10 Best NASDAQ Forex Brokers in South Africa

We reveal the 10 Best Forex Brokers for NASDAQ 100.

We tested and verified the best NAS 100 brokers offering trading conditions to South Africans.

Updated for 2025.*

In this in-depth guide you’ll learn:

• How to choose the best NASDAQ trading broker
• How to compare the best NASDAQ trading apps for ZAR trading pairs.
• Who are the best forex brokers on MT4 and MT5
• Which brokers offer Nas100 in ZAR and Micro accounts.
• How to sign up for a NAS trading account.

Reputable, Trustworthy brokers that offer NASDAQ CFDs on the foreign exchange under user-friendly trading conditions. Compare NAS 100 Brokers, trading platforms, pros + cons, and trading conditions. Let’s jump in…

 

Broker	📝 Regulation	📊 Avg. NAS100 Spread	💰 Min. Deposit	🚀 Open an Account
🥇 AvaTrade	ASIC, FSCA, FSA	1 over market	$100 USD / R1600 ZAR	👉 Click Here
🥈 Alpari	FSA	Standard - 27	$5 USD / R80 ZAR	👉 Click Here
🥉 FXTM	CySEC, FSB, FCA	Standard - 40	$100 USD / R1600 ZAR	👉 Click Here
🏅 FP Markets	ASIC, CySEC, FSB	Standard - 1.8	$100 USD / R1600 ZAR	👉 Click Here
✅ XM	FCA, IFSC, CySEC	1.3	$5 USD / R80 ZAR	👉 Click Here
🥇 GO Markets	ASIC	Standard - 1.8	$1 USD / R16 ZAR	👉 Click Here
🥈 Exness	CySEC, FCA, FSA	1:30 major currencies	$10 USD / R160 ZAR	👉 Click Here
🥉 HFM	FSCA, CySEC, FCA, DFSA, FSA, CMA	1.3	$0 USD / R0 ZAR	👉 Click Here
🏅 Interactive Brokers	SEC, FCA	2.03	$5 USD / R80 ZAR	👉 Click Here
✅ RoboForex	CySEC, IFSC	2.05	$10 USD / R160 ZAR	👉 Click Here

 

 

10 Best NASDAQ 100 Forex Brokers in South Africa (2025)

1. ☑️ AvaTrade – Best Overall Forex Broker  in South Africa
2. ☑️ FP Markets – SA’s fastest-growing forex trading broker
3. ☑️ HFM – Top ZAR Trading Account for South Africans
4. Exness – #1 FSCA Regulated broker in South Africa
5. XM – Global Forex Broker offering a ZAR trading account
6. GO Markets – Offers over 600 opportunities to trade
7. Alpari – Lightweight Trading App
8. FXTM – Excellent Technical Tools
9. Interactive Brokers – Offers automated risk controls
10. RoboForex – Best mobile trading app 2025

 

NASDAQ – an Overview

 

The NASDAQ is an American stock market owned and operated by NASDAQ Inc. It was launched on January 31st, 1985, presenting itself as an alternative to the NYSE and is the second-largest in the world by market capitalization, after the New York Stock Exchange.

It includes companies from a wide spectrum of nonfinancial industries, such as Technology, Health Care, and Retail. The NASDAQ-100 is the premier large-cap growth index and provides the basis for benchmarking numerous investment products.

 

NASDAQ 100 – a Breakdown

 

The NASDAQ 100 index comprises 100 of the largest non-financial organizations that are listed on the NASDAQ stock market. The top ten companies that have held the highest weights in the index during recent years are Apple, Microsoft, Amazon, Google, Facebook, Gilead Sciences, Intel, Cisco & Comcast.

 

10 Best Forex Brokers for NASDAQ 100

 

AvaTrade

 

Avatrade is one of South Africa’s most notable brokers with more than 45 000+ active traders in the country with a massive selection of trading pairs and offerings. AvaTrade is based in Ireland and was founded in 2006 with the mission to empower people to trade with confidence.

AvaTrade is regulated by numerous authorities and bodies across the world, including the Central Bank of Ireland, the B.V.I Financial Services Commission on the British Virgin Islands.

 

AvaTrade at a Glance

 

🔎 Broker	🥇 AvaTrade
📜 FSCA regulated	Yes
🎁 Sign Up Bonus	Yes
📱 MetaTrader 4 (MT4)	Yes
📱 MetaTrader 5 (MT5)	Yes
📊CFDs - Total Offered	681
📊CFD Stock Indices	Yes
💰 Minimum deposit	$100 USD / R1600 ZAR
🎮 Demo account provided	Yes
🚀 Open an Account	👉 Click Here

 

 

Avatrade Features

 

• A range of automated trading platforms and EA compatibility
• Client funds are held in segregated accounts for increased security
• Desktop, tablet, mobile, and web-based trading with MetaTrader 4, MetaTrader 5 and AvaTradeGO
• Competitive spreads offering
• Trading websites in more than 20 languages

 

AvaTrade Pros and Cons

 

✔️ Pros	❌ Cons
Easy and fast account opening	Limited research tools
Great educational tools	Poor support telephonically
No withdrawal fee	Administration fee
Free deposit and withdrawal options	Inactivity fee
Low trading fees	Offers only CFD’s, Forex and Cryptocurrencies

 

 

 

 

 

FP Markets

 

FP Markets is an Australian broker that was established in 2005 and offers traders access to contract for difference (CFD) trading across forex, indices, commodities, stocks, and cryptocurrencies on consistently tighter spreads in supreme trading conditions.

 

FP Markets at a Glance

 

🔎 Broker	🥇 FP Markets
⚖️ Regulating Authorities	CySEC, ASIC
👍 Demo Account	Yes
📈 Maximum Leverage	1:400
💰 Minimum Deposit	$100 USD / R1600 ZAR
💻 Platform Types	MetaTrader 4
	MetaTrader 5
	Iress Trader
🚀 Open an Account	👉 Click Here

 

 

FP Markets Features

 

• Leverage is 500:1 when trading currency.
• Offer Direct Markets Access (DMA)
• Demo Account for beginning traders
• 50 plus currency pairings to trade

 

FP Markets Pros and Cons

 

✔️ Pros	❌ Cons
Easy and fast account opening	Limited product portfolio
Low trading fees	High CFD fees
Fast execution of trades	High minimum deposit
Low Forex fees	High fee for international bank withdrawal
Good platform options

 

 

 

 

 

HF Markets formerly known as Hotforex

 

HF Markets was founded in 2010 and has its headquarters in Cyprus. HF Markets is an award-winning forex and commodities broker that provides trading services and facilities to both retail and institutional clients.

 

HF Marketsat a Glance

 

🔎 Broker	🥇 HotForex
✅ Regulation	CySEC, FSCA, FSA
💰 Minimum deposit	$5 USD / R80 ZAR
➕ Maximum Leverage	1000:1
🔁 Supported lot	0.01 - 500
💻 Demo account	Yes
🚀 Open an Account	👉 Click Here

 

 

HF Markets Features

 

• Innovative and feature-rich technology
• Great range of markets
• Offers Negative Balance Protection
• Additional Civil Liability Insurance
• Lots of premium MetaTrader tools offered

 

HF Markets Pros and Cons

 

✔️ Pros	❌ Cons
Fast, easy, fully digital account opening	Only Forex and CFD products
Low minimum deposit	Two of their entities are unregulated
Commission free accounts available	Only 56 shares available
Low Forex fees
Competitive spreads

 

 

 

 

 

Exness

 

The Exness Group was founded in 2008 in St. Petersburg, Russia, and offers access to more than 120 financial instruments to trade across which include Forex, Crypto, Stocks plus Indices.  They have licenses from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles.

 

Exness at a Glance

 

🔎 Broker	🥇 Exness
🗺️ Regulated By	CySEC, FCA, FSCA
💰 Minimum Deposit	$10 USD / R160 ZAR
🚀 Bonus Program	Standard +10%
🚀 Welcome Bonus	No
💳 Demo Trading Account	Yes
📊 Trading Stocks	Yes
🚀 Open an Account	👉 Click Here

 

 

Exness Features

 

• Very cool user friendly and modern website
• Tight spreads from 0.1 pips
• No hidden commissions or fees
• Instant withdrawal of funds
• Client funds kept in segregated accounts
• Tight spreads
• Copy-trading system

 

Exness Pros and Cons

 

✔️ Pros	❌ Cons
Advanced trade features	Additional fees on Islamic Account
High leverage
MetaTrader suite available
Multiple account options

 

 

 

XM

 

XM.com is a leading online global broker that was founded in 2009 and headquartered in Cyprus.  XM.com offers more than 25 secure payment methods, 16 full feature trading platforms, and 24/5 personal customer service.

 

XM at a Glance

 

🔎 Broker	🥇 XM
⚖️ Regulating Authorities	FCA
📎 Bonus	Yes
📒 Demo Account	Yes
📌 Fees	from $ 3.5
📌 Spreads	from 0.6
💰 Minimum Deposit	$5 USD /R80 ZAR
🚀 Open an Account	👉 Click Here

 

 

XM Features

 

• Allows scalping
• Offers negative balance protection
• Low min deposit
• Offers Negative Balance Protection
• Allows Hedging

 

XM Pros and Cons

 

✔️ Pros	❌ Cons
Low withdrawal fees	Inactivity fee
Easy and fast account opening	Average forex fees
No withdrawal fee
Great educational tools and resources

 

 

 

 

 

GO Markets

 

GO Markets is based in Australia and was established in 2006. GO Markets has offices in Australia, Cyprus, Mauritius, Seychelles, and UAE.  GO Markets currently offers a spread-based and commission-based trading account with more than 600+ tradeable CFD instruments including Forex, Indices and Commodities, and Cryptocurrencies.

 

GO Markets at a Glance

 

🔎 Broker	🥇 GO Markets
⚖️ Regulation	ASIC, FSC, FSA, CySEC
📊 Trading Desk Type	Hybrid
🇺🇸 Accept US Clients	No
🚀 Welcome Bonus	No
☪️ Islamic Account	No
💰 Minimum Deposit	$200 USD / R3200 ZAR
👍 Demo Trading Account available	Yes
📍 Open an account	👉 Click Here

 

 

GO Markets Features

 

• Allows hedging
• Allows scalping
• Offers STP
• Offers Negative Balance Protection

 

GO Markets Pros and Cons

 

✔️ Pros	❌ Cons
Ultra-fast trade executions	Only two account types available
Innovative technology	Clients from many jurisdictions not accepted
Great trading and analysis tools	Not available in the US
Highly regulated broker	Limited range of instruments

 

 

 

 

 

Alpari

 

Alpari was established in 1998, relaunched in 2014, and is based in and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.  Alpari gives their traders access to more than 250 markets in Forex, Stocks, Indices, Metals, and Cryptocurrencies.  They offer both the MetaTrader 4 and MetaTrader 5 platforms on desktop, web, and mobile formats.

Both beginner and experienced traders will find a good fit with Alpari with demo accounts and educational resources, as well as boasting more than $1.3 trillion in trading turnover per year.

 

Alpari at a Glance

 

🔎 Broker	🥇 Alpari
🏛 Regulation	FSC
📉 Islamic Account (Swap Free)	Yes
📉 Demo Account	Yes
💻 Managed Accounts	Yes
💰 Minimum Deposit	$100 USD / R1600 ZAR
🚀 Open an account	👉 Click Here 👈

 

 

Alpari Features

 

• Maximum leverage as high as 1000 to 1
• Over 60 Forex currency pairs and crosses are available for trading
• Low min deposit
• The choice between ECN and market-maker execution models

 

Alpari Pros and Cons

 

✔️ Pros	❌ Cons
Demo Accounts and Social Trading	Limited educational resources
Great copy trading broker	Lack of resource tools
Diverse selection of tradeable assets	High fees
Good support in over 30 languages	Withdrawal fees
Low minimum deposit

 

 

 

 

 

FXTM

 

FXTM is a licensed and well-regulated broker worldwide with an impressive list of awards.  FXTM was founded in 2012 with offices in major cities with all central operations directed from FXTM’s five-story tower located in Cyprus.  FXTM offers tight spreads, trading in all currency pairs as well as a wide range of other financial products and derivatives.

 

FXTM at a Glance

 

🔎 Broker	🥇 FXTM
📌 Regulation	CySEC, FCA, FSC, FSCA
☪️ Islamic Account	Yes
💳 Demo Account	Yes
💰 Minimum Deposit	$10 USD / R160 ZAR
🚀 Open an Account	👉 Click Here 👈

 

 

FXTM Features

 

• Allows hedging
• Fast and easy account opening
• Low min deposit
• Great selection of educational tools
• Low stock index CFD fees
• Spreads as low as 0.1 pip for a standard account and 0 pips for ECN based trading accounts

 

FXTM Pros and Cons

 

✔️ Pros	❌ Cons
Low minimum deposit	Inactivity and withdrawal fees
Fantastic customer service	High CFD fees
Fast and easy account opening	Limited product portfolio
Well regulated Broker
Very competitive Forex fees

 

 

 

 

 

Interactive Brokers

 

Interactive Brokers offers their clients a transparent trading environment, low commissions, and financing rates, coupled with online education and an award-winning trading platform.  Interactive Brokers is fully regulated by multiple global authorities including the Hong Kong Securities and Futures Commission, the Financial Conduct Authority, and the Australian Securities and Investments Commission – to name but a few.

 

Interactive Brokers at a Glance

 

🔎 Broker	🥇 Interactive Brokers
📌 Regulation	CFTC, NFA, IIROC, FCA
☪️ Islamic account (swap-free)	No
📒 Demo Account	Yes
💰 Minimum Deposit	$10 USD / R160 ZAR
🚀 Open an Account	👉 Click Here

 

 

Interactive Brokers Features

 

• Over 4,300 no-transaction-fee mutual funds
• Strong research and tools
• NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.
• Advanced and smart order router
• Mutual Fund Replicator which finds lower-cost exchange-traded funds

 

Interactive Brokers Pros and Cons

 

✔️ Pros	❌ Cons
Wide range of products	Website difficult to navigate
Extremely smart order router	Complicated account opening
Great research tools	Substantial fees with small or inactive accounts
Low trading fees
Highly regulated

 

 

 

 

 

RoboForex

 

RoboForex Group was founded in 2009. They are headquartered in Cyprus and serves around 800 000 traders, from 170 countries.  RoboForex offers 8 asset types and more than 12 000 instruments for trading and brings support in 18 languages.

 

RoboForex at a Glance

 

🔎 Broker	🥇 RoboMarkets
⚖️ Regulation	CySEC
☪️ Islamic account (swap-free)	Yes
👍 Demo Account	Yes
📎 Bonus	Yes
💰 Minimum Deposit	$100 USD / R1600 ZAR

 

 

RoboForex Features

 

• Allows hedging
• 5 Account currencies
• Allows scalping
• Tight spreads from 0 pips
• Micro accounts with the minimum lot size of 0.01
• Offers STP

 

RoboForex Pros and Cons

 

✔️ Pros	❌ Cons
Fast order execution	No FCA regulated
Fully digital account opening	No fix spread accounts
Affiliate program with 50% profit sharing
Used by over 10,000 traders
8 asset classes

 

 

 

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

 

You might also like:  Avatrade Review

You might also like:  FP Markets Review

You might also like:  HotForex Review

You might also like:  Exness Review

You might also like:  GO Markets Review

You might also like:  Alpari Review

You might also like:  FXTM Review

You might also like:  XM Review

You might also like:  Interactive Brokers Review

You might also like:  RoboForex Review

 

 

Stock Trading Pros and Cons

 

✅ Pros	❌ Cons
High Market Growth	High Risk
Easy to Buy	Tax Applied
Liquidity

 

In Conclusion

 

As with any other investment opportunity, there are clear benefits and drawbacks of investing in stocks.

 

 

 

 

Frequently Asked Questions

 

 

How do I choose the best Nasdaq100 forex broker in South Africa?

 

There are quite a few forex brokers in South Africa who offer Nasdaq100 trading and some of the factors that a trader should take into account when comparing Nasdaq100 brokers are:  the broker’s regulation, Nas100 fees, trading platforms, available trading instruments and more.

What time does NASDAQ open for trading in South Africa?

 

The NASDAQ stock exchange trades from 3:30 pm until 10:00 pm South African Standard time.

 

Can I trade Nasdaq on MT4?

 

Yes, Nasdaq can be traded on the MetaTrader4 platform. 

 

What does Nasdaq stand for?

 

National Association of Securities Dealers Automated Quotations.

 

Is it possible to invest in Nasdaq?

 

Yes, to invest in Nasdaq composite index you will have to buy shares of each of the companies that make up that index.

 

Where is Nasdaq located?

 

Nasdaq is located in New York city, United States. 

 

What is the difference between NASDAQ Composite and NASDAQ 100?

 

The difference is that the NASDAQ Composite index covers stocks listed on the NASDAQ stock exchange while the NASDAQ 100 contains the top 100 non-financial companies according to their market capitalization.

 

Why is the NASDAQ 100 important to stock traders?

 

The NASDAQ 100 is made up of the largest and most actively traded companies that are publicly listed on the NASDAQ stock exchange.