Nadex
Abstract：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 Review Summary | |
| Founded | 2007-03-09 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Indices, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Nadex (Mac, Windows, and Linux), NadexGO™ (Mobile) |
| Min Deposit | / |
| Customer Support | Email: 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.
Pros and Cons
| Pros | Cons |
| Demo account available | Unregulated |
| Multiple trading instruments | Single 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.
What Can I Trade on Nadex?
| Tradable Instruments | Supported |
| Forex | EUR/USD, GBP/USD, USD/JPY, etc. |
| Commodities | Crude oil, natural gas, gold, silver, etc. |
| Indices | US 500, FTSE 100, US Tech 100, etc. |
| Cryptocurrencies | Bitcoin and Ethereum derivative contracts |
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 Type | Opening/Early Closing Fee | Expiration Settlement Fee |
| Binary Options | $0.10 per contract | In-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 Method | Fee | Availability Time |
| Debit Card | Free | Immediate |
| ACH Transfer (US Residents) | Free | 1-5 business days |
| Wire Transfer | May charge a fee | Processed within 24 hours |
| Paper Check (US Residents) | Free | 5 business days (mailing time) |
Withdrawal
| Withdrawal Method | Fee | Processing Time |
| ACH Transfer | Free | 3-5 business days |
| Wire Transfer | $25 | Processed on the same day if requested before the working day cutoff time |
| Debit Card | Single transaction limit: $10,000Daily limit: $50,000Only the deposit amount can be withdrawn (profit cannot be withdrawn via debit card) | |
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