Many customers are confused when it comes to Nadex derivatives exchange designed for the retail traders, and in our Nadex review we will try to explain basic principles of binary options trading by using their services.
It is important to mention that Nadex is not a classic broker, as are those in other parts of the world — Nadex is an exchange. Nadex platform should be seen as a bridge between two interested sides in binary options trading.
Nadex is one of the only US regulated binary option exchanges. All traders need to do is sign up and choose between various trades, or contracts, as they call them. Signing up is free but it is important to emphasize that there are various fees that apply while trading.
Nadex offers only two account types to choose from, with only one being a real trading account, and other being demo account. Our review showed that after a long time, Nadex started to accept non-US residents as well.
Demo Trading Platform is basically a demo account. Nadex review showed that this is the best way to start binary options trading even for more experienced traders who never traded in the US market before, as Nadex is a bit different than regular brokers. Demo account is completely free and requires only basic information such as name, country, phone number, email, and username.
Trader platform is something that could be considered regular account, as it gives traders fast, reliable and easy access to the trades. The traders are presented with real-time charts that give detailed insight into trades and makes decision-making a lot easier.
Nadex platform is easy to use, although not as well designed as those belonging to European brokers. The entire interface reminds much of MS Windows, but generally speaking, it is user-friendly. One of the most useful features is the welcome note that appears every time a trader logs in. Besides the desktop platform, our Nadex review showed that they offer a mobile platform that is available as an app for iOS and Android smartphones and tablets.
The app enables tracking of the financial market, customizable trading charts, watchlist creating, and fast and easy trading no matter where the trader is. There is no opportunity to trade 60 seconds or One Touch options as the shortest expiry time is 5 minutes. On the other hand, traders have the opportunity of early close in case they realize they made the wrong prediction. Nadex offers Forex trading as well. Adding Spanish as the second language would be a great feature, as they make a large minority in the US, and Italian, German and French would be welcomed as well.
The customer service can be reached by phone or by email during the trading hours 6 pm ET Sunday through 4: Nadex trading platform and customer service are closed on the US holidays.
Our Nadex review clearly shows that they are dedicated to educating their customers, so they offer a number of webinars and handbooks. Some of them are completely free and can be used even by traders signed up with other brokers while some are reserved for registered traders only.
There is also a useful glossary available with all important terms in binary options industry, and educational videos that explain some basic principles of the trading like what are binary options, what are trading possibilities and advice on how to trade. FAQ section offers answers to all common questions about accounts, security, and trading.
NADEX accepts traders from all over the world, but not from all countries. These have to be verified by documents requested by the exchange.
In Nadex review, we found out that Nadex is a part of IG group, a global financial services provider, which guarantees safe and smooth transactions. Nadex offers various methods of depositing and withdrawing. US customers can make a deposit via debit card, bank transfer, wire transfer, and paper check while non-US residents can deposit using a debit card and wire transfer. US residents may withdraw their money by using bank or wire transfer, and offshore residents can use only wire transfer.
In the case when traders use a debit card to make a deposit, there are special terms of withdrawal, as the funds cannot be transferred to the debit card. The trader must send relevant bank statement after sending a withdrawal request and send a 9-digit routing number.
The money will be received via wire transfer. Wire withdrawal requests received before 4pm ET, Monday through Thursday, or before 3: All requests received after the cut-off time will be processed the following business day. Withdrawals are usually processed the same day, but it might take days to see the funds on the account.
This website is independent of binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade binary options. The potential client should not engage in any investment directly or indirectly in financial instruments unless s he knows and fully understands the risks involved for each of the financial instruments promoted in the website.
Potential clients without sufficient knowledge should seek individual advice from an authorized source. Binary options trading entails significant risks and there is a chance that potential clients lose all of their invested money. Important notice for US traders: Not all brokers and offers are regulated in the United States of America.
Every trader is obligated to check the legal status in their respective jurisdiction on their own. Your capital might be at risk. Investment Rating Your capital is at risk. Nadex Exchange Review Get help to start trading. North American Derivatives Exchange, Inc.
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