Nadex Broker Review
The North American Derivatives Exchanges, known simply as Nadex is a top choice for binary options trading. The site stands above the rest by being the United States’ only fully regulated broker and is subject to oversight from the CFTC, the Commodity Futures Trading Commission.
There are dozens of different trading assets available on Nadex, from various worldwide stock indices to currency exchange pairs to top commodities and even Bitcoins. There is plenty of helpful information on Nadex’s site to help you jump right into binary options trading. In addition to a long list of indices for when you’re ready to invest, Nadex is there to help you even before the trading begins.
Firstly, there is an option to open a demo trading account. This can be very helpful for anyone new to the Nadex trading platform or binary options trading in general.
Additionally, the site offers a very extensive of array of educational tools such as webinars, handbooks (including one about the site itself) and videos.
Spend some time going through and utilizing these tools and you will undoubtedly become a much more experienced trader. Trading on the site is a bit different that many classic European binary options brokers as the trade depends on where the asset settles as opposed to a simple increase or decrease. This feature, coupled with the regulation and education make Nadex one of the top worldwide brokers and much more appealing to experienced traders.
Nadex offers four different trading platforms:
- Free demo trading
- Nadex trader
- Nadex pro trader
- Mobile trading
There is no software to download as Nadex trading is performed entirely on your browser. The demo account is the first step in order to get a handle of trading with Nadex, and then using the extensive education programs, a trader can move on to the Nadex trader. There are no fees for trading with Nadex, except for the fees involved in performing each trade. The site offers very extensive video and text explanations about all of the payments and steps involved in trading with Nadex.
Also, after some time, Nadex decided to accept non-US interested traders to join and profit from binary options trading.
To registered traders, Nadex offers bonuses, Fee Holiday bonuses to be more precise. For ewach deposit amount, traders will get a specific number of free trading days.
- $250 – 3 days
- $500 – 6 days
- $1000 – 9 days
- $3000 – 12 days
- $10,000 – 15 days
Fee Holiday bonus is now a constant offer available for US traders. Free trading day starts from the day when first trade is placed.
Nadex Customer Support Service
To contact Nadex, US traders can use different ways, such as email and phone number (for US calls and international). However, there is no live chat, which we find strange since this is often the best way of how to get in touch with customer agent.
On email [email protected], traders can directly ask any question regarding trading process or any information they need to have a successful trading journey.
Nadex working hours are from 6 pm ET Sunday to 4:30 pm ET Friday.
As we discovered in Nadex review, platform is available only on English. We believe that multilingual platform will be useful since it will cover more traders, who might know understand English enough to invest in binary options.
Another thing worth mentioning is Nadex Learning Center. We were pleasantly surprised by the amount of useful education materials that can greatly contribute to more successful trading process.
US traders have on disposal to begin several different educational courses (Nadex / Nadex binary options / Nadex spreads / Nadex trading strategies), each with different topics covered. Alongside with that, traders can choose among a wide range of videos, webinars, trade examples, FAQs, glossary and trade examples on how to perform trading binary options in a profitable way.
Nadex Banking and Company
Our Nadex Broker Review revealed us that Nadex is a part of IG Group, a global financial service provider. Nadex ensures traders that binary options trading is safe and protected on this exchange. Also, they guarantee that all transactions will go smoothly.
While reviewing them, we found out that Nadex offers a wide selection of deposit and withdrawal methods, for both US and non-US residents.
Minimum deposit on Nadex exchange is $100 for US and non-US traders.
As Nadex broker is an officially regulated broker within the U.S., the depositing and withdrawal methods are slightly different for U.S. residents and those outside of the country. For U.S. traders:
- Debit card
- Automated Clearing House (ACH) network bank transfer
- Wire transfer
- Paper check
Withdrawals for American traders and clients can be performed using all of the above methods, excluding a paper check. Deposits at Nadex are available immediately for trading, except in the case of paper checks which take several business days to clear the funds. Non-U.S. traders:
- Debit card
- Wire transfer
Nadex Broker Review. Withdrawals can be performed using the above deposit methods.
I want to know if you trader with real money ? and what was the result? and if it is good why you don’t show us the real money trade session ? please don’t get me wrong but I want to trust the system before I spent my money could you please let me know ?
Get more information about recommended brokers
Hello. I want to try to trade with Nadex Broker. I’ve heard a lot of things different about this broker. Who has the practice of withdrawal of money and trading on the Nadex
Nadex is Great looking website. who have experience in trading with Nadex, because I have heard many things about this business and that it does not always pay the money.
To be honest, I do not understand who this broker is for. Behind the pictures are a professional trading room and very weak support. I lost some of my investments, but no one answered my questions about why this happened. Do not recommend trading on this broker.