Best Brokers with NASDAQ South Africa 2023

Here are the 10 best South African brokers with NAS100 trading for 2023:

Libertex – Best Broker for Trading NASDAQ 100 with MetaTrader
AvaTrade – User-friendly NAS100 Trading Platform
IG – Best Broker for NASDAQ Spread Betting
FXCM – Best Broker for NASDAQ 100 Algo Trading
Pepperstone – Best cTrader Broker for NASDAQ
CMC Markets – Top Mobile Platform for NAS100 Trading
FXTM – Best Broker with NASDAQ Trading with High Leverage
Exness – Start Trading NAS100 with 15 ZAR Deposit

1. Libertex – Best Broker for Trading NASDAQ 100 with MetaTrader

If you want to use MetaTrader 4 or 5 as your trading platform, Libertex is one of the top MT4 brokers in South Africa. You can use the MT4 or 5 desktop, web, or mobile apps, or take advantage of Libertex’s proprietary web and mobile trading platform for quick trades.

What’s unique about Libertex is how it charges trading fees. This broker does away with spreads for CFD trading, and instead charges a fixed commission. For the NASDAQ 100 index, you’ll pay a commission of just 0.03% – a fraction of what most South African trading platforms charge in spreads for this index. Libertex offers trading on NAS100 CFDs plus a wide variety of global indices, forex pairs, stocks, and commodities.

The platform provides a handful of useful tools for analysis, including a market news feed, economic calendar, and market sentiment gauge. You can also take advantage of price alerts to monitor the market in real-time. Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC). The platform only provides support by email at this time.

Pros:

Supports MT4 and MT5 platforms
Fixed commissions from 0.03%
Market sentiment gauge for NAS100 CFDs
Excellent mobile apps
Regulated by CySEC

Cons:

Inactivity fee after 6 months

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2. AvaTrade - User-friendly NAS100 Trading Platform

AvaTrade is one of the best brokers that trade NASDAQ if you’re looking for a trading platform that doesn’t have a steep learning curve. This broker’s custom platform for web and mobile is incredibly easy to get started with, yet it provides dozens of technical studies for an in-depth analysis of price movements.

The key to AvaTrade’s user-friendliness is that it puts everything you need in one place. You can monitor your watchlist at the same time as you plot out technical indicators on the NASDAQ chart. You can also access support via live chat from within the trading platform, and place orders without ever leaving your charts.Another thing we like about AvaTrade is that it offers excellent tools for risk management. You can place not only limit and stop-loss orders, but also guaranteed stop orders that lock in a sell price for your trade.

AvaTrade offers low spreads from just 1 pip for NAS100 trading, which is very inexpensive. However, watch out for the platform’s inactivity fee, which kicks in after just 3 months and is much more expensive than the industry average.

AvaTrade is regulated by the Central Bank of Ireland and the Financial Sector Conduct Authority (FSCA) in South Africa.

Pros:

Seamless user experience
Live chat support available from within trading platform
Supports guaranteed stop orders
NAS100 spreads from 1 pip
Regulated in South Africa

Cons:

Higher than average inactivity fee
No market news feed

Visit AvaTrade

Your capital is at risk.

4. IG - Best Broker for NASDAQ Spread Betting

IG Logo IG is one of the most advanced brokers in South Africa for NASDAQ trading. This platform offers both CFD trading and spread betting, and traders can move seamlessly between the two types of trading. CFD trading around NAS100 carries a spread of 1 pip and you can trade with leverage up to 200:1.

IG offers several different trading platforms for you to choose from, including MT4 and ProRealTime. While many traders love MT4, ProRealTime is just as customisable and noticeably easier to use. Importantly, it supports algorithmic trading for NAS100 CFDs and you can backtest your trading strategy using over 30 years of price data.

Another benefit to this broker for NAS100 trading is that it offers trading signals when you sign up. IG’s signals are developed by Autochartist, and you simply have to activate a chosen signal to start trading with it. IG’s trading signals can be used in MT4 or ProRealTime, and they’re available on through the mobile apps as well.

IG is regulated by the UK’s FCA. The broker offers 24/5 customer support by phone, email, and live chat.

Pros:

Supports both CFD trading and spread betting
200:1 leverage for NAS100 CFD trading
Choose between MT4 and ProRealTime platforms
Includes access to trading signals
Regulated by the FCA

Cons:

Swap fees can be above average
4,500 ZAR minimum deposit for credit cards

Visit IG

Your capital is at risk.

5. FXCM - Best Broker with NASDAQ 100 Algo Trading

FXCM is a UK-based CFD trading platform with a lot to offer for South African traders. This brokerage offers trading on dozens of global indices, including the NASDAQ 100, with leverage up to 200:1. Even better, spreads for NAS100 trading start at just 1 pip.

What sets FXCM apart is that it has a trading platform for every trader. With this brokerage, you can choose between Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, TradingView, and Capitalise AI. Nearly all of these platforms support custom trading signals and enable you to set up algorithm trading for NAS100 CFDs. Capitalise AI in particular offers automation without needing to code.FXCM also offers good trading resources that blend education and analysis. You can learn about popular trading strategies, for instance, and then sign up for an interactive trading class that will send you SMS trade alerts. The broker also offers a heat map tool to highlight top market movers and integrated trading signals.

FXCM is regulated by the UK FCA and the South Africa FSCA. The company offers phone, email, and live chat support, but only during trading hours.

Pros:

NAS100 spreads from 1 pip
Trade with leverage up to 200:1
Wide variety of trading platforms to choose from
Integrated trading signals
Regulated in South Africa

Cons:

Doesn’t accept PayPal deposits
Support only during trading hours

Visit FXCM

Your capital is at risk.

6. Pepperstone - Best cTrader Broker for NASDAQ

Pepperstone is the best broker with NASDAQ if you want to use cTrader as your trading platform. The cTrader trading platform offers more than 70 technical indicators, automation features, algo trading, and mobile apps for iOS and Android. So, it’s perfect for advanced South African traders who want the ability to capitalise on small price movements in the NASDAQ 100 index. Pepperstone also integrates with MT4 and MT5.

Pepperstone offers both CFD trading and spread betting on the NAS100 with spreads from as low as 1 pip. Trades are executed in under 30 milliseconds, which can help you stay one step ahead of the market when trading volume is high. You can even take advantage of a dedicated VPS (virtual private server) if you use a high-frequency trading strategy.

This broker also offers access to advanced trading tools like Autochartist for trading signals and a market scanner to help you find fast-moving instruments. You can also access a social trading network through an integration with Myfxbook.

The downside to Pepperstone is that it doesn’t offer much in terms of education or analysis. The platform does have a market news feed, but it’s not all that comprehensive. So, this broker is best for experienced traders who can craft their own trading strategies.

Pepperstone is regulated by the UK FCA and regulators in Australia, Cyprus, and Dubai. The broker offers 24/7 customer support by phone, email, and live chat.

Pros:

Integrates with cTrader, MT4, and MT5
Spreads from 1 pip
Extremely fast trade execution
Supports CFD trading and spread betting
24/7 customer support

Cons:

Few educational resources
Limited news feed and market analysis

Visit Pepperstone

Your capital is at risk.

7. CMC Markets - Top Mobile Platform for NAS100 Trading

CMC Markets is a global CFD and spread betting platform that offers trading on over 10,000 instruments. That selection of course includes the NASDAQ 100 index, which can be traded from spreads of 2 pips and with leverage up to 20%.

CMC Markets integrates with MetaTrader 4, but its custom Next Generation trading platform is worth a look. This award-winning platform offers 12 different types of price charts plus 115 technical indicators and drawing tools. Even better, Next Generation includes AI-based pattern recognition tools to help you spot setups and automatically draw price trendlines.

The Next Generation platform also includes a social network. You and other traders can comment on an instrument’s chart to point out setups or swap ideas on the direction an asset like the NAS100 is headed. You can place trades right from the charting interface, too, so you never need to leave your analysis window.

CMC Market’s Next Generation platform is available for the web as well as iOS and Android mobile devices. We think it’s one of the best mobile trading platforms for NAS100 trading since it is both comprehensive and very easy to use.

CMC Markets is regulated by the UK FCA and the broker ensures that client funds are held in segregated accounts. The platform offers fast support by phone, email, and live chat 24/5.

Pros:

Trade over 10,000 instruments from around the globe
Next Generation platform includes 115 indicators
Trade directly from your charting platform
Excellent mobile apps using Next Generation platform
Regulated by the FCA

Cons:

NAS100 spreads are slightly higher than other brokers
Inactivity fee after 12 months

Visit CMC Markets

Your capital is at risk.

8. FXTM - Best Broker for NASDAQ Trading with High Leverage

FXTM is one of only a few brokers that trade NASDAQ with leverage higher than 200:1. In fact, this brokerage allows trading on margin up to 2,000:1, depending on the type of account you select. The broker has a wide range of indices and individual stocks to trade, all as CFDs. It's also the best forex broker with ZAR account using ZAR as the base currency.

Figuring out exactly how much trading with FXTM will cost you can be tricky, since the broker charges variable spreads and commissions depending on your account type, balance, and chosen trading platform. When using MT4 as your trading platform, you can expect spreads as low as 1 pip, but you may pay a commission up to 300 ZAR when opening a position.

In addition to MT4, FXTM offers its own trading platform called FXTM Trader. This is only available for mobile devices, and it can be a good option for traders who prioritise technical analysis on the go. The app includes dozens of technical indicators and enables you to manage every aspect of your trading account from your smartphone.A nice thing about FXTM is that your account comes with trading signals and FXTM’s proprietary pivot points analysis. These two tools make it straightforward to find trading opportunities and can be used as the basis for custom trading strategies. FXTM signals can be used with either MT4 or FXTM Trader.

FXTM is regulated by the UK FCA. The broker offers customer support by phone, email, live chat, and WhatsApp, but only during daytime trading hours.

Pros:

Trade with leverage up to 2,000:1
Spreads as low as 1 pip
Supports MT4 and FXTM Trader app
Includes trading signals and pivot points analysis
Regulated by the FCA

Cons:

Variable commission when opening trades
Support only available during trading hours

Visit FXTM

Your capital is at risk.

9. Exness - Start Trading NAS100 with 15 ZAR Deposit

Exness isn’t your average CFD trading platform. This trading platform is designed specifically for professional and institutional traders, so it boasts some incredible specifications. For example, trades are typically executed in 10 milliseconds and the broker offers spreads as low as 1 pip for the NAS100 index.

Still, many of Exness’s tools will look familiar even to non-professionals. The platform integrates with MT4 for charting and analysis, for example. It also offers an economic calendar to help you stay one step ahead of the market.

One standout feature to Exness is that it offers VPS hosting for even faster trading speeds. In addition, you can take a deep dive into the broker’s full quote history to see how your strategy would fare not just against market prices, but against historical bid and ask prices.

Exness is regulated by the UK FCA and the broker offers 24/7 client support. You can start trading with as little as 15 ZAR and there are no deposit, withdrawal, or inactivity fees.

Pros:

Built for professional traders
Ultra-fast trade execution
VPS servers available
Integrates with MT4
Start trading with just 15 ZAR

Cons:

Doesn’t have its own trading platform
Limited analysis tools outside MT4

Visit Exness

Your capital is at risk.

Best Brokers with NAS100 Fees Comparison

How do the best South African brokers with NAS100 trading stack up when it comes to fees? Let’s compare the fees that each of the 10 best brokers with NASDAQ in South Africa charge:

	NAS100 Average Spread	Deposit & Withdrawal Fees	Inactivity Fee
Libertex	0.03% commission	None	150 ZAR per month after 6 months

IG	1 pip	None	180 ZAR per month after 24 months
AvaTrade	1 pip	None	750 ZAR per month after 3 months
FXCM	1 pip	None	750 ZAR per month after 12 months
Pepperstone	1 pip	None	None
CMC Markets	2 pips	None	200 ZAR per month after 12 months
FXTM	1 pip	45 ZAR	75 ZAR per month after 6 months
Exness	1 pip	None	None

What is NASDAQ?

The NASDAQ is an electronic stock exchange based in the US. It is a direct competitor to the New York Stock Exchange, and has slightly different listing fees and requirements. The NASDAQ is home to some of the biggest companies in the US, including tech companies like Amazon, Apple, Microsoft, and Alphabet. NASDAQ

The NASDAQ 100, also known as the NAS100 or sometimes the Tech100, is an index composed of shares of the 100 largest companies on the NASDAQ stock exchange by market cap. The index is weighted by market cap such that the largest companies - Apple, Amazon, and Microsoft - have a bigger impact on how the index’s price changes than smaller companies.

How to Trade NASDAQ

The best brokers with NASDAQ in South Africa typically offer two ways to trade this index: through CFD trading or spread betting.

CFD trading and spread betting each allow you to speculate on the price of an asset - in this case, the NASDAQ 100 instrument - without actually owning the underlying asset.

It is not possible to buy the NASDAQ 100 index outright, since it is a mathematical index rather than a financial asset in its own right. However, you can invest in the NASDAQ index through ETFs that mirror its composition.

One of the benefits of CFD trading and spread betting is that you can trade in either direction. That is, you can speculate that the price of the NASDAQ 100 will rise or that it will fall.

In addition, most brokers that trade NASDAQ CFDs in South Africa allow you to apply leverage to your trade. This increases your potential profitability, but also your potential risk.

NASDAQ Trading Strategies

There are several ways to go about trading the NAS100 index. Let’s take a closer look at some of the most popular strategies:

Swing Trading the NASDAQ

Swing trading involves taking a position on the NASDAQ 100 when the index is trending strongly upwards or downwards. Typically, swing traders look at momentum indicators like MACD (moving average convergence divergence) and RSI (relative strength index) to get a sense of whether the current price trend will continue.

Swing trades can last anywhere from a few hours to a few days. Keep in mind that you will need to pay swap charges if you are holding leveraged NAS100 CFD positions overnight.

Day Trading the NASDAQ

Day trading the NASDAQ can use a variety of different strategies and technical indicators. However, all day trading strategies entail opening and closing a position in a single day, and never keeping positions open overnight. Positions can be open from a few minutes to a few hours.

Day trading has the advantage that it does not incur overnight fees when trading with leverage.

Scalping the NASDAQ

Scalping is a form of day trading that involves buying and selling NAS100 CFDs with high frequency. Typically, scalping traders are capitalising on very small differences in the price of the index - often price changes are as small as 1-2 pips.

Scalping strategies seek to have a high win rate, and traders may place hundreds of trades per day. Scalping trades can be leveraged, and they are never held overnight.

All of the best NASDAQ brokers in South Africa provide the technical analysis tools you need to execute on these strategies. Think careful about what strategy you plan to use and what analysis features you need when comparing NASDAQ 100 brokers.

How to Get Started with the Best Broker for NASDAQ

Ready to start trading with one of the best NASDAQ 100 brokers in South Africa? We recommend Capital a powerful technical analysis platform, and a built-in social trading network.

Let’s take a closer look at how you can get started:

Step 1: Create an Account

The first step to start trading with Capital is to create a new account. You can join using the Capital website or by downloading the Capital mobile app. Just click ‘Join Now’ and enter your name and email to create a new account. You can also sign up using your Google or Facebook login information.

Step 2: Verify Your Identity

In order to comply with the FCA’s anti-money laundering regulations, Capital requires you to verify your identity. Upload a copy of your driver’s license or the photo page of your passport. You will also need to upload a copy of a recent utility bill or bank statement.

Step 3: Fund Your Account

Next, add funds to your new Capital account. You can pay by credit card, debit card, bank transfer, PayPal, Neteller, or Skrill. Capital requires a 330 ZAR minimum deposit.

Step 4: Trade the NASDAQ 100

Now you’re ready to trade NASDAQ 100 CFDs with Capital. From your account dashboard, search ‘NASDAQ.’ Click on the instrument when it appears and then click ‘Trade’ to open a new order form.

In the order form, enter the amount of money you want to trade (you must trade at least 750 ZAR). Then select how much leverage you want to apply to your trade, up to 20:1, and select a stop-loss price and take-profit price according to your trading strategy.

When your trade is ready, click ‘Open Trade’ to execute your order.

Conclusion

The NASDAQ 100 index is one of the most popular indices in the world to trade. The index includes top US tech companies like Apple, Amazon, Microsoft, and more.

There are dozens of brokers that trade NASDAQ 100 CFDs in South Africa. With our reviews of the 10 best platforms, you can find the best brokers with NASDAQ in South Africa for you.

Ready to get started with the best NASDAQ 100 broker in South Africa? Click the link below to sign up for an Capital account and start trading today!

Capital - Best Broker with NASDAQ South Africa

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67% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is NASDAQ 100?

The NASDAQ 100 is an index that tracks the 100 largest companies by market cap on the NASDAQ stock exchange in the US. The index is weighted by market cap, so the biggest companies in the NASDAQ 100 have a larger effect on the index than the smallest companies.

Which broker has NAS100?

Many South African brokers allow trading on the NAS100 through CFDs. All of the brokers we reviewed, including our top-rated brokerage, offer NAS100 trading.

Which brokers with NASDAQ in South Africa have the lowest fees?

Libertex has some of the lowest trading fees for the NASDAQ index, with just a 0.03% commission on CFDs. Be sure to watch out for deposit, withdrawal, and inactivity fees that can add to your cost of trading.

What time does NASDAQ open in South Africa?

The NASDAQ stock exchange trades from 3:30 PM to 10:00 PM South Africa Standard Time. Your broker may allow you to trade NAS100 CFDs outside of normal market hours.

What does the NASDAQ stand for?

NASDAQ is an abbreviation for the National Association of Securities Dealers Automated Quotations.

About Michael Graw

Michael Graw is a freelance journalist based in Bellingham, Washington. He covers finance, trading, and technology. His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech. Michael has also written for TechRadar, Tom’s Guide, StockApps, Buyshares and LearnBonds.

View all posts by Michael Graw

Best Brokers with NASDAQ South Africa