deposit:
- $250
Trading platform:
- Nadex
Nadex Review 2024
deposit:
- $250
Trading platform:
- Nadex
- There is options trading on events
Summary of Nadex Trading Company
Nadex is a moderate-risk broker with the TU Overall Score of 5.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Nadex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Nadex ranks 15 among 21 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Nadex is a highly regulated transparent binary options broker, but so far almost inaccessible to CIS traders.
Nadex is a binary options broker working mostly with US and EU traders. The company was founded in 2009, officially registered in the State of Illinois, and regulated by US law. The broker's regulator is the CFTC (Commodity Futures Trading Commission). The main competitive advantage of Nadex is its completely transparent work, controlled by one of the most reputable regulators in the world. A distinctive feature of the broker is unique binary options products and direct access to the US exchanges.
💰 Account currency: | USD |
---|---|
🚀 Minimum deposit: | $250 |
🔧 Instruments: | Currencies, assets of stock and commodity markets |
👍 Advantages of trading with Nadex:
- regulation by CFTC;
- binary options toolkit is easy to use.
👎 Disadvantages of Nadex:
- the broker works through an intermediary from the EU;
- commission for each trade is US$1;
- limited range of offered products (3 types of options);
- all information on the site is in English only;
- complex verification procedure that meets the requirements of US legislation;
- high entry threshold - $250;
- there is a flat fee for withdrawing money - $25.
Evaluation of the most influential parameters of Nadex
Trade with this broker, if:
- You prioritize a user-friendly platform with educational resources. Nadex offers a straightforward platform along with comprehensive educational resources, making it suitable for traders looking to enhance their knowledge of spread betting.
- You understand spread betting and are comfortable with limited downside risk. Nadex utilizes spread betting, which restricts potential losses to your initial investment.
Do not trade with this broker, if:
- You are a complete beginner in financial markets. Nadex primarily caters to experienced traders who are comfortable with complex financial instruments and market dynamics.
- You reside outside the United States. Nadex is currently only available to residents of the United States. If you are located outside the United States, you will need to consider alternative brokers that cater to your region.
Geographic Distribution of Nadex Traders
Popularity in
Video Review of Nadex i
Nadex Latest Comments for 2023 i
Share your experience
- Best
- Last
- Oldest
Expert Review of Nadex
Broker Nadex is one of the companies that inspires confidence from the first minute of acquaintance. Few brokers can boast CFTC regulation and segregated accounts at Fifth Third Bank. The strengths of the broker are direct access to quotes from liquidity providers, no limits on the number of trading orders within the day, the ability to open short, medium, and long-term positions. Another feature of the broker is the proprietary trading platform, which gives traders access to more than 2400 assets. The platform has an integrated risk control mechanism, which is an analog of stop orders.
Trading conditions are designed more for professional traders who are committed to long-term cooperation. The high minimum deposit ($250) and the withdrawal fee ($25 per request) discourage novice traders.
Nadex is a reliable broker that is responsible for fulfilling its obligations. That is why the company is among the partners and participants of the Traders Union Binary brokers rating service.
Dynamics of Nadex’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Nadex offers only binary options trading, investment programs are not provided by this broker.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Nadex affiliate program
Attracting customers by building an affiliate network is not allowed by this broker.
Trading Conditions for Nadex Users
The trading conditions of the Nadex binary options broker are quite strict. The minimum deposit is $250, the minimum trade amount is $1. There is also a commission for withdrawing money, which is $25 for each request, regardless of the withdrawal amount.
$250
Minimum
deposit
24/5
Support
💻 Trading platform: | Nadex |
---|---|
📊 Account types: | Demo, three types of accounts depending on the status (citizenship) of the trader |
💰 Account currency: | USD |
💵 Replenishment / Withdrawal: | Paper check, debit card, ACH (Bank transfer), Wire Transfer (Telegraphic transfer), International bank transfer (Wire) |
🚀 Minimum deposit: | $250 |
📈️ Min Order: | $1 |
🔧 Instruments: | Currencies, assets of stock and commodity markets |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
⭐ Trading features: | There is options trading on events |
🎁 Contests and bonuses: | No |
Comparison of Nadex with other Brokers
Nadex | Pocket Option | Binary.com | QUOTEX | Binomo | DaxRobot | |
Trading platform |
Nadex | MT5, Web, Mobile | WebTrader, Mobile | Mobile MT4, Web platform, Browser platform | Browser platform | Daxbase web platform |
Min deposit | $250 | $50 | $5 | $10 | $10 | $250 |
Trading instruments |
Currencies, Assets of stock and commodity markets | currency | indexes, Forex, goods, stock, random index | currency pairs / CFD, indices, Cryptocurrencies, Commodities | indexes, stock, currency pairs / CFD, goods | Binary options (fiat currencies and cryptocurrencies) |
Signals | No | No | No | No | Yes | No |
Analytical support |
No | No | Yes | No | Yes | No |
Training | Yes | No | Yes | No | Yes | No |
Additional tools |
No | Copy Trading tool | premature closing | No | No | No |
Broker comparison table of trading instruments
Nadex | Pocket Option | Binary.com | QUOTEX | Binomo | DaxRobot | |
Forex | No | Yes | Yes | Yes | No | Yes |
Metalls | No | No | Yes | Yes | No | No |
Crypto | No | Yes | No | Yes | No | Yes |
CFD | No | No | Yes | Yes | No | Yes |
Indexes | No | Yes | No | Yes | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | No |
Options | Yes | Yes | Yes | Yes | Yes | Yes |
Nadex Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Real | $1 | Yes |
Also, analysts at Traders Union examined similar trading conditions of competitors, based on which broker was assigned an appropriate comparative level.
Broker | Average commission | Level |
Nadex | $1 | Low |
Binomo | $2 | Medium |
IqOption | $17 | High |
Detailed Review of Nadex
Broker Nadex is one of the few binary options brokers providing services in the United States. The availability of a CFTC license and segregated accounts in well-known banks guarantee traders the absence of non-trading risks. The broker has more than 2,400 assets in stock, commodity, and Foreign Exchange Markets.
A few figures about Nadex broker that may attract traders:
-
more than 5 ways to deposit and withdraw funds without the participation of electronic wallets;
-
three options are available with a risk-limiting mechanism;
-
over 10 years of experience in the US and EU markets.
Nadex offers US-regulated binary options
There are three options in the arsenal of the Nadex broker. Classic "higher / lower", where you only need to predict the level of quotes relative to the current price by the end of the option. The second type of option involves setting a price corridor (knock-outs). The trade is closed at a loss if the price touches the border. The third type of option is trading with predefined boundaries (call spreads).
Trading conditions can seem pretty tough. The minimum deposit is $250, the commission for each trade is $1, the commission for the early closing of the option is $1, and the commission for the withdrawal request is $25. Such a broker's policy speaks of his focus on working with large capital and professional traders who are ready to increase trading volumes. As a trading platform, traders are offered the proprietary Nadex terminal which also includes a mobile version. It is somewhat reminiscent of a simplified version of MetaTrader 4 with features such as one-click trading and technical analysis. However, the installation of technical indicators and advisors is not provided.
Nadex analytical services:
-
analytics (blog). The analytical section is where market reviews are published.
Advantages:
a large selection of trading assets, including non-standard instruments. For example, event options;
transparency and reliability of the broker.
There is a Demo account.
How to Start Making Profits — Guide for Traders
Broker Nadex offers three types of accounts, which differ in terms of registration, that is the status and citizenship of the trader are important.
Types of accounts:
To learn the capabilities of the Nadex platform, a demo account is provided.
Bonuses Paid by the Broker
Bonus programs are not provided by this broker.
Investment Education Online
Information
As support for newcomers and professional traders, a separate section has been created on the Nadex website, which contains both the theory of binary options trading and analytical reviews of the markets.
Security (Protection for Investors)
Information
The Nadex broker is regulated by the US Commodity Futures Trading Commission (CFTC). Traders' money is also protected by account segregation, which separates clients’ money from the broker’s capital accounts. The depository banks where clients’ funds are kept safe are Fifth Third Bank and BMO Harris Bank.
👍 Advantages
- Strict regulation, independent external audit
- There is an integrated functionality on risk limitation
- Account segregation
👎 Disadvantages
- Complex and red-tape process of filing a complaint with the regulator
Withdrawal Options and Fees
-
Nadex guarantees the withdrawal of funds at the request of the trader without any restrictions on the amount of withdrawal or the number of orders.
-
There are several options for depositing and withdrawing money: Paper check, debit card, ACH (Bank transfer), Wire Transfer (Telegraphic transfer), International bank transfer (Wire).
-
Depositing money takes up to 1-2 business days.
-
Processing a withdrawal request takes up to 48 hours. Actual withdrawal takes up to 10 business days to finalize.
-
Only US dollars can be used for withdrawals and replenishments.
Customer Support Service
Information
The broker's support service is ready to answer customer questions 24/5.
👍 Advantages
- Provides prompt answers to many questions
👎 Disadvantages
- Does not work on weekends
- Limited number of communication channels
There are two ways to contact support:
-
via online chat;
-
via email.
Contacts
Foundation date | 1974 |
Registration address | North American Derivatives Exchange Inc., 200 West Jackson Blvd, Suite 1400, Chicago, IL 60606 |
Official site | nadex.com |
Review of the Personal Cabinet of Nadex
Before opening an account with a Nadex broker, go through a free registration on the Traders Union rebate service website. This will allow you to receive a partial refund of commission charges on the balance of your personal account in the future.
On the broker's home page, find the option to open a main or demo account.
Go through authorization. For a demo account, it is enough to indicate the address and phone number. To open a real account, you need to go through 5 registration steps, providing supplemental details about yourself.
In your personal account on the Nadex website you will find:
Other features of the Nadex Personal Account:
-
statistics of open and closed trades;
-
FXTM Invest. Opening a trading account which offers manager statistics and investment management;
-
access to daily analytics;
-
access to support services.
Articles that may help you
FAQs
Do reviews by traders influence the Nadex rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Nadex you need to go to the broker's profile.
How to leave a review about Nadex on the Traders Union website?
To leave a review about Nadex, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Nadex on a non-Traders Union client?
Anyone can leave feedback about Nadex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
62% of retail investor accounts lose money when trading CFDs with this provider.