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

Pros	Cons
ZAR Accounts are available	Individual 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

Features of Khwezi Trade

Feature	Information
Regulation	FSCA Authorised OTC Derivatives Provider
Minimum deposit from	R500
Average spread from	0,6 pips
Commissions from	NA
Deposit/Withdrawal Fees	NA
Maximum Leverage	1:400
Bonuses	30%
Customer Support	24/5

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.

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

PROS	CONS
Broad range of tradable instruments	High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

Features of AvaTrade

Feature	Information
Regulation	Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from	$100
Average spread from	0.9 pips
Commissions from	No commission on Forex
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	First Deposit Bonus
Customer Support	24/5 – multilingual

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

Pros	Cons
Low trading fees	High stock CFDs
Free deposit and withdrawal	Limited asset portfolio

Features of XTB

Feature	Information
Regulation	KNF, FCA, CySEC and IFSC
Minimum deposit from	$250
Average spread from	1.02 pips
Commissions from	0.08% of trade value with $8 minimum
Deposit/Withdrawal Fees	$30 on withdrawals of less than $50
Maximum Leverage	1:500
Bonuses	$40 No Deposit Bonus

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.

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

PROS	CONS
Low Forex fees	Limited asset portfolio
High number of currency pairs	High stock CFD fees
Well-regulated

Features OF FOREX.COM

Feature	Information
Regulation	FCA, CIMA
Minimum deposit from	$50
Average spread from	Variable
Commissions from	Commissions on the commission account only
Deposit/Withdrawal Fees	None
Maximum Leverage	Variable dependent on instrument traded
Bonuses	20% Welcome Bonus
Customer Support	24/5

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

PROS	CONS
Ultra-fast execution	No VPS available
More than 30 forex pairs available	No Forex educational tools
Well-regulated

Features of OctaFX

Feature	Information
Regulation	CySEC
Minimum deposit from	$25
Average spread from	0.7 pips
Commissions from	None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	50% Deposit Bonus
Customer Support	24/5

6. FXTM

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

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

PROS	CONS
Superb customer service	Inactivity and withdrawal fees
High maximum leverage	Limited product portfolio
Great educational tools

Features OF FXTM

Feature	Information
Regulation	CySEC, FCA, FSCA
Minimum deposit from	$100
Average spread from	0.9 pips
Commissions from	No commission
Deposit/Withdrawal Fees	$3
Maximum Leverage	1:500 on average
Bonuses	$300 Trading Bonus
Customer Support	24/5

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

Pros	Cons
Low trading fees	Limited account options
Ultra-fast execution
Advanced analytical tools
Low minimum deposit

Features of go markets

Feature	Information
Regulation	ASIC
Minimum deposit from	$1
Average spread from	1.5 pips
Commissions from	None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	30% Deposit Bonus
Customer Support	24/5

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

PROS	CONS
Well-regulated
Tight spreads
Over 130 currency pairs

Features of Exness

Feature	Information
Regulation	CySEC, FCA
Minimum deposit from	$1
Average spread from	1.3 pips
Commissions from	3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal Fees	None
Maximum Leverage	1:2000
Bonuses	Standard +10% Bonus Programme
Customer Support	24/5 – multilingual

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

PROS	CONS
Low forex fees	High stock CFD Fees
Streamlined and fast account opening process	Limited product portfolio
Fast processing for deposits and withdrawals

Features of FP Markets

Feature	Information
Regulation	Australian ASIC, Cypriot CySEC, SCB
Minimum deposit from	$100
Average spread from	0.5 pips
Commissions from	$55 monthly commission for IRESS Trader users only
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	$30 Welcome Bonus
Customer Support	24/5

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

Pros	Cons
No minimum deposit	Limited number of instruments
Low trading fees for forex	No additional research tools
No added costs for withdrawals or deposits

Features of Pepperstone

Feature	Information
Regulation	FCA, ASIC
Minimum deposit from	AUD200
Average spread from	0.4 pips
Commissions from	‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5