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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.

What is Nadex

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

πŸ—ΊοΈ Regulated inUSA
πŸ›‘οΈ Is Nadex safe to tradeYes
πŸ’΅ EUR/USD spreadCommission 1$
🏦 DepositCards, Bank Transfer
πŸ’° Minimum depositUS$250
🏦 WithdrawalCards, Bank Transfer
πŸ’» Trading platformNADEX Platform
πŸ’³ Trading marketsBinary Options, Call Spreads and Knock-outs on Forex, Indices, Commodities, Events
πŸ“ˆ Number of product30+
πŸ“‰ Live chat responseInstant and relevant answers


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

EntityRegistered inRegulatorStatus
North American Derivatives Exchange, IncUSACommodity Futures Trading Commission (CFTC)Currently Regulated
NADEX Review – CFTC Register
NADEX Review – CFTC Register

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

EntityCompensation AmountNegative Balance Protection
North American Derivatives Exchange, IncNo ProtectionYes

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.


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.


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

NADEX Review – Account Opening
NADEX Review – Account Opening

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

ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher


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.

Nadex Review – Binary Options Forex conditions
Nadex Review – Binary Options Forex conditions

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 ConditionsYes/No
Hedging AllowedNo
Scalping AllowedNo
Change Leverage AllowedYes

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.


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 MethodFunding TimeFee
Credit CardInstantFree
Wire TransferFew business daysFree
NADEX Review – Deposit and withdrawal
NADEX Review – Deposit and withdrawal

Minimum Deposit

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


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 MethodWithdrawal TimeFee
Credit Card1-2 business days0$
Wire Transfer1-2 business days25$


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

NADEX Review – Bonus
NADEX Review – Bonus

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.


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


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

NADEX Review – Trading platform – Order Execution
NADEX Review – Trading platform – Order Execution

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.  


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

NADEX Research tools available through:

  • NADEX platform
  • NADEX website – Learning
NADEX Review – Research
NADEX Review – Research – Blog


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.

NADEX Review – Education
NADEX Review – Education

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 Review – Customer Service
NADEX Review – Customer Service

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

Question AskedWe asked about Trading conditions.
Time of ReplyWe got response within 1 day.
Quality of ReplyThe answer was relevant and informative.


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.  

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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1 Comment

  1. As we always recommend trading with the regulated brokers only, Nadex operations are also strictly overseen and comply with the international safety measures while the client is protected by numerous obligations.

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