Online Trading Starts Here
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4.12/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $250
Trading platform:
  • Nadex
Trading features
  • There is options trading on events
Ranked #4 among the Best binary options brokers of United States
flag
Nadex is available in

Our Evaluation of Nadex

4.12/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Nadex is a broker with higher-than-average risk and the TU Overall Score of 4.12 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 consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Nadex is a highly regulated transparent binary options broker, but so far almost inaccessible to CIS traders.

Brief Look at Nadex

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.

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.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Nadex offers binary options trading with services including an easy-to-use binary options toolkit and unique event contracts. The trading platform provides access to markets, along with educational resources. Regulation by the CFTC and account segregation enhances security, while trading can be accessed via desktop or mobile platform. The range of assets includes currencies, stocks, and commodities, appealing to those looking to expand their trading strategies.

However, Nadex has notable drawbacks with a $250 minimum deposit and a withdrawal fee of $25. Limited product range and high entry thresholds may not cater well to beginners. Nadex suits experienced traders comfortable with the platform's constraints and focused on binary options within a well-regulated environment.

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.

Nadex Summary

💻 Trading platform: Nadex
📊 Account types: Demo, three types of accounts depending on the status (citizenship) of the trader
💰 Account currency: USD
💵 Deposit / 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

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.

Nadex Key Parameters Evaluation

Video Review of Nadex

User Satisfaction i

Score:
5.8/10

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CornellHete
2 years ago

For trading binary options, Nadex is a convenient option for me. Of course, it is a pity that the broker does not have any bonuses or additional services. It only has a unique terminal, but nowadays you cannot surprise anyone with that. I would like to get more trading tools, even access to investment offers. Nadex does not allow its clients to receive passive income. I consider this attitude of the company a rather significant shortcoming, because you have to work in parallel with other brokers. I have no problems with Nadex's terms - they are quite acceptable.

İkili opsiyon ticareti yapmak için, Nadex benim için uygun bir seçenek. Tabii ki, brokerin herhangi bir bonus veya ek hizmetinin olmaması üzücü. Sadece benzersiz bir terminale sahip, ancak günümüzde bununla kimseyi şaşırtamazsınız. Daha fazla ticaret aracı elde etmek istiyorum, hatta yatırım tekliflerine erişim sağlamak. Nadex, müşterilerinin pasif gelir elde etmesine izin vermiyor. Ben şirketin bu tutumunu oldukça önemli bir eksiklik olarak görüyorum çünkü diğer brokerlarla paralel çalışmak zorundasınız. Nadex'in şartları konusunda herhangi bir sorunum yok - oldukça kabul edilebilirler.

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Jim Carreyt
2 years ago

I recently started trading binary options and Nadex became my first broker. I was looking for a suitable company for a long time: I read reviews on professional forums and broker feedback on various sites. Of course, at first I traded with a demo because the deposit on a real account was important, so I didn't want to risk it. After a week of work, I fully mastered the NadexGO terminal. It has a rather primitive functionality, but at the beginning of trading this is enough for me. 2 days ago I applied for a withdrawal. If the money is credited, I will continue trading with Nadex.

Yakın zamanda ikili opsiyon ticaretine başladım ve Nadex ilk brokerim oldu. Uzun zamandır uygun bir şirket arıyordum: Profesyonel forumlardaki yorumları ve çeşitli sitelerdeki komisyoncu geri bildirimlerini okudum. Tabii ki, ilk başta bir demo ile işlem yaptım çünkü gerçek bir hesaptaki depozito önemliydi, bu yüzden riske atmak istemedim. Bir haftalık çalışmanın ardından NadexGO terminalinde tamamen ustalaştım. Oldukça ilkel bir işlevselliğe sahip, ancak ticaretin başlangıcında bu benim için yeterli. 2 gün önce para çekme başvurusunda bulundum. Para hesaba geçerse Nadex ile ticarete devam edeceğim.

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dovoczusmemi
2 years ago

I made some transactions with Nadex and I didn't like their conditions at all. Even with the first deposit, I was charged a commission, although on the site it is indicated that depositing money into an account is 0%. I started dealing with technical support: it turned out that the bank charged almost 15 dollars for the transfer. I decided to give the broker a second chance and started trading, but this process can hardly be called "trading". The NadexGO mobile terminal was constantly freezing and had to be constantly rebooted. I don't know what the situation was with the desktop platform: I didn't use it because I used my smartphone. Since I didn't make any profit here, I found another broker.

Nadex ile biraz işlem yaptım ve koşullarını hiç beğenmedim. İlk para yatırma işleminde bile, sitede bir hesaba para yatırmanın %0 olduğu belirtilmesine rağmen, benden bir komisyon tahsil edildi. Teknik destekle uğraşmaya başladım: bankanın transfer için neredeyse 15 dolar aldığı ortaya çıktı. Brokere ikinci bir şans vermeye karar verdim ve ticarete başladım. Ancak bu süreci “ticaret” olarak adlandırmak güç. NadexGO mobil terminali sürekli donuyordu ve sürekli yeniden başlatılması gerekiyordu. Masaüstü platformunda durumun ne olduğunu bilmiyorum: Akıllı telefonumu kullandığım için kullanmadım. Burada hiç kar elde etmediğim için başka bir broker buldum.

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emiliazy1
2 years ago

Nadex is a broker for professionals. The minimum deposit starts from 250$, there is a commission for each transaction and withdrawal. There is no quick online chat on the website, only a window for communication via email. Technical support is pretty fast. Nadex has a limited number of trading tools and for me it is not a very functional private platform. The fact that the company is licensed from a reputable US regulator is a definite plus, but for me Nadex still has more disadvantages than advantages.

Nadex, profesyoneller için bir komisyoncudur. Minimum depozito 250$'dan başlar, her işlem ve para çekme işlemi için komisyon vardır. Web sitesinde hızlı çevrimiçi sohbet yoktur, yalnızca e-posta yoluyla iletişim için bir pencere vardır. Teknik destek oldukça hızlı. Nadex'in sınırlı sayıda alım satım aracı var ve benim için çok işlevsel bir özel platform değil. Şirketin saygın bir ABD düzenleyicisinden lisans alması kesin bir artıdır, ancak benim için Nadex'in hala avantajlardan çok dezavantajları var.

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NikolayMi
2 years ago

Nadex gives the impression of a reliable broker. The list of countries where the company accepts clients is limited. Some of my compatriots work through European brokers, but I find such trading not only unprofitable but also risky. Why pay 15-25% to a broker who can disappear with your deposit at any moment? The broker itself also charges a commission of USD 25 for each withdrawal and a flat fee of USD 1 for opening a trade.

Nadex güvenilir bir broker izlenimi veriyor. Şirketin müşteri kabul ettiği ülke listesi sınırlıdır. Yurttaşlarımdan bazıları Avrupalı aracılar aracılığıyla çalışıyor, ancak ben bu tür bir ticareti yalnızca kârsız değil, aynı zamanda riskli de buluyorum. Her an depozitonuzla birlikte ortadan kaybolabilecek bir aracıya neden %15-25 ödeyesiniz ki? Brokerin kendisi ayrıca her para çekme işlemi için 25 ABD Doları komisyon ve bir işlem açmak için 1 ABD Doları sabit ücret talep eder.

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Aleksandr
2 years ago

I have known about Nadex for a long time, but I opened my account only two months ago. I can't say that their procedures are very fast, but since they are regulated by the CFTC I didn't expect anything else anyway. What I liked about Nadex is that all the information about their trading conditions is freely available on their website. For example, they provide information about the partner banks where client funds are deposited: Fifth Third Bank and BMO Harris Bank. It may be necessary to ask other brokers for such information, but most of them continue to keep the names of banks and liquidity providers confidential, even after being asked. Nadex charges a commission for withdrawing funds, but does not hide it, so each trader decides for himself whether to open an account for trading here or not.

Nadex'i uzun süredir biliyordum, ancak hesabımı yalnızca iki ay önce açtım. Prosedürlerinin çok hızlı olduğunu söyleyemem, ancak CFTC tarafından düzenlendikleri için başka bir şey beklemiyordum zaten. Nadex'de hoşuma giden şey, ticaret koşullarıyla ilgili tüm bilgilerin web sitelerinde özgürce bulunmasıydı. Örneğin, müşteri fonlarının yatırıldığı ortak bankalar hakkında bilgi sağlarlar: Fifth Third Bank ve BMO Harris Bank. Diğer brokerlara bu tür bilgileri sormak gerekebilir, ancak çoğu, hatta sorulduktan sonra bile bankaların ve likidite sağlayıcılarının isimlerini gizli tutmaya devam eder. Nadex para çekmek için bir komisyon alır, ancak bunu gizlemez, bu nedenle her trader burada al sat ticareti için bir hesap açıp açmayacağına kendi başına karar verir.

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kandisforde717238
2 years ago

I consider Nadex to be a reliable company thanks to the license of the American CFTC regulator. Unfortunately, the lack of a Spanish language option of the website has become a real problem for me as I am not fluent in English. The support specialists also only respond in English. But overall, I like the trading conditions. Its own terminal is quite convenient and functional: it includes charts, drawing tools and technical indicators. If you wish, you can work via smartphone and computer, you can choose what suits you more. So far the broker is convenient for me, but I have been trading with them for only 2 months.

Nadex, Amerikan CFTC düzenleyicisinin lisansı sayesinde güvenilir bir şirket olarak değerlendiriyorum. Maalesef, İngilizceyi akıcı bir şekilde konuşamadığım için web sitesinin İspanyolca dil seçeneğinin olmaması benim için gerçek bir sorun haline geldi. Destek uzmanları da sadece İngilizce olarak yanıt veriyor. Ancak genel olarak, ticaret koşullarını beğeniyorum. Kendi terminali oldukça kullanışlı ve işlevseldir: grafikler, çizim araçları ve teknik göstergeler içerir. Dilerseniz akıllı telefon ve bilgisayar üzerinden çalışabilirsiniz, size daha uygun olanı seçebilirsiniz. Şu ana kadar broker benim için uygun, ancak henüz 2 aydır onlarla al sat ticareti yapıyorum.

Score:
4.13/10

Trading Account Opening

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.

1

On the broker's home page, find the option to open a main or demo account.

Nadex - Start trading
Nadex - Start trading
Nadex - Start trading
2

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:

3
1. Trading platform with technical analysis tools that allows you to choose the types of options, expiration dates, etc. Nadex - Trading platform
Nadex - Trading platform
2. Deposits and withdrawals.
1. Open a trading account and customize it to fit your needs. FXTM (Forex Time) Review - Account Types
FXTM (Forex Time) Review - Account Types

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.

Score:
1.11/10

Regulation and safety

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
Score:
8.84/10

Commissions and fees

Information
Experts at Traders Union have analyzed the trading conditions of Nadex for explicit and hidden commissions. Since the broker provides binary options trading services, there is no spread. The main commissions are a withdrawal commission ($25 regardless of the withdrawal amount) and a fixed commission for opening a trade, which is $1.
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
$1
Low
$2
Medium
$17
High
Score:
4.36/10

Account types

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:

Account Type
Description
Individual
individual account for US residents;
Individual
individual account for foreign traders;
Account for legal entities
account for legal entities that are residents of the United States

To learn the capabilities of the Nadex platform, a demo account is provided.

Score:
4.55/10

Deposit and withdrawal

  • 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.

Score:
4.74/10

Investment Options

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.

Score:
4.17/10

Customer support

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
Score:
6.72/10

Education

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.

Information available in the Analysis and Education section
Unavailable information at Nadex site
Glossary
Analysis of trading strategies
Blog: analytical reviews, technical analysis
 
Basic training: working with the platform, basics of technical and fundamental analysis, answers to basic trading questions
 
Webinars
 

Comparison of Nadex with other Brokers

Nadex Pocket Option Binarium Binary.com Binomo Stockity
Trading
platform
Nadex MT5, Web, Mobile Binarium Deriv Trader, MT5 Browser platform Stockity mobile apps, Web platform
Min deposit $250 $5 $5 $5 $10 $10
Trading
instruments
Currencies, Assets of stock and commodity markets currency indexes, Currencies, Cryptocurrencies indexes, Forex, goods, stock, random index indexes, stock, currency pairs / CFD, goods stock, Cryptocurrencies, Commodities, Stocks
Signals No No No No Yes No
Analytical
support
No No No Yes Yes No
Training Yes No No Yes Yes No
Additional
tools
No Copy Trading tool No premature closing No Cryptocurrencies

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:

1

a large selection of trading assets, including non-standard instruments. For example, event options;

2

transparency and reliability of the broker.

There is a Demo account.

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