Nadex versus

Nadex is a US-based options exchange founded in 2004, part of Singapore-based since 2022 following its acquisitions from IG Markets. is primarily a Forex broker established in 2001 and part of US-based publicly listed StoneX. Nadex offers traders its proprietary trading platform, also available as a mobile app. It established itself as the dominant options, call spreads and knock-outs broker in the US. is the largest MT4 broker based on active servers as of April 2019. It presents traders with its high-quality proprietary trading platform alongside MT4/MT5, charting and community services by TradingView, and SMART Signals. Active traders will benefit from a competitive pricing environment.

I have conducted an in-depth review of Nadex and 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) (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 appCutting-edge trading platforms
Unique Feature Two:
Fixed trading costsLow trading costs
Broker Offers:


Nadex remains a primary choice for options, catering well to beginners with a preference for mobile trading. supports algorithmic trading and is better suited to spot Forex traders.

Available Markets

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

The asset selection at both brokers remains limited, but Nadex offers beginner traders and those with a focused strategy requiring few assets a straightforward and competitive trading environment. offers a broad-based choice of currency pairs for US-based traders, gold, silver, and a handful of futures contracts. Neither broker offers in-depth diversification opportunities.

Typical Spreads and Fees

Typical Spreads &
Minimum Raw Spreads:
Not applicable0.2 pips
Minimum Standard Spreads:
Undisclosed0.6 pips
Minimum Commission for Forex:
$1 per contract$5.00 per round lot
Commission for Equities:
Not applicableNot applicablee
Commission Rebates:
Execution Type:
Market MakerMarket Maker / STP

Nadex does not list spreads but minimum tick values, which commence at $0.25 per spot Forex contract, $1.00 for knock-out options, and $1.00 for call spread contracts, plus $1.00 per contract. features a competitively priced commission-based cost structure with a volume-based rebate program for high-frequency traders.

Security and Trust


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

Country of the RegulatorName of the RegulatorLicense Number
Commodity Futures Trading Commission & National Futures AssociationNFA Number 0339826

Nadex and segregate all client deposits from corporate funds, and also offers negative balance protection. Nadex has a clean NFA regulatory record, but shows 28 CFTC reparation cases, six NFA arbitration decisions, and three NFA actions. The corporate ownership of both brokers reflects a similar pattern., the owner of Nadex, maintains a clean operational history, while StoneX, owner of, has a history of malpractice and fines, despite being a publicly listed company.

Nadex vs – 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

80+ currency pairs and overall quality asset selection Limited funding options
High-quality proprietary web-based and desktop trading platform plus MT4/MT528 CFTC reparation cases, six NFA arbitration decisions, and three NFA actions
Competitive trading costs for active tradersStoneX ownership casts a shadow
Research, education, and quality trading tools

Nadex offers US binary options traders an industry-leading product with few assets but dozens of contract expirations per instrument. It also maintains a low pricing environment and remains slightly ahead of for its niche offering. is a competitive Forex broker that fully supports algorithmic trading and features quality trading tools.

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Read full Nadex Review


Is Nadex better than

It depends on individual requirements and preferences. Nadex caters well to options traders, while features a highly competitive Forex trading environment. Both brokers serve their core market extraordinarily well.

Does Nadex do Forex trading?

Nadex offers options, knock-out options, and call spread contracts on Forex.

Is trading with Nadex worth it?

Nadex offers the infrastructure and tools, but the outcome depends on traders and their strategies.

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