Forex trading was not very popular a few decades ago. However, now it is very popular and now almost 45% of people spend around 2 hours daily and some spend even more time. This helps many people earn extra income and those who spend more time have more chances of earning even more.
So, if you are from South Africa and you want some extra income then it might be the right time for you to start. Before you start trading you must know that there are different types of brokers and the one, we are going to discuss here is the NAS100 broker.
There could be many chances that this type of broker is the right type for you. If this is the case here are the best options along with everything that you need to know.
List of the Best NAS100 and NASDAQ Brokers in South Africa
What is a NAS100 Broker?
In trading, different stock market indexes come from different options. Just like all other options, NASDAQ provided its NAS 100 as a stock market index for the first time in 1985. After that, it has become a prominent option for many traders.
It is more volatile as compared to some other options which is the reason why it attracts a lot of traders. So, a broker that allows you to trade on NAS100 will be a NAS100 broker.
How can you choose your NAS100 Broker?
When you are selecting a NAS100 Broker in South Africa you need to be sure that you are selecting the right option. Here are a few things that you need to keep in mind so that you select the best and the most reliable option possible:
- The first thing that you need to check is the regulations that the broker has compliance with
- User experience, easy deposits, and withdrawals
- Reviews on different online platforms
- Quality of customer support
Best NAS100 or NASDAQ Brokers in South Africa
Many CFD brokers allow NAS100 trading which makes them NASDAQ or NAS100 brokers. So, here are some of the best ones that you can select.
1. Exness – Best overall NAS100
Exness is a forex trading broker option in South Africa that maintains the first position in many rankings. Whether it is about FSCA regulations and reliability or budget-friendly services Exness provides it all for its customers.
The interesting fact here is that Exness allows ZAR accounts for NAS100 trading in South Africa which makes it possible for many traders. The overall experience here is amazing whether you want NAS100 trading or any other option.
- Amazing customer support over Email and Live Chat
- MT5 and MT4 platforms are available
- Instant and easy deposits
- Withdrawals from Exness can take up to working 2 days.
2. HotForex – Best NASDAQ Low Spread broker
Getting NAS100 trading options with a low spread might be what you want from your broker and HotForex provides the same thing. The interesting part about its services is that there is no commission as HotForex only charges the spread according to its formula. Additionally, many other things make it the right choice for people who do not have a lot to invest.
- Free withdrawals and deposits
- Allows local bank transfers
- MT4 platform for a better experience
- Live support is good but it is available only on weekdays
3. XM – Safest NASDAQ broker
You might think that XM does not come with FSCA regulation, so it is not safe. However, it comes with CySEC as well as ASIC regulations making it one of the most well-regulated brokers that offer NASDAQ and NAS100.
Well, safety is not all that it brings because it brings budget-friendly services as one of the Best NAS100 or NASDAQ Brokers in South Africa. one very attractive thing is that you only need to meet one minimum deposit requirement to open any type of account.
- A lot of different options available along NAS100
- Provides negative balance protection for every account
- Allows ZAR accounts for South African traders
- Local support is not available
4. Libertex – Best Fixed commission NASDAQ broker
Libertex is one of the Best NAS100 or NASDAQ Brokers in South Africa that comes with both MT5 and MT4 platforms. So, if you are looking for NAS100 trading then Libertex might be the best option for you.It allows you to use mobile applications on Android and iOS as well so you can trade NAS100 on the go as well using it. Libertex also allows you to trade a wide range of different global indexes and other commodities.
- Fixed commissions
- Excellent experience on all devices
- CySEC regulations
- There is an Inactivity fee
5. Tickmill – Best FSCA compliant NAS100 broker
The last one that we will be discussing here is Tickmill. It is also among the most popular forex trading platforms in South Africa, and it allows NAS100 trading as well. Although it comes with FSCA compliance, it may not be the best option for many users because of the deposit requirements and some other options. However, the experience and features here are designed very well.
- Local bank transfers available for South African traders
- Low spreads
- Free withdrawals and deposits
- No ZAR currency option
How NASDAQ trading works in South Africa.
NASDAQ trades in South Africa allow trading through different CFD options of different cryptocurrencies, commodities, and more. However, when the trades happen the trader does not own any of the things they are trading.
At the same time, the price movements make opportunities for profits or losses. If someone is interested more in short term trades, then this is the best option to go with
Most forex traders today have only the experience of 1-3 years. This means that even if you are a beginner, you can have a great start. According to experts, one of the most important things in forex trading is selecting the right platform. So, if you are interested in NAS100, make sure to find the Best NAS100 or NASDAQ Brokers in South Africa for a super smooth experience.
Is NASDAQ trading possible in SA?
Yes, many brokers provide these services along with their other trading services.
Are NASDAQ and NAS100 trading services FSCA regulated in South Africa?
Yes, more than 70 brokers offer these services regulated by FSCA.