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Nadex -

Score

1.56 /10
Danger

Nadex

United States

5-10 years

Suspicious Regulatory License

Regional Brokers

High potential risk

https://www.nadex.com

Influence

B

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.35

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

ID BAPPEBTI
2023-04-20
Blocking 218 Website Domains, CoFTRA Reminds Investment Risks in Illegal Entities
Nadex
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FXPRIMUS
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InstaForex
HSB Forex Trade
FXVIEW
Fidelcrest
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EVEREST
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ForexVox

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
Nadex
Xtreme Markets
Oxtrade
NordFX EU
AccuIndex
PO TRADE
Binarycent
VOBLAST
FXPRIMUS
Deriv
InstaForex
HSB Forex Trade
FXVIEW
Fidelcrest
LegacyFX
FBS
MarketsVox
EVEREST
TriumphFX
Exclusive Markets
ForexVox

Broker Information

More

Company Name

North American Derivatives Exchange

Company Abbreviation

Nadex

Platform registered country and region

United States

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2025-06-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Nadex cheats methodically

I was invited to this Nadex floor on March 8. Initially, they lured me to deposit 300k, the first withdrawal was 380k, then they put me in the group, there were 114 people. Then issue trading orders twice a day at 13:00 and 19:30. Each transaction gets 270k. To request a second withdrawal, the amount must be 3.8 million to withdraw a second time. After that, members continuously invested in higher packages, and all successfully withdrew a large amount of money according to the investment amount. and stated profits. They cheated very well by posting videos of participating members receiving huge amounts of money, being very emotional and crying, and making other people believe, including themselves. Then the person claiming to be a teacher texted me asking about the investment package and the company's support. I deposited 5 million in capital and was able to trade with 30 million in capital. Successful 20p order transaction with a profit of 360 million, with a requirement to pay 15 million of the amount supported by the company before being able to withdraw money. and told me to contact customer service to withdraw money. And in the end, whatever happened happened, I was cheated of 23 million. For many reasons, the last reason is asking me to pay taxes in the amount of 15 million 124 thousand. I said I didn't have any more money, they told me to report to CTY and cancel my withdrawal transaction. Please help me get my 23 million back. Borrowing money is very miserable

Hanhvu
2024-03-14 17:45
Unable to Withdraw

NADEX VIRTUAL EXCHANGE, FRAUD OF ASSETS

On March 8, I received an invitation to join Nadex with a capital of 300k. They lured the chickens by backing 5 orders up to 750k and guaranteed to withdraw 400k (receiving 384k for the reason of losing 4% floor fee). After that, I was able to join the group, following orders at 2 time frames: 13:00 and 19:30. Every day +540k profit. After 3 days my profit is 1740k. They lure by offering investment packages with huge profits, the group members' nicknames are fake, a few people pretend to invest and take fake bills, then 2 hours later they report success and receive recognition. For large amounts of money, there is also a receipt transaction bill. People in the group pretended to congratulate me in this and that way. After that, I completely believed it for the reason that there was a woman in the group. I proactively sent messages to ask questions and provide evidence to prove that she was raising chickens. She also expressed doubts, then finally told me that She doesn't trust her anymore, if she doesn't believe in her then she won't believe in her, and I believe it when she joins the 100 million package and gets a huge profit of 2 billion. She went out and recorded a video crying and thanking everyone. Even more extreme is that they pushed me out of the group with the excuse of supporting other members in the investment package. They lured me by suggesting that the company supported investment capital, I only had to deposit 5 million, the number The remaining company supported, and 1 member of the group won 12 billion, leaving 200 million for members who want to join the investment package. And I trusted you to deposit 5 million. And can trade with an investment package of 30 million. After 15 minutes of placing the order, the amount increased to 150 million, they asked me to stop to read the notice and 2 minutes later they informed me that the company required that after the transaction was completed, I had to return 15 million to the supporting company before I could withdraw my profit. I bet 15 million more. Then ended the transaction with the amount of 364 million. They told me to contact customer service to withdraw money. Since then I've had trouble with all the extra fees. They told me I exceeded the profit amount of 360 million and forced me to pay 3,039,991 before I could withdraw the money. I continue to close. Then they told me that the quick disbursement fee would cost 8% of the total profit, so I told them to wait. The next day he told me to pay personal income tax 15,124 million. I stopped paying, and then someone called to ask me to support half of it, and I lost another 5.5 million. Total loss 28.5 million.

Hanhvu
2024-03-16 09:00
Data Source WikiFX Data provide
Updated: 2025-06-01
Nadex · Company summary
Nadex Review Summary
Founded2007-03-09
Registered Country/RegionUnited States
RegulationUnregulated
Market InstrumentsForex, Commodities, Indices, and Cryptocurrencies
Demo Account✅
Leverage/
Spread/
Trading PlatformNadex (Mac, Windows, and Linux), NadexGO™ (Mobile)
Min Deposit/
Customer SupportEmail: customerservice@nadex.com
LinkedIn, Twitter, Facebook, Instagram, YouTube
North American Derivatives Exchange, Inc. 200 West Jackson Blvd, Suite 1400 Chicago, IL 60606

Nadex Information

Nadex is a North American derivatives exchange that offers short-term options trading. It provides three types of products: binary options, Knock-outs (knock-out options), and Call Spreads (call spread options), covering forex, stock indices, commodities, and cryptocurrency derivative markets. The platform supports desktop and mobile (NadexGO™) access, and also offers free demo accounts and educational resources.

Nadex

Pros and Cons

Pros Cons
Demo account availableUnregulated
Multiple trading instrumentsSingle product line
Withdrawal restrictions
Unprovided leverage and spread

Is Nadex Legit?

Nadex claims to be a legitimate exchange regulated by the CFTC (Commodity Futures Trading Commission), and states that member funds are held in segregated accounts at major U.S. banks. However, it fails to provide specific qualification certificates, and its regulatory status is questionable.

regulated
regulated

What Can I Trade on Nadex?

Tradable Instruments Supported
ForexEUR/USD, GBP/USD, USD/JPY, etc.
CommoditiesCrude oil, natural gas, gold, silver, etc.
IndicesUS 500, FTSE 100, US Tech 100, etc.
CryptocurrenciesBitcoin and Ethereum derivative contracts
Forex

Account Type

Nadex offers Live Accounts, but identity verification is required. It supports real fund trading and provides leverage and fixed-risk contracts.

New users can first register for a free Demo Account, which includes $10,000 in virtual funds for risk-free practice of trading strategies.

Nadex Fees

Product TypeOpening/Early Closing FeeExpiration Settlement Fee
Binary Options$0.10 per contractIn-the-money: $0.10 per contractOut-of-the-money: No fee
Knock-outs/Call Spreads$0.10 per contract$0.10 per contract (regardless of profit or loss)

Trading Platform

The Nadex platform supports both desktop and mobile (NadexGO™). Specifically, it is compatible with devices running Mac, Windows, and Linux systems, as well as mobile phones via the desktop feature.

Deposit and Withdrawal

Deposit

Deposit MethodFeeAvailability Time
Debit CardFreeImmediate
ACH Transfer (US Residents)Free1-5 business days
Wire TransferMay charge a feeProcessed within 24 hours
Paper Check (US Residents)Free5 business days (mailing time)

Withdrawal

Withdrawal MethodFeeProcessing Time
ACH TransferFree3-5 business days
Wire Transfer$25Processed on the same day if requested before the working day cutoff time
Debit CardSingle transaction limit: $10,000Daily limit: $50,000Only the deposit amount can be withdrawn (profit cannot be withdrawn via debit card)

News

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User comment

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Comments

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Wymans
more than one year
When I opened my account, I found that Nadex offered only two types of accounts. Nadex offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance. Nadex offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance.
When I opened my account, I found that Nadex offered only two types of accounts. Nadex offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance. Nadex offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance.
Translate to English
2024-07-04 10:10
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John Hùng
more than one year
Nadex là một hệ sinh thái giao dịch linh hoạt, nạp rút hỗ trợ từ CSKH khá nhanh chóng, minh bạch. Có thể giao dịch 24/24 không giới hạn cuối tuần & ngày lễ. Tuy có 1 lần gặp trục trặc vấn đề về việc nạp vốn nhưng đã được CSKH hỗ trợ khắc phục. So với các sàn giao dịch quốc tế khác, Nadex mang đến cho tôi 1 trải nghiệm cực kì thú vị về lợi nhuận cũng như tính minh bạch của sàn
Nadex là một hệ sinh thái giao dịch linh hoạt, nạp rút hỗ trợ từ CSKH khá nhanh chóng, minh bạch. Có thể giao dịch 24/24 không giới hạn cuối tuần & ngày lễ. Tuy có 1 lần gặp trục trặc vấn đề về việc nạp vốn nhưng đã được CSKH hỗ trợ khắc phục. So với các sàn giao dịch quốc tế khác, Nadex mang đến cho tôi 1 trải nghiệm cực kì thú vị về lợi nhuận cũng như tính minh bạch của sàn
Translate to English
2024-02-01 16:20
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