10 Best Nas100/Nasdaq Forex brokers in Africa

My recommended broker I use to trade Nasdaq is Deriv Broker. The NASDAQ is a profitable index for traders that is operated and controlled by NASDAQ Inc. in the United States. With one of the best NASDAQ 100 Forex Brokers in Africa on this list, you may trade NASDAQ CFDs online.

To operate within the African boundaries, brokers offering online platforms to trade Nasdaq and FX must have an FAIS license and an ODP license (or a pending application with the FSCA). Providing Financial Services of any kind without being regulated by the FSCA is a criminal offense in Africa.

10 Best Nas100/Nasdaq Forex brokers in Africa

1. Khwezi Trade

Khwezi Trade is the best choice if you’re looking for a recognized and licensed South African brokerage firm.

Khwezi Trade, a branch of Khwezi Financial Services (Pty), is the first South African-owned FX platform to be granted an OTC license by the Financial Services Commission of South Africa (FSCA).

Khwezi Trade has trading accounts that are denominated in ZAR. Customers can take advantage of excellent trading conditions, attentive customer support, and a large selection of free deposit and withdrawal options provided by the South African broker.

Silver, Gold, Platinum, and Diamond are the four account tiers offered by Khwezi Trade. Each tier has its own set of characteristics and advantages. These accounts each have their own set of features and benefits, making them suitable for traders of all skill levels and trading styles.

Khwezi Trade is worth considering if you are a South African trader searching for a local broker with local regulation, local offices, local assistance, and a local bank.

pros and cons of Khwezi Trade

ProsCons
ZAR Accounts are availableIndividual stock trading not possible
FSCA regulations apply to this South African-based company
Provides a wide variety of trading tools
Trading costs are reasonable
Authorised OTC licence ensures compliance with applicable regulations
A vast variety of trading options are available
pros and cons of Khwezi Trade

Features of Khwezi Trade

FeatureInformation
RegulationFSCA Authorised OTC Derivatives Provider
Minimum deposit fromR500
Average spread from0,6 pips
Commissions fromNA
Deposit/Withdrawal FeesNA
Maximum Leverage1:400
Bonuses30%
Customer Support24/5
Features of Khwezi Trade

2. AvaTrade

AvaTrade is a Forex/CFD broker with a long history. It was created in 2006 and has its administrative headquarters in Dublin, Ireland. AvaTrade is one of the first major retail Forex/CFD brokers, therefore it has a long history.

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AvaTrade offers a number of cutting-edge platforms, including as MT4 and MT5, WebTrader, AvaOptions, and the award-winning AvaTradeGO mobile app.

AvaProtectTM, a one-of-a-kind risk management solution, gives you the most secure trading environment possible. AvaTrade clients can choose from a large range of popular global instruments.

pros and cons of AvaTrade

PROSCONS
Broad range of tradable instrumentsHigh EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources
pros and cons of AvaTrade

Features of AvaTrade

FeatureInformation
RegulationCentral Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from$100
Average spread from0.9 pips
Commissions fromNo commission on Forex
Deposit/Withdrawal FeesNone
Maximum Leverage1:400
BonusesFirst Deposit Bonus
Customer Support24/5 – multilingual
Features of AvaTrade

3. XTB

According to its website, XTB was created in 2002 and is currently one of the world’s largest stock exchange-listed brokers. It is well-known for conducting thorough research, being transparent, and finishing requests quickly. Low rates are available on all of XTB’s marketplaces and tradable assets.

FX trading, commodities, equities, ETFs, and cryptocurrency pairings are all examples of tradable assets. The main financial institutions, such as the Financial Conduct Authority, tightly regulate XTB (FCA).

Because XTB runs on two platforms, it can run on almost any computer or mobile device. XTB has won numerous international accolades for its low costs and quick order fulfillment.

pros and cons of XTB

ProsCons
Low trading feesHigh stock CFDs
Free deposit and withdrawalLimited asset portfolio
pros and cons of XTB

Features of XTB

FeatureInformation
RegulationKNF, FCA, CySEC and IFSC
Minimum deposit from$250
Average spread from1.02 pips
Commissions from0.08% of trade value with $8 minimum
Deposit/Withdrawal Fees$30 on withdrawals of less than $50
Maximum Leverage1:500
Bonuses$40 No Deposit Bonus
Features of XTB

4. Forex.com

You may trade a wide selection of financial assets on Forex.com, including currencies, commodities, and stocks. The US-based company operates in an open and secure manner, despite being governed by a number of nations.

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Forex.com is a prominent trading website for currencies and other assets around the world. The authorized brokerage has excellent security procedures in place to protect your money. Forex.com supports over 80 currency pairs, precious metals, futures, and options.

PROS AND CONS OF fOREX.COM

PROSCONS
Low Forex feesLimited asset portfolio
High number of currency pairsHigh stock CFD fees
Well-regulated
PROS AND CONS OF fOREX.COM

Features OF FOREX.COM

FeatureInformation
RegulationFCA, CIMA
Minimum deposit from$50
Average spread fromVariable
Commissions fromCommissions on the commission account only
Deposit/Withdrawal FeesNone
Maximum LeverageVariable dependent on instrument traded
Bonuses20% Welcome Bonus
Customer Support24/5
Features OF FOREX.COM

5. OctaFX

OctaFX, a STP broker based in Saint Vincent and the Grenadines, was founded in 2011 and currently serves traders from over 100 countries.

OctaFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), in addition to the Financial Services Authority of St Vincent and the Grenadines.

A minimum investment of 25 USD is required to start an OctaFX trading account, while OctaFX recommends that traders deposit at least 100 USD.

Hedging, scalping, and copy trading are all possible with OctaFX in tenths of a second. Islamic bank accounts are available to those who follow Islam.

pros and cons of OctaFX

PROSCONS
Ultra-fast executionNo VPS available
More than 30 forex pairs availableNo Forex educational tools
Well-regulated
OctaFX

Features of OctaFX

FeatureInformation
RegulationCySEC
Minimum deposit from$25
Average spread from0.7 pips
Commissions from None
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
Bonuses50% Deposit Bonus
Customer Support24/5
FEATURES OF OCTAFX

6. FXTM

FXTM has earned a name for itself in the industry as a top broker in frontier and emerging markets.

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An upgraded trading interface, proprietary copy-trading services, and high-quality educational resources are available to users. FXTM is one of the best in the business when it comes to commission-based pricing.

FXTM’s portfolio now includes 1,227 equities CFDs and 420 US-listed stocks, as well as 63 currency pairings and 0 cryptocurrency pairs. Although there is a limited variety of commodities, including index CFDs, the overall assortment of trading instruments is relatively competitive.

FXTM is a fantastic broker for high-frequency traders and scalpers. It has become a market leader for emerging and frontier market dealers.

PROS AND CONS OF FXTM

PROSCONS
Superb customer serviceInactivity and withdrawal fees
High maximum leverageLimited product portfolio
Great educational tools
PROS AND CONS OF FXTM

Features OF FXTM

FeatureInformation
RegulationCySEC, FCA, FSCA
Minimum deposit from$100
Average spread from0.9 pips
Commissions fromNo commission
Deposit/Withdrawal Fees$3
Maximum Leverage1:500 on average
Bonuses$300 Trading Bonus
Customer Support24/5
Features OF FXTM

7. GO Markets

GO Markets is a regulated broker that offers over 600 trading products from a single account, including Forex, Share CFDs, Indices, Metals, and Commodities.

They offer robust and user-friendly trading platforms, as well as a variety of trading materials and a complete educational center.

Go Markets offers exceptionally competitive trading conditions, including tight spreads, low fees, and quick transaction execution speeds at the best rates currently available. There are numerous deposit and withdrawal options accessible, as well as customer assistance available 24 hours a day, seven days a week.

Pros and cons of Go Markets

ProsCons
Low trading feesLimited account options
Ultra-fast execution
Advanced analytical tools
Low minimum deposit
Pros and cons of Go Markets

Features of go markets

FeatureInformation
RegulationASIC
Minimum deposit from$1
Average spread from1.5 pips
Commissions fromNone
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
Bonuses30% Deposit Bonus
Customer Support24/5
Features of go markets

8. Exness

Exness is authorised to operate by the Financial Services Authority (FSA) of Seychelles and the Financial Sector Conduct Authority (FSCA) of South Africa.

Users can trade on more than 200 financial CFD products, including FX, stocks, indices, energy, metals, and cryptocurrencies, using the broker’s unique online trader interface or MetaTrader 4/MetaTrader 5.

Virtual Private Server (VPS), social trading, trade calculators, and Tick History downloads are just a few of the firm’s other trading offerings. Having said that, the research and educational materials are also jam-packed with useful information.

pros and cons of Exness

PROSCONS
Well-regulated
Tight spreads
Over 130 currency pairs
pros and cons of Exness

Features of Exness

FeatureInformation
RegulationCySEC, FCA
Minimum deposit from$1
Average spread from1.3 pips
Commissions from3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal FeesNone
Maximum Leverage1:2000
BonusesStandard +10% Bonus Programme
Customer Support24/5 – multilingual
Features of Exness

9. FP Markets

FP Markets is a well-known CFD and foreign exchange broker. On nearly 10,000 CFD items, raw, tight spreads of 0.0 pips are offered.

Customers can use the broker’s raw pricing, which it receives directly from its top-tier liquidity sources, to tap into a broad liquidity pool of regulated financial institutions.

pros and cons of FP Markets

PROSCONS
Low forex feesHigh stock CFD Fees
Streamlined and fast account opening processLimited product portfolio
Fast processing for deposits and withdrawals
pros and cons of FP Markets

Features of FP Markets

FeatureInformation
RegulationAustralian ASIC, Cypriot CySEC, SCB
Minimum deposit from$100
Average spread from0.5 pips
Commissions from $55 monthly commission for IRESS Trader users only
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
Bonuses$30 Welcome Bonus
Customer Support24/5
Features of FP Markets

10. Pepperstone

FP Markets is a well-known CFD and FX brokerage firm. Over 10,000 CFD items have raw, tight spreads of 0.0 pips available.

Customers can use the broker’s raw pricing, which it receives directly from its top-tier liquidity suppliers, to access a large liquidity pool of regulated financial institutions.

pros and cons of Pepperstone

ProsCons
No minimum depositLimited number of instruments
Low trading fees for forexNo additional research tools
No added costs for withdrawals or deposits
pros and cons of Pepperstone

Features of Pepperstone

FeatureInformation
RegulationFCA, ASIC
Minimum deposit fromAUD200
Average spread from0.4 pips
Commissions from‎$3.76 commission per lot per trade
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
BonusesNone
Customer Support24/5
Features of Pepperstone

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