Min. Deposit: $250
Platforms: Nadex Platfrom, NadexGO
Found in: 2004
- North American Derivatives Exchange, Inc. - authorized by CFTC (USA)
Min. Deposit: $250
Platforms: Nadex Platfrom, NadexGO
Found in: 2004
North American Derivatives Exchange, better known as Nadex is Trading Broker the first and actually largest US exchange that offers legal and fully regulated opportunities to trade Binary options, Touch Bracket and Call Spreads.
There is a dramatic difference between a broker and an exchange. Since Nadex matches buyers and sellers, it does not take any positions in any of the markets. So Nadex is fully legit US Broker with access to Regulated Binary Options Exchange.
We learned that Nadex is a regulated financial exchange designed for binary options, call spreads, and knock-outs, providing secure and innovative ways to participate in the markets. Traders have access to multiple markets for ongoing series of short-term trading opportunities.
Based on our findings, Nadex is an established, and reliable exchange regulated in the US. The exchange has an excellent reputation since it provides competitive trading proposals, and is the only Regulated exchange to trade binary options. Nadex offers great trading tools and technology with low fees.
For the Cons, binary options are a risky trading instrument, and also there is no 24/7 customer support.
|Strong establishment and US regulation||No 24/7 support|
|Good reputation||Binary Option is risky trading instrument|
|The Only Binary Options Regulated Broker|
|Competitive trading proposal, legal way to trade binary options|
|Great trading tools and trading technology|
|Proprietary awarded software|
|Low fees and commissions|
|📉 Instruments||Binary options and spreads trading on stock indices, Forex and commodities|
|🖥 Platforms||Nadex Platfrom, NadexGO|
|💳 Minimum deposit||$250|
|💰 EUR/USD Spread||Commission $1 per contract side|
|💰 Base currencies||USD|
|🎮 Demo Account||Available|
|📚 Education||Learning center with comprehensive materials, webinars and seminars|
|☎ Customer Support||24/5|
Based on our Expert research, Nadex is a well-regulated financial exchange with safe and very favorable trading conditions. The platform is ideal for short-term traders who want to engage in binary options and spreads trading.
|Advantages||Low Deposit||Platforms||Trading Conditions|
We learned that Nadex offers a range of trading instruments, good trading conditions, and also low trading spreads and fees, also it doesnt have competitors on being only one Regulated Binary Options Broker in US. However, there are a number of other brokers or exchanges that provide good trading services too. Here are some of the best alternatives to Nadex:
As a global reputable exchange company, Nadex has over 10,000 hourly, daily, and weekly contracts traded five days a week on desktop and mobile platforms. It is a highly regarded company, which has gained great reviews from global traders for its transparency and good quality services.
No, Nadex is not a scam. Nadex is a US-based company located in Chicago and is regulated by the CFTC as a financial exchange. Based on our findings, Nadex indeed is a pioneer company that offers a fully legal way to trade binary options and Call Spreads.
Yes, Nadex is a legit and regulated exchange. The company is regulated by the sharp US authority that offers a fully legal way to trade Options, Spreads, and more.
See our conclusion on Nadex Reliability:
|Nadex Strong Points||Nadex Weak Points|
|Established according to the United States CFTC and NFA regulation||No stop-loss mechanism|
|Global expands over 50 countries|
|Negative balance protection|
|Security of funds|
We learned that Nadex operations are strictly overseen and comply with international safety measures while the client is protected by numerous obligations.
Nadex also defines its function as an exchange service company that ensures all trades are executed fairly and in accordance with US laws, while the environment is fully collateralized without leveraged risk, with no margin calls or debt risk. In particular, Nadex complies with solid risk control trading systems and strong protection of client money, while all your funds are kept in segregated accounts in US banks.
Leverage, which is defined as a loan given by the broker to the trader, enables vast trading opportunities because a multiplied size of your initial capital allows you to operate at a much bigger size in exchange for increasing potential to make higher gains. However, the leverage significantly increases risk levels too.
Therefore, leverage may be risky at the point you set it wrong especially at the highest, non-reasonable levels and this is the case why regulatory restrictions impose lower maximum levels.
We found that Nadex offers a live account with no minimum deposit required, as well as a demo account that comes with $10,000 in virtual funds.
|Fast digital account opening||Limited number of trading instruments|
|Account feature defined by the type of investor|
|Various base currencies supported|
Opening an account with Nadex is quite easy. You should follow the opening account or log-in page and proceed with the guided steps:
We found that Nadex offers a wide range of binary options and call spreads trading on stock indices, Forex, and commodities markets, all available from a single account and the platform offered by Nadex.
Based on our findings, traders can start trading Binary Options by following these steps carefully:
However, we recommend avoiding any kind of risk that could result in the loss of your capital.
Based on our research, Nadex offers transparent fee conditions based on commission charges, which are considered to be low commissions.
|Fees||Nadex Fees||Pepperstone Fees||IG Fees|
We learned that Nadex call spreads or trading costs are actually built into the commission basis, while you pay only $1 per contract side with no other fees, which is considered low cost trading.
This is a great option for traders of all levels of experience, as this commission-based model makes your calculations easy and lets you know exactly your expense per trade.
|Asset/ Pair||Nadex Spread||Pepperstone Spread||IG Spread|
|EUR USD Spread||0.25 pips||0.77 pips||0.6 pips|
|Crude Oil WTI Spread||0.25 pips||2.3 pips||3 pips|
|BTC USD Spread||$1.00||31.39||65|
We found that after you open your free account with Nadex and deposit funds into the trading account, you can begin trading almost instantly. There might be slight differences between the treatment of US or international clients, due to regulatory restrictions, so make sure to check conditions with Nadex Customer Support.
Here are some good and negative points for Nadex funding methods found:
|Nadex Advantage||Nadex Disadvantage|
|Fast digital deposits, including Credit/Debit Cards||Some withdrawal methods may add on fees|
|No internal fees for deposits and withdrawals|
|Multiple account base currencies|
|Withdrawal requests confirmed within 3-5 business days|
Generally, there are several deposit options available for your transactions to or from the account, including:
Nadex’s minimum deposit is $250, which will allow US residents to open an individual account. A business or entity account will require other conditions, as they mainly are tailored solutions in all aspects.
Nadex minimum deposit vs other brokers
|Nadex||Most Other Brokers|
For withdrawal of Nadex funds, you may choose either bank wire transfer or ACH withdrawal, which are available for both US and international traders. Nadex does not charge any fees for an ACH withdrawal, however, a bank wire withdrawal will cost $25 for processing fees.
Based on our Expert research, we found that Nadex offers its proprietary Nadex web and desktop trading platforms and NadexGO mobile app.
|Platforms||Nadex Platforms||Pepperstone Platforms||XM Platforms|
Nadex offers online and mobile platforms that allow you to take short-term positions and speculate on the minimum price movements for an offered wide range of markets. Nadex platforms connect you directly to the Nadex exchange, so the pricing is built accurately and orders are placed quickly.
We learned that the Nadex desktop platform is equipped with powerful characteristics, which allow you to track, manage, and analyze markets in the best manner with its full-featured charts, technical indicators, and drawing tools, signals.
Also, you will get free access to market data with unique ladder charts, making trading from charts easy and possible by selecting markets and orders to be placed, which is a good offering overall.
NadexGO is another addition to your seamless trading as a mobile version, which is synchronized with the desktop version but allows you to state up-to-date on-the-go from almost any point so long as you have an Internet connection.
Nadex also provides unparalleled, reliable, and high level support to their traders and clients. The customer service team is available via phone and Live Chat, and you can also leave your question or request via an online form.
See our find and ranking on Customer Service Quality:
|Quick responses||No 24/7 customer support|
|Live Chat and phone lines|
|Online access to requests|
We found that Nadex also has an established Learning Center, so you can deepen your knowledge and potentially become a better trader with comprehensive learning materials, webinars, and seminars held on a regular basis by Nadex specialists.
Concluding the Nadex review, we admit that Nadex is very promising and indeed competitive since traders will get a pure opportunity to trade Binary Options and Call Spreads with a fully regulated company in the US, which is the only one offering in the market compared with unreliable offshore brokers.
In addition, traders will get a great cost strategy with a commission of $1 per contract, vast educational material, great support from the company, and low deposits to begin.
Based on Our findings and Financial Expert Opinions Nadex is Good for:
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$100 mysteriously disappeared from my account. Will be filing complain with federal regulators if not resolved.