Nadex is a top binary options company that has a unique trading platform and trading products that are different from the competition. Nadex scores well in all departments and is truly a reliable company that can guarantee the safety of your investments. Despite the lack of bonus or the slight complexity in trading, Nadex is a top choice for traders around the world.
Introduction To Our Nadex Broker Review
The Binary Options trading market is a new investment opportunity that has given way for a significant rise in financial scams and malpractices. In recent times, several new companies have come up with innovative services to cater to traders from all over the world, but most of them either wound up their businesses within a short span of time or were subjected to regulatory scrutiny owing to widespread scams. Nadex, on the other hand, is a reputed and reliable FX broker that continues to be at the forefront of Binary Options trading by offering some of the best financial products and services in the market. Read on to discover how Nadex can make a difference to your binary options trading bottom line.
Nadex Trading – Company Information
North American Derivatives Exchange, NADEX in short, is a US-based exchange house that offers binary options trading and spreads through a regulated platform. Nadex is an entirely owned subsidiary of IG Group, which is a London-based financial conglomerate that is listed on the FTSE-250 as a global financial services firm. The IG Group is a fairly reputed company in the financial industry and is home to some of the largest brokerages and liquidity providers in the market. Nadex has based its official headquarters in Chicago and was launched way back in 2004.
Nadex operates in the US as an exchange house, and not as a brokerage, where all contracts are transmitted between buyers and sellers according to a predetermined strike price. Nadex is entirely different from conventional binary options brokerages, as Nadex does not become a counterparty to their traders’ positions. Nadex does not have any role to play in fixing the odds of the trade, as all orders are transmitted through the exchange platform. Therefore, Nadex is one of the very few binary options companies that have no conflict of interest with its clients.
Nadex accepts US traders, and is also open to most countries around the world, with a few restrictions. Nadex is regulated by the Commodities and Futures Trading Commission (CFTC) of the US, which makes it a highly regulated entity. All clients’ investments are held in segregated accounts, and the company is routinely audited by the CFTC and other US agencies to ensure greater financial transparency. Nadex has received numerous awards and recognitions from top industry players for their sincere dedication to the welfare of their investors, as well as for their incredible products and services that are consistently ranked as the best binary options platform in the market.
The Choice Of Nadex Financial Assets
Nadex gives access to a pretty good list of financial instruments, although it is not as expansive as the list of financial assets offered by other binary options brokers. Nadex enables its traders to choose from different global markets, which include a small collection of stock indices, Forex, commodities, and News events. One of the finer aspects of binary options trading with Nadex is the ability to trade the events, which basically allows traders to trade the news, rather than its outcome. Here is a list of all the available Nadex assets offered by the company:
Stock Index Futures – Wall Street 30 (DOW), US 500 (S&P 500), US Tech 100 (Nasdaq), US SmallCap 2000 (Russell 2000), China 50, FTSE 100, Germany 30 (DAX), Japan 225 (Nikkei)
Forex – EUR/USD, AUD/USD, EUR/GBP, GBP/USD, USD/CAD, AUD/JPY, USD/JPY, GBP/JPY, EUR/JPY, USD/CHF
Commodities – Gold, Silver, Copper, Crude Oil, Natural Gas, Corn, Soybeans, Bitcoins
Economic Events – Fed Funds Rate, Weekly Jobless Claims, Nonfarm Payroll
Since Nadex does not involve itself into the trades, all orders and contracts are traded through the company’s proprietary exchange platform. Therefore, trading depends entirely on the market liquidity, and it is possible that traders may not be able to open or close their positions during certain times. Nevertheless, Nadex offers more than 5000 contracts daily, with a guaranteed 99.9% uptime.
Trading Binary Options At Nadex, Fees, & Payouts
Binary Options trading at Nadex is a bit more complicated than the traditional high/low trades offered by other brokers. For instance, a regular high/low trade is an agreement between a trader and a broker, where the house (the broker) has better odds than the trader. However, in the case of Nadex, the agency does not have any role in the outcome of the trade, except the responsibility of matching orders between buyers and sellers in the form of contracts. Therefore, Nadex binary options trading involves buying and selling of contracts with fixed value and expiration times.
Nadex binary options contracts have a value between 0 and $100, where 0 is the value for out of the money trades and $100 is the value for in the money trades. Under normal circumstances, the value of the contracts may vary according to the market strike price, liquidity, and expiration times. However, unlike conventional binary options, Nadex traders can get out of their binary options contract with a partial profit or loss, which is one of the most advantageous features of Nadex trading.
A successful Nadex strategy involves managing trades according to the way the price develops. Traders have complete freedom and control over their contracts, which not only ensures that traders can modify their trades according to market conditions, but they can also choose to take smaller profits and losses without risking the entire investment.
Nadex is an exchange company that operates out of contract fees generated from trades. Unlike its competitors, Nadex does not trade against its traders. Therefore, Nadex will charge a minimum trading fee of $1 per contract, for a maximum of $50, regardless of contract size. Therefore, the potential outcome and the profit potentials are endless, particularly due to the lower cost of trading. Regarding payouts, the losses and profits are determined by the entry/exit times and the type of contract. The potential for a loss is always limited by the amount of money invested according to the contract size, but the potential payout or returns can go as high as 150%. Realistically, traders can expect around 80% returns for in the money trades, while out of the money trades may be able to offer a refund of up to 30%.
Nadex Trading Platforms
Nadex has developed a proprietary binary options trading platform, which is designed as a standalone trading terminal for desktop and mobile operating system. The desktop trading platform is a web-based interface, which is an award-winning trading platform that offers the convenience of a dedicated installable interface through a web-browser platform.
The Nadex platform offers a simple and efficient interface that offers powerful analysis tools and trading options, which allows greater flexibility to open/close contracts and manage trades until their expiry. The Nadex binary trading platform is incredibly easy to learn, and all types of traders will find it easy to get accustomed to the platform functionalities within minutes. The Nadex platform is also relatively uncluttered and can be customised according to individual trader requirements.
Nadex Mobile Trading Apps
Nadex hasn’t ignored the popularity of mobile trading in the binary options market. Instead, the company has gone ahead with introducing dedicated trading interfaces for iOS and Android operating systems. Nadex mobile apps can be installed on iPhone, iPad, and Android devices, with the full suite of features and functionalities being made available across all different types of smartphones and tablets. Nadex Mobile trading allows not only seamless transition from the desktop platform to the mobile platform but also offers full-feature trading charts and advanced trading capabilities at your fingertips.
The Nadex mobile apps are complemented by the browser-based interface, which can also be used to access your trading account on a mobile device. Moreover, both versions of the trading interfaces are highly appreciated and accepted by Nadex clients, which is one of the main reasons behind Nadex’s growing popularity and award recognitions.
Making A Deposit & Withdrawal At Nadex
US-based companies are known for their higher minimum deposit requirements, and traders may have to make a few compromises with the payment options. Nadex does not quote any exuberantly high minimum deposit requirements, but traders are required to deposit at least $250 for a live trading account. Although most traders don’t consider $250 to be a significant amount, other brokers may offer reduced deposit options that may start at $1. Nevertheless, the minimum contract size at Nadex is $1, with increments of 0.25 per contract.
The funding options for Nadex are severely limited, as the company does not support any online payment channels such as PayPal, Skrill, or Neteller. All deposits are processed through Debit card, check, Wire Transfer, or Bank transfer. International traders only have the option of funding their accounts through a debit card or through an international wire transfer. Withdrawals are also processed through these payment methods, which involve a considerable amount of time for international traders.
Despite the reduced number of payment options, all withdrawals are processed in a timely manner, without any major difficulties. CFTC regulation is indeed a major contributor towards the efficiency and reliability of the company, but Nadex’s parent IG Group has also been known to garner a positive reputation in the market due to its customer satisfaction policies.
Signing Up For A Nadex Demo Account
Nadex offers an unlimited demo account, completely free of cost for its traders. A Nadex demo account is a more or less an accurate representation of a Nadex real account, but there are subtle differences in trading characteristics. Nadex is not a conventional binary options broker in its mode of operations, as the contracts and trading features may differ to a greater extent. Therefore, there are some integral differences between a Nadex demo account and Nadex real trading account, which should be taken into consideration before opening a live trading account with the company.
Nadex Customer Service & Support Channels
The customer service aspect of Nadex is certainly a major benefit for existing customers, as Nadex offers a professional client interaction platform that can be accessed through email, phone, and web contact form. However, the absence of live chat or VOIP support may provide reduced options to traders, but the company makes up for it through an excellent toll-free number that can be accessed 24 hours a day and for six days a week.
Nadex Extra Features
Nadex clients can utilise the excellent learning centre offered by the company to hone their trading skills or learn the dynamics of the markets to make accurate predictions. Nadex does not promise 100% success rate through its educational materials, but the different webinars, tutorial videos, trade examples, research, market analysis, and other trading videos should offer a tremendous resource for both beginners and expert traders alike. Nadex certainly has one of the best user resources, features, and training materials that can help you to become a better binary options trader.
- US regulation guarantees the safety of funds and excellent customer service.
- All traders allowed, including from the US and other countries.
- Excellent binary options products and trading features.
- Innovative and user-friendly trading platforms.
- Ability to manage trades.
- Guaranteed payouts.
- Professional and friendly customer service.
- Comprehensive tutorials, trading videos, and other features through the Learning Center.
- Free demo account for all users.
- List of instruments not as comprehensive as other brokers.
- No bonuse.
- Traders may find the Nadex binary options trading to be a bit more complex than conventional binary options.
Does Nadex Accept International Clients?
Nadex accepts traders from all over the world. However, traders from some countries may be restricted from trading at Nadex, and you should get in touch with Nadex to know whether your country is accepted.
Is Nadex Suitable For Beginner Traders?
Nadex is suitable for both beginner and expert traders. Traders that are familiar with regular binary options may take some time to get accustomed to the Nadex platform, but it is relatively easy to get familiar with the company’s products and services.
Does Nadex Offer Premium Accounts?
Nadex does not offer a premium account per se, but offer different types of individual accounts and business accounts. The company may require extensive documentation and valid identity proof, prior to confirming withdrawals.
How To Open A Nadex Demo Account?
Nadex offers an easy and convenient option to open a demo account within five minutes, without any documentation or deposits. All you need is a valid email address, and you can access your demo account within minutes.