The NASDAQ and US100 are popular stock indices for traders, representing the top 100 companies on the NASDAQ stock exchange. To start trading these indices, you’ll need to open an account with a broker that offers access to them.
I know you have heard of NASDAQ and may have been looking to add it to your quotes tab on MT5 but have not been able to. It is important to know that not all brokers offer NASDAQ as a tradable instrument. To trade NASDAQ on MT5, you need to create an account with a broker that offers it and then connect your account to MT5.
In this post, I am going to show you how to open an account with a broker that has NASDAQ as a tradable instrument and then connect the account to MT5 so that you will be able to trade NASDAQ on MT5.
Let's jump into it!
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How to Add NAS100 on MT5
Here are steps to add NAS100 on MT5 and get started trading it;
Step 1: Open account with a Broker that offers NAS100
There are few brokers that offer NAS100 as a tradeable stock index. Research and select a reputable broker that aligns with your trading needs and preferences. Two of the most popular brokers that offer NASDAQ are Deriv and Pocket Option. Deriv is the one I personally use, so I am going to show you how to open an account on Deriv and connect it to MT5 so that you can trade NAS100 with Deriv.
To open an account on Deriv, visit Deriv's Sign Up page, and you will be brought to a page that looks like this:
Then you can sign up with your email or using your Google account. After signing up, you will be brought to a page that looks like this:
Then click on the get real account button to verify your Deriv account and create real account.
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Step 2: Create a Deriv MT5 account
For you to be able to trade NASDAQ using Deriv as a broker, you need to create a Deriv MT5 account and connect it to MT5.
To begin, visit the traders hub and then scroll down to the CFDs section, then click on a get button as shown below.
Note: My own is showing "open button" because I had created an account before. When you click on a get up, you will be prompted to enter a password. The password is what you will use to connect your account to MT5.
Step 3: Connect your account to MT5
After creating a Deriv MT5 account on Deriv, the next thing for you to connect the account to MT5.
To begin, click on the open button;
Then you will see your MT5 login details, as shown in the image below:
The you can use the detail to connect your account to MT5. You can follow the video below to learn how to connect your account to MT5
Step 4: Add NAS100 to the quote tab on MT5
After connecting your Deriv MT5 account to MT5, you can now add NAS100 to the quote tab and then start trading it.
On Deriv MT5, NASDAQ is called US Tech 100. So, if you wanna trade NASDAQ, you need to search for US Tech 100..
To begin, open your MT5 app, Make sure you logged into the Deriv account you connected to MT5, then navigate to the quote tab and click on the "+" button as shown below.
Then scroll down and select stock indices;
Then you will see US Tech 100. tap on it to add to the quote tab. Just like I said before, Another name for NASDAQ is US Tech 100.