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Nadex Broker Review

Nadex

  • Bonus, regulation, customer service support, free deposit and withdrawal on cards
$500
Visit Now

Details

Broker Nadex
Website URL https://nadex.com
Founded 2004
Headquarters North American Derivatives
Minimum 1st Deposit $250
Minimum Trade Amount $1
Bonus $500
Payout 95%
Leverage 1:40
Spread GBPUSD Spread: 0.25 pips Var, EURUSD Spread: 0.02 pips Var
Free Demo Account Open Demo
Regulated Yes
Regulation (CFTC)
Fees Yes
Fee Info $1 to $50
Commissions Yes
Commission Info $1 to $50
Number of Assets 29
Expiry Times From 60seconds
Types of Assets Stocks, Commodities, Indices, Forex, Cryptocurrency
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7

Pros

  • Bonus $500, regulated, 24/7 customer support

Cons

  • Commission is high, no livechat, high minimum deposit

Nadex broker review: is nadex binary legit or scam? Find out today from nadex review. 

A lot of new comers in the FX industry have asked the question “Is Nadex a Scam?”. Well, if you really study this product carefully and base your evaluation on hard facts then the answer is a resounding NO!. Nadex binary is very well established and is certainly one of the best products on the market. It is also one of the most popular as well. This is why you will see so many Nadex Global commercials online and hear from so many successful traders. The Nadex broker has been around for over 10 years and has thousands of members worldwide. They are great for their expertise and the money back guarantee that they offer.

About nadex binary broker

 

Nadex

Nadex was developed by a team of professional traders that have years of experience in the world of binary options. However, they developed this trading platform to give all traders the power and functionality that they need.

The Nadex platform is ideal for investors who are new to trading stocks and stock indices. But are familiar with binary options. It is also ideal for traders looking to diversify their investment portfolios and looking for a simple and reliable platform that they can use in their daily investment management.

Before we go any further with our nadex review; I want to make sure you know exactly what a Forex trading platform is. This is a kind of trading platform which allows you to enter the world of trading in the FX markets using a web-based interface. The interface is extremely easy to understand and should not be complicated to use. Even for a beginner in the markets, you can still understand it. You can open an account and make deposits immediately, without having to wait for weeks or months through a traditional broker. When I say deposit I mean actual funds from your account. Not any kind of “virtual” or “instant” funds which other brokers advertise on commercials for FX trading platforms.

What can i trade at nadex?

You have a wide variety of trading options when you trade with nadex including: spreads, short-term and long-term bets. They manage every trade in the markets through a unique set of algorithms. These algorithms control the behavior of the pairs of currency you are trading. There is a huge difference between long term and short term spreads, short-term spreads and touch spreads. The longer the period of time you trade, the less spreads you will experience but if you trade for a longer period of time, the higher your profits will be

Advantage Of Trading With Nadex

When trading with nadex you will find that the majority of its customers are active traders who trade on multiple currencies and/or multiple markets. To be honest, this is by far the most common reason for trading with nadex as it is by far the most profitable. Trading with nadex is extremely straight forward, since the vast majority of its interfaces are simple to use and understand. All you really need to do is enter some data into the systems’ databases and it will spit back an indicator that tells you whether to open a short-term, long-term or touch trade. It also has a large number of customizable indicators, which all work together to give you a very reliable and effective overall view of the markets.

Another reason why so many people are switching over to trading with nadex is that it does not require any sort of deposit or upfront deposits. You can actually start with its trading platform without having to even have an account in the first place!. Just open demo to try it as little as $1. This is due to nadex’s policy of paying out commissions only to those who maintain their accounts with the company, and the fact that it has no minimum deposit or other requirements.

Other Features Of Nadex

You should also note that nadex offers a huge variety of options as well as a multitude of analytical indicators. It is therefore possible to find something that suits your particular style and needs, and make profit with nadex by trading in various popular areas. These areas include the forex, CFD, commodities and indices. The reason for this is that nadex is an exceptionally versatile exchange and can be used for just about anything. Many of its competitors have very limited the scope for trading that they offer. However, they can be limiting to specific markets, whereas nadex can be used in a broad spectrum of situations.

See our top binary options brokers list, See our guide on how to trade binary options

Nadex Platform

The Nadex binary platform is the first of its kind to offer this flexible yet powerful trading option. Along with a demonstration trading environment traders are happy. This demo platform offers a platform that is designed to be easy to use for any new trader to become accustomed to.

More-so they can as well improve confidence in its operation when it come for real money transactions. The platform uses a very simple yet effective and reliable trading platform. This allows users to execute both long and short positions.

The trading platform can be customized to meet all your needs as a trader. There by providing you with one-click trades, instant stop orders, and account management and security features. This demo platform was built on the solid Nadex 5 minute binary trading strategy that is used to signal the market and has proven successful thus far.

The platform is created to offer traders everything they need to start trading binary options with a minimal amount of risk and is built using industry leading technology. It offers a number of features such as: automatic market orders, premium quality software, spreads, and a custom trading system that allow traders to set both long and short positions, as well as enter and exit trades instantly. In addition, the platform helps to create maximum volatility and carry small spreads. The platform also includes a practice mode, and a money management system that helps to ensure maximum profit potential with minimum risk.

Deposit And Withdrawal

In the process of our nadex review, we noticed that the platform offer low minimum deposit or zero to start. However you can make deposit via debit/credit card, neteller,  skrill,  bank wire etc.
Debit card deposit and withdrawal is free and account set upis free. However, wire withdrawal cost $25 and ccount setup is free. Returned deposit/Chargeback cost $25 and ACH withdrawal is free.

Pricing

Binary option contracts

For trade expiration (in-the-money) will co cost $1 settlement fee per contract.
Entry or exit before expiration will cost $1 trading fee per contract.
Trade expiration (out-of-the-money) will cost no settlement fee.

Call spread and knock-out contracts

For entry or exit before expiration will cost $1 trading fee per contract.
Trade expiration $1 settlement fee per contract.

Customer support

Nadex binary broker offer 24/7 customer support and fast response to every technical issues. This makes them stand out among equals in binary options. However this customer support come live chat, email, and phone calls.
Therefore, traders can easily get solutions to their problems while trading. In addition, you can use their knowledge base to solve some of the problems you can face.

Is Nadex Regulated?

Nadex broker is highly regulated by major regulatory agencies. This put them first when it comes to trust and security. The broker is a member of ASIC, and others. This should be your major concern when choosing a trading platform. If a broker is not regulated, it can be risky. More-so if a broker is not licensed, it can be dangerous as well. Therefore you should be mindful of any broker and it’s regulatory compliance. Of course, nadex is not to feared as it qualifies a good trading platform.

Nadex Review Conclusion

Finally we will conclude our nadex broker review by telling you to start trading with the broker. This platform is best for beginners, just like iq option platform. However to start trading with nadex binary platform, just complete your registration. Make deposit as low as $250, trade as low as $0.1. But if nadex is not a good choice for you, go fo Raceoption.

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