Nadex Review

Nadex
Free Trading Days
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Overview

Contents1 Overview2 Trading Platform3 Types of Accounts3.1 Demo Account4 Assets Offered by Nadex for Trading5 Minimum Deposit Requirements, Offered Bonuses/Promotions6 Payout7 Trading Fees8 Deposit and Withdrawal Methods8.1 Safety9 Customer support10… more

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Details

BrokerNadex
Website URLwww.nadex.com
Founded2004
HeadquartersChicago, USA
Support NumberUS Toll Free: 1 877 776 2339
Support TypesUS Toll Free , E-mail
LanguagesEnglish
Trading PlatformPropietary
Minimum 1st Deposit$250
Minimum Account Size$250
Minimum Trade Amount$1
BonusFree Trading Days
Max. Payout100%+
Free Demo Account Open Demo
Regulated Yes
Regulation Commodity Futures Trading Commission (CFTC)
Fees Yes
Fee Info1) $1 per contract (capped at $50) / Settlement fees for in the money contract is $1 (no cap) 2) $25 Withdrawal fee 3) $25 Returned Deposit
Commissions Yes
Deposit MethodsDebit Cards , ACH , Wire Transfers
Types of Assets8 Stock Indices , 10 Currency Pairs, 7 Commodities, 3 Events
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score4.8

Pros

  • It's one of the only CFTC Regulated binary options Exchanges in United States
  • Free Demo Account
  • Your funds are held in segregated US bank accounts
  • Low Fees
  • Excellent Education tools ( webinars, videos,..)
  • Outstanding 24 / 7 Customer support by phone and email

Cons

  • Not classical binary options CALL / PUT

Full Review

Last Nadex review update: 24th January 2017

Nadex review

Overview

NADEX is the abbreviation for the North American Derivatives Exchanges and they are one of the only CFTC regulated binary options exchanges  in United States. Nadex is designated as a Contract Market and Derivatives Clearing Organization by the Commodity Futures Trading Commission (CFTC). Hence, they are regulated by one of the strictest government regulatory authorities in the world.

They operate as a US company from its Chicago, IL, office located at the Suite 2675 of 311 South Wacker Drive. The official company name of Nadex is North American Derivatives Exchange, Inc, and it’s owned by IG Group, the UK ‘s largestspread betting firm.

Trading Platform

02_platform

03_ticket_windowNadex offers a fully cloud based trading platform, which means that as a binary options trader, you do not need to download or maintain the security of any software on your laptop. It also means that you can login to your trading account from virtually any modern computer with a supported browser. All you need is your username and password to login to the Nadex platform.

They provides their state of the art, easy to use, trading platform absolutely free to its customers. The trading platform offers real time streaming price data to binary options traders at no additional cost.

05_charts

06_drawings

Besides the browser based trading platform, Nadex also offers a mobile app for both Apple iOS and Android mobile devices.

08_nadex_mob

Types of Accounts

Unlike most binary options platforms, Nadex only offers a single account that incorporates all of its trading assets, including Forex, indices and other trading instruments. Although it sounds complicated to trade everything from a single type of account, we found the online trading platform offered by them to be a breeze to use.

Demo Account

They provide a Free demo account with $25,000 in practice funds.

Assets Offered by Nadex for Trading

Nadex offers a range of assets, including Forex, stock indices, commodities, and even macroeconomic events like Fed fund rates, jobless claims, and nonfarm payroll count for trading.

Under Forex, binary options traders would be happy to learn that ten of the most popular major and cross Forex pairs are being offered for trading, including: 1) EUR/USD, 2) GBP/USD, 3) USD/JPY, 4) EUR/JPY, 5) AUD/USD, 6) USD/CAD, 7) GBP/JPY, 8) USD/CHF, 9) EUR/GBP, and 10) AUD/JPY.

Under stock indices, Nadex currently offers some of the major stock market index for trading, including: 1) Wall Street 30, 2) US 500, 3) US Tech 100, 4) US SmallCap 2000, 5) China 50, 6) FTSE 100, 7), Germany 30, and 8) Japan 225 (Nikkei 225 index futures).

Minimum Deposit Requirements, Offered Bonuses/Promotions

Nadex allows binary options traders to open a live account without any fees. However, to do so, traders must deposit a minimum $250, which will be credited to their account as trading capital.

Nadex.com has been running a promotion called FEE HOLIDAY BONUS that enables traders to enjoy fee free trading for a defined number of days based on their first initial deposits.

07_promo

For example, if you put a $250 as your first deposit after opening a live account, you will enjoy 3 days of fee free trading. Traders are allowed to deposit as high as $10,000 as their initial deposit, where they will enjoy up to 15 days of fee free trading under this promotional offer.

Payout

Compared to some of the typical international binary options brokers, Nadex offers a variable payout ratio. Nadex have put out a number of educational videos on their website and on their YouTube channel that explains how their proprietary payout ratio works.

In one example, this platform demonstrated that in that particular trade, binary option traders can buy 10 contracts, where each contract would worth $1 per point, and the maximum payout could be as high as $790 against a maximum loss of $210.

The user friendly Nadex trading platform will always show the maximum profit and maximum loss a trader will have on any given trade on any given timeframe when they will try to place a trade in the market.

Trading Fees

The NADEX fees are very simple and reasonable:  $1 per contract (capped at $50.00). No fees for 51 contracted and above.

Regarding the settlement fees, it’s just 1$ if the contract end “in money” or exit before expiration (no cap) , and absolutely no fees if the contract end out of money.

Deposit and Withdrawal Methods

04_funding

Nadex, as one of the few regulated binary options exchanges platforms, offers three funding and withdrawal methods for customers, including, Debit Card, Bank/ACH Transfer, and Wire Transfer.

However, if you want to make a single deposit above $10,000 Nadex currently only supports Debit Card for such high value transactions.

Non-US customers of Nadex can also enjoy Debit Card and Wire Transfer funding and withdrawal options, but the ACH transfer method is currently only reserved for U.S. based customers.

It’s a $25 fee for wire withdrawals. No fees for electronic withdrawals and check deposits.

Safety

All member funds with this platform are held in segregated bank accounts at BMO Harris Bank and Fifth Third Bank in accordance with CFTC Regulation.

Customer support

They offer two channels for providing customer support. You can reach their every attentive customer support desk at customerservice@nadex.com and if you already have an account with them, you can directly call U.S. toll-free number at +1 877 776 2339. If you are an international customer of Nadex, they also offer a separate number (+1 312 884 0100). Nadex offers customer service via phone during 6pm ET Sunday through 4.15pm ET Friday.

Furthermore, if you do not have an account with Nadex yet, you can reach their customer service to get help at U.S. Toll-Free:   1 866 296 0167 and +1 312 884 0162 during 9am-9pm ET, Mon-Thurs and till 4.15pm ET on Fridays,

Nadex Review: Summary

When it comes to enjoying binary options trading, U.S. citizens and permanent residents have been suffering from finding good brokers because most of the international brokers have restricted them from opening an account.

However, Nadex being based in Chicago and a regulated exchange by the Commodity Futures Trading Commission (CFTC), they have given U.S. legal residents an opportunity to try out binary options trading under a well-regulated environment. Not to mention, foreign binary options traders can also enjoy the same level of service and regulation by trading with Nadex.

If you are based in the U.S. and would like to trade binary options, opening an account with Nadex is a no-brainer as they offer some of the easiest to use trading features in their state of the art cloud based trading platform. Also, as a busy professional, you have the option to trade on the go from their mobile apps as well.

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Average rating:  
 2 reviews
Regulated platform
City,Country: San Francisco, CA

NADEX works for me. They are CFTC regulated and based in Chicago.

Trusted broker
Pros: Regulated broker, free demo
Cons: platform not very friendly
City,Country: New York

I'm trading with no issues with Nadex. They are regulated in USA so it's safe with no withdrawal problems.

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