HERE IS WHAT YOU SHOULD KNOW ABOUT TRADING NADAQ 100 ON EXNESS
The NAS100 stands out as one of the most coveted stock indices in the trading world. This stock index represents a collection of a hundred of the largest non-financial companies on the NASDAQ. It offers great diversity in a single asset. If you wondered "Does Exness have NASDAQ 100?" The answer is: Yes, Exness does have NAS100 in the offer of assets you can trade.
Notably, when it comes to trading the NASDAQ 100 index, Exness emerges as a prominent platform, offering traders a host of tools and resources to capitalize on market movements. In this comprehensive guide, we will look at everything you need to know about trading the NAS100 on Exness. So here is NAS100 on Exness- everything you should know.
What is the NAS100 Index?
Before we look at the trading specifics, it’s important to have a basic understanding of the NAS100 index. The NASDAQ 100, often referred to as NAS100, represents the performance of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. These companies span various sectors, including technology, consumer discretionary, healthcare, and more. Notable constituents of the NAS100 include tech giants like Apple, Amazon, Microsoft, and Google’s parent company Alphabet.
As a market-weighted index, the NAS100’s performance is influenced primarily by the movements of its constituent stocks. Therefore, shifts in technology and growth sectors tend to have a significant impact on the index as a whole. Given its composition, the NAS100 is often regarded as a gauge of the tech industry’s health and a reflection of investor sentiment towards high-growth stocks.
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Trading NAS100 on Exness
The NAS100 index is available for Nigerian traders on Exness under the ticker USTEC (US Tech 100). This index is available on this broker site with competitive trading conditions and on advanced trading platforms. Traders can trade the USTEC index from Sunday 23:05 to Friday 20:59. There is a daily break of between 21:59 to 23:05.
The spreads for trading the USTEC (NAS 100) are dynamic and depend on market conditions. At the time of writing this, the average spread for the USTEC on the Standard account sits at 51.6 pips, which is fairly high. However, they can go lower on the three Exness professional accounts. On the Pro account, the average spread sits at 32.2 pips with no commission charged. In comparison, the Zero account avails this index with an average spread of 4.5 pips plus a commission of $1.25 per side per lot. Finally, the Raw Spread account has an average spread of 17.1 pips with a commission of $0.625 per side per lot. The margin for this asset in each of the four different accounts is 0.25% and the long swap is 31.954 pips. The short swap is just 0 pips.
Further, the NAS100 is not the only index available on Exness. Exness avails 10 different indices for traders to invest in. Additionally, the broiler provides instruments from other asset classes for traders who want to diversify their portfolios. The other market products available include CFDs on forex, metals, commodities, and cryptocurrencies. This allows investors to place orders in other markets without having to leave the platform.
Exness Trading Platform
The platform that traders use while investing can make or break their trading experience. Traders want a fast order execution platform with advanced capabilities. Luckily, that is what Exness provides. On the Exness trading site, traders can choose between MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness Trade App.
MetaTrader 4 and MetaTrader 5 are two of the most famous trading platforms in the world today. They offer a user-friendly interface packed with advanced functionality. They came with a plethora of charting tools and integration with EAs for automated trading and signals. Exness Terminal and Exness Trade App are the company’s in-house built platforms which also feature intuitive interfaces and advanced capabilities including Exness social trading. All the platforms available have fast order execution times giving Exness an average order execution time of just 25 milliseconds.
Exness Credibility
It is crucial for traders to only invest with brokers that have reputable regulations. No matter the asset you are investing in, you need to pick a broker that has supervision from strict organizations around the world. Well, Exness is regulated by the FSCA in South Africa, the CMA in Kenya, the FCA in the UK, the CySEC in Cyprus, and more. Remember that regulations alone are never enough. But having regulations from multiple organizations is always a good sign.
Moreover, Exness enjoys a good reputation among online reviewers. This broker has a rating of 4.6 stars out of 5 on Trustpilot after a total of over 5,600 reviews. With this rating, it is easy to say that most clients on Exness enjoy the services the broker provides. As such, it is one of the top choices for NAS100 trading.
Why Trade the NAS100 on Exness?
Regulation and Security
Exness is regulated by reputable financial authorities, providing traders with a secure and transparent trading environment. Regulatory compliance instils confidence in traders.
Advanced Trading Technology
Exness boasts cutting-edge trading technology, including robust trading platforms and innovative tools. Whether you prefer the MetaTrader platforms or Exness’ proprietary platforms, there is something for you.
Competitive Spreads
Cost-effective trading is essential for maximizing profits, and Exness delivers on this front. There are four different accounts to trade NAS100 on Exness with different spread structures.
Leverage and Margin Trading
Exness provides access to leverage, allowing traders to amplify their positions and potentially magnify their returns. However, it’s essential to exercise caution when utilizing leverage, as it also increases the risk of losses.
Various Base Account Currencies
Exness lets you decide in what currency you want to hold your trading account. The most popular option is an account held in USD, but you can also opt for an account in Naira, ZAR, KES, GHS, PHP, QAR, PKR, MYR, IDR or any other of the 15 + currencies Exness offers.
Closing Remarks
In conclusion, trading the NAS100 index on Exness comes with considerable benefits for Nigerian traders. With Exness, traders benefit from competitive spreads, advanced trading technology, and a secure regulatory environment backed by reputable financial authorities like the CMA, FSCA, FCA, CySEC, and others. The platform's range of trading accounts caters to various trading styles and preferences. Additionally, Exness offers access to leverage, enabling traders to potentially enhance their returns. With its stellar reputation and commitment to providing top-notch services, Exness emerges as a top choice for those looking to capitalize on NAS100 trading opportunities. Moreover, traders can also diversify their portfolios by investing in assets from other global markets.
