Review of Nadex


adex is not a standard exchange, therefore, they do not offer traditional monetary bonuses. They do, however, provide “Fee Holiday Bonuses” These bones are for “fee free: days, in other words, they can override the initial feels for those days.
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Broker Nadex
Website URL
Founded 2004
Headquarters Chicago, USA
Support Types Support Mail, Support Phone
Languages English, Spanish, German, Italian, French
Trading Platform Nadex
Minimum 1st Deposit $250
Minimum Account Size $1
Minimum Trade Amount $250
Maximum Trade Amount Unlimited
Bonus adex is not a standard exchange, therefore, they do not offer traditional monetary bonuses. They do, however, provide “Fee Holiday Bonuses” These bones are for “fee free: days, in other words, they can override the initial feels for those days.
Payout 100%
Free Demo Account Yes
Regulated Yes
Regulation Regulated by the CFTC
Fees Yes
Account Types One single type of account
Deposit Methods Visa, Mastercar, Bank Wire
Withdrawal Methods Visa, Mastercar, Bank Wire
Number of Assets 30+
Expiry Times 5min, 1 hr, 24h, 24 hr+, End of Day, End of Week, End of Month
Types of Assets Currencies, Stocks, Indices, Commodities
Option Types High/Low, Pairs, One Touch, Ladder, Forex
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.6


  • Accepts US customers
  • Excellent customer support


  • No deposit bonus
About Nadex

Nadex stands for North American Derivatives Exchange. Nadex is an exchange for spreads and binary options. It is in the United States and is regulated by the Commodity Futures Trading Commission. The Chicago headquarters are staffed by a variety of directors with specialties in different areas.

The company provides services for over 5000 trade contracts each day. The company also offers fixed maximum losses and profits. It also has a verified account management to guaranteed settlements. The company says that using Nadex is a low-cost way to expand the trading potential of any portfolio.

Binary Options

A binary option depends upon whether a certain market will be above or below a certain amount at a particular time. If the customer believes the price will be above, he or she should purchase the option. If the client thinks the price will be lower, then it should be sold. Nadex offers binary options worth $100 where the seller and buyer divide the cost. If the customer is right, he or she receives $100. If the client is wrong, he or she receives nothing. A consumer cannot lose more than $100.

The binary options require four steps to trade:

• Step #1: Pick a market (Stock Index Futures, Forex, Commodities, or Economic Events) or more than one from the same account. An expiration date also has to be chosen.
• Step #2: Using the Nadex platform, determine a strike price. A variety of tools is available to help in making this decision.
• Step #3: Place the order for the trade. On the Nadex trading platforms, an order ticket allows a customer to place a trade stress-free.
• Step #4: Monitor the trade online from the web-based or mobile apps. Nadex allows an individual to wait until the trade has expired or to exit earlier. If the trade is losing money, exiting early would be the best option.

Binary options have various benefits. One benefit is binary options carry a limited risk and has the potential to provide a turnover in level or unstable markets. A margin call never happens with these binary options, and the profit and loss are set before the trade happens. A customer never gets stopped out and can exit at any time.

Nadex Spreads

A spread is a built-in floor and ceiling price caps which provides a client loss protection while moving between two price levels. This spread allows a person to use any trading strategy without worrying about risk protection and natural profit targets.

To trade spreads, a person must complete a four-step process:

• Step #1: Pick a market
• Step #2: Choose a position and price range
• Step #3: Place an order to buy or sell
• Step #4: Manage and close the spread trade

A person using a spread to trade receives a variety of benefits. A spread allows the customer time to be right about the trade and it provides protection if he or she is wrong. A customer can also trade bullish or bearish bias hassle free. This process allows staying power that a customer cannot get with the stop-loss order. A spread also moves in association to the original markets which a customer may already know.

What Can You Trade?

Being one of the first CFTC-regulated exchanges to do so, Nadex allows United States and international customers to complete legal trades in a variety of markets. These trades can be done using spreads and binary options that are low risk. The risks involved are set before the trade happens. It only takes a small opening balance, and a person can begin trading stock index futures, economic numbers, Forex, and Commodities in just a few minutes.

Stock index futures are futures contracts on a stock. With Nadex, an individual can trade both United States and global stock market indices. A person does not have to use ETFs or index futures. These trades with Nadex cost less than other brokers. With stock index futures, the gains and losses are known up front.

Forex is an exchange contract to buy or sell currency. This market is the largest in volume in the world with over four trillion dollars traded daily. It also offers liquidity and opportunity in trades. Nadex allows trading 23 hours a day and six days a week. This company provides an opportunity to trade ten of spot Forex pairs.

Commodities are items such as metals, oil, and grains. Commodity prices can affect a person on a daily basis. These types of trades can be risky, but Nadex allows trades that cost less and have limited risk factors.

Economic numbers include such items as interest rates and unemployment claim numbers. Some traders use this information to predict how the market is going to react. Nadex allows trades on the number with the binary options.

Trading Platforms

Nadex offers a broker free trading environment. The company has two different trading platforms which are mobile apps and web-based. Both of these platforms have technical indicators, drawing tools, and charts that offer free real-time revealing data. Nadex makes available a place for the customer to create a free demo account. The demo gives the customer $25,000 in simulated funds to try the web-based and mobile apps.

These platforms have a type of software that allows customers to place orders to the exchange without a broker or clearing desk. This flexibility can meet a variety of customer’s needs. The platform also includes price ladder charts where orders can be placed directly.

The web-based platform can be accessed from any PC such as Windows, Linux, or Mac. This platform does not require a download, but it does require a username and password. Nadex has a unique feature called Market Order with Protection (MOP) that allows a customer to enter and exit a trade without risking a fill different from the intended price. It is also possible to place a limit order.

The mobile apps platform is compatible with the iPhone, iPad, and Android. The iPhone app has a filter to strike prices to make finding trades easier. This app also allows you to see price history and technical indicators. The iPad app permits one-tap order placement from different screens. It also has a binary price or strike price, search and filter option. The Android app can adapt from a small phone to a 6-inch tablet. It shares the same features as the iPhone and iPad apps.

Bonus Offer

Nadex offers the demo account where a customer can try the binary options and spread trading with virtual money. The company also provides free trading days with a first funding amount. For example, if the first deposit amount is $500, then a person would receive two free trading days. The more money in the first deposit means more free days. An example is $10,000 would give a customer ten free trading days.

Customer Support

Nadex’s customer support is one of the best. A client can contact the company by phone, mail, or email. They also offer a Learning Center on the website. In the Learning Center, there are educational courses. The educational courses include videos and articles explaining Nadex, binary options, Nadex trading strategies, and Nadex spreads. These courses offer a step by step guide on how the four topics work and how to get the most out of the Nadex trading experience.

Nadex also provides an entire section on educating traders on binary options. The company has trading handbooks that are available for free and can be downloaded immediately. Under the customer support tab, Nadex offers trade examples to aid in learning the basics. These examples are real trades that occurred on the Nadex platforms. Screenshots and explanations are included to help understand the examples.

Nadex also provides webinars each week. The webinars are offered by experts who use live markets to answer questions and walk through examples. The webinars are presented for free to anyone, but members have an option to attend smaller class size webinars.

Nadex also has an extremely larger trading video library. The library provides information about binary options, the platforms, specific market strategies, spreads, and much more. The video library allows a person to learn at his or her own pace. Nadex even has a YouTube channel where new videos are posted weekly.

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