5 best brokers for Nasdaq 100 in South AfricaBy Staff Writer 21 June 2022 | Categories: sponsored content
Within the realm of financial markets, one of the most well-known metrics is the NASDAQ 100. This index takes into account the publicly traded company indices of the world's major publicly traded corporations that are listed on NASDAQ.
In addition to these, there are a great number of other businesses that are included in this classification. There are a few other names for this device, including US TECH 100 and NAS 100.
A variety of foreign exchange (Forex) and contract for difference (CFD) brokers make the NASDAQ available as an instrument that may be traded with a wide variety of spreads and features.
In this article, we take a look at the top five brokers that provide clients with access to the Nasdaq and outstanding trading conditions.
1. IFX Brokers
Trading platforms such as MetaTrader 4, MT4 Mobile, and MT4 Web are all offered by IFX Brokers.
When it comes to order execution, IFX Brokers can act as both an A-book and a B-book broker for its clients (market maker). IFX Brokers can help you trade currencies, CFDs, and commodities, as well as provide access to the Nas100 in an FSCA-regulated trading environment.
2. HF Markets
The FCA, the Financial Services, and the Cyprus Securities and Exchange Commission are among the regulatory bodies that oversee the STP broker HF Markets.
With HF Markets in South Africa, customers have the option of trading contracts for difference (CFDs) as well as futures on the US Tech 100 stock index.
Tickmill is recognised as a leading Nasdaq Forex broker in South Africa and is regulated by the Financial Sector Conduct Authority (FSCA). The NASDAQ ticker symbol that is used by this broker for trading on the NASDAQ platform is USTEC.
They offer a maximum leverage of 1:100 and a mean spread of 1.93 for contracts with a size of 0.01 lot per.
On the XM platform, NASDAQ CFDs can be acquired for a minimum of one hundred United States dollars. The highest leverage that can be applied to this instrument is 1:100.
Due to the fact that the company's many account types only require a minimum deposit of $5, XM is consistently ranked as one of the most cost-effective NASDAQ Forex brokers.
Exness, a market maker FX and CFD broker, is licensed by the Financial Conduct Authority (FCA), the Financial Services and Conduct Authority of Australia (FSCA), and the Cyprus Securities Exchange Commission (CySEC).
Exness provides CFDs with a standard margin requirement of 1 percent and an average spread of 5.67 percent per lot for 1 Mini Lot Contract. Traders can use these CFDs to speculate on the performance of the US Tech 100 index.
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