The Best 11 NAS100 Brokers in 2024

List of Top 11 NAS100 Brokers for October 2024

Here are our top picks:

1. Plus500 – Easy to Use NASDAQ 100 Broker
2. Pepperstone – Best Broker to Trade NAS100 with No Minimum Deposit
3. eToro – One of the Top NAS100 Brokers Regulated by FCA
4. AvaTrade – Among the Leading Brokers with NAS100 on MT4
5. IG – One of the Best NAS100 CFD Brokers
6. Vantage Markets – One of the Top NASDAQ Brokers with Meta Trader Add-ons
7. Saxo – Best range of instruments
8. XTB – One of the Best NASDAQ 100 Brokers with Low Forex Fees
9. Moneta Markets – NAS100 Broker Regulated by CIMA
10. Freedom24
11. ActivTrades – One of the Best Brokers with NAS100

Comparison Chart of Top 11 NAS100 Brokers for October 2024

51% of retail investor accounts lose money when trading CFDs with eToro. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Description of the Best NAS100 Brokers for October 2024:

Best for: Ease of use and user experience

Plus500 instruments are available for trading exclusively via CFDs and the service offered on the platform is CFD-based.

Plus500 is a well-known online trading platform that provides access to various financial instruments, including indices like NAS100.

Plus500 has one of the best mobile trading platforms, with the web version following close behind. There is no desktop app.

It trades only in CFDs, with fees sitting in line with industry averages.

CFDs allow you to speculate on the price movements of the NAS100 index without owning the actual underlying assets. This means you can potentially profit from both upward and downward price movements.

Fees are charged for the following:

• Overnight funding – When holding a position after a certain time.
• Currency conversion fee – For all trades on instruments in different currency to your home currency.
• Inactivity fee – Up to USD 10 per month if you do not log in to your account for a period of 12 weeks.
• Guaranteed stop order fees
• Regulated by CySec, FCA, ASIC, MAS, FSA, EFSA, DFSA.

There is 24/7 support with Whatsapp, email and a live chat function.

$100 minimum deposit is required, and there are inactivity charges.

Best for: Forex traders and customer service

Pepperstone is a well-established forex and CFD broker that offers a variety of trading instruments, including the NASDAQ 100 (Nas100) index CFD.

There is no minimum deposit, and Pepperstone offers low CFD trading fees.

As a platform, it is customizable and easy to use.

Pepperstone offers trading ideas and some market analysis, but the research tools are basic compared with other platforms.

Educational tools include:

• Demo account
• Trading glossary
• Wide range of videos and articles

The below content does not apply to US users

Best for: Social trading

Founded in 2007, eToro is considered a very low-risk broker as it is highly regulated by the Financial Conduct Authority (FCA) in the UK and many other regulatory bodies elsewhere.

eToro offers the ability to trade the NASDAQ 100 (Nas100) index as a Contract for Difference (CFD) on its platform.

When you trade the Nasdaq 100 CFD on eToro, you are speculating on the price movements of the index without owning the underlying assets.

eToro has a minimum deposit of $200 and offers average fees for CFD trading – 2.4 points.

eToro’s USP is its social trading function, which allows the user to copy another trader’s trade. A useful tool for those who are new to trading or wanting to learn good trading habits.

The function also allows you to showcase your trading skills. If you are looking to establish yourself as a professional trader, this is the platform for you.

To find out more, read our eToro review.

51% of retail investor accounts lose money when trading CFDs with eToro. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Best for: NAS100 on MT4

AvaTrade is a CFD Regulated broker with +1,000 financial instruments and multiple trading platforms. It has been operating since 2006.

Mínimum deposit of $100, no withdraw limit and no fees.

AvaTrade provides access to a wide range of financial instruments, including the Nasdaq 100 index CFD. This allows you to diversify your trading portfolio and take advantage of opportunities in global markets.

AvaTrade's trading platform provides advanced charting tools, technical indicators and real-time data for analyzing the Nasdaq 100 and making informed trading decisions.

AvaTrade provides educational materials, webinars and resources to help traders learn about trading strategies, market analysis and more. This can be especially valuable for those looking to trade the Nasdaq 100 effectively.

The Nasdaq 100 is composed of some of the largest tech companies in the world, leading to potentially significant price movements. This volatility can present trading opportunities for skilled traders.

Trading the Nasdaq 100 CFD with IG provides access to a well-established trading platform, advanced charting tools, real-time data, and other features that can assist you in analyzing and executing trades on the index.

IG offers a diverse range of financial instruments, including the NAS100 index. This allows you to access multiple markets and potentially diversify your trading portfolio.

IG is regulated by reputable financial authorities, which can provide a sense of security for your funds and trading activities. Regulation ensures that the broker adheres to industry standards and follows certain guidelines.

IG typically offers educational resources, such as webinars, articles, and tutorials. These resources can help you improve your trading skills and stay updated on market trends.

Good customer support is crucial for any trading platform. IG often provides responsive and helpful customer service to address your queries and concerns.

IG has a global presence, which can be advantageous if you're interested in trading NAS100 from various regions around the world.

24/7 excludes the hours from 10 pm Friday to 8 am Saturday (UK time), and 20 minutes just before the weekday market opens on Sunday night.

Best for: NASDAQ with Meta Trader Add-ons

Vantage Markets was founded in 2008 to be a transparent forex broker and has grown to include 40+ forex pairs and over 1,000 different assets including EFTs.

As a broker, Vantage Markets is well-regarded and considered safe thanks to regulation by ASIC, FCA and VFSC.

Vantage Markets offers access to the markets through the popular MT4 and MT5 platforms, and a feature-stuffed mobile app.

There are three account types:

• Standard STP: Perfect for novices, this is a no-commission account that works across all trading instruments, with a minimum spread of 1.0 pips. The minimum deposit is $50.
• Raw ECN: Designed for more experienced traders, this account charges commission at $3 per lot per side but the spreads start at 0.0 pips. The minimum deposit is $500.
• Pro ECN: This is for professional, high-volume traders, and offers commission at $1.5 per lot per side, with spreads from 0.0 pips. The minimum deposit is $20,000.

Vantage Markets is seen as a good, reliable broker that offers social and copy trading – without being prohibitively expensive in terms of non-trading costs or commission.

Vantage Markets offers access to the most liquid stock exchange indices including NAS100. The spreads offered on NAS100 are on average $0.80 and can be as low as $0.40 during the UK/US sessions. Trading can be performed through the MT4 or MT5 account, with leverage up to 0:500 and just a $200 minimum deposit.

Saxo stands out as one of the best NAS100 brokers, offering an impressive array of trading instruments and a robust trading platform that caters to a variety of financial markets, including forex, CFDs, futures, commodities, and more.

Saxo provides a broad selection of trading instruments. For NAS100 index traders, Saxo offers direct exposure through CFDs, which are part of over 8,000 instruments available on the platform. This includes indices, where traders can find tight spreads and low commissions, enhancing the trading experience and profitability.

For NAS100 index traders, Saxo’s competitive entry prices are particularly advantageous. Tight spreads start as low as 0.4 pips for major FX pairs, which reflects Saxo’s pricing competitiveness across its offerings. Additionally, active traders benefit from even lower rates, making it an attractive option for those who trade frequently.

Saxo’s trading platform is designed to cater to the needs of advanced traders who require a range of tools and features. This includes options for futures trading on the NAS100 and other indices, where traders can access more than 250 futures from 25 global exchanges. The platform's integration of advanced tools like futures spread trading and depth trader enhances decision-making capabilities.

With tier-1 liquidity, Saxo provides higher fill rates, which are crucial for trading indices like the NAS100. This ensures fewer premature stop-outs and significant price improvements, which can greatly affect the outcome of high-volume index trading.

Saxo incorporates robust risk management tools that allow traders to manage their exposure effectively, especially important in the volatile environments often encountered in index trading. This includes options to set stops and limits and the ability to monitor positions closely via the platform.

Saxo caters to traders around the globe by offering the flexibility of extended trading hours. This feature is particularly beneficial for NAS100 traders who may wish to capitalize on market movements that occur outside of standard trading hours in the U.S.

For those looking to keep a pulse on market dynamics, Saxo’s "Market Movers" feature provides insights into the day's biggest gains and losses across various markets, including indices like the NAS100. This can help traders gauge market sentiment and make informed trading decisions.

Best for: Low forex trading fees

XTB is considered a reputable broker with a range of offerings that can be suitable for trading NAS100.

XTB provides access to a variety of financial instruments, including indices like NAS100. This can allow you to diversify your trading portfolio.

XTB’s web, desktop and mobile trading platforms are all user-friendly with good customization.

It trades in forex and CFDs with generous forex fees but high CFD fees.

There is no minimum deposit, and account opening is quick and easy – some European countries require further verification.

Research and education tools are excellent, with a demo account to get you started and plenty of different learning products.

Having survived the last global recession, XTB is considered safe and reliable. It is also transparent with its financial statements.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best for: Regulated by CIMA

Moneta Markets was founded in 2009 and is regulated by ASIC and FCA. With Moneta Markets, users can trade forex as well as indices, like NAS100, commodities and share CFDs with just a $50 minimum deposit.

There are three trading accounts available, depending on whether you want to pay a commission and get tighter spreads or have the trading costs built into the spread. This means that True ECN accounts have a commission cost of $6 per lot, but spreads that start at 0 pips on Forex, while STP and Prime accounts have the fees built into the spread.

With Moneta Markets, traders can choose to use MetaTrader 4 and 5, as well as the proprietary WebTrader and AppTrader platforms (available for web and mobile use respectively).

MT4/5 are well known great platforms for traders with outstanding research, tools and algorithmic trading available.

The proprietary platform has a simple user interface. While that is great for beginners, there is not as much depth in the platform for those who are more advanced.

Trading tools are not integrated, and both the mobile and web app could do with some updating to be as reliable and usable as other proprietary platforms offered by similar brokers.

There is a demo account available, which allows traders to practice their strategies and work out how best to use all the functions of the platform.

The research on the platform is almost entirely third-party – other than the Moneta TV YouTube channel which has daily market briefings.

However, if you are using the MetaTrader suite there is a lot of research and analytics available through Trader Central, so the lack of in-house research on the Moneta Markets platform might not be too much of a problem.

There is an extensive Masters Course, which is a series of more than 100 videos that are suitable for beginners through to advanced traders, covering many topics and in different categories and they can be viewed and used completely independently.

The customer service on Moneta Markets is available 24/5, through email, phone and live chat.

Freedom24 is a subsidiary of Freedom Finance which is publicly traded on NASDAQ, being a US-based financial services company regulated by the SEC in the US, and CySEC in Europe. Aimed at traders who want access to multiple different trading instruments, Freedom24 offers more than a million trading instruments, including stocks, options, ETFs, and futures – although no commodities or cryptocurrencies.

There are several different account types to choose from, and new customers can take advantage of a 30-day account with no commissions. Opening an account usually takes less than 15 minutes and you can start trading straight away, or practice first with the demo account.

For beginner traders, there is plenty of helpful information, advice, and learning resources available – including access to some of the Freedom Finance professionals if you have a specific question that needs answering. Customer service is excellent and available through email, over the phone, or using live chat.

Research tools available on the platform include market depth and tick charts, different price charts, and yield charts, as well as automated investment statistics calculation and backtesting for tech analysis strategies. On the web trading platform and the mobile app, you can place trades directly from the chart, which makes it more intuitive to use.

Best for: NAS100

ActivTrades offers traders the ability to trade the NAS100 index, which represents the top 100 non-financial companies listed on the NASDAQ stock exchange. This index includes prominent technology companies like Apple, Amazon, Microsoft and more.

ActivTrades provides traders with different trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms offer advanced charting tools, technical indicators, and expert advisors for automated trading.

Like many brokers, ActivTrades offers leverage when trading the NAS100 index. Leverage can amplify potential gains, but it also increases the risk of losses. Traders should use leverage cautiously and ensure they understand its implications.

ActivTrades typically offers competitive spreads on NAS100 trading. It's important to be aware of any trading fees, spreads and overnight financing charges that may apply to your trades.

ActivTrades is regulated by reputable financial authorities, which can provide a level of security and trust for traders. Regulation ensures that the broker follows industry standards and guidelines.

Spread betting allows UK residents ONLY to trade the prices of financial instruments, including forex, indices, commodities and LSE shares.

What Is NAS100?

The Nasdaq 100 Index (NAS100) is a list of the 100 most actively traded companies on the Nasdaq stock exchange.

It includes non-financial companies from sectors such as technology, retail and healthcare.

Nasdaq stands for ‘National Association of Securities Dealers Automatic Quotations’ and is the largest stock exchange in the world.

Companies that regularly feature on the list include:

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

To be included on the list, companies must publicly publish quarterly and yearly reports and maintain a daily trading volume of 200,000 shares.

The list is reviewed once a year.

All the companies listed on the NAS100 are traded with ETFs (exchange-traded funds) and CFDs (contracts for difference) during the hours of 9:30–16:00 (EST).

An ETF has the same value as the index because the ETF has shares in the index. This also allows the trader to buy individual shares.

CFDs have high leverage value and small trade margins. With a CFD, you do not own the share. Instead, you speculate on the rising and falling prices. Your income arises from your ability to predict the outcome correctly.

Reasons to Trade NAS100 in 2024?

There are many reasons why choosing to trade on the NASDAQ 100 might be a good idea, and these are the same reasons that experienced and professional traders will trade here, too.

Some of the benefits of the NAS100 include:

• Exposure to tech businesses – The NAS100 contains many of the world’s largest technology companies, which is why it is so globally popular as an index. Technology companies, especially the biggest ones, are those that are most likely to see growth, which is important for traders.

• High liquidity – The NAS100 can have billions of trades happening every day, which means that there is a great trading volume. For traders, this means tighter spreads and more access to technical and fundamental analysis – because there is a lot more going on with the index itself.

• Great for diversification – Even though the NAS100 is well-known for the tech businesses, there are a lot of other high-growth industries represented, which means that it is possible to have a diverse portfolio that will protect your investments even if there are problems in a particular business or industry. There are health companies and consumer goods companies to be found here as well as the tech giants.

• Consistency – The NAS100 has been consistent in generating returns, more so than the comparable S&P 500 over the last 20 years. This makes the NAS100 a more reliable place to invest.

• Volatility – While this might seem a direct opposition to the last point, the NAS100 is also more volatile overall. It might not see the fast extreme swings that are elsewhere, but the movement is enough for higher returns overall.

Key Factors to Consider When Choosing a NAS100 Broker

Choosing a nas100 broker is not a simple process. You can’t just search Google and pick the first one that comes up. It is something you need to research and understand.

The assumption is that you are considering trading because you want to make more money, prepare for the future or turn it into a career.

The right nasdaq broker can help with that, but your cash needs to be in the right hands.

When choosing a nas100 broker for any trading:

• Check where it is founded and regulated. What protection policies does it have?
• Is it listed on any stock exchange?
• How transparent is it with financial reporting?
• What type of customer-service support do you need, and does the broker offer that?
• How do the web, desktop and mobile platforms look and feel? Are they easy to use and understand?
• What research tools are available?
• How do the educational tools compare?
• Are the minimum deposits and fees at a level you can work with, or would you be stretching yourself?
• What do the reviews say? Check at least five different review sites for any hidden problems.

When looking for a broker for NAS100 trading, you also need to consider whether it:

• Has a minimum two-year history
• Has a customer support team of at least 15 people
• Falls under regulation – not all brokers are regulated by a US authority. You need to decide how important it is to you to have that regulator. Or are you satisfied with an overseas authority?
• Can process withdrawals and deposits within three days
• Trades in multiple countries – not only does this show its ability to grow and trade, but it opens up trading in different currencies. If English is not your first language, a broker with an international presence may have employees who speak your language.

Trading the NASDAQ index involves participating in the stock market by buying and selling shares of companies listed on the NASDAQ stock exchange.

The NASDAQ index is composed of many technology and internet-related companies, making it a popular choice for traders interested in this sector.

Here are some steps to consider when trading the NASDAQ index:

What Is the Difference Between NASDAQ and NYSE?

NASDAQ (National Association of Securities Dealers Automated Quotations) and NYSE (New York Stock Exchange) are two of the largest and most well-known stock exchanges in the world.

NASDAQ is an electronic stock exchange, meaning that most of its trading is done electronically through computer networks.

It started as an electronic quotation system in 1971 and later evolved into a full-fledged stock exchange. NASDAQ is known for its technological focus and its listing of many technology companies.

NYSE, also known as the "Big Board," is a physical trading floor-based exchange. Traders gather on the trading floor to conduct transactions. While it has incorporated electronic trading, it still has a significant physical presence.

What Is the Difference Between S&P and NASDAQ?

S&P refers to Standard & Poor's, a financial services company that provides various indices and ratings used in the financial markets. The most famous index published by S&P is the S&P 500.

NASDAQ refers to the National Association of Securities Dealers Automated Quotations, which is an electronic stock exchange based in the United States. However, when people mention "NASDAQ," they might be referring to the NASDAQ Composite Index.

Frequently Asked Questions

Final Thoughts

Trading from the NAS100 Index comes with some level of security as they are reputable companies with massive customer bases. However, all trading and investing carry risk.

For example, American Airlines was a regular on the NAS100, but the events of 2020 have caused the airline industry to crash.

Though the index has proven successful, the stock market is volatile, unpredictable and dependant on so many uncontrollable factors.

Before making any investments:

• Decide on your short and long-term goals
• Take the time to try out as many demo accounts as you can
• Familiarize yourself with trading best practices, terminology and processes
• Take advantage of all the educational tools
• Never trade more than you can afford to lose
• Listen to your intuition. If something doesn’t feel right or seems too good to be true, take a step back

WikiJob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.