Nadex Review

Overall, Nadex is very competitive in terms of its trading fees and spreads. Their spread is super low compared to other regulated brokers, there are no hidden trading fees, and commission with Binary and Knock-Off accounts is very straightforward. Nadex is regulated by the CFTC.

Nadex At a Glance

Overall Rating

• 3.7/5

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OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

CFTC

Trading Platform

Proprietary Platform

Crypto

No

Total Pairs

10

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Nadex below.

Nadex Review – 19 key point quick overview:

1. Nadex At a Glance
2. Nadex Overview
3. Nadex Safety and Security
4. Nadex Sign-Up Bonus
5. Nadex Minimum Deposit
6. Nadex Demo Account
7. Nadex Accounts
8. Nadex Market Instruments
9. Nadex Fees, Spreads & Commissions
10. Nadex Deposit and Withdrawal
11. Nadex Trading Platforms
12. Nadex Best Countries by Traders
13. Nadex Current Popularity Trend
14. Nadex vs Exness vs XM – a Comparison
15. Nadex Customer Reviews
16. Nadex Pros and Cons
17. Nadex Conclusion
18. Nadex Disclaimer
19. Frequently Asked Questions

Nadex Overview

According to research in South Africa, Nadex based in Chicago is a CFTC-regulated binary options exchange. Nadex is not only the first, but also the largest exchange that is based in the United States which offers the option to trade in binary options along with spreads in a limited risk, low cost, and legal way.

Traders can trade binary options along with spreads on various markets by only using one account which can be used either on a desktop, tablet or phone. Nadex provides a sophisticated, robust and professional trading platform for binary options.

Traders need to ensure that they understand that Nadex is not a broker and that the company, therefore, works with several market makers and operations run according to United States Government regulations.

This means that Nadex does not take any sort of position in the markets themselves but works to match buyers and sellers.

IG Group is one of the world’s largest holdings pertaining to brokerage and investment and Nadex is the North American Unit.

Trading through Nadex is a great opportunity for traders who have had to trade through offshore entities, which is not highly recommended due to a lack of reliability and regulation.

Nadex offers traders the opportunity to trade a vast variety of binary options along with spreads on stock indices, forex and commodities that are available for trade by using a single account along with the platform that Nadex provides.

Nadex Safety and Security

Nadex is not only fully but also respectfully regulated by the CFTC in the United States in providing financial exchange services to traders. US Authority are not only strict but is also quite demanding.

Nadex also forms part of IG Holdings and this company is highly reputable and multiply regulated.

Nadex’s operations and business are fully in compliance with international safety measures that are in place, all business conduct is also strictly overseen by authorising and regulating entities.

Trades are executed in a fair manner that also falls in compliance with US laws and Nadex also provides a trading environment that is not only fully collateralized, but has an absence of leveraged risk, margin calls and debt risk.

There is a very strict risk-controlling system that is in place that Nadex must comply with and client funds are not only strongly protected in various means, but client funds are also kept in segregated accounts with reputable US banks.

Nadex Sign-Up Bonus

Nadex does offer new traders a sign-up bonus or also known as a welcome bonus of $100 when depositing the amount of $1000 as their first trading amount.

Nadex Minimum Deposit

The minimum deposit amount required to register a Nadex trading account is $250. This minimum deposit is equivalent to R4000 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

Nadex Demo Account

Nadex does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Nadex demo account does not have a specific expiry date.

Nadex Accounts

Nadex offers traders an option between two standard individual accounts, and the one is specifically available to US residents while the other for International clients.

There is also a business account option available for trusts, partnerships, LLC’s and corporations. In addition, Nadex also offers a demo account.

Due to the nature of their business, there is no real difference between the accounts indicated on the Nadex website, apart from the requirements to open an account. The accounts are standard and basic.

What really counts in Nadex’s favor is that they can provide international clients the same safety and security as they do for US clients. International traders can use Nadex’s products and services knowing that their funds will be secure.

How to open a Nadex account

1.  Step 1 – Register an account

Navigate to the Nadex website, and select the option to open an account.

2.  Step 2 –Complete Registrations

Complete all personal information requested and select the “next” option until the option to Register is reached.  Once registration is completed trader will receive verification request email and list of documentation that will be required.

Nadex Market Instruments

Nadex provides both US and international clients the opportunity to trade in a wide variety of global markets, legally, and by using only one account. Nadex also uses binary options and spreads that have a limited risk when trading.

Although there are only a limited number of instruments that traders can use, the added benefit of traders never being stopped out or receiving a margin call is an added benefit that is not offered by traditional brokers.

Stock Indices

This allows traders to trade both binary options and spread contracts which are based purely on prices pertaining to underlying futures. The stock indices options that Nadex offers are:

• Wall Street 30
• US 500
• US Tech 100
• US SmallCap 2000
• China 50
• FTSE 100
• Germany 30, and
• Japan 225

Forex

As Forex trading is the world’s largest market, it will be hard to find a broker that does not offer traders with the option to trade in Forex. There is a variety of strategies available that traders can use when it comes to Forex trading.

With Nadex, binary options, call spreads along with Touch Bracket™ contracts, is a new way and improved way of trading Forex and more traders are choosing this method in which to trade Forex.

Nadex unfortunately only offers traders ten currency pairs with which to trade, which are:

• EUR/USD
• AUD/USD
• EUR/GBP
• GBP/USD
• USD/CAD
• USD/CHF
• AUD/JPY
• USD/JPY
• GPB/JPY, and
• EUR/JPY

The advantage of trading Forex through Nadex is that all contracts are fully collateralized, which means that traders only stand to lose what they paid, and this is their maximum possible loss.

Commodities

The market for commodity futures is one of the largest in the world and hosts massive trading volumes as commodities are basic to everyday life. With Nadex’s trading binaries and spreads, the trading game is much more different than with traditional brokers.

Traders have limited risk and a lower cost of entry when trading commodities through Nadex, along with traders never being stopped out or getting a margin call.

Nadex offers binaries on the following:

• Precious Metals such as gold, silver, and copper
• Energies such as crude oil and natural gas
• Agricultural commodities such as corn and soybeans

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Nadex Fees, Spreads & Commissions

Nadex’s fees are very simple and straightforward, and it’s always a good idea for traders to understand all trading fees before they start trading.

When traders enter and exit a trade before it expires, there is a $1 trading fee per contract. Should the trade expire ‘in the money, there is a $1 settlement fee per contract, and should it expire ‘out of the money, there is no settlement fee.

With regards to call spreads and Touch Bracket™ contracts the fee applicable to entry and exit before expiration is $1 per contract whereas, with trade expiration, there is a $1 settlement fee per contract.

With regards to this, should the per-contract settlement pay-out be greater than $0, there is a fee to be charged for the position and this then exceeds the total settlement pay-out required for that position, and there will be a reduction of the total settlement pay-out.

In addition to these fees, there is a $250 minimum opening balance on the Nadex account and when considering the comprehensive offering that Nadex has, this is not a lot.

With regards to fees on deposits and withdrawals, there are transaction fees that will be charged by Nadex which includes a $25 fee on wire withdrawals as well as $25 should a deposit be returned.

Nadex Deposit and Withdrawal 

Nadex offers a variety of ways for both US and international clients through which deposits and withdrawals can be made.

US clients can use the following payment options to make deposits:

• Debit Card
• ACH or Bank Transfer
• Wire Transfer
• Paper Check

Withdrawals made by US clients can be made using the following options:

• ACH
• Wire Transfer
• Debit Card

In turn, international clients can use either their debit card or international Bank Transfer to make deposits and withdraw funds.

When making a deposit with a debit card, both US and international clients need to be aware of the one-time debit card verification process on all new deposits made by using a debit card.

In addition, there are fees waived by Nadex for withdrawals that are made by using Wire Transfer which is applicable to both US clients and international clients. The fees applicable are $25 which is a processing fee.

Nadex Trading Platforms

Nadex offers traders a choice between two trading platforms which are:

• Nadex Trader Platform
• Nadex Mobile Platform

There is also an option to access a demo trading platform which is included when opening a demo account with Nadex.

Nadex Trader Platform

This trading platform can be accessed by using an internet browser and traders are provided with direct access to the Nadex exchange along with other global markets. There are no fees involved with using this platform

The platform can be used by desktop computers and laptops that run either Windows, Mac or Linux software and can be accessed no matter where in the world the trader, who has a Nadex account, is located.

The Nadex Trader Platform has the following features:

• Depth of Market along with advanced orders
• Free real-time data along with charts
• Orders can be placed directly to the exchange
• Free real-time indicative data
• Orders can be placed directly from charts, and more

NadexGo

NadexGo is the mobile trading platform provided by Nadex which allows traders to trade whenever they want to no matter where they are in the world.

NadexGo has the following features:

• Charting and technical analysis features
• Market access which is not only real-time but also direct, and many more

Nadex Best Countries by Traders

Nadex Current Popularity Trend

According to Google Trends, here is an overview of how frequently the search term – “Nadex” is entered into Google’s search engine over a given period of time.

Nadex vs Exness vs XM – a Comparison

Nadex  Customer Reviews

I was confused

I was confused. I couldn’t tell if I made or lost money.
The customer service person from Nadex who called (I lost his name) explained that I could find that information in Account / Reporting History / History.
Et Voila! Now all my trade data can be downloaded into a well-organized spreadsheet!

THANKS!

And with that, I have a trading platform that I’m happy to use and recommend to friends.

Mike

Good platform and good support

Good platform and good support. The only issue I have is the price and spreads on the live account compared to the demo. It’s a lot easier to make money on demo compared to live. Overall, I’d recommend them though

Wondering why in my demo account I…

Wondering why in my demo account I cannot see my orders, positions, and 24hour history from the screen that I view charts and place demo trades. How can a person monitor the profit and loss when the position info listed above is not available.

Nadex Pros and Cons

Nadex Conclusion

Overall, Nadex is very competitive in terms of its trading fees and spreads. Their spread is super low compared to other regulated brokers, there are no hidden trading fees, and commission with Binary and Knock-Off accounts is very straightforward. Their accounts also have super low spreads.

Nadex provides an offering that is not only promising but also very competitive seeing that traders can trade binary options and spreads. The fact that Nadex is strictly and fully regulated in the US provides both US and international clients with a sense of security.

Nadex provides traders with a comprehensive cost strategy with a commission that is a mere $1 per contract. Provision is made for educational tools and resources to ensure that beginner trader have all they need to start their journey to becoming professionals.

The minimum required deposit is low when compared with what is being offered and a lot of brokers will not be able to beat Nadex’s offering.

Nadex makes provision for traders on all levels of experience and offers innovative technology with regards to the trading platform options, along with it being easy to access at any time, from anywhere in the world

Nadex Disclaimer 

The trading of binary options through Nadex involves risks that may not be suitable for all traders. Traders need to be aware of the risks involved which include losing their cost to enter transactions, this includes losing fees.

Traders need to consider their objectives, level of risk exposure along with their willingness to be exposed to risks and should consult independent professionals for advice should they deem it necessary, according to research in South Africa.

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Frequently Asked Questions

Is Nadex a fake or scam broker?

No, Nadex is not a fake or scam broker as it adheres to the strict regulation of the CFTC, (Commodity Futures Trading Commission) that regulates the U.S. derivatives markets.

For which type of trader is Nadex best suited?

Nadex is best suited for binary options traders, more advanced traders who have a good understanding of the derivatives markets and knock-out and call spread traders.

Does Nadex manipulate the market?

No, Nadex does not manipulate the market.

What is the minimum deposit for Nadex?

The minimum deposit requirement for Nadex is $250 USD.

Where is the headquarters of Nadex?

The headquarters of Nadex is located in Chicago, USA.