Nadex Review
Fast, fun trading with Nadex products, capture short-term forex, stock indices, and commodity market volatility.
Broker: Nadex (North Star IP Limited)
Leverage: 1:40
Regulation: CFTC
Min. Deposit: 250 US$
HQ: USA
Platforms: Nadex Platform, NadexGO
Found In: 2004
Website: nadex.com
Nadex Licences
North American Derivatives Exchange, Inc. - Authorized by CFTC USA
What is Nadex?
North American Derivatives Exchange (or Nadex) is the largest US exchange offering legal and fully regulated trading of Binary options, Touch Bracket, and Call Spreads.
A broker is different from an exchange. Nadex matches buyers with sellers so it doesn't take positions on any market.
This is a great trading opportunity. Previously, most Americans could only trade with offshore entities. We don't recommend them because they lack reliability and regulation.
Overview
The North American Derivatives Exchange™ (Nadex) was founded in 2004 is the premier US exchange for binary options, call spreads, and knock-outs, offering secure and innovative ways to participate in the markets.
As a Nadex member, you can trade multiple markets and access an ongoing series of short-term trading opportunities. Over 10,000 hourly, daily, and weekly contracts are traded five days a week on desktop and mobile platforms.
Pros
Regulation by CFTC
Detailed educational materials
Powerful trading tools
Free Demo account
No deposit fees
Cons
No MT4 platform
No Islamic Account
Flat fee for withdrawing money - 25 US$
No support 24/7
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.0
Is Nadex a safe or scam?
Nadex is a US-based company headquartered in Chicago. It is regulated as a financial exchange by the CFTC. Nadex is, as we have already mentioned, a pioneering company that provides a legal way to trade binary options or Call Spreads.
Is Nadex legal?
Nadex, a Chicago-based company, is fully and regulated by the CFTC as a financial exchange in the USA. Nadex, a pioneering company, is regulated by the US authorities. It offers legal trading of Binary Options and Spread. Oanda, a CFTC-regulated broker, is also recommended.
Consider also the fact that Nadex is part of a very respected.
What can you do to be protected?
We recommend only trading on regulated exchanges. Nadex operations comply with international safety standards and the client is covered by many obligations.
Nadex defines itself as an exchange company. It ensures that all trades are executed fairly in accordance to US laws. The environment is fully collateralized with no leveraged risk and with no margin calls. Nadex has strong risk control systems that protect client money and strong protection. All funds are kept in separate accounts at US banks.
Leverage
Leverage is a loan that a broker gives to a trader. This allows for vast trading opportunities. The multiplied capital you have will allow you to work at a larger size and increase your potential to make greater gains. The downside is that leverage can increase risk.
Leverage can be dangerous if you do not set it right, especially at high, unreasonable levels. This is why regulatory restrictions have lower maximum levels.
Nadex is a US company that has to offer a maximum 1:40 limit on certain instrumentsavailable to individual traders.
Types of accounts
Nadex offers both a live account without requiring a minimum deposit and a demo account with $10,000 virtual funds.
Trade Instruments
You can trade on stock indices and commodities markets with a single account using Nadex's Nadex platform.
Fees
Nadex has transparent fees conditions that are based on commission costs. These charges are low-commission. Below is the full fee table:
Spreads
Nadex call spreads and trading costs are built into the commission base. However, you only pay $ 1 for each contract side without any other fees. This is considered low-cost trading.
This model is great for traders with all levels of experience. It allows you to calculate easily and see exactly what your trade costs are.
Also - Nadex offers free market data and trading Software with its amazing charting and analysis capabilities. The only cost is the $1 commission.
Deposits and withdrawals
You can trade almost immediately after you have opened your Nadex account and deposited funds to the trading account. Due to regulatory restrictions, there might be slight differences in the treatment of international clients and US clients. Please check with Nadex Customer Support to confirm.
Deposit Options
There are generally several deposit options for transactions to and from your account.
Bank Wire Transfers
Cards
ACH Transfers
For US clients, paper checks
What is the minimum deposit required for Nadex?
Nadex's minimum deposit of 250$ will allow US residents open an individual account. Other conditions will be required for a business account or entity account. They are tailored solutions that address all aspects of the problem.
Nadex Minimum Deposit vs Other Brokers
Withdrawals
You have two options for withdrawing Nadex funds: ACH withdrawal or bank wire transfer. Both are available to both US and International traders. Nadex charges no fees for an ACH withdrawal. However, a bank wire withdrawal will incur $25 processing fees.
Please allow up to 3-5 business days for funds to be returned after you have initiated the withdrawal through your bank account and received confirmation from Nadex.
Trade Platforms
Web Platform
Nadex provides online and mobile platforms that allow you to speculate on short-term movements and take positions in a wide variety of markets. Nadex platforms allow you to connect directly with the Nadex exchange so that pricing can be accurately calculated and orders placed quickly.
Desktop Platform
Nadex's desktop platform has powerful features that allow you to monitor, manage and analyze markets with its full-featured charts and technical indicators. Access to market data and unique ladder charts will be available for free. This makes trading charts simple and easy.
Mobile Platform
NadexGO, another option to seamless trading as a mobile edition is also available. It is synchronized with desktop version but allows you to keep up-to-date from virtually any location as long as there is an Internet connection.
Support for Customers
Nadex provides high-quality, reliable and professional support for their clients and traders. You can reach the customer service team via telephone and live chat, or you can fill out an online form to ask questions.
Education
Nadex has a Learning Center that you can use to deepen your knowledge, become a better trader, and offers webinars, learning materials, and seminars on a regular basis.
Conclusion
Nadex is a promising and competitive. You will have the opportunity to trade Binary Options or Call Spreads with a fully licensed company in the US. This is a significant advantage over dealing with unreliable overseas brokers. You will also get great cost strategies with a 1$ commission per contract, extensive educational material, great support by the company, as well as no minimum deposit.