Nadex Broker Review 2017

  • Min. Deposit $250
  • Min. Invest $0.01
  • Return n/a

Nadex is the largest and first exchange, which accepts only US traders.

Nadex exchange is regulated by the Commodity Futures Trading Commission (CFTC) and enables US citizens to trade binary options with a limited risks and low cost.

Recently, they started accepting traders worldwide, not just US residents!

Nadex is not a typically binary options broker unlike many others in the industry. Further in our Nadex review, traders can find out more about how to trade binary options on Nadex platform and what are the basics of successful binary trading.

Nadex was founded in 2004 as HedgeStreet, while in 2009 they rebranded as Nadex we all know now. With HQ is Chicago, Nadex offers safe and regulated trading platform for US citizens to trade binaries.

Nadex General Information

Nadex is a US exchange, regulated by the CFTC regulatory authority.

With this type of information, US traders are able to trade binary options on the only CFTC regulated US exchange as a Designated Contract Market and Derivatives Clearing Organization.

CFTC authority is responsible for monitoring options, futures and trading swaps with mission to keep clients’ funds protected from any possible manipulation of fraud in this online investment type.

To begin trading binary options with Nadex, minimum deposit of $250 is required.

What we discovered in Nadex review is how they offer two possibilities to trade with: binary options and spreads.

In binary options trading, traders need to assume in advance what would be the price movement of an asset, will the price rise or fall. However, with spreads, it is possible to trade between two price levels in order to avoid any negative aspects, such as choose bottoms or tops or become too much risk exposed.

Below in Nadex review, we will provide detailed information and tips on how to trade binary options as well as inform US and international traders about Nadex trading platform and what features are available for US traders in order to profit from binaries.

Nadex

Nadex Trading Platform and Features

Our Nadex review revealed how this platform is proprietary, meaning how they made it customized to all interested US traders who want to invest in binary options on US soil.

When joining Nadex platform, traders will get access to global financial markets with relevant data in real time and only fees traders are paying are actually transaction costs regarding each trade.

Registration and login process are easy and to access Nadex via login, traders need to provide their username and password. For registration, certain information need to be fulfilled, such as contact info and residential address.

Nadex platform is simple to use and with user-friendly interface which simplifies traders’  binary options experience. They prepared three types of trading platforms to US traders; Nadex Trader (web-based platform), Nadex Mobile / Tablet and Nadex Demo platform.

With mobile trading and option to practice trading binary options on demo account, US traders are able to benefit from binary trading due to these useful features which could lead to profit gain if and when used properly.

For example, mobile app is connected with both Android and Apple devices and can be used on smartphones and tablets as well.

Trading on the go is especially widespread among busy traders who prefer having access to the platform from anywhere. Nadex app enables traders to have an easy overview of their trading charts and history tab, as well as option to track latest updates on the financial market.

Another important info learned in Nadex review is the fact how this regulated exchange enables traders in the USA to trade with a variety of stocks, currencies, commodities, economic events and bitcoin (digital currency).

With Nadex, it is possible to choose between following trade options, such as Long Term, Spreads and High/Low.

Nadex Account Types

Demo account comes as an additional benefit on Nadex platform.

Nadex funds demo account with $25 000 of virtual funds for practicing how to trade. The main idea is to reduce risk and learn what is the best way to trade binary options in order to profit from this trading type. This demo is available for just 14 days.

Besides training on demo, US citizens can trade binary options on Real account type. Once traders register on Nadex platform, they’ll get direct access to a selection of real-time trading charts with insight to trades on different assets.

Nadex

Nadex Customer Support

What we discovered in Nadex review is that platform is available only in English. So far no other language is available which is strange little bit since many nations live in the USA.

Each new Nadex member is assigned a binary expert for 2 months at no extra fees which is fantastic.

Traders are able to contact Nadex support service via email on customerservice@nadex.com or phone.

One phone number is available for US citizens and other for international traders. Customer support works between 6 pm ET Sundays through 4:15 pm ET Fridays, except for end of day processing hours between 5 pm and 6 pm ET Mondays to Thursdays.

As an excellent benefit of Nadex platform is their Learning Center, which we find extremely useful for both expert traders and novice traders. These education materials include: educational courses, webinars, videos, handbooks, trade examples, expanded FAQ list, glossary and market news.

This shows how trading binary options on Nadex can be a profitable investment if traders see the importance of trading education and use in when placing trades. These edu materials should be more than enough to get better understanding of binary options trading and its basic principles.

Also, our Nadex review revealed how traders in the USA can join Nadex exchange via social media networks, such as Facebook, Twitter, LinkedIn and Google +.

Nadex – How to Deposit and Withdraw Funds?

Nadex exchange is owned by IG Group, a UK derivatives company.

As a regulated exchange, Nadex offers a safe trading environment for US traders to invest in binary options. They ensure traders into having secure and protected money transactions where they don’t need to worry will they be scammed during deposit or withdrawal process.

Nadex review shows how both US and non-US residents can deposit with Nadex with minimum deposit of $250.

For US residents, accepted deposit methods can be done via debit cards, bank wire transfer, and Paper Check. However, for withdrawals, ACH withdrawal option takes 3-5 days for funds to appear on traders’ account. Debit card and wire transfer withdrawal options are also available.

All transactions are done under My Account – My Wallet tab.

For non-US residents, available deposit and withdrawal methods are: debit card payment and bank wire transfer. For deposits via bank wire, fee is $20, while for withdrawals, fee of $25 will be charged.

As mentioned above in Nadex review, expected withdrawal time is between 3 and 5 business days.

It is important to mention how Nadex invest a lot of effort into ensuring top notch safety standards for registered traders.

All clients’ funds are kept segregated in following banks: BMO Harris bank and Fifth Third Bank in Chicago.

Nadex - Review Conclusion

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