Nadex.com is a website which says that they provide a safe, secure, and reliable trading platform for their investors and traders which focuses on option trading for stocks, currency pairs, commodities, and indices on the exotic options market. The Nadex trading platform focuses specifically on the trading of “binary options.”. Oct 19, 2020 Nadex is not your average run-of-the-mill binary options broker that offers wither a call or put option with various binary options products in between. Nadex binary trading is not a gambling alternative, as there are actual transactions taking place in the market that make it largely similar to FX or CFD trading.

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Broker	Nadex
US Traders Accepted
Company Name	North American Derivatives Exchange, Inc. (Subsidiary of IG Group)
Headquarters	Chicago, USA
Regulation	Regulated by CFTC (NFA ID: 0340344)
Max Payout	Unlimited
Out-of-Money Reward	0%
Trading Platform	Nadex
Early Closure
Deposit Options	E-Check, wire transfer, paper check
Deposit Currencies	US Dollar
Minimum Deposit	$250
Minimum Trade	$1
Online Since	2009
Trading Instruments	Currencies: AUD/JPY, AUD/USD, BTC/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, USD/CHF, USD/JPY Metals: Copper, Gold, Silver Energies: Crude oil, Natural gas Agricultural: Corn, Soybeans Indexes: CHINA 50, FTSE 100, GERMANY 30, JAPAN 225, US 500, US SMALLCAP 2000, US TECH 100, WALL STREET 30 Events: Fed funds rate, Jobless claims, Nonfarm payrolls
Number of Trading Instruments	28
Binary Option Types	Exchange-traded Call/Put and Spreads
Customer Support Types	Phone, email, paper mail
Education Offered	Webinars, trading videos, handbooks, how-to pages
Tools Offered	Market commentary, early closure, protection against market spikes, limit orders
Commission	Trading fees: $1 per contract capped at $50 (cap does not apply to in-the-money trades). Wire transfer and returned check fees: $25. Monthly inactivity fee: $10.
Languages	English
Demo Account	Yes

Nadex is very different from the other binary options brokers we have reviewed on this site. Nadex stands for the North American Derivatives Exchange, formerly known as HedgeStreet. The current owner of the company is IG Group, and it is based in Chicago, Illinois. Not only does the company accept US traders, but its services are geared toward US traders specifically. The site is only available in English and you can trade only in US Dollars. So this is not a good site for global traders, but it is an excellent choice for US traders.

The Nadex Distinction

What sets Nadex apart from all the other binary options brokers around the globe? Only few binary options brokers are actually regulated as such and not as something else (i.e. a gambling commission or a private bank). And NADEX is not even a broker per se but an exchange. Nadex is regulated by the CFTC and all applicable US laws. As such, it is exceptionally trustworthy. If it is important to you to know your money is secure, Nadex is probably your best bet. All funds are segregated, and the company even tells you where they are stored. And since you know that they have to abide by US laws, you can feel safe and assured while trading with them.

Signing Up for a Nadex Account

Nadex offers free demo accounts to US residents. You are allowed to demo test for as long as you like, and all you need to sign up to play with $25,000 in practice funds is an email address. You definitely should sign up for a demo account before you sign up for a live account and make a deposit. The reason for this goes beyond the simple need to test trades before trading live to make sure your system works. The Nadex platform is proprietary and it is very different from other online binary options platforms. You will not be able to learn how to use it while trading with real money without losing some. You absolutely must take some time to learn using virtual money or you will make mistakes. There are lots of amazing features on the platform, however, including a ton of different indicators you can place on the charts. Customization is a huge part of Nadex’s offerings.

To sign up on Nadex, you only need an email account for a demo account. You will need to provide your social security number and other identifiable information for a real account. You would need to deposit at least $250 to get started, using E-check, wire deposit, or a paper check sent through the mail.

Trade Features

Nadex offers 28 different trading instruments, including currencies, commodities, stocks indices, and occasional events. Events offer you a new and exciting way to trade the news. While we were only able to find references on-site to trading High/Low, we found a number of references around the internet stating you can also do Boundary and One Touch trades (though this may be for spreads, another service Nadex offers).

Trading with Nadex is very different from other binary options sites. You do actually have to purchase contracts to trade. As such, you have to do a mathematical calculation every time you trade (though the software will display it for you) to figure out the maximum profit or loss possible with a given trade. The tick value is $1. There is a page on the site which tells you all the contract specs. The smallest units we saw available to trade were 0.1 tick size x 1 contract. This is theoretically equivalent to a dime.

All trades expire in or out of the money, with values defined at 100 or 0. You have to calculate price movement against that scale, multiply that movement by the contract size, and multiply that value by the tick size. This is slightly different for each type of asset. There are examples on the site explaining how calculations are managed for commodities, currencies, stock indices.

Another thing which new traders need to know is that Nadex does charge fees, and they are pretty expensive. The fees aren’t just for wire transfers and returned checks ($25 each), but for trading as well. The fees add up to $1 per contract capped at $50 (no cap on in-the-money trades). Settlement fees are equivalent. So you have to calculate that into your money management plan. This makes trading less accessible to traders with small accounts, despite the fact that you can open an account with only $250.

Also, the company charges inactive accounts (accounts with no binary option trade executed during past 12 months) $10 per month. Dormant accounts with less than $10 balance will be charged the remaining balance to reduce it down to $0. Zero-balance accounts may be then terminated by Nadex.

Resources, Tools, and Customer Service

Resources and tools on Nadex are outstanding. When you join the site, you have access to webinars, handbooks, how-to pages, and trading videos. After you open up a demo account, you will receive an email which gives you access to webinars which teach you how to use the demo platform. There is also market commentary on the website, and several cool trading features: limit orders, early closure, and protection against market spikes. Customer service is not available via live chat, unfortunately, but you may reach an agent through phone, email, or paper mail.

Conclusion

Is Nadex right for you? It depends largely on how serious you are about your trading. If you are in this to gamble for fun, you probably want to trade with a binary options broker who gears their services toward traders who are more casual. You would find Nadex a bit overwhelming, especially with all the calculations involved. If you are a serious trader, however, Nadex is one of the best choices out there. You will have to take the time to learn to use the platform, but if you aren’t willing to do that, you aren’t really serious. The customization, trading tools, indicators, charts and other features really set Nadex apart, and so does the fact that this is binary options exchange, which is actually regulated by the CFTC.

Visit Nadex →

6 Traders' Reviews

1. I have traded other binary options companies and find nadex to be one of the best, especially for a new trader learning the ropes

2. I really like Nadex and the experience so far has been okay. Like with all Binary brokers, you need to make sure all the bases are covered in your account. If anything is off by a hint, they will lock you out until resolved and you may feel this may be in the favor of the company and not you…isn’t that always the case? They are still under regulation of the CFTC, but understand like any arbitration or disputes, a certain dollar amount has to be involved to really be serious.

   I would say that the customer service is okay for the most part. However if you are an experienced trader and have questions that their ‘specialists’ don’t know the answers to, they sometimes have a habit of becoming irritated. Maybe due to the influx of calls. All emails to customer support do not get an actual reply. They will be acknowledged by the automated mail system, but sometimes that is it. Maybe due to the influx of emails.

   Their trading platform is acceptable, but once again, if you are an experienced trader you might notice a lack of sophistication that may have you wanting more feedback. This of course is my personal opinion.

   Execution during both high and low volume(which is not directly given) can be a bit loose. By agreement the contracted mkt makers(2 of them. I’ve researched that some contracts are specifically traded by either or not both, but the customer sup says otherwise.) The spread during a settling market will remain at ten dollars apart. Again, by contractual agreement Nadex requires the mkt makers to do so. However, Nadex publicizes that their profit is not made from the spread and only is made per contract execution fee.

   Order fills are sometimes a bit loose. Maybe due to latency, not sure once again and is just my experience.

   All in all I like what has to offer overall. It isn’t perfect and still has that ‘online gambling’ feel to it rather than a sophisticated trading platform in some aspects. But again this is just my personal opinion. I am curious its future of this broker which proclaims to be an actual exchange. I definitely recommend trying it if you want the regulation of the CFTC in your binary trading. I do feel there are a few things that need to be worked on, after all we’re taking about placing your money with them. I’m the type of person that looks at these kinds of things and may come off sounding too astringent, but I really do like Nadex and hope to see them grow in a manner that keeps things fair for both them and their customers. Good luck

3. Also, I want to add that I will continue to use Nadex. Good luck

   • How quick are the withdrawals to received the money?

     thanks

4. I traded on Nadex for about three months. I was new to Binary Options and really learned quite a bit. I did all my learning of Binary Options on Nadex. I recommend Nadex because they are a full service site. Not only can you learn how to trade, but Nadex offers videos to help you learn. At Nadex, you are in charge of your trades. You make the trades. Other Binary Options companies, you release your money to the broker, and the broker or staff member makes the trades for you. I would suggest to any aspiring trader to learn the business on Nadex, and then, if you want to let a more experienced person trade for you, then use the services of a broker. This way, you learn the business and can talk intelligently with the broker that is managing your trades. Please note that Nadex is a regulated, US, broker based in Chicago, Illinois. Many brokers are overseas in Europe, England, or Australia. I hear that Finpari.com is a good company. But you will have to judge for yourself. Best of luck.

5. I am a beginner and all those reviews who praises it and suggest it for other newbies are clearly paid by nadex. all of them left out the real details about the platform that will surprise you and cause ur initial deposit to be gone in few trades. They are lot more rules and traps to learn than regular BO. as this site mentions in the vague review above the minimum trade says $1. Wow that sounds good but guess what every trade and positions cost $1. So really no reason to trade $1.

   Here is another misleading rule to this platform Which claim to have 100 strike prices to choose from. Well guess what only? about 4 of them Closest to the market price have acceptable contract price due to likelines of being in the money Which averages to $80-90 to win $100. super high risk and way costly. ect to pay

   Unless u r experienced and know what u r doing and be as quick as the other pros. U would be lucky to conatantly get anything under $70.
   there is more but I dont recommend beginners to get in. And btw the DEMO is way easier than the live version. I was making awesome profit on demo then live chewed me up in 4 trades Down to 11 dollra. The only thing I can do with that is buy a contract 99.99% guaranteed otm. I mind as well just hand them my money.

Leave a review

Bonus	N/A
Min. Deposit	$250
Mobile	Yes
Website	www.nadex.com
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The world has seen its fair share of binary options scams, and the increasing number of financial frauds in the industry are forcing countries to reconsider their regulatory standards to supervise the activities of financial entities. The US has strict norms and policies when it comes to financial investments, and has created an excellent binary options regulatory environment that protects investors from financial malpractices. Of course, the high amount of regulation does have its drawbacks, but any company that is regulated by the US authorities are found to be superior in almost all aspects.

Nadex is one of the most popular binary options exchanges in the US market and enjoys a great amount of presence in virtually all countries across the globe. Nadex comes highly recommended due to their attention to detail in offering the best binary options products, and are also committed to offering the best customer service experience. For detailed trading specifications and more information on the company’s financial products, we have created a thorough Nadex review that includes all the relevant data to help you in your quest to find the best binary options broker.

Nadex Regulatory Information

Nadex has fairly strong company fundamentals and is one of the most reliable companies in the binary options market. Unlike companies that have set up shop in the US, only to exit a few years later, Nadex has been a prominent player in the US financial markets since its launch in 2009. The North American Derivatives Exchange (Nadex), is one of only a few binary options companies that is registered as an exchange, rather than an outright broker. US regulations stipulate that brokers should have no conflict of interest with traders, which is why Nadex was developed as an exchange house at the outset.

Nadex has its official headquarters in Chicago and was launched by the IG Group, a UK-based company that is listed in the FTSE-250. IG Group has been one of the more consistent and powerful performers of the UK stock market, with a significant presence across Europe and Asia-Pacific. The IG Group is responsible for maintaining a large number of financial companies dealing in Forex, stocks, commodities, bonds, and indices market, thereby making it one of the largest liquidity providers in the industry.

Nadex, as a binary options exchange, has no conflict of interest with its clients. All orders are transacted between buyers and sellers. Nadex does not determine the price of assets, as the contracts are offered at market prices and according to the available liquidity. Therefore, binary options trading with Nadex can certainly be one of the best options for traders as far as security and reliability are concerned.

Nadex Assets

Nadex concentrates on keeping its binary options asset portfolio as simple as possible. The company does not become a counterparty to the traders’ positions. Traditionally, binary options trading is considered to be a contract between a broker and a trader, and the broker can either choose to pass on its position to other traders or absorb the orders entirely. Nadex cannot become a counterparty to its positions, due to US regulation. Here is a list of assets you can trade on the exchange:

Forex – EUR/USD, AUD/USD, EUR/GBP, GBP/USD, USD/CAD, AUD/JPY, USD/JPY, GBP/JPY, EUR/JPY, USD/CHF

Indices – Wall Street 30 (DOW), US 500 (S&P 500), US Tech 100 (NASDAQ), US SmallCap 2000 (Russell 2000), China 50, FTSE 100, Germany 30 (DAX), Japan 225 (Nikkei)

Commodities – Gold, Silver, Copper, Crude Oil, Natural Gas, Corn, Soybeans, Bitcoins

News – Fed Funds Rate, Weekly Jobless Claims, Nonfarm Payroll

Nadex offers up to 9000 contracts daily, and traders have not reported any problems with the liquidity of the contracts. Trading the news is an excellent option, particularly when traders are looking to trade the event and not the consequence. Not every binary options broker allows you to trade the news directly, which makes it all the more alluring to trade binary options with Nadex.

Nadex is always looking at innovative methods to add more value to their users. They have now released a new type of contracts called Touch Contracts. It adds a lot more flexibility to their offering, as they are suited to all levels of experience.

With the Nadex Touch Brackets, you can speculate on price movements inside of a defined range. The contract’s value changes depending on the performance of the market. You will buy the contracts when the expectation is a market rise an vice versa if the market is expected to fall.

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With the micro lot sizes, you are able to make trades with very small capital put down. This makes it suitable for beginner traders who are still learning the ropes. As there is no slippage, you will know from the beginning what your maximum risk exposure will be.

Nadex has also made a change to their popular spreads market, but only in name. This instrument feature will now be called Nadex Call Spreads. This is used in order to trade on the changes of two separate prices.

They have natural profit targets and stop loss features built into them. This allows you to be more accurate with your forecasting on your potential risk and reward.

Nadex Payouts & Cost Of Trading

It is recommended for traders to carefully learn about the unique concept adopted by Nadex, before investing in the markets. Nadex is not your average run-of-the-mill binary options broker that offers wither a call or put option with various binary options products in between. Nadex binary trading is not a gambling alternative, as there are actual transactions taking place in the market that make it largely similar to FX or CFD trading. Nadex offers fixed time binary options contracts to its traders, where there will be a buy side and a sell side.

Each Nadex contract is assigned a fixed value of $0 and $100, where $0 is the value for an out-of-the-money trade, while $100 is assigned to in-the-money trades. The underlying concept remains the same, as traders will make a profit or loss at the time of expiry, but the profits and losses can be controlled to a greater extent. Nadex allows its users to enter contracts in between the expiry times, and can also choose to exit the markets prematurely, provided there is sufficient liquidity in the markets to accept the order.

The payouts for profitable Nadex contracts can reach up to 150%, primarily due to the unique nature of trading, while traders can also receive refunds for losing trades if they are closed before the expiry. Therefore, the potential risk-reward ratio is lower than other binary options brokers. Higher payouts are certainly an incentive for traders to choose Nadex as their primary binary options company, but the initial investment per trade depends on the contract chosen and the liquidity available in the market.

Nadex does charge a fee for its services. There is a $1 fee per contract, which is how the company is compensated for its services, and there is a maximum fee of $50 per position. Therefore, for every contract, the trader will have to pay in multiples of $1, until the trader reaches 50 contract sizes, where the fee is fixed at $50 for all positions, regardless of any increase in the contract size. We are not really bothered about the fees of trading, as it does ensure that there is absolutely no conflict of interest between the broker and the trader.

Nadex Platform

The Nadex binary options platform is designed to suit the unique products offered by the company. The interface works on any compatible web browser, and grants access to the markets through a platform that offers a guarantee of 99.9% uptime. Nadex trading platforms are slightly different from the conventional norms, as regardless of the 24 hours nature of the market, Nadex only provides market access for 23 hours a day. It does not present any significant inconvenience to the trader, but some traders may find the reduced market timings to be a slight disadvantage. However, in real market conditions, an hour of market downtime rarely makes a difference, as there are times during the market that witnesses a low amount of liquidity.

Nadex platform is an award-winning software and is developed entirely in-house. The platform is pretty advanced and has an extensive set of features that are typically absent in other binary options platforms. Traders can use the pop-out feature to create independent charts of assets and can also add multiple indicators and drawings to personalise the trading experience. If you are a serious trader, the Nadex Platform is the best interface in the market for advanced charting options, and for detailed technical analysis of an asset.

Nadex Mobile App For Smartphones & Tablets

Almost all mobile users are cared for by Nadex, as the company unique and well-designed apps for iOS, Android and Progressive Web App (PWA) platforms. The Nadex apps are advanced applications available for the smartphone and tablet market and facilitate a comprehensive coverage of the market for the best technical and fundamental analysis of an asset.

Nadex is always looking to innovate as can be seen from their mobile offering. Their mobile app is called NadexGo for Mobile. It works just as smoothly as the desktop platform and you have access to all of the same features.

This means that you are able to place your trades on the go, as well as conduct your research and analysis without compromising on quality. This is now one of the best mobile offerings in the sector, which makes Nadex stand out from the crowd.

Nadex Minimum Deposit

A Nadex trading account is relatively inexpensive, especially for a company that offers the safety of US regulation. Traders can utilise Nadex’s services for a minimum deposit of $100, which grants full access to the binary options products and platforms. The company has made sure that it has ensure access for all sectors of the market, and is especially concerned about catering to both retail and institutional traders.

Payments can be made through wire transfers and credit/debit card payments, which provide secure means for making a deposit or withdrawal. However, for now, traders shouldn’t expect to be able to make payments via e-wallets or other payment processors, which is a small inconvenience for traders.

Nadex makes sure that all traders’ funds are moved to segregated accounts and are subjected to extreme scrutiny by CFTC and other independent authorities. Nadex has a positive reputation in the industry and is by far the best binary options company for guaranteeing the safety and security of traders’ investments.

Nadex Does Not Pay Bonuses

Nadex does not provide hefty bonuses to attract clients. In fact, regulated binary options brokers now stay away from any type of bonus program. The US authorities are particularly strict when it comes to trading conditions associated with bonuses, and instruct all regulated members to make sure that they do not create any adverse trading environment that may have a direct conflict of interest with their clients.

Nadex also does not have any loyalty program. However, there is the option of a waiver on fees for trading, which is offered for a limited period. The Free Trading Days, as they are more popularly known, offer a complete waiver of fees for trading, for up to 10 days from the first deposit. The last one offered a minimum deposit of $500, two free trading days, while a subsequent increase in the initial deposits qualifies for higher free trading days. Other than the free trading days, traders shouldn’t expect anything much from the broker in terms of bonus or promotions.

Nadex Virtual Trading

Traders can’t be faulted for wanting to test binary options trading through a demo account. Almost all major financial products such as FX and commodities trading offer a dedicated demo account for virtual. However, such an option is quite scarce among binary options brokers. Nadex, on the contrary, offers a free lifetime demo account and is representative of why Nadex continues to be one of the leading binary options brokers in the market. The demo account offers a realistic trading environment, but the actual trading volumes and liquidity may vary according to live market conditions.

Nadex Customer Support

Nadex operates within the traditional framework of how a broker is expected to function in the financial market. The customer service department can be reached by phone and email, or through a web contact form. As for customer support through live chat, the company is currently working on a solution. Regardless, all customer interactions are held in a professional and responsive manner that meets the expectations set by traders on a CFTC regulated binary options company.

Nadex Resources

Nadex does not provide any trading signals, technical analysis, or any other trading materials, in a bid to avoid creating any conflict with its traders. However, the broker does provide a basic training program that should help a trader to get advanced insights into the dynamics of the market. It is certainly a safe strategy by the broker to avoid interfering with their clients’ trading activities purposefully.

Nadex Verdict

Pros

• An exchange and not a broker, which ensures no conflict of interest for traders.
• Regulated by the CFTC and accepts traders from the US and over 40 countries around the world.
• A unique platform that offers advanced trading tools and custom indicators.
• Offers a lifetime demo account.

Is Nadex Gambling Winnings

Cons

• Trading assets are limited.
• The concept may be confusing to new traders.
• No deposits on bonus offered.

FAQ

Does Nadex Accept Traders From The US?

Yes, Nadex is approved by the CFTC and offers trading services for US traders.

What Is The Minimum Deposit?

The minimum deposit for an account is $100.

Does Nadex Offer Mobile Apps For Trading?

Yes, there are mobile trading platforms called Nadex Go for both iOS and Android devices, and a new Progressive Web App that doesn’t need to be downloaded and updates automatically.

Does Nadex Allow You To Trade The News?

Nadex offers the option of trading news events and does not hinder the ability to invest during significant economic releases.

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