Nadex Review


Nadex is a Chicago-based regulated derivatives exchange designed for the retail trader that offers only limited risk products. It is part of the IG Group, a global financial services provider with a market cap of over £2.2bn.

Unlike many other binary options brokers, is available to U.S. citizens as it is based in the States and is a regulated US exchange, designated by the CFTC (Commodity Futures Trading Commission) and is legally permitted to accept US residents as members.

At Nadex, traders have access to trade over 10,000 binary option contracts daily on some of the most popular financial markets including Forex, stock indices and commodities.

A demo account can be opened in less than a minute and traders can test drive-the platform with $25,000 in practice funds.


There is one standard trading account at Nadex and it is available to everyone.  It’s free up until the first trade is placed. Then a minimum initial deposit of at least $250 must be made. No additional deposits are required after that but the account must have enough to cover the maximum potential loss that could be incurred on any open positions.


Nadex offers contracts ranging from 5 minutes to one week giving traders multiple short-term daily trading opportunities and as well as the ability to close their position before expiration to minimize losses or lock in early gains.

It’s easy to find some unique features at Their Binary Option and spread contracts have built-in floor and ceiling levels, which provide the same protection as a stop order without the risk of being stopped out even if the market spikes against the trader. This means that a trader can never lose more that his or her initial collateral because the price of the contract always remains between the floor and the ceiling, and the maximum potential profit or loss is known in advance.

Nadex Exchange Fees

Nadex operates as an exchange where there is a $1  trade execution fee per contract per side for traded contracts. If you offset a trade position prior to expiration, then again there is a $1  trade execution fee per contract per side. For contracts held to expiration, there is a $1 exchange settlement fee per contract for only binary positions finishing in the money.  

Touch Brackets™ contracts

 are a unique type of asset trading that offers specific benefits to traders. The price range is capped at both the bottom and the top, and the value of the contract will move linearly with the movement of the underlying market. If you think the market will rise, you will want to buy. If you think the market will decline, you’ll want to sell the contract. Touch Brackets offer micro lot sizes unique type of trading that offer traders at all skill levels new opportunities. The ability to scale can also be very helpful to traders. The high and low limits work well to help with risk management. There is no slippage and no surprises. Positions with Touch Bracket™ contracts can also be held overnight.

Call Spreads

Nadex has recently renamed it spreads instrument, to now be called Call Spreads. These instruments lets your trade move between two price levels. You can trade your favorite trading sstrategy with absolute risk protection and natural profit targets. The built-in floor and ceiling of the Call Spreads offers superior loss protection than a traditional stop loss. The range also gives you a natural profit target.

Mobile Trading

At the end of 2018 Nadex updated its mobile trading platform. Called NadexGo, the platform works in conjunction with the broker’s desktop platform so that you can enter a trade on one device and manage it on another. NadexG updates automatically, so that you’re always using the latest version. 


When it comes to education, Nadex is well equipped with all the latest instructional tools. Webinars are offered for free to registered account holders and they cover a wide range of important topics including beginner and advanced strategies, trading mentalities and more.

There is also a variety of different videos, many of them animated and all of them easy to understand, that cover the gamut of the material all binary option traders should know.

Nadex Educational Videos
Nadex Educational Videos

Handbooks are also available that are written to help traders understand the fundamentals of binary options, bull spreads, trading strategies and much more.

A full glossary of terms is provided and the FAQs columns are spread out across several different pages to help explain specific concepts and procedures.

News and market commentary are posted on a regular basis often accompanied by appropriate videos.

Nadex Markets News
Nadex Markets News

Customer Support

Traders can contact Nadex customer support with questions about their account by phone or email 24 hours a day from 3 pm ET Sunday through 4:30p.m. ET Friday. There is a U.S. Toll-Free number as well as an international one.  I didn’t see chat offered.


Deposits can be made via debit cards, bank transfers and wire transfers. Personal checks are also accepted. The maximum amount one can deposit using a debit card is $50,000.

For wire transfers of $10,000 or more, traders receive a $20 credit for the wire transfer fee, eligible up to 4 times per month.Nadex offers two different methods for withdrawing funds from an account: ACH or Wire Transfer. Both can be done via the online form found on the website.

Non-Resident account holders may withdraw funds by wire. Withdrawal requests received after 4PM ET, Monday through Thursday, or after 3p.m. ET on Friday will be processed the following business day. A $25 fee is charged for funds for each wire.


Nadex is a great choice for binary option trading for both U.S. residents as well as non-residents. It offers secure regulation and the maximum risk for any trade is fixed and required in advance so traders cannot be called upon for additional funds should a trade go downhill. The website is well organized and there are some refreshing features.

Disclaimer: We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

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One of the best features at is its website. It is filled with colorful and creative images and it is  well laid out and organized. Its educational material is plentiful and caters to clients with all levels of trading experience.  The platform offers a variety of short-term choices and many other opportunities to profit in the world of binary options. All Nadex member accounts are fully segregated, exchange fees start at a $1 per contract and your ROI potential is always transparent. What more could you possibly want?

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General Information

Company Information

  • Broker's Name : Nadex
  • Headquarters : United States
  • Regulation : CFTC

Account Information

  • Type of Broker : Binary Options
  • U.S. Clients Allowed :
  • Minimum Deposit : $250
  • Maximum Leverage : N/A
  • Account 1 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
  • Support Hours : 24/6
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Regulated by CFTC
  • Well Designed Website
  • Demo Account
  • Only One Standard Trading Account
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User Reviews

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1 User Reviews

Good company ?? Reliable account managers/traders

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