Nadex versus IG Markets

Singaporean-owned, US-based Nadex established itself as the leading binary options broker. Besides binary options, trades get knock-out options and call spread contracts from a proprietary trading platform, which is also available as a mobile app, ideal for millennial and GenZ traders.

IG Markets, the former owner of Nadex, presents US-based clients with a competitive Forex trading environment for US standards, which trail its international offering. Traders get an excellent choice of trading platforms, including MT4, ProRealTime, and the proprietary IG Markets web-based alternative.

Educational content for beginners is available at both brokers, where IG Markets presents higher quality material. IG Markets also provides trading signals and alerts.

I have conducted an in-depth review of Nadex and IG Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsNadex (visit site)IG Markets (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$10 monthly after 12 months$15 monthly after 12 months
Deposit Fee:
Withdrawal Fee
Yes + Third-PartyThird-Party
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
User-friendly mobile appBroad-based Forex selection
Unique Feature Two:
Fixed trading costsIn-depth educational content
Broker Offers:


The absence of algorithmic trading at Nadex is notable, but its options selection caters well to this niche sector. IG Markets remains a leading Forex broker.

Available Markets

Available MarketsNadexIG Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

Neither Nadex nor IG Markets US offers traders a broad-based asset selection. While Nadex only maintains eleven currency pairs with dozens of expiration times, it adds four commodities, eight indices, and fifteen event-based options. Unlike its UK-based parent company, IG Markets US is exclusively a Forex broker offering traders 77 currency pairs.

Typical Spreads and Fees

Typical Spreads & FeesNadexIG Markets
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
Undisclosed0.8 pips
Minimum Commission for Forex:
$1 per contractCommission-free
Commission for Equities:
Not applicableNot applicablee
Commission Rebates:
Execution Type:
Market MakerMarket Maker

Rather than providing spreads, as a binary options broker, Nadex lists minimum tick values. Spot Forex contracts have a minimum tick value of $0.25, knock-out options, and all spread contracts $1.00. Nadex also charges $1.00 per contract. IG Markets has minimum spreads of 0.8 pips or $8.00 per standard lot.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
Commodity Futures Trading Commission & National Futures AssociationNFA Number 0340344

IG Markets

Country of the RegulatorName of the RegulatorLicense Number
Commodity Futures Trading Commission & National Futures AssociationNFA Number 0509630

Nadex and IG Markets maintain an equally safe, secure, and trustworthy trading environment for clients. Both have a clean NFA regulatory track record, and both parent companies remain industry leaders. IG Markets does not accept traders from Arizona and Ohio, and an investor compensation fund is missing at both brokers.

Nadex vs IG Markets – Verdict


User-friendly mobile appLimited deposit and withdrawal options
Educational content for beginner tradersLimited choice of trading instruments
Trustworthy reputation now under the corporate ownership of Crypto.comAlgorithmic trading unavailable
Low trading costs for an options broker

IG Markets

Cutting-edge trading platforms with full support for algorithmic trading Limited funding options
Forex traders get a broad choice of currency pairs
Acceptable trading costs with a volume-based rebate program
Excellent research, education, and trading tools

Nadex remains the leading US binary options broker, catering well to this niche market, but IG Markets is overall a more competitive choice. IG Markets features three cutting-edge trading platforms, supports algorithmic trading, and has a broader but less diversified asset selection. Beginner traders get educational content at both but higher quality at IG Markets, which also publishes excellent research, including trading signals and alerts.

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Read full Nadex Review


Does IG own Nadex?

IG Markets owned Nadex from 2007 until March 2022 before selling it to

Is IG's trading platform any good?

The IG Markets proprietary trading platform is a highly competitive alternative to industry-leader MT4 or ProRealTime, featuring cutting-edge trading tools for manual traders.

Is Nadex a good platform?

Nadex offers options traders the necessary infrastructure to trade but only caters to manual traders. Algorithmic trading is notably missing, and Nadex relies on its mobile app and a millennial and GenZ client base.

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