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
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Nadex versus IG Markets - Verdict

Features and Platforms

Features & Platforms	Nadex (visit site)	IG Markets (visit site)
Headquarter:	US	UK
Established :	2004	1989
Retail Loss Rate:	Undisclosed	73.00%
Regulation:
Minimum Deposit:	$250	$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	$10 monthly after 12 months	$15 monthly after 12 months
Deposit Fee:	Third-Party	Third-Party
Withdrawal Fee	Yes + Third-Party	Third-Party
Funding Methods:	2	2
MT4:
MT5:
cTrader:
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 app	Broad-based Forex selection
Unique Feature Two:	Fixed trading costs	In-depth educational content
Broker Offers:	See what Nadex offers	See what IG Markets offers

Noteworthy:

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

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

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.