Nasdaq launches crypto custody services for institutional clients. The company has established a group dedicated to digital asset.
Nasdaq (Nasdaq: NDAQ) has recently announced its intention to venture into crypto custody services for institutional clients. The company has assembled a group dedicated to digital assets that will initially offer crypto custody services for Bitcoin (BTC) and Ethereum (ETH). Nasdaq has also onboarded Ira Auerbach, who previously worked at Gemini, a cryptocurrency exchange and custodian firm.
Wall Street’s biggest corporations continue dipping their toes into the cryptocurrency market as investors’ interest persists despite the obvious crypto turmoil. The attitude towards cryptocurrency has changed which is proved by the launch of the two largest investment banks such as Goldman Sachs and JP Morgan.
This move would mark a brand new chapter for the company. As a custodian of digital assets, Nasdaq would be competing with such crypto giants as Coinbase, Anchorage Digital, and BitGo.
Nasdaq doesn’t have any immediate plan to start a crypto exchange yet; however, it will evaluate the opportunity based on the regulatory environment and competitive landscape.
About Nasdaq
Nasdaq is a multinational financial services corporation that operates three stock exchanges in the USA (Nasdaq stock exchange, Philadelphia stock exchange, and Boston stock exchange), as well as operates 29 markets, one clearinghouse, and five central securities depositories in the United States and Europe.
Originally, the name of the corporation was an acronym for “National Association of Securities Dealers Automated Quotations”. It started as a subsidiary of National Association of Securities Dealers (NASD), known as the Financial Industry Regulatory Authority (FINRA).
Nasdaq separated from NASD in 2006. In 2008, it merged with the Scandinavian exchanges group OMX to become the Nasdaq OMX Group. Later on, in 2015, the company changed its name to Nasdaq, Inc.
Nasdaq created the first online stock electronic stock market enabling traders worldwide to trade positions.
For this list, we have searched and tested several brokers with Nasdaq.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads. We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpicked the best brokers with Nasdaq based on our trading data and experience as a trader.
What is Nasdaq?
Nasdaq – originally “National Association of Securities Dealers Automated Quotations” – is a globalonline stock exchange market operating since 1971; it is the world’s second-largest market after NYSE (New York Security Exchange). For more information read Nasdaq’s Wikipedia article or visit their official website nasdaq.com.
It started as a subsidiary of the National Association of Securities Dealers (NASD), a predecessor to the Financial Industry Regulatory Authority (FINRA).
Later in 2006, it split from the NASD and began to operate as a national securities exchange.
Since its introduction in 1971, Nasdaq has listed approximately 4,000 companies: such tech giants as Google, Amazon, Apple, Microsoft, Meta, Tesla, Nvidia, etc.
In 2008, it merged with Scandinavian exchanges group OMX to become the Nasdaq OMX Group.
Nasdaq is a publicly-traded company, hence you can buy or invest in the company’s shares. There are several ways how traders can trade Nasdaq:
Trade Nasdaq directly
trade Nasdaq through ETFs
trade Nasdaq shares
speculate only on a price movement by CFDs Trading without owning the instrument itself
Trading Nasdaq might be quite costly and require a large margin, so traders can trade micro or mini Nasdaq 100.
Many forex and CFD brokers allow traders to gain exposure to Nasdaq 100 Index on a CFD basis without owning the actual shares, but rather speculate on price movements.
Best Nasdaq Brokers
To come up with this list, we reviewed several brokers with Nasdaq offering Nasdaq CFD trading. We opened live accounts with each broker depositing between $4,000-$5,000 and placed real trades to see the conditions and spreads offered by each broker.
We chose CMC Markets as the best broker with Nasdaq overall.
Established in 1989, CMC Markets is an industry-leading global CFD broker regulated by many top-tier regulators such as FCA, ASIC, and MAS just to mention a few. It provides trading with Forex, Indices, Stocks, ETFs, Commodities, Treasuries, and Cryptocurrencies with low spreads and no account or deposit fees. The broker also provides high-quality educational materials and outstanding research tools.
Best Beginners Forex Broker for Nasdaq
We picked IG Markets as the best broker with Nasdaq for beginners.
IG is a well-established financial firm that has been around since 1974. They offer trading conditions suited for traders of all levels, with 7 tier 1 regulatory bodies overseeing them including FMA (New Zealand) and FINMA(Switzerland). With such high standards in place to protect your account from wrongdoing on their end, you can feel assured about setting up an attractive forex or cryptocurrency trade through this broker.
The broker offers outstanding educational materials through its IG Academy, as well as a demo account to try different strategies.
Best Nasdaq Stock Brokers
We chose Interactive Brokers as the best broker for Nasdaq stocks.
Interactive Brokers is one of the top-rated brokers that has been around since 1993 offering 135 markets across 33 countries. It offers a great trading platform with significantly low spreads and excellent auto trading features.
IB gives access to Nasdaq stocks with 0 or low commissions with no account minimum or inactivity fees.
Best MT5 Brokers with Nasdaq
We picked XM from the best MT5 brokers with Nasdaq.
XM is a popular broker offering more than 1,300 CFDs with tight spreads as low as 0 pips.
In terms of platforms, XM doesn’t offer any proprietary platforms but instead offers top-rate MT4 and MT5 platforms with the best offerings in the market- tight spreads, low account fees, and access to the most popular markets.
Top 10 Nasdaq Brokers List
Apart from the above-mentioned list of best brokers with Nasdaq, we have compiled a list of the Top 10 brokers with Nasdaq.
Forex Broker
Test Details
Broker Review
eToro
Deposit Amount: Over $6,000 Total Trade: 18 trades
Many traders have a lot of questions related to trading. We tried to give comprehensive answers to the most important queries related to brokers with Nasdaq.
Nasdaq Brokers with Low Minimum Deposit
Trading Nasdaq is also possible with a low minimum deposit. Here are some brokers with Nasdaq offering low or no deposit:
Interactive Brokers
TD Ameritrade
Fidelity
Brokers with Nasdaq Micro
Brokers with Micro Nasdaq offer traders exposure to the leading U.S. stock Nasdaq index in smaller-size contracts with lower margins, however Brokers with real trade of Nasdaq will offer Micro Nasdaq, CFD Brokers offering will depend solely on the broker trading conditions overall.
