Nadex Review 2022

Post author:Forex Crypto Hub
Post category:Forex Brokers

Nadex Reviews and Ratings:

User Rating

[Total Votes: 23 Average Client Rating: 3.2]

Score: 8.9/10

Website	https://www.nadex.com/
Live Chat	Yes
Telephone	1 877 776 2339
Broker Type	Derivatives Exchange, not a broker*
Regulations	CFTC
Min Deposit	$0
Account Base Currency	USD
Max Leverage	n/a
Trading Platforms	Web based, NadexGo mobile app,
Markets	Binary options- Stock Indices, Forex, Commodities
Bonus Offered	None
Funding Options	Debit card, ACH, Bank wire, Check
US Clients?	YES

Nadex Review

Nadex Overview:

It is a Binary options exchange with a unique trading platform for retail forex trading (see our link on how Binary Options work). It is important to point out that Nadex is NOT a Forex broker, Nadex is an actual Exchange. Trading costs are low and transparent. Traders are comfortable trading on a US Regulated Exchange, commission free trading with defined and or capped risk, though Nadex doesn’t offer bonuses.

Nadex Account Types:

Nadex offers separate individual accounts for US residents and international traders. Also offered are business accounts for trusts, LLCs, partnerships, and corporation accounts. Separate demo accounts with virtual currency and unlimited use are available for beginners to practice trading with virtual funds before trading with real funds. Funds are held in segregated US bank accounts Fifth Third Bank and BMO Harris Bank.

Traders pay $1 to open each contract and $1 trade closing fee. The fees at expiration only apply when “in the money”. Expired trades “out of the money” have no trade fee.

Features Of Nadex:

The Nadex desktop Trader platform, its mobile version and demo version are the only platforms offered at Nadex, both platforms are free. Both platforms are intuitive, with trading charts and Buy and Sell buttons for easy transition from analysis to trading. Both Platforms work seamlessly with one another so you can enter a trade on one device and track and manage it on another.

Another feature with Nadex is Touch Brackets. A Nadex Touch Bracket is a contract which allows traders to speculate on a market’s price movement within a pre-defined range. For More info on this check out this video. Video

With The Real Time Account Funding feature, On your first deposit , via ACH or check deposit you can be granted up to $500 in Real-Time Account Funding (RTAF), allowing you to trade right away while your deposit clears. Accounts in good standing can receive up to $1000 in RTAF for subsequent deposits.

Education:

Beginner and advanced traders can enjoy webinars, e-books, educational courses and other learning resources on the Nadex website, and keep track of market news and analysis from a team of in-house and guest experts.