Nadex Review 2019 | Is Nadex a Scam or Legit Forex Broker?

Read our Nadex review to find out if Nadex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Nadex
Nadex Overview

Nadex, the North American Derivatives Exchange, is a platform and exchange for short-term traders looking to make a profit in the investment markets. Through a Nadex account, you can trade binary options, touch brackets, and call spreads.

# Broker's Features NADEX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Nadex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Nadex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Crypto.

Tradable Products: Nadex offers three types of options trades based on popular underlying assets including stock indices, forex, and commodities. Binary options, touch brackets, and call spreads are the only types of trades available at Nadex.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Nadex is Market Maker.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Nadex recommended minimum capital is $250.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Nadex is regulated by CFTC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Nadex is regulated in the United States by the Commodity Futures Trading Commission. While this company runs a transparent operation, the binary options industry is generally viewed unfavorably by the wider investment community.

Languages Available: Next lets have a look at each broker's different Language options. Nadex offers English.

Payment methods: Next lets have a look at each broker's payment options. Nadex offers ACH, Credit Card, Wire Transfer different payment methods for each account types.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Nadex makes Proprietary available to clients.

Web & Desktop Trading Platforms: Nadex offers a web-based trading platform that works on any computer with an internet connection. It also offers a mobile version, also web-based but optimized for a mobile screen. A free demo account lets you test it all with no risk and no cost.
Mobile Trading Platforms:

Other

Trader Education
Both new and experienced traders can learn a lot from Nadex resources. Nadex offers courses, articles, videos, webinars, and a demo account to learn more about how this type of trading works.

Support
Nadex offers customer support by phone or email for just two hours per day, six days per week. Accounts are mostly self-service.

Recup
Nadex is an exchange and platform for trading expert options products such as binary options. The platform offers reasonable fees and good resources for new traders to learn the world of binary trading with a wide range of underlying assets.

Final Thoughts
If you want to get started with binary options trading, Nadex is a good platform. It gives all traders an even playing field with its useful web-based trading platform.

Trading Experience
Trading should be mostly limited to experienced and expert traders. However, beginners can learn enough to get started through the combination of educational resources and trying things out on the live demo platform.

People Also Asked

Is Nadex regulated?
Yes, Nadex is regulated by top-tier regulators, CFTC inclusive.
Where is Nadex based?
Nadex is based in N/A
How does Nadex make money?
Nadex charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Nadex account?
With Nadex you can deposit money via the following means; ACH, Credit Card, Wire Transfer.
How do I withdrawal in Nadex account?
Nadex lets you request a withdrawal of funds from your account via the following means; ACH, Credit Card, Wire Transfer.
What is the minimum deposit for Nadex?
Nadex has $250 minimum deposit.
What are the available account base currencies with Nadex?
Nadex trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Nadex?
Nadex has a maximum leverage is 1:N/A for professional traders.
How do I open an account with Nadex?
Opening an account with Nadex is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Nadex use MetaTrader?
Nadex platforms: No, Nadex do not use MetaTrader but it uses the following platforms: Proprietary
What type of broker is Nadex?
Nadex appears to be a Market Maker broker which offers market access to a variety of traders.
Does Nadex accept US clients?
No
Does Nadex offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Nadex: You can trade a wide variety of instruments with Nadex: Currencies, Commodities, Indices, Crypto