Best Nasdaq 100 Brokers for 2024

Premier Nasdaq 100 forex broker 2024

IG is a leading global broker, offering various trading instruments, including forex, shares, indices, commodities, thematic and basket, options, futures, spot, and cryptocurrencies. Established in 1974, IG was the worlds first financial spread betting firm and now provides CFDs, spread betting, and share investing. Known for its high-quality platform and educational resources, IG is regulated by top-tier authorities like the FCA and ASIC. It also offers a free demo account, making it a great choice for both beginners and experienced traders.

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		$0
Regulators		ASIC, FCA, FSA, AMF, FMA, MAS, DFSA
Trading Instruments		Forex, shares, indices, commodities, thematic and basket, options, futures, spot, cryptocurrencies
Demo Account		✅ ($20,000 in virtual capital)
Max. Leverage		1:400
Trading Platforms		Online trading platform, mobile trading app, progressive web app, ProRealTime, MT4, L2 Dealer
Fees	Stock Fee	2 cents per US shares, and 0.18% on Hong Kong shares
	Deposit Fee	Visa (1%), MasterCard (0.5%)
	Withdrawal Fee	✅ vary on the method
	Inactivity Fee	✅
Customer Support		24 hours a day, except from 6am to 4pm on Saturday (UTC+8) - live chat, phone, email, WhatsApp, Help & Support
Restricted Region		US

Pros

• Regulated well

• Wide range of markets to trade

• Advanced trading platforms

• A wealth of educational resources

• Demo accounts

• No minimum deposit requirement

Cons

• Various fees charged (deposit/withdrawal fee, inactivity fee)

Noted for discounted NASDAQ trading, low fees, and high-interest returns

Interactive Brokers (IB), founded in 1978, is a globally respected brokerage known for its advanced platform, broad market access, and low-cost pricing. Serving traders and investors in over 200 countries, IB offers a wide range of securities including stocks, options, futures, currencies, bonds and funds. The firm is renowned for its Trader WorkStation (TWS), a feature-rich platform ideal for experienced traders. Regulated by top authorities like the FCA and ASIC, IB also provides a mobile app and web platform for more casual investors, though its complex features cater more to seasoned traders.

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		$0
Regulators		ASIC, FCA, FSA, SFC, CIRO
Trading Instruments		Stocks, options, futures, currencies, bonds and funds
Demo Account		✅
Max. Leverage		1:400
Trading Platforms		IBKR GlobalTrader, Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR ForecastTrader, IMPACT
Fees	Stock Fee	Vary on the symbol and region
	Deposit Fee	The first deposit of each month is free (Mexico Only)
	Withdrawal Fee	one free withdrawal request per calendar month
	Inactivity Fee	$0 for most account types
Customer Support		Live chat, phone, email, FAQs

Pros

• Wide range of products

• Low trading costs and competitive commission structure

• Advanced Trader WorkStation (TWS) trading platforms

• Regulated by several top-tier financial authorities globally

Cons 

• TWS platform has a steep learning curve

• Inactivity fees charged

• Complex pricing structure

Great for both beginner traders and experienced investors

RoboForex, an international broker since 2009, offers over 9,400 trading instruments across forex, stocks, indices, ETFs, commodities, and cryptocurrencies. Known for its advanced technology, RoboForex supports platforms like MetaTrader 4, MetaTrader 5, and WebTrader, with tools for algorithmic trading. It provides a variety of account types, including ECN for low spreads, Pro-Standard for everyday trading, and Prime for advanced conditions. RoboForex is regulated by the FSC in Belize, CySEC, and NBRB.

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		$/€10
Regulators		CySEC, NBRB, FSC (Offshore)
Trading Instruments		Stocks, indices, futures, ETFs, soft commodities, energies, metals, currencies
Demo Account		✅
Max. Leverage		1:2000
Trading Platforms		MT4, MT5, WebTrader, MobileTrader, R StocksTrader
Fees	Stock Fee	Vary on the symbol and region
	Deposit Fee	❌
	Withdrawal Fee	Compensates clients' commission for funds withdrawal twice a month
	Inactivity Fee	/
Customer Support		24/7 - live chat, contact form, phone
Restricted Regions		USA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, Ukraine, Belarus

Pros 

• Multiple trading platforms including MetaTrader 4, MetaTrader 5, MobileTrader, StocksTrader, and WebTrader

• Variety of account types

• Wide range of financial instruments

Cons

• Complex fee structure

• Limited educational resources

Recognized as the CFD broker with lower CFD fees

AvaTrade, established in 2006, is a globally recognized online broker offering trading across forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options. Regulated by top-tier authorities like FSA and ASIC, AvaTrade serves over 150 countries. The broker provides a range of platforms, including AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, DupliTrade. AvaTrade also offers comprehensive educational resources, including video tutorials, eBooks, and webinars.

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		$100
Regulators		ASIC, FSA, FFAJ, ADGM, CBI, FSCA, KNF
Trading Instruments		Forex, CFD, stock, commodities, indices, futures, cryptocurrencies, option
Demo Account		✅ ($10,000 in virtual capital, lasts for 21 days and can be renewed upon request)
Max. Leverage		400:1
Trading Platforms		AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, DupliTrade
Fees	Stock Fee	❌
	Deposit Fee	❌
	Withdrawal Fee	❌
	Inactivity Fee	✅
Customer Support		Live chat, contact form, WhatsApp, phone, email

Pros 

• Overseen by several high-profile financial authorities, including the FSA and ASIC

• Wide array of trading platforms

• Variety of financial Instruments

• Comprehensive educational content

Cons 

• High inactivity fee

• Slow withdrawal processing

• Limited analysis tools

• No 24/7 customer support

Low-spread CFD platform, trusted for Nasdaq 100 trading

XM, founded in 2009, is a well-known online broker offering forex, indices, commodities, turbo stocks, metals, energies, and thematic indices trading. The broker is recognized for client-friendly policies, including negative balance protection and support for automated trading. XM provides MetaTrader 4 and MetaTrader 5 platforms, accessible on both web and mobile. XM Group operates under multiple regulations, including CySEC in Cyprus and ASIC in Australia, ensuring robust oversight across various jurisdictions.

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		$5
Regulators		ASIC, CySEC, FSC (Offshore), DFSA, FSCA
Trading Instruments		Forex, indices, commodities, turbo stocks, metals, energies, thematic indices
Demo Account		✅
Max. Leverage		1:1000
Trading Platforms		MT4, MT5, XM WebTrader
Fees	Stock Fee	US shares: $0.04 per share, min $1 per transaction
		UK shares: 0.10% per transaction, min $9 per transaction
		German shares: 0.10% per transaction, min $5 per transaction
	Deposit Fee	❌
	Withdrawal Fee	❌
	Inactivity Fee	✅
Customer Support		24/7 - live chat, Line, email, Help Center
Restricted Regions		USA, Canada, Israel and the Islamic Republic of Iran

Pros

• Regulated by a number of top-tier financial authorities

• Support the MetaTrader 4 and MetaTrader 5 platforms

• Negative balance protection

• No hidden fees

Cons 

• Charge an inactivity fee if an account has been dormant for over 90 days

• Delays in responses 

Renowned for facilitating automated NASDAQ trading on MT4

Pepperstone, founded in 2010, is an online forex and CFD broker offering a wide range of assets, including forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs. Known for competitive spreads, fast execution, and personalized support, Pepperstone supports various trading platforms like MetaTrader 4, MetaTrader 5, cTrader, TradingView, and Pepperstone Trading Platform. The broker is regulated by top authorities, including ASIC and the FCA. Additionally, Pepperstone provides accessible educational resources like webinars and guides for traders of all levels.

Overall Rating		⭐⭐⭐⭐
Min. Deposit		$0
Regulators		ASIC, CySEC, FCA, DFSA, SCB
Trading Instruments		Forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs
Demo Account		✅
Max. Leverage		1:200 (Retail)/1:500 (Professional)
Trading Platforms		MT4, MT5, cTrader, TradingView, Pepperstone Trading Platform
Fees	Stock Fee	US Share and ETF CFDs: $0.02 per share
		UK Share CFDs: 0.1%
		German Share CFDs: 0.1%
		Australia Share CFDs: 0.07%
		Hong Kong Share CFDs: 0.2%, min 45 HKD
	Deposit & Withdrawal Fee	Most International TTs are approximately $20
	Inactivity Fee	✅
Customer Support		Live chat, contact form, Help & Support

Pros 

• Regulated by several top-tier financial institutions, including ASIC and FCA

• Competitive spreads

• Offer multiple trading platforms, including MT4, MT5, cTrader, TradingView, and Pepperstone Trading Platform

• Excellent customer support

• Educational content

Cons

• Inactivity fee charged

• Limited options for fundamental analysis

Known for advanced research tools and NASDAQ CFD trading

CMC Markets, a UK-based broker established in 1989, offers trading across forex, indices, commodities, shares, treasuries, and cryptocurrencies. Known for its proprietary platform, praised for advanced tools and user experience, the broker also provides access to MetaTrader 4 on desktop and mobile. CMC Markets covers over 10,000 products with extensive market analysis and educational resources. Regulated by top authorities like the FCA and MAS, it remains a reputable choice in the industry.

Overall Rating		⭐⭐⭐⭐
Min. Deposit		$0
Regulators		FCA, FMA, CIRO, MAS
Trading Instruments		Forex, indices, commodities, shares, treasuries, cryptocurrencies
Demo Account		✅
Max. Leverage		1:30 (Retail)/1:500 (Professional)
Trading Platforms		CMC web platform, CMC mobile app, MT4, MT4 WebTrader
Fees	Stock Fee	US Shares: 2 cents per unit, min. $10
		UK Shares: 0.08%, min £9
		Australia Shares: 0.09%, min A$7
	Deposit & Withdrawal Fee	1% for credit card payments, 0.6% for debit card payments, additional charges for bank transfers from outside Australia
	Inactivity Fee	/
Customer Support		24/7 - live chat, contact form, phone, email, FAQs

Pros 

• Regulated by several top-tier financial authorities

• Wide range of financial instruments

• MetaTrader 4 platform

• A variety of educational materials and market analyses 

Cons 

• Deposit and withdrawal fee charged

• Limited account types to choose from

Appraised for NASDAQ trading education and commission-free stocks and ETFs

XTB, established in 2002, is a global forex and CFD broker offering over 5,400 markets, including forex, commodities, indices, ETFs, and cryptocurrencies. Known for its award-winning xStation 5 platform, XTB provides advanced tools, charting, and a user-friendly interface. The broker is highly regarded for transparency, excellent customer service, and extensive educational resources. XTB is regulated by top authorities, including the FCA and CySEC.

Overall Rating		⭐⭐⭐⭐
Min. Deposit		0
Regulators		CySEC, FCA, CNMV
Trading Instruments		5,400+, Forex, Commodities, Indices, Shares, ETFs, Stock CFDs, ETF CFDs
Demo Account		✅
Max. Leverage		1:30
Trading Platforms		xStation 5, xStation Mobile
Fees	Stock Fee	Vary on the symbol and region
	Deposit Fee	❌
	Withdrawal Fee	Withdrawals smaller than $100/€80/£60 or 12000 HUF will be charged a high fee of around $20/€16/£12
	Inactivity Fee	✅
Customer Support		24/5 live chat, phone, email

Pros 

• Regulated by FCA, CySEC, and CNMV

• Wide range of financial instruments

• Outstanding customer support and education

Cons 

• A hefty fee charged for withdrawals below a certain threshold

• Inactivity fee charged

• No MetaTrader 4/5 available

Highly regulated and ideal for following others' NASDAQ trading strategies

eToro, launched in 2007, is a global trading platform known for its social trading feature, allowing users to follow and copy experienced investors. It supports a wide range of assets, including stocks, commodities, and cryptocurrencies. eToro also provides extensive educational resources, including webinars, courses, and a demo account for beginners. The platform is regulated by top-tier authorities like CySEC, FCA, and ASIC.

Overall Rating		⭐⭐⭐⭐
Min. Deposit		$10
Regulators		ASIC, CySEC, FCA
Trading Instruments		6,000+, Stocks, Cryptocurrencies, Currencies, Commodities, ETFs
Demo Account		✅
Max. Leverage		1:30 (retail)/1:400 (professional)
Trading Platforms		MT4, eToro proprietary platform
Fees	Stock Fee	❌ but not apply to CFD stock positions
	Deposit Fee	❌
	Withdrawal Fee	$5 withdrawal fee for $30 withdrawal amount
	Inactivity Fee	$10 per month for inactivity of 12 months
Customer Support		24/5 live chat, email

Pros 

• Social trading allows users to follow and copy trades of other successful traders

• Offer over 6,000 financial instruments to trade

• Regulated by top financial authorities like the FCA, CySEC, and ASIC

• Simple and intuitive platform design 

Cons 

• Charges a flat fee for withdrawals

• If an account is inactive for 12 months, eToro charges an inactivity fee

• Accounts can only be opened in USD

• High spread fees for certain assets

Best bet for scalping strategies

IC Markets Global, an Australian-based ECN broker founded in 2007, is renowned for its high-speed execution and tight spreads across CFDs on forex, commodities, indices, bonds, stocks, and futures, digital currencies. The broker offers MetaTrader 4, MetaTrader 5, cTrader, and TradingView platforms, accessible on both desktop and mobile. It supports algorithmic trading through integration with tools like ZuluTrade and Myfxbook. IC Markets boasts deep liquidity from over 50 banks and dark pools, ensuring low latency and minimal order rejections. The broker is regulated by ASIC and CySEC.

Overall Rating		⭐⭐⭐⭐
Min. Deposit		$200
Regulators		ASIC, CySEC
Trading Instruments		CFDs on forex, commodities, indices, bonds, stocks, and futures, digital currencies
Demo Account		✅ (free for 30 days)
Max. Leverage		1:1000
Trading Platforms		MT4, MT5, cTrader, TradingView
Fees	Stock Fee	Vary on the symbol and region
	Deposit Fee	❌
	Withdrawal Fee	❌
	Inactivity Fee	✅
Customer Support		24/7 - live chat, contact form, phone, email, Help Centre
Restricted Regions		USA, Canada, Israel, New Zealand, Iran, and North Korea (Democratic People's Republic of Korea)

Pros

• Regulated by ASIC and CySEC

• Support MetaTrader 4, MetaTrader 5, cTrader and TradingView platforms

• Low spreads and high-speed execution

• Deep liquidity

Cons

• No proprietary platform

• Inactivity fee charged

• Limited educational resources

The full name of Nasdaq is actually the National Association of Securities Dealers Automatic Quotations. The NASDAQ 100 is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the NASDAQ. It's a modified capitalization-weighted index. 

The composition of the Nasdaq 100 is diverse, representing numerous sectors, including technology, health care, consumer services, and communication services, excluding financial companies. However, it is heavily dominated by the technology sector. Companies like Apple, Microsoft, Amazon, Alphabet (Google), Facebook, and Tesla constitute a substantial chunk of the index due to their high market capitalization.

The exact composition can change from time to time as companies are periodically added or removed based on their market capitalization, trading volume, and other factors. For the latest composition of the Nasdaq 100, you can visit the official Nasdaq website - https://www.nasdaq.com/

According to the data observed from the Nasdaq website - https://www.nasdaq.com/market-activity/index/ndx on Aug 28, 2024, the current value is 19,350,78. The website also provides detailed information on market activity, news updates, helpful solutions, and more.

Interactive Brokers (IB) and CMC Markets are highly regarded for their advanced trading platforms and tools, suitable for experienced traders.

Brokers like eToro and AvaTrade are known for their user-friendly platforms and extensive educational resources, making them ideal for beginners.

Yes, all listed brokers are regulated by top-tier financial authorities, ensuring a high level of safety and security for traders.

Some of the top brokers for trading the Nasdaq 100 in 2024 include IG, Interactive Brokers (IB), RoboForex, AvaTrade, XM, Pepperstone, CMC Markets, XTB, eToro, IC Markets Global.