Nadex Review
- Fully regulated by the CFTC
- Demo account available
- Huge educational center on binary options trading
- No broker commissions
- Mobile apps
- Economic event trading
- Can sell earlier than expiry if there is a buyer
- Fee free trading for certain deposit amounts
- Fast withdrawal procedures
- Smaller asset list than many brokers
- No bonuses
- Deposits can only be made by bank transfer
- Trading platform can be confusing
NADEX stands for North American Derivatives Exchange and is based in Chicago, Illinois. Nadex is essentially an exchange broker. What I mean is, NADEX does not play “the house” but is a location where investors trade against each other. NADEX gets a commission on each trade made.
NADEX was started in 2004 and is a subsidiary of the London based IG Group.
NADEX is the safest binary options trading zone for United States investors. Being fully regulated, U.S. investors are warned to stay clear of other off shore brokerages and do their trading through NADEX.
Let’s look at NADEX closer.
NADEX Trading Platforms
The NADEX trading platform is a proprietary platform and quite professional. But it is quite different, as is the trading system from other brokers.
With the NADEX trading platform, you can customize it with various charts, graphs and option types to match your trading style.
What is great is the fact that NADEX offers you a demo account so you can get familiar with the trading platform.
Plus, NADEX has a mobile app, iOS app, Android app and Apple app so you can trade on NADEX wherever you are with your tablet or smartphone.
NADEX Trading Markets
NADEX offers a wide range of markets and assets investors can trade in.
Indices
You can trade on:
- Wall Street 30 majors
- S&P 500
- U.S. Tech 100
- U.S. Small Cap 2000
- China 50 majors
- FTSE 100
- Germany 30 majors
- and Japan 225
You have the ability to trade options or spreads on some of the most popular currency pairs.
Commodities
Being fully regulated, you can trade in nearly any commodity:
- Metals
- Agricultural
- and Energy
Economic Events
One of the most unique trading assets is economic events. Trade on jobless rates, non farm payroll, fed fund rate and more.
You can trade on nearly anything through NADEX.
NADEX Customer Support
While many brokers have live chat, NADEX doesn’t. But they are customer service oriented. NADEX has toll free and international phone numbers and email for both members and non-members.
If you have any questions or concerns, NADEX customer service will help get them answered.
NADEX Security & Fairness
NADEX is probably one of the safest and most secure trading systems available.
You will have to supply documentation to ensure you are not laundering money.
NADEX is licensed and fully regulated by the Commodity Futures Trading Commission (CFTC). Plus Nadex holds all member funds in segregated accounts in top-tier US banks (Fifth Third Bank, BMO Harris Bank) and Nadex gets its income solely from exchange fees, not from taking positions in the market.
NADEX is the safest and most secure trading house for U.S. citizens.
NADEX Summary
While the system can be difficult to learn if you are used to other trading platforms, once you understand the NADEX system, you will be quite happy with it.
In all actuality, it is the only legal binary options trading place legal for United States residents.
NADEX does accept traders from all over the world.
I recommend that you do take advantage of the free demo account to get adapted to the trading platform before risking your own money.
Overall, NADEX is a wise choice in a binary options exchange house.
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