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  • Regulation : CFTC
  • Country : United States
* Ranked #20 of 97 in DailyForex's top broker list


Website :
Established : 2009
Country : United States


  • Regulated by CFTC
  • Well Designed Website
  • Demo Account


  • Only One Standard Trading Account

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 2,400 binary option contracts daily on some of the most popular financial markets including Forex, stock indices and commodities.

Nadex Available Stock Indices
Nadex Available Stock Indices

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 Contract Specs for Events
Nadex Contract Specs for Events

The broker operates a competitive capped fee structure, such that the trading fee for each lot traded is $` with a maximum charge of $50 per order. Settlement fees of $1 do apply when a position is held until expiration, with no cap. 

Touch Brackets!

Touch Brackets 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 Brackets 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.

Trade Bitcoin

Traders interested in trading cryptocurrencies such as Bitcoin will be excited to learn that they can trade Bitcoin with limited downside risk, which is a very rare and exciting opportunity, using a contract called Bitcoin Spreads. One of the major dangers in trading highly volatile cryptocurrencies is that you never know whether a stop loss order will suffer from extreme slippage, causing a catastrophic loss, and this danger is present whether you trade spot prices through a broker or buy and sell the actual currency on a typical exchange. The only way to avoid the potentially unlimited downside is to trade an option or a similar instrument. With Bitcoin Spreads, Nadex let you trade the price of Bitcoin (based on the trusted TeraBit IndexSM) within a range, between a floor and ceiling price. As the price of bitcoins varies up and down, the Bitcoin Spread's value moves as well, but within limits. If the underlying price of Bitcoin moves up above the ceiling or below the floor, the value of the spread stops moving and remains at its upper or lower limit (depending on whether you are a buyer or seller). In this way, your risk is always limited and remains within a range you define. One limit is your profit target. The other is your guaranteed protection against unlimited losses. Bitcoin Spreads are available in one-week contract durations.

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 6pm ET Sunday through 4.15pm 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 $5000 or more, traders receive a credit for the wire transfer fee.

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 3:15PM 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.


  • Regulated by CFTC
  • Well Designed Website
  • Demo Account


  • Only One Standard Trading Account

Review info: Nadex
Review Date:
Rating : 5
Reviewed By :