Nadex Review

Nadex provides an intuitive web-based platform and a progressive mobile web app. It is fitted with easy-to-understand visualizations, including the standard customizable candlestick chart. You can adjust the time interval, choose a date range, and add indicators and your own drawings. Its list of indicators includes moving averages (MA), relative strength index (RSI), and Stochastics, among many others.

Aside from a binary options trading platform, it also offers two other innovative financial instruments: knock-outs and call spreads. These financial instruments are simplified by Nadex to make them better suited to individual traders. Nadex allows users to participate in top global markets through a singular account. These include popular stock indices like Wall Street 30 and FTSE 100; forex pairs like EUR/USD and USD/JPY; commodities like Metal and Energy; and even economic events like GDP and unemployment rate. Short-term trades are available 23 hours a day, five days a week.

On top of that, the platform offers its users ‘defined risks’ for their trades. Meaning, users get to know their maximum profit and loss upfront even before they put a trade in place. In this way, users do not lose more than the initial cost that they put up. Also, the platform provides users with more controls over their trades like managing and closing positions early to lock in profits or limit losses.

In addition to its web-based platform, Nadex is also available through its progressive web mobile app NadexGO.

Nadex has many unique features available to its members. These include:

• CFTC Regulation. Nadex is regulated by the Commodity Futures Trading Commission (CFTC). Due to its status as a regulated entity, Nadex is obligated to adhere to specific requirements by the CFTC, thus ensuring that only safe and acceptable trading practices are exercised. There are safeguards in place that protect against any form of manipulation or fraud. Member funds are kept in segregated accounts in United States banks. Moreover, unlike other binary options providers, the exchange does not take the opposite side of client trades.
• Defined Risk. In all Nadex products, your maximum loss will not exceed your initial investment in the trade plus fees. Moreover, with every trade, the system will automatically let you know of the maximum possible profit and loss of the contract.
• No Pattern Day Trader. Trade as often as you like, 23 hours a day for five days between Sunday to Friday.
• Knock-Out Contracts. Also known as  Touch Bracket™ contracts, this is a financial instrument with built-in risk management tools. This is exclusive to Nadex with the exchange listing four unique contracts for underlying markets. These are the forex major pairs and the four major stock indices in the US. A trader simply needs to predict whether the market will move upwards or downwards. A knock-out contract has a floor and ceiling feature that protects traders against lock-in profits and big losses. As soon as one of these is reached by the indicative price, the contract automatically expires. Moreover, all knock-out trades options will indicate the maximum possible profit and loss upfront. Knock-out contracts expire at the end of the week.
• Call Spreads. Also called Nadex Call Spreads, these financial instruments provide users with the chance to speculate on markets without taking ownership of the underlying assets. They are also unique to Nadex. Just like knock-outs, they have a built-in floor and ceiling; and traders will also know the maximum profit and loss upfront. Call Spreads, unlike Knock-Outs, do not expire until the predefined time. So, you can have more time to wait for the market to prove your position right. However, if you want to lock in your profit, you can close the trade early. Contract duration can range from two hours to a week.

Pros

• Free membership
• You can never lose more than your initial investment plus fees.
• Simplified financial instruments that can suit individual trading styles and preferences.
• No minimum balance after the initial deposit (for Direct Trading Members)
• CFTC regulated, Nadex does not take a position against its traders.
• Only $1 trading and settlement (in-the-money) fee per contract, no out-of-the-money settlement fee.
• Demo account with $10,000 virtual money
• Access top global markets: forex, stock indices, commodities, economic events (e.g. GDP and unemployment rate).
• Built-in risk management for knock-outs and call spreads (floor/stop-loss and ceiling/take-profit)
• Trades are flexible. You can close out a trade to lock in profits or cut losses.
• Dynamic bonuses are awarded from time to time for topping-up or referral

Cons

• Inactivity fee of $10 per month after no activity for 12 consecutive months
• Dormant account with $0 balance may be terminated
• High wire withdrawal and returned deposit fees – $25

Platform type: Nadex

Platform Languages: English

OS Compatibility: Mac OS, iOS, Windows, Linux, Android

Streaming News Feed: No

Email Alerts: Yes

Mobile Alerts: Yes

Located in: Chicago, IL

Website: https://financesonline.com/see/nadex/

Founded in: 2009

Accepts US Clients: Yes

Phone number: +1 877-776-2339

Email: customerservice@nadex.com

Commission:

Minimum Deposit: $0

Payouts Percentage:

Deposit Options: Debit Card, Bank Wire Transfer

Withdrawal Options: Debit Card, Bank Wire Transfer

Payout Ratios: Payouts can reach more than 100% of the initial investment, minus fees. Losses can never exceed the cost of your trade plus fees.

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

Customer Support Languages: English

Customer Service Hours: Customer support specialists are available from Sunday 3:00 p.m to Friday 4:30 p.m. ET.

Place Trades Over the Phone?: No

Nadex offers the following trade types:

• Binary Options
• Knock-Outs (Touch Bracket™)
• Nadex Call Spreads

Nadex Members may maintain a Direct Trading Member Account.  The Exchange does not charge a membership fee for a Direct Trading Member Account.

Direct Trading Members – No minimum initial deposit and no minimum balance required afterwards

• Binary Option Contracts
  • Entry or exit before expiration – $1 trading fee per contract
  • Trade expiration (in-the-money) – $1 settlement fee per contract
  • Trade expiration (out-of-the-money) – No settlement fee
• Call Spread and Knock-Out Contracts
  • Entry or exit before expiration – $1 trading fee per contract
  • Trade expiration – $1 settlement fee per contract**

**The platform does not charge a settlement fee that exceeds your total settlement payout for a position that you held up to expiration. For instance, if your position settles in-the-money at expiration and your settlement payout is only $0.50, Nadex will only charge you $0.50 instead of $1.00.

• Transaction Information
  • Returned Deposit/Chargeback – $25
  • Wire Withdrawal – $25
  • ACH Withdrawal – Free
  • Account Setup – Free
  • Deposits – Free
  • Debit Card Withdrawal – Free
  • Dormant Accounts (no activity for 12 consecutive months): $10.00 per month
    • No account will become negative
    • A dormant account with a $0 balance may be terminated