15 Best NASDAQ100 Forex Brokers

We recommend the following 15 Best NASDAQ100 Forex Brokers to trade the NASDAQ100 index, which is a trading system most commonly used in stock markets and is a key factor in portfolio diversification.

This trading system was founded over 3 decades ago and is the second-largest global stock exchange.

Most investors, banks and other institutions use the NASDAQ100 as a frame of reference to compare and analyse the data of other stock exchanges they may be trading on.

By trading the NASDAQ100, investors gain exposure to leading international companies like Microsoft, Google and Amazon – but these markets are extremely volatile and should be approached with caution and strategy.

 

How do you trade on NASDAQ100?

To trade on the NASDAQ100, you need to start by choosing one of the recommended brokers in this article, as your broker will be responsible for handling all the tedious daily administration tasks and ensuring your transactions and orders are secure and processed timeously.

 

The main sectors included in NASDAQ 100:

• Technology (53.48%)
• Consumer Services (24.63%)
• Health Care (11.10%)
• Consumer Goods (5.49%)
• Industrials (4.33%)
• Telecoms (0.97%)

 

The top 10 NASDAQ100 Companies:

• Apple (AAPL)
• Microsoft (MSFT)
• Amazon (AMZN)
• Facebook (FB)
• Alphabet (GOOG)
• Intel Corp (INTC)
• Cisco Systems (CSCO)
• Comcast (CMCSA)
• PepsiCo (PEP)
• Adobe (ADBE)

 

Exness

Exness is a highly regulated broker with more than 100,000 clients and over a decade of industry experience.

Exness offers 5 accounts that can be funded with a low minimum deposit and 8 base currencies, including JPY, ZAR, CHF, AUD, NZD, SGD, EUR and USD.

Exness offers stocks in more than 80 leading companies and over 100 Forex pairs, as well as offering instruments in many other asset classes.

Exness offers unlimited leverage and can be used with the MetaTrader platforms.

 

Pros and Cons of Exness:

✔️Pros	❌Cons
Highly regulated and trusted broker	No educational material
Many base currencies	Not beginner-friendly
Hedging and Scalping allowed
Low minimum deposit

 

AvaTrade

AvaTrade is an award-winning Forex broker with many global regulations, including ASIC, FSA and FRSA, and is trusted by more than 300,000 clients worldwide.

The products offered by AvaTrade include  Stocks, ETFs, Crypto, Indices, Commodities, Bonds and Forex, and there are 4 accounts to choose from.

AvaTrade offers Islamic and demo accounts, along with a great selection of educational resources for inexperienced traders.

 

Pros and Cons of AvaTrade:

✔️Pros	❌Cons
Easy account creation	No US clients
Deposits and withdrawals at no cost	Inactivity fees after 3 months
Suitable for beginners
Good regulations

 

Capital.com

Capital.com is regulated by 3 trusted entities, namely FCA, ASIC and CySEC, and is audited by a leading company known as Deloitte.

More than 1.8 million people use Capital.com and this broker offers 3 accounts and over 4,000 instruments for trading.

Educational resources are provided to assist new traders on their trading journey and 5 base currencies are supported when funding Capital.com accounts.

 

Pros and Cons of Capital.com:

✔️Pros	❌Cons
Low fees on Forex and Stock CFDs	Low maximum leverage
Demo account offered	No bonus offerings
Customer support is reliable	No Islamic accounts
Withdrawals are free

 

eToro

eToro was founded more than 1 decade ago and is a great option for Copy traders, Social traders and beginners.

eToro can be funded using EUR, RUB, CNY, CAD, USD, JPY, AUD and GBP, and accommodates for retail and professional clients respectively.

Unfortunately, there are no promotional offers at eToro, but demo accounts and educational content is provided and clients can choose to change to Islamic accounts if they are of the Muslim faith.

 

Pros and Cons of eToro:

✔️Pros	❌Cons
Many base currencies	No MetaTrader functionality
Supports Social trading	High Forex fees
Flexible leverage	Withdrawal fee of $5
Free stock and ETF trading in EU

 

easyMarkets

easyMarkets has been around since 2001 and is regulated by  CySEC, FSA ASIC.

This broker has more than 100,000 clients internationally and accounts can be funded using several currencies, including SEK, PLN, USD, CHF, SGD, CNY, ZAR, BTC, GBP, CZK, TRY, JPY, HKD, EUR, NOK, CAD, NZD, MXN and AUD.

This broker caters to inexperienced traders by providing a great range of tools and educational resources to get them started, along with an easy-to-use demo account to practice on.

 

Pros and Cons of easyMarkets:

✔️Pros	❌Cons
19 funding currencies	Not available in US
Fixed spreads offeres
Negative Balance Protection

 

Alpari

Alpari charges a minimum deposit of $100 and 4 account types that can be funded using GBP, NGN, USD and EUR.

This broker has more than 2 million clients and accommodates beginners and clients of the Muslim faith by providing demo accounts and Islamic accounts.

Alpari also offers promotional bonuses and is compatible with MetaTrader 4 and 5.

 

Pros and Cons of Alpari:

✔️Pros	❌Cons
Referral program	Only 4 base currencies
Suitable for beginners	Limited variety of products
Flexible accounts	Not available in Japan, Russia and USA
High maximum leverage

 

Admirals (Admiral Markets)

Admirals, previously known as Admiral Markets, is regulated by ASIC, EFSA, CySEC and FCA, and offers5 account types that can be used to trade Forex, Indices, Bonds, ETFs, Stocks and Commodities.

Accounts can be funded using CHF, CZK, HRK, EUR, RON, GBP, PLN, BGN, HUF and USD, and are compatible with the MetaTrader platforms.

This is a beginner-friendly Forex broker that provides useful tools and data for educational purposes, as well as guides on trading strategies and risk management.

 

Pros and Cons of Admiral Markets:

✔️Pros	❌Cons
Low minimum deposit	Availability of Cash rebates depends on region
10 base currencies	Penalty fees
Negative balance protection
Works with MetaTrader

 

Trading212

Trading212 is based in the United Kingdom and is regulated by CySEC, FSC and CA.

Trading212 offers over 2,500 CFDs and more than 10,000 stocks, as well as 2 trading accounts with low minimum deposits.

Despite not offering promotional bonuses or Islamic accounts, Trading212 is used by more than 1 million people and offers its own proprietary trading platform with 24/7 customer support.

 

Pros and Cons of Trading212:

✔️Pros	❌Cons
180 Forex pairs	3 base currencies
Commission-free trading	No US clients
Negative balance protection
Many stocks to choose from

 

FXTM

FXTM has more than 2 million clients and is regulated by top-tier entities, such as FCA  and CySEC.

FXTM has been around for more than a decade and offers 3 account types with tight spreads and commission-free trading conditions.

FXTM is available in many countries and is suitable for copy trading, offering more than 5,000 strategies that can be used by clients.

FXTM offers its own platform but also supports the MetaTrader platforms and tools.

 

Pros and Cons of FXTM:

✔️Pros	❌Cons
Tight spreads	4 base currencies
Promotional offers	Penalty fees
Low minimum deposit

 

CMC Markets

CMC Markets offers 3 account types that can be funded using a variety of base currencies, including CAD, SGD, PLN, USD, EUR, AUS, NZD, GBP, NOK and SEK.

Although CMC Markets is only regulated by the FCA, it is trusted by more than 300,000 traders and guarantees negative balance protection and tight spreads to clients.

All accounts at CMC Markets offer cash rebates and a great selection of educational resources are provided for beginners.

 

Pros and Cons of CMC Markets:

✔️Pros	❌Cons
More than 300 Forex pairs	No bonus offers
No minimum deposit	Penalty fees
10 base currencies

 

FP Markets

FP Markets offers a beginner-friendly trading environment with low latency and tight spreads, and accounts can be funded using NZD, CAD, CHF, EUR, AUD, USD, HKD, SGD, JPY and GBP.

FP Markets provides a variety of research tools and educational resources and offers more than 10,000 instruments in Indices, Forex, Metals, Commodities and Shares.

FP Markets is an ASIC- and CySEC-regulated broker that offers a proprietary trading platform, as well as functionality with MetaTrader 4 and 5.

 

Pros and Cons of FP Markets:

✔️Pros	❌Cons
10 Base currencies supported	Withdrawal fees
Great product offering	No fixed spreads
Commission-free account

 

City Index

City Index has over 300,000 clients and is a multi-regulated broker that is a subsidiary of StoneX Financial Ltd. and GAIN Capital Holdings Inc. 

The City Index account can be funded using CHF, HUF, AUD, EUR, PLN, JPY, GBP and USD, and can be used to trade 7 types of assets, with a total of over 12,000 instruments.

The tools offered by City Index include SMART signals, strategy tools, performance analytics and much more, and beginners have access to a variety of courses, guides and webinars.

 

Pros and Cons of City Index:

✔️Pros	❌Cons
Listed on NASDAQ	Penalty fees for inactivity
8 base currencies	Stock CFD fees are high
Low minimum deposit	Low maximum leverage
Bonus offerings

 

Fidelity

Fidelity was established in 1946 and is a popular choice for professional investors, particularly in the United States.

Fidelity does not offer Islamic accounts, but demo accounts are provided and there is a total of 24 accounts across 8 categories to choose from.

Fidelity delivers comprehensive financial services and products and has developed an innovative proprietary trading platform with a variety of advanced trading tools and research data.

 

Pros and Cons of Fidelity:

✔️Pros	❌Cons
Great product offering	No Islamic account
16 funding currencies	Only 2 regulations
Commission-free trading	No crypto or CFD trading
Well-established broker

 

XM

XM is available to 196 countries and offers 24/5 customer support in many languages.

XM offers over 1,000 instruments and accounts can be funded using PLN, HUF, GBP, RUB, USD, EUR, CHF, AUD and JPY.

XM is regulated by IFSC, ASIC, ESMA, DFSA, FCA and CySEC, which makes it a highly credible broker.

 

Pros and Cons of XM:

✔️Pros	❌Cons
9 base currencies	Fixed spreads not offered
Low minimum deposit	Not available to US clients
Negative Balance Protection
Many regulations

 

GO Markets

GO Markets is a regulated broker that was founded in 2006 and offers 2 accounts that can be funded using CAD, HKD, NZD, CHF, GBP, SGD, AUD, USD and EUR.

Customer support is available 24/5 and a demo account with educational resources, such as tutorials, guides and courses, are provided for beginners.

GO Markets is compatible with the MetaTrader platforms and also allows the use of MetaTrader Genesis, Trading Central and Autochartist.

 

Pros and Cons of GO Markets:

✔️Pros	❌Cons
9 base currencies	No Islamic account
Bonus offers	High minimum deposit
Free VPS

 

Conclusion

NASDAQ100 consists of some of the most volatile global markets, but this creates exciting investment opportunities, as most big international companies are listed on the NASDAQ index.

NASDAQ does not only offer a way for traders to invest in major companies, but it also gives those companies a means of generating income from investors.

It is possible to trade on NASDAQ without a broker, but it is not recommended because of all the paperwork and complexities. 

To simplify the process of trading on NASDAQ and to increase your chances of success, you should choose one of the 15 Best NASDAQ100 Forex Brokers.

Good luck with your trading!

 

Disclaimer

Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.

The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.