. As long as you've got a trading account that lets you trade US stocks, you can invest in NASDAQ from Australia.
How can I invest in NASDAQ in Australia?
Yes, there are several ways you can invest in NASDAQ from Australia. These days, many share-trading platforms and brokers offer access to US stock markets. You can buy individual stocks that are listed on NASDAQ or invest in index funds that track the performance of the NASDAQ stock market, for example.
It's also possible to trade the NASDAQ through CFDs on the futures market, however, this is a far riskier strategy.
Is NASDAQ a good investment?
That depends on how it performs. As with all investing, there is a risk. NASDAQ and the US in general have been the powerhouse of global growth for many years.
The NASDAQ stock market is the world's second-largest stock exchange by market capitalisation after the New York Stock Exchange, and is also based in New York. It's the home of some of the most globally renowned companies and the growth of the whole index reflects that.
NASDAQ also offers high liquidity and trading options. As a result, Australian investors looking to expand their portfolio will be able to trade over 3,300 stocks on NASDAQ.
How to invest in NASDAQ
- Choose a broker or trading platform. Different platforms have different fees and account options, so it's important you pick the one that best suits your investing needs. You can compare a range of share-trading platforms that let you invest in NASDAQ below.
- Open a share-trading account. Once you've selected which broker or platform you'd like to use, you'll need to open an account with a share-trading platform or broker to start investing.
- Deposit funds. All brokers will let you deposit in pounds, and then will either convert your funds into US dollars or leave them as pounds. If your funds are left in pounds, it's likely you'll need to pay an FX fee on each trade, which can end up costing more overall.
- Buy NASDAQ shares. Once your account is set up and funded, you can begin buying and selling shares.
Compare NASDAQ share-trading platforms
Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.
How much does it cost to invest in NASDAQ?
Some brokers or trading platforms in Australia will charge you a commission on every trade, while others may only charge you an FX fee when you initially deposit pounds, then charge no commission on trades.
It's important that you understand the fee structure of each platform before using it to trade. Certain brokers or platforms will suit different types of investors but may prove to be expensive if you're only investing small amounts.
If you're investing via an index fund, you should also look at what the fund's management fees are. In Australia, these are typically known as MER fees.
Other ways to invest in NASDAQ
If you want to invest in NASDAQ but don't want to buy NASDAQ stock directly, you have other options. You can buy an exchange-traded fund that tracks the performance of the entire NASDAQ index, as well as indices like the S&P 500 or Dow Jones Industrial Average.
- The BetaShares Nasdaq 100 ETF (ASX Code: NDQ)
Which stocks are on NASDAQ?
There are over 3,300 stocks available on NASDAQ, including many of the largest companies in the world by market capitalisation.
Popular NASDAQ stocks include:
- Alphabet (GOOG)
- Amazon (AMZN)
- Apple (AAPL)
- eBay (EBAY)
- Facebook (FB)
- Microsoft (MSFT)
- Netflix (NFLX)
- Tesla (TSLA)
The NASDAQ Composite (IXIC) is a stock market index that tracks the common stocks and securities on NASDAQ. The NASDAQ-100 is an index that tracks a subset of the top 100 non-financial stocks on NASDAQ. You can invest in these indices by buying an ETF that specifically tracks the performance of the stocks in the index.
NASDAQ trading hours
NASDAQ is open during regular US market hours, which are 9:30am to 4pm (Eastern time), Monday to Friday.
Warning: The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
The National Association of Securities Dealers Automated Quotations (NASDAQ) is the second-largest stock exchange in the world. It's very technology-heavy, being the home to all of the