- A Regulated Exchange
- Wide Market Range
- Free Demo Account
- No Bonuses or Promotions
- Traders accustomed to European CFD brokers may find Nadex complex
- English-Only platform
- Proprietary Platform
- Debit card
- Bankwire transfer
- ACH transfer
North American Derivatives Exchange™ (Nadex) is the first exchange to be set up in the US. It is regulated by the CFTC (Commodities Futures Trading Commission).
There is a low minimum amount on the opening balance and you can use a debit card to add funds. You can trade in spreads and binary options within minutes of opening your account. Nadex offers a low cost way to trade as the fee you pay per contract side is as low as $1 and the entry fee cap is $50. You can access trading software and market data for free, that includes analysis and charting tools.
Nadex offers a
legal and limited risk way to start trading in spreads and binaries in Bitcoin,
commodities, global stock indices and forex markets. Over 5,000 contracts are
active 23 hours from Monday through Saturday.
Nadex allows you to use your account on a single trading account to trade binaries and spreads. Rather than offering traditional cash bonuses, Nadex offers you with perks like free trading days. When you make your first deposit, you activate free trading days. There is a certain time limit where you should activate them or they will expire.
There is only one type of standard trading account offered by Nadex, which can be opened by the traders with a minimum deposit amount of $250. The other trading account type is free demo account.
Individual Account (US Residents)
US residents can make full use of the easy to follow and free online procedure for opening their Nadex accounts.
Individual Account (International)
Nadex offers the people from other countries to open individual trading accounts.
Corporations, business entities, and other trusts from the US can open business accounts.
Permanent Demo Account
A free demo account with no time-limit is offered by Nadex where the traders can get virtual funds worth $25,000 towards learning the platform and testing various available trading strategies.
Leverage on Nadex
Nadex offers zero margin, fully collateralized spreads. These spreads are mostly short-term options and cannot be leveraged as trading products. In most cases, a Nadex spread will cost you much less than to trade in underlying markets.
When compared to other offshore binary providers, the range of binary spreads, strike prices and contracts offered by Nadex are quite a bit larger.
Covers Most Markets
You can cover
more markets through Nadex as it lets you trade in stock indices, major
economic events, commodities, and forex using a single trading account.
You don’t need to use index futures or ETFs to trade in stock market indices in the US or globally. The fees charged is much lower than that of most other stock brokers.
You can trade 23 hours a day, Monday to Saturday in the top 10 popular forex pairs offered by Nadex as limited-risk options in binary and spreads.
Economic reports emerge in the events of change in the interest rates or weekly jobless claims. You can trade the number using the economic events binary options offered by Nadex, instead of relying on market reaction.
Spreads feature has built in risk-reward limits, which allows you to trade on
the Bitcoin price.
If you are a
business based out of the US or an individual living in the US, Nadex is the
right choice for you as it follows all the laws regarding trading assets. Nadex
is a Designated Contract Market and Derivatives Clearing Organization, as
designated by the CFTC. Since Nadex is a US based CFTC regulated exchange, all
binary options are available only in the US.
As a trader, you
can place orders directly on Nadex’s own proprietary platform, eliminating the
need for your brokers. Drawing tools, full-featured charts and technical
indicators on their platform allow you to manage your trades. Their Android
mobile app can integrate seamlessly with their web-based platform. Their iPhone
app Nadex Spreads gives you access to the entire range of spreads to trade in
stock indices, commodities, forex, and Bitcoin.
Nadex beta is the new web application that can be used to trade on your mobile. With this, there is no need for you to download and update the app to get the best trading experience. Trade the entire range of products offered by Nadex and on all the markets - commodities or cryptocurrencies, spreads or binaries.
Apart from Nadex Beta, you can also use Nadex apps iOS and android devices:
Live market data is available to you along with charting and technical tools. iOS app allows you to trade in the new Bitcoin spreads, stock indices, forex and commodities .
The Nadex Spreads
Android app is optimized to fit phones or tablets of any size and you can trade
in all spreads. You can open a free demo or live account directly from the app
or access Nadex beta from the Spreads app in order to trade in binary options.
using the contract fees which it generates from trades and it charges a $25
returned deposit fee. Cap is not applied to money trades, but for others, Nadex
charges $1 per contract capped at $50. However, Nadex is not trading against
its traders, like most brokers do. The potential profits are limitless, owing
to the low trading costs. Coming to the payouts, the profits and losses depend
on contract type, the entry and exit times.
Deposits & Withdrawals
traders have their withdrawal options limited to debit card or bank wire
transfer. US resident traders can withdraw their funds using bank wire, debit
card or ACH transfers. It takes 3-5 days to process the withdrawals and the
processing fee is $25. Nadex has more stringent withdrawal process than their competitors
offshore, because of the various CFTC imposed regulations.
their traders with first rate customer service. Traders can rely on their
knowledgeable support which can be accessed through email, call back or fax.
But the drawback is that Nadex does not yet have live chat support.
Research & Education
Nadex provides a
Learning Centre through which the traders can gain plenty of information
through e-books, trading courses and weekly webinars. You can find videos and
strategies giving you tips about trading forex binary options and capped risk
stock indices in volatile and highly fluctuating markets.
Advanced charting—This offers sophisticated charting tools and technical analysis tools which can be used to develop a wide spectrum of techniques, including OTM strategy(out the money).
Market data—Indicative price data in real-time, which closely matches the underlying market price, is offered by Nadex.
News trading— Videos and actionable commentary on important daily market events are offered.
Nadex has shown
sincere dedication towards their investors through their products and
incredible services and for this, it has received numerous recognitions from
the best in the industry.
Nadex, a worthy
platform to trade on, complies with CFTC and SEC regulations. Nadex is not like
all the other brokers as it provides a platform for traders to buy and sell
binary options, rather than directly participate in trading itself. Nadex only
makes money by taking $0.90 per lot when you trade. It means that you trade
against other traders, while Nadex acts as an
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