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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.Read Full Review
|Support Number||US Toll Free: 1 877 776 2339|
|Support Types||US Toll Free , E-mail|
|Minimum 1st Deposit||$250|
|Minimum Account Size||$250|
|Minimum Trade Amount||$1|
|Bonus||Free Education courses|
|Free Demo Account||Open Demo|
|Regulation||Commodity Futures Trading Commission (CFTC)|
|Fee Info||Nadex fees are $1 per contract per side.|
|Deposit Methods||Debit Cards , ACH , Wire Transfers , Paper check|
|Withdrawal Methods||ACH Withdrawal , Wire Transfer , Debit card|
|Types of Assets||8 Stock Indices , 10 Currency Pairs, 7 Commodities|
- 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 customer support via phone and email 6 days a week”
- Not deposit bonus offered
Overview: What is Nadex?
- 0.1 Overview: What is Nadex?
- 0.2 Trading Platform
- 0.3 Types of Accounts
- 0.4 Assets Offered by Nadex for Trading
- 0.5 Minimum Deposit Requirements, Offered Bonuses/Promotions
- 0.6 Payout
- 0.7 Trading Fees
- 0.8 Deposit and Withdrawal Methods
- 0.9 Safety
- 0.10 Customer support
- 0.11 — Review Update on January 2019 —-
- 1 Nadex Review: Summary
NADEX is the abbreviation for the North American Derivatives Exchanges and they are one of the only CFTC regulated binary options exchanges in the 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 200 W Jackson – Suite 1400. The official company name of Nadex is North American Derivatives Exchange, Inc, and it’s owned by IG Group, the UK’s largest spread betting firm.
How to use the Nadex platform?
Nadex 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 log in 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 provide 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.
Mobile Trading: NadexGO
Besides the browser-based trading platform, Nadex also offers a new Progressive Web App (PWA) called NadexGO that work on all mobile devices ( Apple iOS and Android ). It’s Next Generation Technology that gives users Real-Time, Direct Market Access.
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.
They provide a Free demo account with $25,000 in practice funds.
Assets Offered by Nadex for Trading
They offer a wide range of markets, including Forex, Bitcoin/cryptocurrency, 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:
Under stock indices, Nadex currently offers some of the major stock market indexes for trading, including:
- Wall Street 30
- FTSE 100
- US Tech 100
- US SmallCap 2000
- China 50
- China 50
- FTSE 100
- 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 of $250, which will be credited to their account as trading capital.
Nadex.com is offering FREE EDUCATION courses in its learning centre to all traders.
Compared to some of the typical international binary options brokers, Nadex offers a variable payout ratio. Nadex has put out a number of educational videos on their website and on their YouTube channel that explains how their proprietary payout ratio works.
The user-friendly Nadex.com 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.
The NADEX.com fees are very simple and reasonable: $1 per contract per side.
Regarding the settlement fees, it’s just 1$ if the contract ends “in money” or exit before expiration, and absolutely no fees if the contract ends out of money.
Deposit and Withdrawal Methods
They are, as one of the few regulated binary options exchanges platforms, offers three funding and withdrawal methods for customers, including:
- Debit Card
- Bank/ACH Transfer
- Wire Transfer.
However,if you want to make a single deposit about $50,000, you can do that via wire transfer
Non-US customers of Nadex can also enjoy Debit Card and Wire Transfer funding and withdrawal options, but Nadex.com only provide ACH transfer method to U.S. based customers.
There is a $25.00 processing fee for International Bank Transfer withdrawals. No fees for electronic withdrawals and check deposits.
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.
They offer two channels for providing customer support. You can reach their every attentive customer support desk at [email protected] 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 6 pm ET Sunday through 4.15 pm 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 9 am-9 pm ET, Mon-Thurs and till 4.15 pm ET on Fridays.
— Review Update on January 2019 —-
Nadex Touch Bracket™ contracts
Nadex has up the ante by bringing a novel and innovative contract they tag Touch Bracket™ contracts.
These new contracts are tailored for both newbies in the trading sector or seasoned veterans. The contracts offer numerous merits not available in similar types of trading.
The contract enables traders to speculate on a particular market’s prices under a specified range. The price range has both an upper and a lower limit. The lower limit is capped by the floor, while that of the upper is set by the ceiling. The value of the market moves linearly with respect to the price range. As it is with any form of trading, you sell when the market is heading down, and buy when it is heading up.
The good thing about the Touch Bracket™ contracts. is that anyone can thrive on it, and with the flexibility it provides, you can trade even the more popular markets with low capital requirements. Newbies can quickly become conversant with how things work, and gain the much-needed trading experience they need. Even forex traders aren’t left out, you have control of their risk exposure, and at the same time, they can scale up into the required size. The control afforded by the Touch Bracket™ contracts means risk control is ensured all through the trade. You won’t lose more than is expected, and there is certainly no surprises lurking in the shadows. You are entirely in control the whole time, and you don’t have to worry about any unknown parameters. The good news is that since the risk is already specified, the maximum risk one would encounter will be only the capital used in the trade.
Nadex has given a new name to their famous spread, and they will henceforth officially be called Call Spreads.
The Call Spread allows you to trade the movement between two specified price levels. Not only does it allow you to trade with your natural profit targets, but it also guarantees you risk protection. When compared with a stop-loss, the floor and ceiling of a Nadex Spread still offer a better loss coverage. You are also guaranteed your natural profit target. What this means is that you will still be in the trade and not lose more than what is specified by the floor and ceiling.
Introducing NadexGo™; A responsive mobile platform
Nadex has launched a new update of its mobile platform called NadexGo™ for Mobile. The mobile app is compatible with the desktop platform and allows users to shuffle between each platform effortlessly. Users can make their trade on one platform and monitor proceedings on the other. The mobile platform has all the tools, indicators and charts required to trade. The AI of this Progressive Web App (PWA) automatically updates, that way you don’t have o wait for a new version. It is highly responsive and functional
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.com 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.com 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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The nadexgo was the best mobile platform out there I even bragged on how good it was to my friends at work, you could monitor every thing chart movememt, the Profect and Loss , the entry ticket , the count down timer, price activity, all this on one screen with out having to go back and forth the perfect setup for trading binary and now you either have the chart or the ticket and the biggest loss here is the ticket takes up the whole screen and you can't watch the P/L whitch you need
in trading fast moving binaries. PS. I haven't made a mobile trade since.
They provide a great support with very good education tools.
and best of all, they are regulated !
NADEX works for me. They are CFTC regulated and based in Chicago.
I'm trading with no issues with Nadex. They are regulated in USA so it's safe with no withdrawal problems.