Nadex – review and feedback on the official USA&CA options trading platform

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Nadex Review

Review

Nadex is a Chicago-based regulated derivatives exchange designed for the retail trader that offers only limited risk products. It is part of the IG Group, a global financial services provider with a market cap of over £2.2bn.

Unlike many other binary options brokers, Nadex.com is available to U.S. citizens as it is based in the States and is a regulated US exchange, designated by the CFTC (Commodity Futures Trading Commission) and is legally permitted to accept US residents as members.

At Nadex, traders have access to trade over 10,000 binary option contracts daily on some of the most popular financial markets including Forex, stock indices and commodities.

A demo account can be opened in less than a minute and traders can test drive-the platform with $25,000 in practice funds.

Accounts

There is one standard trading account at Nadex and it is available to everyone. It’s free up until the first trade is placed. Then a minimum initial deposit of at least $250 must be made. No additional deposits are required after that but the account must have enough to cover the maximum potential loss that could be incurred on any open positions.

Features

Nadex offers contracts ranging from 5 minutes to one week giving traders multiple short-term daily trading opportunities and as well as the ability to close their position before expiration to minimize losses or lock in early gains.

It’s easy to find some unique features at Nadex.com. Their Binary Option and spread contracts have built-in floor and ceiling levels, which provide the same protection as a stop order without the risk of being stopped out even if the market spikes against the trader. This means that a trader can never lose more that his or her initial collateral because the price of the contract always remains between the floor and the ceiling, and the maximum potential profit or loss is known in advance.

Nadex Exchange Fees

Nadex operates as an exchange where there is a $1 trade execution fee per contract per side for traded contracts. If you offset a trade position prior to expiration, then again there is a $1 trade execution fee per contract per side. For contracts held to expiration, there is a $1 exchange settlement fee per contract for only binary positions finishing in the money.

Touch Brackets™ contracts

are a unique type of asset trading that offers specific benefits to traders. The price range is capped at both the bottom and the top, and the value of the contract will move linearly with the movement of the underlying market. If you think the market will rise, you will want to buy. If you think the market will decline, you’ll want to sell the contract. Touch Brackets offer micro lot sizes unique type of trading that offer traders at all skill levels new opportunities. The ability to scale can also be very helpful to traders. The high and low limits work well to help with risk management. There is no slippage and no surprises. Positions with Touch Bracket™ contracts can also be held overnight.

Call Spreads

Nadex has recently renamed it spreads instrument, to now be called Call Spreads. These instruments lets your trade move between two price levels. You can trade your favorite trading sstrategy with absolute risk protection and natural profit targets. The built-in floor and ceiling of the Call Spreads offers superior loss protection than a traditional stop loss. The range also gives you a natural profit target.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Mobile Trading

At the end of 2020 Nadex updated its mobile trading platform. Called NadexGo, the platform works in conjunction with the broker’s desktop platform so that you can enter a trade on one device and manage it on another. NadexG updates automatically, so that you’re always using the latest version.

Education

When it comes to education, Nadex is well equipped with all the latest instructional tools. Webinars are offered for free to registered account holders and they cover a wide range of important topics including beginner and advanced strategies, trading mentalities and more.

There is also a variety of different videos, many of them animated and all of them easy to understand, that cover the gamut of the material all binary option traders should know.

Nadex Educational Videos

Handbooks are also available that are written to help traders understand the fundamentals of binary options, bull spreads, trading strategies and much more.

A full glossary of terms is provided and the FAQs columns are spread out across several different pages to help explain specific concepts and procedures.

News and market commentary are posted on a regular basis often accompanied by appropriate videos.

Customer Support

Traders can contact Nadex customer support with questions about their account by phone or email 24 hours a day from 3 pm ET Sunday through 4:30p.m. ET Friday. There is a U.S. Toll-Free number as well as an international one. I didn’t see chat offered.

Deposits/Withdrawals

Deposits can be made via debit cards, bank transfers and wire transfers. Personal checks are also accepted. The maximum amount one can deposit using a debit card is $50,000.

For wire transfers of $10,000 or more, traders receive a $20 credit for the wire transfer fee, eligible up to 4 times per month.Nadex offers two different methods for withdrawing funds from an account: ACH or Wire Transfer. Both can be done via the online form found on the website.

Non-Resident account holders may withdraw funds by wire. Withdrawal requests received after 4PM ET, Monday through Thursday, or after 3p.m. ET on Friday will be processed the following business day. A $25 fee is charged for funds for each wire.

Conclusion

Nadex is a great choice for binary option trading for both U.S. residents as well as non-residents. It offers secure regulation and the maximum risk for any trade is fixed and required in advance so traders cannot be called upon for additional funds should a trade go downhill. The website is well organized and there are some refreshing features.

Disclaimer: We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Nadex Review 2020 – Is Nadex.com Scam or Legit?

Name Nadex Review 2020 – Is Nadex.com Scam or Legit?
Founded 2004
Legal Entity IG Group
Turnover 81%
Minimum deposit $250
Bonus No
Full Address United States, Chicago, 311 South Wacker Drive
Phone +1 312 884 0100
Regulation CFTC
E-mail send mail
Visit Broker

Nadex (North American Derivatives Exchange) is a premier, fully-regulated binary options roker that allows US traders to benefit from the advantages of trading! Finally, there is some really great news for US-based binary options traders.

Nadex is respected and transparent, and gives traders of all types an equal opportunity to make winning trades. Importantly, the broker keeps clients’ funds safely in highly-rated U.S. banks, and not offshore.

Nadex binary options

Founded in 2004, Nadex is one of the leading exchanges in the U.S. financial markets offering binary options trading and spreads trading under top-notch environments.

Nadex is licensed by the Commodity Futures Trading Commission (CFTC), and this gives it the due reliability and authenticity—rarely found these days.

The brokerage house is the North American unit of IG Group, which is a world renowned financial service provider. The company’s office is at 311 South Wacker Drive, Suite 2675, Chicago, IL 60606.

Demo account

Nadex free demo account, with $25,000 of practice funds, enabling you to acquaint yourself risk-free on the ins and outs of its robust trading platform

Minimum deposit

Nadex minimum deposit is affordable to most of traders – $250. Nadex offers a very convenient and hassle-free account opening process. After filling the simple form on the broker’s website and submitting the necessary identification documents, your trading account will be up and running.

Withdrawal

More so, the minimum opening balance required is very low, and deposits can be made securely using various methods, such as debit card and bank transfer.

Nadex is designed for individuals to trade binary options and spreads on a one-level playing field. As such, the broker offers very low trading costs. For trading every lot, you are charged only 90 cents, up to a maximum of $9 per order. Nadex does not charge any other fees. You will not pay exit fee, if a trade expires out of the money.

Trading Platform

As a U.S.-based, CFTC-regulated broker, Nadex offers an innovative, secure, and fast trading platform that runs in any device and environment. It offers a very powerful application equipped with extensive features for profitable trading.

Importantly, since the broker’s trading platform is interoperable, you can open a trade on a desktop Nadex trader platform and manage it conveniently on a mobile app trader platform. Interesting?
Trading platform is not only safe and secure, but it is also very easy to use and operate. We conducted a survey targeting traders operating through Nadex, and most of them expressed their comfort and confidence in the platform.

Innovatively, platform provides the Market Order with Protection (MOP) feature, which enables you to place orders and get the best acceptable filled market price.

Financial Assets

With Nadex, you have the opportunity to trade a wide range of markets, consisting of currencies, stock index futures, commodities, economic events, and Bitcoin—all from the comfort of one trading account.
More so, Nadex binaries offer limited risks to traders, safeguard against market volatility, and give opportunity to make returns from short-term price fluctuations.

The binaries have a wide range of expiration times, ranging from intraday, daily, to weekly expirations.
Unlike many other binary options trading service providers, Nadex offers an innovative variable payout ratio, which allows traders to conveniently limit risks.

Education

To ensure traders curve a successful career, binary options broker offers an extensive collection of education materials and resources, consisting of webinars, eBooks, videos, and market analysis.

Customer Support

Another outstanding feature is its efficient and committed customer support department.

In spite of not having a live chatting facility on its website, customers’ issues are addressed promptly and professionally via a toll-free phone number or email, any time from 11:00am ET Sunday through 5:45pm ET Friday.

Pros of Nadex

• US-based and CFTC-regulated
• Highly trusted broker
• Limited guaranteed risks
• Over 99.9% uptime
• Free demo account
• Low trading fees
• Powerful trading account
• Mobile trading available
• Funds held in top-tier US bank accounts
• Wide range of financial markets
• Excellent education tools
• Highly effective customer support

Cons of Nadex

• Classical binary options, such as CALL/PUT, are unavailable
• No live chat

Best US Regulated Binary Options Broker 2020

Binary options trading is quite popular in the US, just like it is in other parts of the world. The American binary options trading space is quite restrictive though. It is strictly regulated, which is a good thing for traders. The strict regulations ensure that trader funds are secure, and all the trade outcomes are genuine. There are many binary options brokers in the USA. You might be wanting to switch to a new broker, or you are just starting out with binary options trading. You need to get a good broker who will give you all the resources you need to trade. Nadex binary options is all you need.

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IMP NOTE:

Now Get Real Account with as little as $10. And start trading the BINARY OPTIONS, FOREX, FX OPTIONS & CRYPTOCURRENCIES at one platform. Click To Open Free Demo Account | Click To Get Real Account In $10 (Updated July 2020)

My Recommended Brokers Updated January 2020

Among the many binary options brokers in the USA, Nadex (North American Derivatives Exchange) rises up as the best in the business. Nadex is one of the biggest binary options brokers in the USA. One of the most unique aspects of Nadex as a binary options broker is that it does not place a stake in the market. Nadex revenues are from transitional fees. Nadex’s only job is to connect the buyers and the sellers. Binary options traders in trade on the actual global platform, and have access to a wide range of markets.

Let’s dig deeper and find out why Nadex is the best US binary options broker. This Nadex review will show you exactly why.

About Nadex

Nadex started operations in 2009 and has grown to become one of the biggest binary options brokers in the world. Nadex is regulated by the CFTC (Commodity Futures Trading Commission) which is the body mandated by the government to monitor and regulate binary options trading. Nadex allows its traders to directly engage in the global markets.

Nadex does not place any stakes on the market. They only offer their clients access. As earlier mentioned, their revenues are from transactions fees. That means Nadex would not have any vested interests in the outcome of your trade. If anything, they want more of their trader to win, so that they trade more and invite other traders. That’s one of the most impressive features of Nadex.

My Recommended Brokers Updated January 2020

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice


Nadex Pros

The following are some other aspects of Nadex that makes it the best binary options broker in USA.

Learning Center

Whether you are an experienced binary options trader or a completely green newbie, Nadex’s learning center is quite useful. If you are completely green, you should engage the learning center. It has a lot of useful information that will help you get started with binary options trading. The learning center has useful information about trading strategies. This information could come in quite handy, even to experienced binary options trading.

Many binary trading options will not provide enough education about trading strategies. That’s because it is in their best interests for you to lose your trades. The Nadex’s learning center has plenty of videos, trading examples, e-books and webinars that are all designed to familiarize you with Nadex strategies.

Trading Platform

You can access your trading account from either a desktop browser or the NadexGo App. The desktop trading platform is very user-friendly and quite responsive. All the market parameters are available on the same window as the market trend charts. You can analyze the market and place an order in the same window. The trading platform is compatible with both Windows and macOS browsers. You access them from any of them.

The NadexGo app allows you to trade while on the go. You may not be able to analyze the markets of the same mobile platform through. You can start the trade on your desktop, then monitor and manage it from the app while on the move. You can exit the trade from the app as well. Nadex trading platform is designed to offer as much convenience as possible.

My Recommended Brokers Updated January 2020

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice

Demo Account

No other binary options broker will offer you $25000 virtual funds to experiment with. Nadex offers you a demo account with $25000 virtual funds so that you can experiment and come up with a strategy. The demo account is always active, even after you have opened a real account. You can use the demo account to perfect your trading strategy any time you need to.

The demo account allows you to put your Nadex binary options strategy to the test, although it does not give you access to the real market. The charts on the demo account are a simulation of some real market situations. As such, you should not assume that your strategy is applicable to the real market in the same manner that you applied it on the demo account. The account is meant to help you learn how to work with the strategy.

Low Minimum Deposit

Nadex requires you to place an initial deposit of $250 to get the individual trading account. Most of the other brokers start at $500. You do not need to have a lot of money to get started. You can get started with the little that you have. If you employ a robust strategy, and you have good market analysis skills, you will soon be making some impressive profits.

Nadex Cons

Trade Charges

The only major con with Nadex is that they charge you for every trade that you made. Each trade that you make on Nadex involves a number of contracts. Nadex will charge you $1 for each contract on the trade up to a maximum of 50 contracts. The maximum amount you can pay for a trade is $50.

My Recommended Brokers Updated January 2020

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice

Verdict

Having gone through this Nadex binary options review, it is quite easy to see why it is the best binary options broker for US traders. Nadex’s trading structures are quite unique, and they are optimized towards helping the traders win their trades. Nadex’s credibility is also assured by the CFCT regulation. In addition, Nadex has partnerships with some very reputable corporations. Nadex has partnerships with Bloomberg, Yahoo, and CNBC just to mention but a few. You can always rest assured that your funds are properly handled. You can never go wrong with Nadex. Nadex gives you better chances of scoring your trades. Just perfect your craft, and Nadex will offer the support needed.

My Recommended Brokers Updated January 2020

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice