NAS100 Brokers

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One of the most popular equity indexes in the world is the NASDAQ 100, available at many South African NAS100 brokers. The index measures the global market capitalization of the largest NASDAQ companies. The index includes Google (Alphabet), Facebook (Meta), Amazon, Apple, Tesla, etc. The NAS 100 is also referred to as the US TECH 100. CFD trading with NAS 100 is available in South Africa without actual ownership.

NAS 100 is available as a CFD instrument with variable spreads and features through several forex and CFD brokers in South Africa. Through CFDs on various trading instruments, South African traders can trade on the US Tech 100 stock index and go long or short.

Our list includes the best-regulated brokers with NAS100 that offer CFDs on the NASDAQ 100, along with basic information about the market.

What is NAS100?

Invest in ETF Nasdaq, an investor buy or sold an etf fund nasdaq 100. American index.

As an index, the Nasdaq 100 Index (NAS100) contains the 100 companies that trade the most on the Nasdaq stock exchange. The index includes companies from the technology, retail, and healthcare sectors.

The Nasdaq Stock Market is the world’s largest stock exchange and stands for “National Association of Securities Dealers Automated Quotations.” Several companies regularly appear on the list, including

  • Adobe
  • Amazon
  • Apple
  • Facebook
  • Fox
  • Intel
  • Microsoft
  • Netflix
  • Tesla
  • Walgreens

Companies must publish quarterly and yearly reports to make a list, and their shares must trade at least 200,000 times a day. A review of the list is conducted every year. There are ETFs (exchange-traded funds) and CFDs (contracts for difference) available for all companies on the NAS100 between 9:30 and 16:00 (EST).

Since an ETF owns shares of the index, its value is the same as the index. Traders can also buy individual shares using this method.

CFDs are highly leveraged with small trade margins. A CFD does not give you ownership of the share. In this case, you speculate on how prices will rise and fall. To earn a living, you must be able to predict the game’s outcome accurately.

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4.9 stars from 333 ratings

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CySEC, FCA, FSA, FSCA, LFSA

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AvaTrade Broker Review
4.8 stars from 785 ratings

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FSCA, ASIC, B.V.I FSC, FSA

up to $2000

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71% of retail investor accounts lose money when trading CFDs with this provider.

What are NASDAQ brokers?

NAS100 brokers in South Africa provide online trading platforms with which you can buy and sell NASDAQ listed companies and NASDAQ indices. A NASDAQ trade is submitted electronically by buyers and sellers via their NASDAQ brokers, which are then routed to the exchange through hundreds of computers.

NAS100 brokers’ list

This list contains some of the best brokers offering NAS100.

1.  Exness

As of 2008, Exness is the top broker with NAS100 on the forex market. Their websites attract many professionals due to the potential for large trading profits. Also, their MT4 platform has been updated recently, which has led to steady growth.

With the new version of MT5, this platform can rapidly carry out various innovative functions. Additionally, it is easy to use because you can register, track statistics, and trade with it. This allows both large- and small-scale transactions to be supported.

With Exness, you can trade forex and CFDs regulated by the FSCA. Additionally, the company is regulated by the Financial Services Authority and CySEC, both top-tier regulators. The company offers CFD instruments on the NASDAQ under the name USTECm.

Trading the NAS100 with Exness

NAS 100 CFD instruments are offered by South African CFD broker Exness at different spreads and features. A CFD based on the USTEC 100 stock index is also available in South Africa, which lets traders speculate long and short on the index.

The following steps will guide you through trading NASDAQ on Exness.

  • Get started by creating an Exness account
  • MT4/MT5 can be downloaded and logged in
  • You can open a trade by double-clicking on NASDAQ (USTEC) under the “market watch” section.

Exness offers CFDs on the US Tech 100 index under their standard account, i.e., USTECm, with typical spreads of 4.2 pips per contract and margin requirements of 1%.

A commission-based zero spread account at Exness has a spread of 1.5 pips per lot for the US Tech 100 index. There is, however, a bit of a price premium for this instrument at Exness.

Furthermore, the broker offers a variety of payment methods with a minimum deposit of $1, including local bank transfers in South Africa. NASDAQ index prices are calculated during aftermarket and premarket hours of the NASDAQ index (14:00-19:30 EST) and 9:30-16:00 (EST) trading hours for Exness NASDAQ 100.

Using Exness, you can trade NASDAQ stocks and monitor USTEC charts at any time.

Pros

Cons

The United Kingdom regulates this company, Cyprus, Seychelles, South Africa, Mauritius, the BVI, and Curacao. Accounts with multiple currencies are not available.
Money is held in segregated accounts for clients.
Broker-in-charge of dealing desks.
There is a tight spread.
Multiple trading platforms and 130+ currency pairs.

4.6 stars from 301 ratings

up to 10%

With 107 currency pairs, Exness provides leading coverage. Exness has a maximum leverage of 1:2000 and a low minimum deposit.

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CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

2.  XM

With more than 50 million clients worldwide, XM is an internationally recognized and renowned investment company among the best NAS100 brokers. However, it was established in 2009 and has become one of the world’s premier organizations. In addition, over sixty thousand professionals have over thirty years of combined experience on the XM financial team.

XM also avoids requoting and rejecting orders, making trading easy and reliable. Furthermore, 99.35% of trades are executed instantly.

ASIC, IFSC, FCA, CySEC, and DFSA are some regulatory bodies overseeing XM, headquartered in Australia, Belize, and Cyprus. The broker must also maintain separate accounts for the funds held under its regulatory framework.

Trading the NAS100 with XM

Cash and futures CFDs are available for NASDAQ (US100) on XM. An index of the 100 most active and most prominent publicly-traded companies on NASDAQ measures trading activity.

The index includes retail, industrial, medical, and biotechnology companies. It remains, however, one of the benchmark indexes for US technology stocks.

The NASDAQ 100 index provides substantial exposure to daily fluctuations and market prices. The NASDAQ is currently regulated by the US authorities and Federal Exchange rules in addition to its volume and volatility.

NASDAQ 100 markets typically trade between 9:30 and 16:00 (EST), though the index price is calculated premarket (3:00-9:00 EST) and post-market (20:00-22:00 EST). XM provides 24×7 access to NASDAQ 100 chart monitoring and NASDAQ 100 trading.

There are no extra commissions or fees when you trade with XM. Aside from this, the brokerage firm has lower margin requirements than other firms in its industry and spreads as low as 2.2 percentage points.

Live support is available to you 24/7, five days a week, from your account manager. The company offers numerous educational resources, including free webinars, video tutorials, and trading signals.

What else do you know?

Further, you will not need to change accounts to explore other markets. Using the same login, you can trade forex, commodities, stocks, metals, and energy. With a well-regarded provider in the industry, you can trade the US100 and other stock indices.

Here’s something to keep in mind:

With XM, you can be confident that they comply with international regulatory standards and are regulated by authorities such as the ASIC in Australia, the IFSC in Belize, and CySEC in Cyprus. Moreover, they offer fair execution and transparent pricing.

Pros

Cons

A low withdrawal fee. An inactivity fee is charged.
Open an account quickly and easily. Average spreads on forex.
There are no fees for withdrawals.
A great collection of educational resources and tools.

4.2 stars from 300 ratings

up to 100%

XM is a gloabbly recognised Forex broker with clients in over 196 countries. They offer a wide range of account currencies...

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CFD service. Your capital is at risk.
69% of retail investor accounts lose money when trading CFDs with this provider.

3.  Avatrade

Multiple financial organizations regulate AvaTrade’s CFD and forex trading, including the Australian Securities and Investments Commission, the Central Bank of Ireland, and the Financial Futures Association of Japan.

AvaTrade offers low spreads, making it an excellent CFD broker for day traders. For example, almost all currency pairs can be traded with less than one pip spread.

Along with its tight spreads, AvaTrade’s CFD broker doesn’t charge any commission for trading CFD assets. AvaTrade provides access to thousands of financial instruments for trading. CFDs and forex aren’t the only options available with CFDs.

Bonds, indices, cryptocurrencies, and futures can also be traded. Therefore, AvaTrade can cater to your needs if you are interested in a particular market.

Our thorough review of AvaTrade shows that the company offers multiple trading platforms. Trading can be done using the following methods:

  • You can trade from anywhere with AvaTrade’s Webtrader and mobile trading app.
  • MetaTrader 4, MetaTrader 5, and other platforms are available from third parties
  • The AvaOptions platform offers full-featured binary options trading

Trading NAS100 with AvaTrade

AvaTrade offers CFD trading on US Tech 100 components for South African traders. To better understand price movements concerning the components of the NAS 100 index, it is necessary to combine technical and fundamental analysis.

Using CFDs, you can trade the entire index or individual components of the index. Derivatives trading offers advantages over traditional buying and selling options.

To start with, traders don’t need to wait for the underlying asset to increase in value to reap profits. CFDs can generate ROI regardless of price movement, so long as they are called accurately.

South Africans may trade Nasdaq 100 during the trading hours of 0930 hrs ET to 1600 hrs ET (1630 hrs SAST to 2300 hrs SAST) on weekdays. Premarket trading is also available from 0400hrs ET to 0930hrs ET (1100hrs SAST to 1630hrs SAST) before the market’s opening.

AvaTrade’s platforms are compatible with desktops, tablets, and smartphones and allow you to buy, sell, and trade stock indices like the NASDAQ 100.

Simply put, through this interface, you will have access to various markets to create a balanced portfolio.

Pros

Cons

A broker specializing in forex and CFDs. A high fee for inactivity.
CFDs on a variety of stock indexes, ETFs, and commodities.
AvaTrade users have access to the ZuluTrade and DupliTrade social trading.
It provides AvaSocial, a social trading application for mobile devices.
Fees and spreads for CFDs are low.

4.8 stars from 785 ratings

up to $2000

AvaTrade is truly a global broker, regulated across 5 continents. Their Cryptocurrency markets are available for trading 2...

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CFD service. Your capital is at risk.
71% of retail investor accounts lose money when trading CFDs with this provider.

4.  Hotforex

HotForex offers trading services under FCA, FSCA, and CySEC regulations. South African traders can trade CFDs and futures on the US Tech 100 index (USA100). Spreads on CFDs of the NAS 100 average 2.03 pips per lot, with leverage ratios up to 1:50.

HotForex offers the same spread for all 4 account types when trading the USA100 CFD instrument. Spreads are charged only for overnight positions with this instrument. No commissions are charged. At HotForex, you must deposit at least $5.

You can deposit and withdraw funds locally via bank transfer in ZAR. Your account base currency can either be ZAR or USD. HotForex offers good customer support. There is a live chat feature on their website available during the weekdays, and we had no significant connection delays.

Trading the NASDAQ 100 with HotForex

The HotForex platform offers you trading opportunities on the leading indices, such as the FTSE 100, NASDAQ 100, and DAX 40, all with the same competitive trading conditions that have made us a leading broker.

The new NASDAQ derivatives trading conditions provide significant benefits for traders. The spreads are lower, there is a margin of 0.5%, and there are 0.1 lots available.

According to HotForex South Africa’s Trading Conditions, the “US Tech 100” CFD instrument is subject to swap charges. If your trading order remains open overnight, fees will be charged at -1.0 for short positions and -1.18 for long positions. A spread is added on top of these fees.

There are limited trading hours for index CFDs on HotForex MT4, unlike forex pairs. Depending on the actual underlying product, trading hours may vary.

The USA100 normally trades from 01:00 – 23:15, while the break takes every day from 23:15 – 23:30.

Pros

Cons

The broker is licensed by the FSCA to trade forex and CFDs. Long and short swap fees for USA100 instruments.
There is a typical low spread of 2.03 pips on NASDAQ 100 CFDs.
There are no fees associated with deposits and withdrawals, and you can fund your account and withdraw funds via local bank transfer if you prefer.
Platforms such as MT4 are available.

4.4 stars from 468 ratings

up to 50%

HotForex is a multi-regulated Forex broker with a low minimum deposit. They offer tight spreads on over 50 currency pairs.

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CFD service. Your capital is at risk.
72.83% of retail investor accounts lose money when trading CFDs with this provider.

How do you invest in the Nasdaq 100?

economy concept of graphic by stock price curve and arrows

By investing in the Nasdaq 100 index, you can gain profits from increasing price movements. You can invest directly in the Nasdaq 100 index, but you can also invest in shares of the 100 non-financial companies or exchange-traded funds (ETFs).

Due to the lack of leverage provided for Nasdaq 100 positions, investors must put up the entire value of their position.

Investing in the Nasdaq 100 index through ETFs

The price of the Nasdaq 100 index is tracked by ETFs, which track the underlying asset price. An ETF typically contains shares of companies not in the financial sector and is represented in the Nasdaq 100 index. The exposure you would gain from buying Nasdaq 100 shares will be replicated by purchasing ETF shares.

Investing in the Nasdaq 100 index through stocks

An alternative way of investing in the Nasdaq 100 is buying individual stocks that make up the index. Stocks become your property when you buy them. Most Nasdaq 100 index investors focus on Apple and Microsoft stocks when gaining exposure to the index.

With the Nasdaq 100’s market capitalization-weighted, more prominent tech companies will significantly influence the index’s performance and impact the index performance more significantly.

Nasdaq 100 tracker funds

A Nasdaq 100 tracker fund can also be an effective way to gain exposure to the index. In much the same way that index funds track the performance of the underlying index, tracker funds do the same.

Tracker funds are inversely correlated to the Nasdaq 100 index, so their value depends on their price movement. The tracker fund value rises whenever the Nasdaq 100 index price rises.

Why trade the Nasdaq 100?

It is popular among the online investing community to invest in and trade the Nasdaq 100 index since it includes the 100 largest non-financial companies listed on the NASDAQ trading exchange. It is also among the most widely followed indexes.

CFD trading with this provider loses money for 67% of retail investor accounts. The risk of losing your money is too high to take without considering whether you can afford it.

Day traders also benefit from the Nasdaq 100’s high liquidity levels, which allow them to open and close positions with cheap costs due to very tight spreads.

What drives the Nasdaq 100?

Many factors influence stock markets, including

  • Macro factors (e.g., GDP, unemployment, business indicators, etc.)
  • Economic factors (e.g., quantitative easing, rate movements, yield curve, etc.)
  • Technical factors (e.g., new highs),

Nasdaq 100 investors should also be aware of speculative bubbles. Stocks on the Nasdaq, for example, soared during the 1990s amid speculative interest. In the wake of the bubble burst, companies that were worth only millions a short time ago achieved multi-billion valuations. The coming and going of it are easy.

Next, if you are a short-term NDX trader, you will need to be aware of news flow and data releases since they can impact the index dramatically.

An FOMC meeting and the release of its minutes are also essential to watch out for. In the SPX, any change in interest rates beyond market expectations can cause violent swings.

Prices may swing massively after an announcement if investors had expected a 0.25% increase, but the central bank increased it by 0.5%. It is essential to study how these factors affect the market.

Key factors to consider when choosing a NAS100 broker

It can be challenging to choose a NAS100 broker. There is no point in simply searching Google and selecting the first result. There is a lot to learn and research about this.

It is assumed that you consider trading because you are interested in making more money, preparing for the future, or turning it into a career. NAS100 brokers in South Africa can assist you, but your cash must be in the right hands.

Any trading broker should meet the following criteria:

  • Be sure to check where the company was founded and how it is regulated. Are there any protection policies in place?
  • Does it have a stock exchange listing?
  • Does the broker provide the customer service you require?
  • In what ways do the desktop, mobile, and web platforms differ? Can they be easily used and understood?
  • Does the broker provide various tools to trade?
  • In what ways do the educational tools differ?
  • Does the minimum deposit and fee level work for you, or will you be stretched?
  • What do other reviewers say about brokers? Make sure that you check at least five different review sites to find out if there are any hidden issues.

You need to consider these factors when choosing a NAS100 broker:

  • Experience of at least two years
  • At least 15 employees work in customer support.
  • Regulatory – US authorities regulate not all brokers. It is up to you to decide the importance of having a regulator. Would you be satisfied with a foreign authority?
  • Within three days, deposits and withdrawals can be processed. This demonstrates its ability to grow and trade and opens up the possibility of trading in different currencies. There are brokers with an international presence who speak your first language if English is not your first language.

Our verdict

According to our review, the two most competitive CFD brokers offering NAS100 and US Tech 100 CFD index instruments are Hotforex and Exness. With similar contract sizes and lots, Hotforex typically charges 2.03 pips for NASDAQ 100 CFDs, while Exness charges 5.67 pips.

HotForex CFD indexes for the NASDAQ are available on HotForex at the lowest spreads. Typical spreads for HotForex with all account types are 2.03 pips for 1 contract. For 1 contract with 0.01 USD price fluctuation, this is significantly lower than Exness (5.67) and XM Broker (as low as 1).

Furthermore, Hotforex doesn’t charge any additional fees for deposits or withdrawals. Compared to other brokers, they charge relatively low fees to trade NASDAQ CFDs.

An authorized broker can offer CFD trading on NASDAQ 100. The majority of FSCA-licensed forex brokers offer NAS100 and US Tech CFD instruments. Trading CFDs is risky and only suitable for professionals. NASDAQ 100 (USA100) must be traded as a CFD via FSCA-licensed brokers, so you must fully understand how CFD trading works.

Bottom line

It is essential to ensure that the NAS100 broker is regulated by an authority of the highest standing, such as the FSCA, FCA, etc. FSCA-regulated brokers can only be used in South Africa.

The brokers on our list are reputed FSCA, FCA, or CySEC-regulated forex & CFD brokers. A regulated CFD broker ensures that your funds are safe and won’t be misused by the broker as long as you only trade with them.

Traders in South Africa who trade with an unregulated broker are at high risk since they cannot comply with the FSCA’s policies.

Review the overall trading and non-trading fees for the NASDAQ 100. CFD brokers may also charge swap fees for long and short positions. However, you should know that trading the NASDAQ 100 is risky and is only suitable for professionals.

Trading the NASDAQ 100 (USA100) instrument as a CFD via any FSCA-licensed broker requires a complete understanding of how CFDs work.

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