Nadex is built around its proprietary system, Nadexgo. It offers a $250 minimum deposit and a $1 minimum trade amount. Traders can expect a maximum return of 90% per trade.
The platform supports US residents with Debit Cards, ACH (Bank Transfer), Paper Checks, and Wire Transfers for deposits and Debit Cards, ACH, and Wire Transfers for withdrawals.
Nadex Broker Company Information
Nadex, short for North American Derivatives Exchange, is a U.S.-based and fully regulated binary options exchange founded in 2009.
Headquartered in Chicago, Nadex operates under the strict oversight of the Commodity Futures Trading Commission (CFTC), making it one of the few legal platforms for binary options trading available to U.S. residents.
Rather than acting as a market maker, Nadex functions as a transparent exchange, matching traders directly without taking the opposite side of any trade. Its revenue comes solely from clearly defined transaction fees, and not from traders' losses.
To enhance client safety, Nadex segregates all client funds in top-tier U.S. banks (Fifth Third Bank and BMO Harris Bank), exceeding federal security standards.
Its legal status, regulatory transparency, and direct-access exchange model set it apart in the binary options space, especially in a market where many offshore brokers operate with little oversight.
Summary of Details & Specifics
Nadex's Binary Options offer a unique twist on traditional options trading. Let's see if Nadex has what it takes to become one of the Binary Option brokers.
Broker | Nadex |
Account Types | Real |
Establishment Year | 2009 |
Trading Platforms | Proprietary platform [Nadexgo] |
Maximum Return | 90% |
Minimum Deposit | $250 |
Base Currencies | USD |
Deposit Methods | Debit Card, ACH (Bank Transfer), Paper Check, Wire Transfer |
Withdrawal Methods | Debit Card, ACH (Bank Transfer), Wire Transfer |
Minimum Trade amount | $1 |
Maximum Trade Amount | 90% |
Tradable Assets | Forex currency pairs, Stock, CFD |
Investment Options | None |
Bonus | None |
Spreads | $1 at least |
Commission & Fees | $10 per month for inactivity, $1 for order opening, $25 for withdrawal |
Maximum Leverage | Not Provided |
Affiliate Program | Yes |
Trading Features | Not Specified |
Inactivity Fee | $10 per month |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | Monday – Thursday, 5:00 p.m. – 6:00 p.m. ET |
What Account Types are available in Nadex?
Nadex maintains a transparent and minimalistic account structure, offering three primary account types:
Individual Account
This account type is available to residents of the U.S. and certain approved international jurisdictions. Key features include:
- Minimum deposit: $250;
- Includes full access to the Nadex platform with all asset classes.
Business Account
This account type is designed for registered corporate entities and investment groups. Important notes regarding business accounts:
- Requires verification of business identity, ownership, and tax compliance;
- Access to the same platform tools as individual accounts.
Demo Account
A free account accessible to beginner traders to practice various trading strategies. Key features include:
- Free, no deposit required;
- Preloaded with $10,000 in virtual funds;
- Ideal for testing strategies or learning the platform.
Nadex does not offer VIP tiers, cashback bonuses, or profit-based account upgrades. All users receive the same trading conditions, platform access, and pricing structure, reinforcing its position as a regulated financial exchange rather than a traditional offshore broker.
Nadex Accounts Comparison
To help you better understand the pros and cons of each account type, check the table below:
Account Type | Individual Account | Business Account | Demo Account |
Minimum Deposit | $250 | $250 | $0 |
Trading Platform | Nadex platform | ||
Markets and Instruments | Forex, Stocks, CFDs | ||
Minimum Trade Amount | $1 | ||
Commission | $1 | ||
Maximum leverage | Not Specified | ||
Special Features | - | Exclusive to Business | $10000 Virtual Funds |
Nadex Registration Step-by-Step Guide
To open an account with Nadex broker, follow the steps below:
#1 Visit the Nadex Website
Navigate to the official Nadex website and click on "Open Account".
#2 Fill Out the Application Form
Provide personal information, including
- First and last name
- Suffix
- Username
Then, set a password for your account.
Next, you must verify your identity by uploading documents such as a passport, ID card, or driver's license as proof of identity, and a bank statement or a utility bill as proof of address
Nadex Broker Bonuses
When it comes to bonuses, Nadex takes a different approach compared to many offshore Binary Options brokers. As a CFTC-regulated entity, Nadex does not offer traditional deposit bonuses or promotional offers.
While the lack of bonuses might seem disappointing at first, it's important to understand that this approach aligns with Nadex's commitment to transparency and regulatory compliance. Instead of flashy promotions, Nadex focuses on providing a fair-trading environment with competitive fees and innovative products.
Commission and Fees
Nadex prides itself on a transparent fee structure. The main Nadex fees are for withdrawing and opening trading positions, which you can see in the table below. Nadex broker commission:
Withdrawal Fee | Winning Trades Fee | Inactivity Fee | Order Opening Commission | |
Real Account | $25 (regardless of the amount) | Not specified | $10 per month | $1 |
Features of Nadex Personal Cabinet
The Nadex trading platform offers a user-friendly interface with a range of features to enhance your trading experience. In your personal cabinet, you'll find:
- Account Overview: Quick view of your balance, open positions, and trading history
- Market Watch: Real-time quotes and charts for all available assets
- Order Entry: Easy-to-use ticket for placing trades
- Risk Management Tools: Setting stops and limits to control your exposure
What Indicators and Oscillators Can You Use on Nadex Broker?
Nadex provides a suite of technical analysis tools to help you make informed trading decisions. Some popular indicators available include:
- Moving Averages (MA)
- Relative Strength Index (RSI)
- Bollinger Bands
- Moving Average Convergence Divergence (MACD)
- Stochastic Oscillator
- Volume Indicator
- OTFM
- Dexie
- ATFM
- Dex atmix
- Average true range (ATR)
These indicators can be applied to charts to identify trends, overbought/oversold conditions, and potential entry/exit points.
Deposit & Withdrawal Options on Nadex Broker
Nadex offers several convenient methods for funding your account and withdrawing profits, but the important thing is that the methods of depositing and withdrawing from Nadex in America are different from those in other parts of the world. The table below lists all the methods.
US residents Deposit | US residents Withdraw | Non-US residents Deposit | Non-US residents Withdraw |
Debit Card | ACH (Bank Transfer) | Debit Card | Debit Card |
Paper Check | Wire Transfer (Telegraphic Transfer) | International Bank Transfer | International Bank Transfer |
ACH (Bank Transfer) | Debit Card | - | - |
Wire Transfer | - | - | - |
Minimum deposit in Nadex is $250 and Withdrawal processing time is 2-3 business days.
Copy Trade and Social Trading
Unlike some other platforms, Nadex does not currently offer the following:
- copy trading
- social trading features
The focus is on self-directed trading, where each trader makes their own decisions based on their analysis and strategy.
Benefits and Drawbacks
While Nadex provides quality binary option brokerage services, it isn’t without drawbacks. Nadex pros and cons:
Advantages | Disadvantages |
Regulated by CFTC | High withdrawal fees |
Minimum trade amount is $1 | 10 monthly inactivity fee |
Backed by Crypto.com exchange | Restricted deposit/withdrawal methods |
Various indicators | - |
Broker Nadex Trust Scores
Can you trust Nadex? You can find the answer to this question regarding the experience of other users and their scores on the Nadex ForexPeaceArmy profile and its profiles on other reputable websites like Trustpilot. Nadex Trust Score:
- Trustpilot: 2.6/5 based on 209 reviews
- ForexPeaceArmy: 2.1/5
- Reviews.io: 4.2/5 based on 123 reviews
Nadex Broker Support
Nadex provides comprehensive customer support to ensure a smooth trading experience:
- Live Chat: Available during trading hours
- Email: customerservice@Nadex.com
- Office: 200 West Jackson Blvd, Suite 1400, Chicago, IL 60606
Nadex's support team can assist with account-related inquiries, technical issues, and general questions about their products. The extended support hours align with their trading schedule [Monday – Thursday, 5:00 p.m. – 6:00 p.m. ET], ensuring help is available when the markets are open.
Nadex Services Compared to Other Binary Brokers
The table below compares Nadex services and features against other binary brokers.
Parameters | Nadex | ||||
Establishment Year | 2009 | 2013 | 2019 | 2014 | 2017 |
Maximum Return | 90% | Up to 90% | 98% | Up to 93% | 90% |
Minimum Deposit | $250 | $10 | $10 | $10 | $5 |
Minimum Trade amount | $1 | $1 | $1 | $1 | $1 |
Number of Trading Assets | Over 60 | Over 250 | Over 400 | Over 100 | Over 100 |
Bonus | No | No | Welcome Bonus, deposit bonus, risk-free trade, loyalty program, seasonal promotion | Deposit Bonus | Welcome Bonus, First Deposit Bonus, No Deposit Bonus, YouTube Video Contest |
Maximum Leverage | Not Specified | 1:100 | 1:1 | 1:500 | 1:1000 |
Inactivity Fee | $10 Per Month | €10 Per Month | No | $10 Per Month | No |
Writer's Opinion and Conclusion
While Nadex is highly regulated, it does not offer features such as copy trading or social trading, which some other brokers do.
However, the platform also has some drawbacks, including $10 per month inactivity fees and $25 wire withdrawal fees, which could affect more active traders.
With the support of Crypto.com, which acquired Nadex in March 2022, it remains to be seen whether Nadex will adapt and enhance its offerings, adding more features and attractive incentives.