Top 12 NAS100 Brokers to Trade with in 2023 (2024)

Here is the list of Top 12 NAS100 Brokers for April 2023

Here are our top picks:

1. Pepperstone
2. eToro
3. IG
4. Plus500
5. AvaTrade
6. Trading 212
7. XTB
8. ActivTrades
9. Moneta Markets
10. Vantage Markets
11. City Index
12. CMC

Description of the Best NAS100 Brokers for April 2023:

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

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.

IG invented spread betting in 1974 and today is the world’s leading online trading provider with more traders trusting them with their money than anyone else

IG is authorised and regulated by the FCA and provides traders access to over 18,000 markets. IG offers more 24-hour indices than any other provider, and extended hours on over 70 key US stocks

For those who prefer to own the underlying asset, IG offers access to over 13,000 global shares and ETFs, or a wealth portfolio managed by one of their experts.

Benefits:

• Advanced platform and charting – L2 dealer, ProRealTime and MT4
• Demo account
• Extended trading hours
• Extensive range of products
• Daily expert analysis & educational resources
• Round-the-clock customer service
• Negative balance protection for retail clients

Based on revenue (published financial statements, October 2022). 24/7 excludes the hours from 10 pm Friday to 8 am Saturday (UK time), and 20 minutes just before the weekday market opens on Sunday night.

Your capital is at risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.76% 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.

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.

Fees are charged for the following:

• Overnight funding – When holding a position after a certain time.
• Currency conversion fee – For all trades on instruments in different currency to your home currency.
• Inactivity fee – Up to USD 10 per month if you do not log in to your account for a period of 12 weeks.
• Guaranteed stop order fees

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

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

AvaTrade is a CFD Regulated broker with +1,000 financial instruments and multiple trading platforms. It has been operating since 2006.

It offers a 20% welcome bonus up to $10,000, according to regulation and a free 21-day demo account with $100,000.

Instruments include:

• Metals
• Commodities
• Stocks
• FX Options
• Oil
• ETFs
• Options
• Crypto currencies
• CFDs
• Indexes
• Shares
• Spread betting
• Indices
• Forex
• Bonds

AVATrade EU Ltd is regulated by the Central Bank of Ireland. (No.C53877)Ava Trade Markets Ltd. is regulated by the B.V.I Financial Services Commission. It is also highly regulated in Australia, South Africa, Japan, Middle East, Cyprus and Israel

You can not trade with AvaTrade in the US, North Korea, New Zealand, Iran or Belgium.

Mínimum deposit of $100, no withdraw limit and no fees.

Best for: Experienced traders who are willing to take a higher risk
Assets and markets: Stocks, ETFs, CFDs, ISAs
Account types: Invest, CFD, ISA, Demo

Originating in Bulgaria, Trading 212 is registered to operate in the UK. It offers CFDs in a range of markets, ETFs, and stocks and shares. It also offers the option to open an ISA account for tax-free investment.

The Trading 212 app is compatible with all three types of accounts and offers a full trading service.

Trading is commission-free, with the opportunity to begin with a £1 investment for the Invest and ISA accounts, and £10 for the CFD account. Charges you may face include deposit fees once you have paid in over £2,000, and currency conversion fees.

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.

ActivTrades is a traditional CFD broker and has been trading for more than 20 years on 140 markets. ActivTrades is authorized and regulated by the FCA, CSSF and SCB.

Its strong points include:

• No minimum first-time deposit
• No commissions
• Several payment methods for deposits and withdrawals
• Tight spreads from 0.5 pips

It offers one of the best execution speeds in the industry with low latency below 0.004s.

It utilizes the most advanced technology to improve users' trading efficiency – users can automate trades, build integrations and create trading apps using ActivTrades' market-leading CFD and spread betting technology.

Exceptional trading infrastructure is available on ActivTrader and MetaTrader 4 and 5.

ActivTrades invests deeply in specially developed educational materials for its clients – including webinars, regular outlooks, manuals, etc.

Type of offers: ActivTrades focuses on well-developed products in its trading portfolio. Customers can choose from over 1,000 CFD or spread betting instruments across forex, indices, shares, commodities, financials and ETFs.

It also offers investing solutions for its institutional partners.

Spread betting allows UK residents ONLY to trade the prices of financial instruments, including forex, indices, commodities and LSE shares.

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.

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 $3 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 $2 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 $0.80 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.

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.

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.

Top 10 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 in 2023?

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

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 circ*mstances 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.