micro, and Ultra-Low accounts. On the other hand, XM Zero account owners pay a flat commission of $3.5 per lot per trade plus a small spread cost.
Tools
МТ4
МТ5
Licensing
XM is licensed and regulated by ASIC, CySEC, FSC
Investment Programs
Copy trading
Account minimum
$5
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets
Admiral Markets
In 2001, Admiral Markets began operations, and they’ve gone on to become one of the best Forex brokers in the world. They have a head office in the UK.
Trading Instruments
Forex and CFD
Commissions
There are four main account types that clients can choose between. The commissions overall remain pretty consistent for all four account types.
Tools
MetaTrader 4
MetaTrader 5
Volatility Protection Tools
Licensing
Admiral Markets is licensed under the FCA (UK Financial Conduct Authority), CySEC, FSCA, and SCB.
Investment programs
Not supported
Account minimum
$1
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets (not for all markets)
MultiBank
Established in 2005, MultiBank Group has successfully stamped its authority in the world of trading. It has a valid impact in the foreign exchange industry with providing exemplary products, services, and trading platforms. With a paid-up capital of over $322 million, MultiBank Group is recognized as one of the largest only financial derivatives providers worldwide.
Trading Instruments
Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies
Commissions
Standard Account EURUSD Average Spread 1.7 pips, 0.1 pips and $3 per lot - ECN account fee
Tools
MT4
MT5
Licensing
ASIC, BAFIN, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSA, CIMA
Investment programs
Copy trading, PAMM
Account minimum
$50
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallet
Libertex
Libertex is a trading and investment software from Indication Investments Ltd, which appeared in the market back in 1997. The broker was awarded the Best Trading Platform at the recent Forex Awards.
Trading Instruments
Over 250 CFDs underlying assets on Forex, crypto, metals, etc
Commissions
Standard Account EURUSD Average Spread 0.3 pips, + fee 0.03%
Tools
Libertex
Licensing
Libertex is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) under license CIF No. 164/12.
Investment programs
Managed accounts
Account minimum
100 EUR
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets
Pepperstone
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions.
Trading Instruments
With Pepperstone you can trade CFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs
Commissions
The fees are charged as the spread
Tools
cTrader
TradingView
MetaTrader 4
MetaTrader 5
Licensing
Pepperstone is regulated by the FCA
Investment programs
Copy trading
Account minimum
$200
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets (not for all markets)
AvaTrade
If you’re just starting out with Forex trading, then AvaTrade is one of the best brokers on the market. They offer a wide variety of educational resources that you can use to fast-track your Forex trading knowledge.
Trading Instruments
Ava Trade offers Forex and CFD Trading.
Commissions
AvaTrade has an average overall cost of trading is 0.61 pips and requires you to make a minimum deposit of $100!
Tools
MetaTrader and WebTrader
AvaTrade
AvaTrade WebTrader
Copy trading
AvaOptions
Licensing
AvaTrade is licensed under the FCA (UK Financial Conduct Authority), CySEC, FSCA, and SCB.
Investment programs
Copy trading, managed accounts
Account minimum
$100
Deposit and withdrawal
Bank transfer, Debit/Credit card, Electronic wallets (not for all markets)
eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators
Trading Instruments
eToro supports different types of CFDs (Forex, metals, commodities), as well as direct US stocks and crypto trading. The broker provides access to trading a total of 2500 + trading assets.
Commissions
In the CFD market, the broker uses spread as the commission. US stocks trading is free, crypto trading fee is 1% of trade value.
Tools
eToro Web/5
eToro Mobile
CopyTrader
Licensing
eToro (Europe) is licensed by the Cypriot regulator CySEC and eToro (UK) is licensed by the British regulator FCA. The broker also has a representative office in Australia and the USA.
Investment programs
Copy trading
Account minimum
$10-$50
Deposit and withdrawal
Bank transfer, Debit/Credit card
What is the best US broker for NASDAQ 100?
Several US brokers offer excellent NASDAQ 100 services. However, our best broker for NASDAQ is eToro.
eToro is a leading forex trading broker that provides traders with over 2,000 financial assets, including stocks listed in NASDAQ 100. The broker requires you to pay a minimum deposit of $200 with acreage CFD trading fees of 2.4 points.
The broker is regulated by several agencies globally and ranks high among the world's best social indices trading platforms. It lets you mimic the top-performing traders, giving you more insight and a return on investment. The learning value makes it perfect for beginners.
Additionally, it gives you a wide range of significant stock indices that:
Provide numerous trading opportunities
Allows you to go long(buy) or short(sell) your indices to profit from either a fall or rise
Require a low amount to start investing
With up to x20 leverage on some stock indices
Allow you to invest in multiple stocks instead of time-consuming individual stocks
Are less riskier than other stocks and investments in your portfolio
How to trade NASDAQ 100 with Forex brokers
Picking the most suitable Forex broker is crucial to your success. You can’t blindly go with the first one you see. However, once you have chosen a broker, you must have the skills to make trading decisions to avoid losses. Here are some tips to help you trade NASDAQ 100 with Forex Brokers.
Monitor buys and sell signals using technical analysis
Monitor fundamental variables such as the central bank’s position, trade and currency wars, economic data release, and large companies
Weigh the risks versus the reward and make an appropriate decision
Record trades and review them later
Trade while energetic and sharp
Pick the best market hours, like the eastern time
Can I trade the NASDAQ 100 on mt4?
You can trade the NASDAQ 100 index on MetaTrader 4 and 5 as CFD futures. The CFD futures allow you to predict and speculate on the prices of specific goods. As a trader, the NASDAQ 100 allows you to assess risk and wage on the rise or fall of prices in various sectors, such as agriculture, the dollar index, and government bonds.
The CFD instruments link to an asset, and you don’t own the futures contract as an investor. You earn by predicting the prices.
FAQ
How is the NASDAQ weighted?
NASDAQ stock exchanges use the market capitalization of companies to calculate and weigh the Nas100. As a result, the financial index score gets pressure from larger-cap businesses.
The index value is calculated by multiplying the total index share weight value with the last closing price for each instrument.
What does NASDAQ stand for?
NASDAQ - National Association of Securities Dealers Automatic Quotations
What strategies can I use to trade NAS100?
Trading NAS100 requires some level of analysis. The two main types of analysis include:
Technical analysis, which involves looking at data to look out for sell or buy signals
Fundamental analysis, which monitors external factors such as trade wars and central bank standings that affect the stock prices
Does Exness have NASDAQ?
Yes. Exness is a regulated forex and CFD broker that offers NASDAQ CFD instruments.
Methodology for compiling our ratings of Forex brokers
Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Find out more about the unique broker assessment methodology developed by Traders Union specialists.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!