Nadex Review

Wanna see if NADEX is a legit broker? Is it safe to trade? Is spread high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this NADEX Review.

We checked NADEX licenses and regulation status, compared NADEX Fees, spread & commission from the Live account to other 150 brokers. The time for deposit & withdrawal and many more findings, all you can get in this Review.

NADEX is a North American Derivatives Exchange and is a first US exchange to offer regulated Binary Options, Touch Basket and Call Spreads trading founded in 2004.

NADEX is regulated by top-tier CFTC in the US and is a part of globally regulated holding IG Group.

NADEX Highlights

🗺️ Regulated in	USA
🛡️ Is Nadex safe to trade	Yes
💵 EUR/USD spread	Commission 1$
🏦 Deposit	Cards, Bank Transfer
💰 Minimum deposit	US$250
🏦 Withdrawal	Cards, Bank Transfer
💻 Trading platform	NADEX Platform
💳 Trading markets	Binary Options, Call Spreads and Knock-outs on Forex, Indices, Commodities, Events
📈 Number of product	30+
📉 Live chat response	Instant and relevant answers

Regulation

License and regulation are the keys to money security. Important to check two factors, the broker’s license with its background and how traders protected if anything went wrong.

Is NADEX legit

NADEX is regulated by the USA Commodity Futures Trading Commission (CFTC), and is a part of the globally presented and regulated IG Group (LON: IGG)– FTSE 250 firm with regulations from top-tier FCA, ASIC, MAS and more.

NADEX Licenses and Regulatory status

Entity	Registered in	Regulator	Status
North American Derivatives Exchange, Inc	USA	Commodity Futures Trading Commission (CFTC)	Currently Regulated

Is NADEX safe

NADEX considered safe because regulated by the top-tier CFTC, and is a part of reputable Stock Listed group.

NADEX operates one entity based in the Chicago and regulated according to local laws.

NADEX Compensation Scheme

Entity	Compensation Amount	Negative Balance Protection
North American Derivatives Exchange, Inc	No Protection	Yes

NADEX provides negative balance protection for trading accounts for the trades that went below zero your account will return to 0.

Markets and Products

NADEX main offering is based on legal Binary Options, Knock-outs for weekly market forecast and Call spreads.

From the downsides, there is no any other popular trading instruments like Forex, CFDs or Futures offered.  

Binary Options

Binary Option is a mainstay of the Nadex including Forex, Stock Indices, Commodities and Events, where trader simply bet if the price will go up or down on particular time frame.

Markets	Instruments
Forex	11
Indices	8
Commodities	4
Cryptocurrencies	–
Bonds	–
Shares	–

Account types

NADEX has a single account type, the different apply only whether you are Individual with US Residence, International trader or a Business client, so the conditions are different.

Login

To login NADEX account you should follow registration and account opening to sign-up from the official website link.

Fees and commissions

Fee levels in NADEX ranked as low. However, legal Binary Options is one of the kind in Nadex, so costs can not be properly compared to other 150 brokers Live account spread in our database.

Spread for popular instruments we collect for 6 markets and 150 brokers

Markets	Instruments	Low	Average	High
Forex	EUR/USD	0.1-0.9	1-1.5	1.6 or higher
Indices	US 500	0.1-0.4	0.5-1.4	1.5 or higher
Commodities	Gold	0.1-0.4	0.5-2	2.1 or higher
Stocks	Tesla	0.1-0.5	0.6-1	1.1 or higher
ETFs	US Russell 2000	0.1-0.4	0.5-1.4	1.5 or higher
Cryptocurrencies	Bitcoin	0.1-0.5%	0.6-0.9%	1% or higher

Spreads

NADEX Binary Options trading costs are solely built into a commission of 1$ per contract side.

There is no any other fees andtrading conditions depending on the instrument you trade where tick value and allowed number of contacts depending on the asset and type of the trading strategy you perform Binary Option, Call Spreads or Knock-out Contacts.

Other Fees

NADEX has low non-trading fees. There are no fees for deposits and withdrawals are available for free, also market data and software is on a free use.

Trading Conditions

The trading conditions at NADEX are good for its profile of Binary Options trading. However, standard trading strategies are not available due to the nature of instruments, you can not deploy Hedging or Scalping strategies.

Trading Conditions	Yes/No
Hedging Allowed	No
Scalping Allowed	No
Change Leverage Allowed	Yes

Hedging is not available in the US due to regulations also for Binary Options.

For scalping, NADEX does not restrict any trading strategy within Binary Options trading, but typical trading scalping is not available also there is no Expert Advisors (EAs) are available via the MT4 platform or VPS.

NADEX allows to trading leverage, levels deepening on the instrument.

Deposit

NADEX has no deposit fees.

Deposit options including standard Bank transfer and Credit or Debit cards. Electronic wallets, PayPal or similar are not available due to regulations.

A bank transfer can take several business days, card transfers are instant.

Deposit Method	Funding Time	Fee
Credit Card	Instant	Free
Wire Transfer	Few business days	Free

Minimum Deposit

The minimum deposit requirement is 250$ for Individual account for US residents.

Withdrawal

You can make free Debit Card withdrawal, Bank Transfer will incur a 25$ fee. Typically, withdrawal requests are approved by Nadex within 1-2 business days.

Withdrawal Method	Withdrawal Time	Fee
Credit Card	1-2 business days	0$
Wire Transfer	1-2 business days	25$

Bonus

There is a welcome Bonus offering to get 10% on the initial deposit and refer a friend program.

Trading Platform

NADEX uses it own proprietary Platform connected to Nadex Exchange system, supporting all devices and available as Web Platform and Desktop Platform accessible across Windows or Mac.

App

Mobile Trading platform NadexGO is well developed and has good design suitable for Android and iOS.

API

There is no APIs available on Nadex Platform, however its parent company IG offers APIs trading.

Research and Tools

NADEX research tools are available directly on the platform, with full-feature charts, good technical indicators and drawing tools.

However, that is all what Nadex research is limited to, there is no Economic Calendar, Real-time News or Fundamental Analysis from market leading providers.  

Signals

Trading signals available on the platforms and available on your pre-set parameters.

NADEX Research tools available through:

• NADEX platform
• NADEX website – Learning

Education

NADEX education content is informative, you can find Video tutorials, Demo account, Live Webinars and glossary, with quality read Articles defined by topics.

At NADEX you can learn though the following ways:

• Demo account
• Educational videos
• Attend Live Webinars
• Learning articles

Demo Account

Demo Account is Free use and available on limited time basis.

Customer Service

NADEX customer service is available on working days solely through its US branch, we got relevant answer through e-mail.

NADEX Customer Support is available in various languages:

• Live chat
• Telephone
• Email

NADEX e-mail response is fast speed, the agents are helpful but Live Chat operate during working hours

Question Asked	We asked about Trading conditions.
Time of Reply	We got response within 1 day.
Quality of Reply	The answer was relevant and informative.

Conclusion

NADEX is a safe broker to trade. The company is one of its kind to offer regulated way to trade Binary Options in the US.

The trading conditions and overall proposal is good, with low costs and range of services.

From the negative cons Nadex specialize only on Binary Options there is no any other trading available.

We recommend NADEX for traders who still prefer to trade Binary Options legally in the US as a way to avoid offshore brokers, even understanding considering Binary Options are high risk investment.