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Top NASDAQ Brokers in South Africa 2022

We listed the best of these on this comprehensive review.

NASDAQ

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May 10th, 2022

In the realm of stock markets, the NASDAQ 100 is a well-known benchmark. In terms of total market capitalization, it is an index of the world's largest publicly traded companies on NASDAQ.

Among these companies are Alphabet, Facebook, Amazon, Apple, Tesla, and many others. It is also known as US TECH 100, or NAS 100.

The NASDAQ can be traded as a CFD instrument with a variety of spreads and features with many South African FX and CFD brokers, and we list the best of these on this comprehensive review.

1. Exness

Overview

Exness is a market maker forex and CFD broker that is regulated by the FCA, the FSCA, and the Cyprus Securities and Exchange Commission, and is one of the best NASDAQ Forex brokers in South Africa.

With an average spread of 5.67 pips per lot for 1 Mini Lot Contract and a margin requirement of 1 percent on the Standard account, Exness provides CFDs on the US Tech 100 index (USTECm).

Pros

Well-regulated
Tight spreads
Over 130 currency pairs

Feature

Regulation – CySEC, FCA
Minimum deposit from $1
Average spread from 5.67 pips per lot for 1 Mini Lot
Commissions from 3 USD and 10 USD per 1 lot for CFDs
No Deposit/Withdrawal Fees
Maximum Leverage – 1:2000
Bonuses – Standard + 10% Bonus Programme
Customer Support – 24/5 – multilingual

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2. XM

Overview

On XM's platform, NASDAQ CFDs are accessible for as little as US100. The maximum amount of leverage available with this instrument is one 1:100.

When opening an account with XM, the minimum deposit required is $5 for all of their account types, making it one of the most competitive NASDAQ Forex brokers in South Africa.

Pros

Low minimum deposit
Comprehensive educational offering
Streamlined account opening process

Cons

Inactivity fee charges after 90 days on live accounts
Limited product portfolio

Feature

Regulation - IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
No Deposit/Withdrawal Fees
Maximum Leverage – 1:100
Bonuses - $30 No deposit bonus
Customer Support – 24/5

3. Tickmill

Overview

Tickmill is a forex broker licensed by the FSCA On their platform, NASDAQ is accessible under the symbol USTEC.

The minimum amount necessary to start a trading account at Tickmill for NAS100 trading is one hundred dollars ($100). They provide a maximum leverage of 1:100 for this instrument, with a typical spread of 1.93 for a contract size of 0.01 lot (0.1 lot).

Pros

STP model
Advanced trading software
Competitive pricing
Well regulated
High leverage

Features

Regulation – FSA
Minimum deposit from $100
Average spread from 1.93 for NASDAQ
Commissions from 2 per side per 100,000 traded
No Deposit/Withdrawal Fees
Maximum Leverage – 1:100 NASDAQ
Bonuses - $30 Welcome Bonus
Customer Support – 24/5

4. HotForex

Overview

HotForex is a STP broker that is regulated by the FCA, the FSCA, and the Cyprus Securities and Exchange Commission, amongst others. Traders in South Africa can trade with CFDs as well as futures on the US Tech 100 stock index with HotForex.

There is an average spread of 2.03 pip per lot on the CFD of the NAS 100, and there is a maximum leverage ratio of 1:50.

Pros