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Nadex Binary Options Broker 2024 Review

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Nadex Binary Options Broker 2024 Review
$10 Inactivity Fee Live Chat Support $250 Minimum Deposit
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Nadex
Founded:2009
Regulation:
OTC:
Forex Trading:
Assets:65
About
Nadex, founded in 2009, is an American Binary Options broker regulated by the CFTC, which adds to its credibility. However, is it a suitable platform for Binary Options trading? This article reviews account types, registration steps, bonuses, and Nadex commissions, providing key insights before trading.
Contact
200 West Jackson Blvd. Suite 1400 Chicago, IL 60606
Rank and Score
Account Types
Markets
Account NameMin DepositMax Return
DemoMin Deposit$0Max Return0%

Nadex is an American Binary Options broker that was founded in 2009. The American CFTC commission directly supervises Nadex Broker, and this issue gives it credibility. But beyond credibility, is Nadex Broker a suitable platform for Binary Options trading? In today's article, we will review the types of accounts, the step-by-step registration guide, bonuses, and Nadex commissions. Read this article before trading in an American Binary Options broker.

Nadex Broker Company Information

Nadex Binary
Nadex is one of the few Binary Options brokers the US CFTC has regulated.

Nadex, short for ā€œNorth American Derivatives Exchangeā€, is a cutting-edge brokerage firm that specializes in short-term, limited-risk Binary Option trading products. In the last days of 2021, the famous crypto.com exchange bought Nadex, and a few months later [March 2022], this purchase was finalized. Here's what sets Nadex apart from other Binary Options brokers.

  • Regulated Exchange: Nadex is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), ensuring a high level of investor protection.
  • Unique Trading Products: The platform offers Binary Options, knock-outs, and call spreads on various markets including forex, commodities, and stock indices.
  • Fixed Risk: All Nadex products come with predetermined maximum profit and loss potentials, allowing for precise risk management.
  • Direct Market Access: As an exchange, Nadex allows traders to buy and sell contracts directly, without going through a middleman.

With its innovative approach to derivatives trading, Nadex has carved out a niche in the U.S. market and beyond, catering to traders who seek a more structured and regulated environment for speculative trading.

Summary of Details & Specifics

Nadex's Binary Options offer a unique twist on traditional options trading. Here's a breakdown of their key features:

Broker

Nadex

Account Types

Real

Establishment Year

2009

Trading Platforms

Proprietary platform [Nadexgo]

Maximum Return

Not Specified

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

23/5

What Account Types are available in Nadex?

For users' convenience, Nadex only considers one type of trading account [real], and there are no other accounts except for demo trading. Some features of Nadex's real account:

  • $250 Minimum deposit ;
  • Access to all markets and products;
  • Real-time trading with actual funds;
  • 24/5 support.

Nadex does not offer an Islamic/Swap-free account option, which may be a consideration for muslim traders.

Nadex Broker Registration: Step-by-Step Guide

Registration is the first step to using Nadex broker services. For this, follow the steps below. Nadex Broker sign up:

  1. Visit the Nadex Website: Navigate to Nadex.com and click on "Open Account".
Nadex sign up
Click on ā€œOpen accountā€ to register.
  1. Fill Out the Application: provide information (name, last name, suffix, username, Email and password).
  2. Verify Your Identity: Upload required documents (ID, proof of address)
  3. Fund Your Account: For live accounts, make an initial deposit (min. $250)
  4. Complete the Knowledge Quiz: Answer questions to demonstrate your understanding of the products

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 Fees & Commission.
Main fees in broker Nadex are order opening and withdrawals.

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: Set 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 Deposit and Withdrawal Method
Nadex Doesnā€™t support cryptocurrencies as a payment method.

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 copy trading or social trading features. The focus is on self-directed trading, where each trader makes their own decisions based on their analysis and strategy.

Broker Nadex Trust Scores

Can you trust Nadex? You can find the answer to this question regarding the experience of other users and their score platforms such as ForexPeaceArmy. Nadex Trust Score:

  • Trustpilot: 2.6/5 based on 209 reviews;
Nadex Trustpilot
Nadex Binary Broker Trust score in Trustpilot
  • 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 23/5 trading schedule [Monday ā€“ Thursday, 5:00 p.m. ā€“ 6:00 p.m. ET], ensuring help is available when the markets are open.

Writer's Opinion and Conclusion

Nadex is an old broker and exchange (established in 2009) for trading Binary Options, knock-outs, and call spreads, which the US CFTC regulates. This brokerage was bought by the Crypto.com exchange in 2021. Despite the support of this exchange and proper credit, Nadex Broker needs to provide traders with attractive trading features. What do you think? Will Nadex broker services expand in the future?

Is Nadex available to non-US traders?

Yes, Nadex accepts non-US redsidents traders.

Can I trade Nadex on my mobile device?

Yes, Nadex offers the Nadexgo app for ios and Android devices.

Are Nadex Binary Options different from other brokers?

Yes, Nadex operates as an exchange, allowing traders to buy and sell options directly.

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