Nadex Reviews and Ratings:
|Telephone||1 877 776 2339|
|Broker Type||Derivatives Exchange, not a broker*|
|Account Base Currency||USD|
|Trading Platforms||Web based, Nadex mobile app,|
|Markets||Binary options- Stock Indices, Forex, Commodities, News, Cryptocurreny|
|Funding Options||Debit card, ACH, Bank wire, Check|
Overview: The Chicago-based Nadex (North American Derivatives Exchange) is regulated by the CFTC and owned by an international financial group (IG). It is a Binary options exchange with a unique trading platform for retail forex trading (see our link on how Binary Options work). Trading costs are low and transparent. Traders enjoy safety of their investments, commission free trading with guaranteed limited risk, though Nadex doesn’t offer bonuses.
Accounts: Nadex offers separate individual accounts for US residents and international traders. Also offered are business accounts for trusts, LLCs, partnerships, and corporation accounts. Separate demo accounts with $25,000 virtual currency and unlimited use are available for beginners to practice their hand before trading with real funds. Funds are held in segregated US bank accounts Fifth Third Bank and BMO Harris Bank. Traders pay $1 to open each contract, up to $50 to initiate trade, and $1 trade closing fee.
Minimum Deposit: $250
Features: The award-winning Nadex Trader platform, its mobile version and demo version are the only platforms offered at Nadex. Nadex Trader works through a web interface with an installation. Both desktop and mobile platforms are intuitive, with trading charts and Buy and Sell buttons for easy transition from analysis to trading. The Real Time Account Funding feature gives traders a chance to get up to $500 in real time funding, and subsequently up to $1000 in real-time funding if the account is in good standing.
Education: Beginner and advanced traders can enjoy webinars, e-books, educational courses and other learning resources on the Nadex website, and keep track of market news and analysis from a team of in-house and guest experts.
Deposits/Withdrawals: Traders must deposit at least $250 to open a live trading account. Deposits can be made through debit cards, bank transfers or wire transfers.
Customer Service: Traders have access to support through email or phone (US toll free and international numbers) Sunday through Friday.