eToro – The Top NAS100 BrokerFind Out More

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

The Best 8 NAS100 Brokers

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68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Top 8 NAS100 Brokers

1. eToro

Pros

  • Regulated by FCA, MiFID, ASIC
  • No withdrawal fee for US clients
  • 0% commission on stocks
  • Social and copy trading

Cons

  • Not available in every US state
  • More expensive than most of its competitors
  • No MetaTrader platforms

Best for: Social trading

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

It is regulated by multiple agencies worldwide and is considered one of the best trading platforms.

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.

Visit eToro

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Plus500

Pros

  • Regulated by the Financial Conduct Authority
  • Over 2,500 significant financial instruments
  • Negative balance protection
  • 24/7 customer support

Cons

  • Not currently available to US clients
  • No API integrations
  • CFDs only
  • No social copy trading

Best for: Ease of use and user experience

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.

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

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

Visit Plus500

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Pepperstone

Pros

  • Extensively regulated
  • No minimum deposit
  • Low fees and mostly free withdrawals
  • Good customer service

Cons

  • No investor protection for clients outside UK, EU and EEA
  • Withdrawal fee for clients outside EU and Australia
  • CFDs only

Best for: Forex traders and customer service

This Australian broker specializes in forex but also offers CFDs.

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

Visit Pepperstone

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

4. XTB

Pros

  • Regulated by the FCA
  • Low forex fees
  • Fast withdrawal and deposit with no fee
  • Live chat customer service

Cons

  • No US clients
  • Limited product portfolio
  • High fees for stock CFDs

Best for: Low forex trading fees

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

They trade 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.

Visit XTB

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

5. Moneta Markets

Pros

  • Regulated by CIMA
  • Negative balance protection
  • No deposit fees
  • Low minimum deposit
  • MetaTrader 4 and PRO Trader platforms
  • No inactivity fee

Cons

  • No customer support during weekends
  • Educational and research content not as strong as others
  • No US clients

Moneta Markets was founded in 2009 and is regulated by ASIC and FCA. With Moneta Markets, users can trade forex as well as indices, 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.

Visit Moneta Markets

6. Vantage Markets

Pros

  • Regulated by FCA and ASIC
  • Low forex fees
  • No inactivity fee
  • No withdrawal or deposit fee
  • Good MetaTrader add-ons
  • Social trading

Cons

  • Not available to US clients
  • CFD trading carries risk
  • $200 is needed to start trading

Vantage Markets was founded in 2008 to be a transparent forex broker and has grown to include 44 forex pairs and 290 CFDs (including cryptocurrency, shares, commodities and indices).

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

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 1.4 pips. The minimum deposit is $200.
  • Raw ECN: Designed for more experienced traders, this account charges commission at 3perlotpersidebutthespreadsstartat0.0pips.Theminimumdepositis3 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 2perlotperside,withspreadsfrom0.0pips.Theminimumdepositis2 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 0.80andcanbeaslowas0.80 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.

Visit Vantage Markets

Trading Forex and CFDs involves significant risk of losing of your invested capital and is not suitable for all investors. 64.86% of retail investor accounts lose money when trading CFDs with this provider. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

7. City Index

Pros

  • Regulated by FCA
  • Low forex fees
  • Low minimum deposit
  • Good trading and research tools
  • Social and copy trading

Cons

  • No customer service during weekends
  • Inactivity fee
  • High commission for shares CFD trading

Best for: Research tools

City Index was founded in 1983, so it has a long history of being safe and reliable.

It is regulated by top-tier agencies in the UK, Australia and Singapore. Its parent company is listed on the New York Stock Exchange.

The stock index CFD fees are average, while stock CFD fees are high.

Account opening takes around one day, with a minimum deposit of $100.

The desktop, web and mobile platforms are all easy to use, but the design needs updating.

City Index has incredible research tools and educational tools. The platform only trades in forex and CFDs, so the research is targeted for these trades.

Visit City Index

8. CMC

Pros

  • No minimum deposit
  • Wide range of trading instruments
  • Low forex fees
  • High level of regulation, both UK and globally
  • Extensive range of trading tools
  • Mobile app for trading on the go

Cons

  • High CFD fees on shares and ETFs
  • Can only trade with CFDs or spread betting
  • Does not lead to ownership of trading assets

Best for: Advanced research tools

CMC was founded in 1989, so it has a proven history of being safe and reliable.

It has research tools for beginners and advanced traders. There is detailed technical analysis, trading ideas, interactive charts and third-party news feeds.

There is no minimum deposit, but CFD fees are high.

CMC is one of the most transparent brokers when it comes to fees, making it easier for you to make accurate calculations; you won’t get hit with an unexpected fee later on.

The web, desktop and mobile platforms have modern, customizable designs.

There is an extensive educational library with a glossary, articles and videos.

Visit CMC

69% of Retail CFD or Spread Betting Accounts Lose Money.

Top 10 NAS100 Brokers
Top 8 NAS100 Brokers

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.

Why Trade on the NAS100?

CFD trading on the NAS100 has the following advantages:

  • It enables you to access a popular, growth-oriented index
  • It allows you to be part of a big company without having to own the shares
  • It maximizes the potential of your investment portfolio
  • There are a large number of regulated brokers from which to choose
  • You can speculate on the market movement due to the availability of extensive market analysis
  • You can choose to go long or short
  • It allows you to have a large amount of liquidity
  • Low-margin contracts mean you only need to make small investments

Key Factors to Consider When Choosing a NAS100 Broker

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

When choosing a 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 specifically 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.

Frequently Asked Questions

Yes, you can. There are several different brokers to choose from. Choosing the right one for you will include considering factors such as trading fees, minimum deposits and educational tools.

The best broker for you will largely depend on your needs. Some of the best options to choose from are:

Several brokers offer welcome bonuses to individuals who open accounts with them.

Your qualification for these bonuses will often depend on meeting the relevant criteria such as the minimum deposit amount.

For example, AvaTrade offers a welcome bonus, which is up to 20% of the value of your deposit with a limit of $1,000.

It is perfectly legal to trade NAS100 in India. Typically, this can be done in a variety of ways.

You could choose to invest in ETFs and Mutual Funds that are listed in India, or you could invest directly in US stocks via a broker.

If you are considering a broker, some of the most popular options to choose from are:

NAS100 is the name given to the largest non-financial stocks which are traded on the NASDAQ exchange, so it isn’t technically the same as forex, which is typically foreign currency. You are, however, able to trade NAS100 on forex platforms.

Adding NAS100 to your MT4 platform is relatively simple:

  • Open your platform
  • Select the ‘quotes’ option from the bottom of your screen, followed by the ‘+’ symbol from the top
  • Simply type NAS100’ into the search bar at the top and click the green button to add it to your list

Most NAS100 trading strategies will rely on analysis of one kind or another. Typically, traders will use either Technical Analysis or Fundamental Analysis to guide their strategies and trading decisions.

  • Technical analysis enables individuals to identify potentially beneficial trades by looking at statistical factors such as movement in price and historical patterns.

  • Fundamental analysis looks at economic and financial factors which can affect the security of a stock. Works to consider large factors such as the state of a country's economy as well as smaller factors which could include how well a company is managed or press coverage of a business which can affect public perception.

There are several brokers which allow individuals the opportunity to trade on the NASDAQ.

The exact broker that you choose will largely depend on your circumstances, level of knowledge and the amount you are wanting to invest.

Some of the best brokers for NASDAQ trading are:

Yes, XM offers NAS100 in the form of futures CFDs and cash index CFDs.

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.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


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