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|
|#||Accepts US traders||✔|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||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, Cryptocurrency.
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.
As a market maker, Nadex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
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/Debit Cards, Bank 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:
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.
Nadex offers customer support by phone or email for just two hours per day, six days per week. Accounts are mostly self-service.
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.
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 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.