Approved broker by

  • Bonus: None
  • Options Payout: Varies
  • Rating: 9.3 / 10
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Broker Name: NADEX
Platform: BO, Spread
Founded: 2009
Bonus: None
Return/Refund: Varies
No. Of Assests: 28
Regulated:   CFTC
Demo Account: Yes
Minimum Deposit: 250
US Traders:   Accepted

NADEX Review

by Martin Kay

NADEX (North American Derivatives Exchange) is a CFTC regulated binary options exchange making it the top choice for US traders. The NADEX exchange is run by IG Group, a leading international provider for Forex, BO, and CFD trading. The company headquarters are based in Chicago, Illinois and subject to US law. NADEX Legal information is completely transparent and easily located.


Is NADEX A Scam?

NADEX is a US CFTC regulated company and part of the $2.5 IG Group financial services provider. NADEX is NOT a scam, but the real thing. For further reference, see the CFTC Fraud Advisory announcements on Binary Options.


Strongly Recommended: NADEX is a CFTC(US) Regulated Binary Options Exchange in the Highest standarts. Open an Account Now!.


Editor’s Note – Why NADEX DOESN’T Suck in 50 Words

NADEX is one of few legally operating US CFTC approved binary options exchanges (Cantor is another worth mentioning exchange) that is worth a dam. This means a number of things for US-based traders (and international traders, NADEX accepts accounts from around the world). First and foremost it means CFTC oversight, guaranteed withdrawals and access to all of the top assets you have come to know and love.


Why NADEX Might Suck

You might not like NADEX because it is not the same as the trading you remember from old off-shore binary options brokers. NADEX is not based on spot prices and you are not betting against the house which means market pressures affect your trading and options are listed with fixed strikes.


Should I Open an Account with NADEX?

Although trading with NADEX is much different than European style binary options the idea is the same.
NADEX has two types of trading, binary options and bull spreads. Spreads trade like spot Forex but have training wheels in the form of profit/loss limits but it’s the binary return options that we are here for.

NADEX options are based on the 0-100 model and sold in lots. This means that if a trade closes OTM it is worth nothing if it closes ITM it is worth $100. You make money by buying the lots while they are open and trading within the range of $0 and $100. You can click here for more on how to trade NADEX Binary Options.

The Asset list at NADEX is pretty good, not as large as others I have seen but the good news is that it is growing all the time. There are currently 8 major indices, 10 Forex pairs, 7 commodities and 1 cryptocurrency to choose from. Other options include “Event”, Twenty-Minute and Five Minute binaries. Indices include the major US, European, Japanese and Chinese markets. All the major Forex pairs are represented as well as 7 commodities. Commodities include gold, silver, copper, oil, natural gas, soybeans, and corn. The only cryptocurrency is Bitcoin.

Expiry is where you might get a little confused but don’t worry, it’s not too difficult to understand. Each asset has a list of set expiry which can range from 5 minutes to intra-day, to end of day and end of the week. You can hold your options until expiry and get your expected return, or you can sell it at any time beforehand that you choose. NADEX options are completely tradable, so long as there are willing buyers, which is similar but far more advanced than Early Out or Close Now features you find elsewhere.

New! NADEX on Forum: Info, Strategies and Traders! Join the conversation today or open your first NADEX account!


Strongly Recommended: NADEX is a CFTC(US) Regulated Binary Options Exchange in the Highest standards. Open an Account Now!.


Bitcoin Trading At NADEX

NADEX entered the cryptocurrency market with the addition of Bitcoin Spreads. So far they only have the one asset and expiry but we expect to see them add more as cryptocurrency gains wider acceptance. The spreads are a bit different than the standard binary option but still very easy to trade. The only expiry available is “end of week” but that doesn’t matter, you can sell your position to lock in profits or cut losses at any time you want.

The name “spread” comes from the fact that there is an upper and lower limit to prices, that is the spread. The limits cap gains and losses, binary, but profits are based on the amount of pip movement in the underlying asset.


NADEX Complaints

NADEX gets its share of complaints, which exchange/broker doesn’t. The difference is that complaints here are from traders who aren’t allowed to join, traders who fail to understand the system and traders looking for more services. What you don’t find are complaints about scams, shady withdrawals or fraud. The most common I find is that there aren’t enough assets, a problem that is being worked on as we speak.

The number one complaint is that it’s not as easy as CySEC style options but that doesn’t matter now, CySEC options aren’t the same as they used to be.



Nadex does not offer any promotions at this time. They have run first-time account funding bonuses in the past.


NADEX Withdrawals

NADEX has the fastest withdrawals. They can be made by wire transfer, eCheck or ACH transfer to your bank account. All withdrawals are processed within one business day and returned to your account within three. Wire transfers may take up to a week or more to show in your account once they have been sent. ACH is the fastest method and can be processed and returned in less than 3 business days. To make a withdrawal you will first have to send in more account verifications including a bank draft with your name and account # show. It’s a pain but trust me, it’s worth it for fast, guaranteed, withdrawals.


NADEX Extra’s

NADEX extra’s includes Event Binaries, Call Spreads, and Touch Brackets. Event binaries are options on economic data like the weekly jobless claims and monthly NFP numbers.

Call spreads: are like binary options in that they have a max and minimum payout but trade like forex with profit counted in pips while the asset price is within the “spread”. Other features include 100% tradability as in you can sell your options whenever you want and are not limited to holding until expiration.

The Touch Bracket: They are a combination of spread and range option that trades just like a forex pair except it is automatically expired if the upper or lower boundary is reached. Sounds just like the Call Spreads except with automatic expiry when the trade maxes out. The micro lot sizes of Touch Brackets provide flexibility to trade with low capital requirements.

The NADEX mobile platform: NADEX Go is great. It is a Progressive Web App, PWA, that automatically updates itself all the time so is always functioning at its best. It includes charts, trading, and more. It’s fast, intuitive, and well designed.


NADEX Ratings

User Friendliness – 15/20
This is not the most user-friendly platform you will find. First off it is not that simple to join, once you register you will have to contact them before depositing and depositing is limited to bank transfers. When you get on the platform you will find navigation a little confusing, but once you get a grip on it you will have no trouble with using NADEX trading platform. And, if you are like me, you will like it a lot.


Number of Assets and Expiry – 18/20

NADEX doesn’t have too many assets but it does have all the ones that matter most: 7 indices, 10 currency pairs, 7 commodities, and 1 cryptocurrency. Plus you can also find Event Options which I find to be a lot of fun. Additionally, new assets are being added regularly as the market calls for them.


Commissions, Support And Effective Returns – 19/20

NADEX has another difference from other brokers/exchanges, it charges small commissions… but they are really low compared to what CySEC style brokers keep when you win, $1.00 per contract capped at $50.00 per side. Support is really good, they have a full staff available to answer your questions and help get you started. Effective returns are really good, too. If you buy options when they are OTM you can get returns as high as 300% or higher. The Geek reports his average return to be greater than 100%.


Deposit, Payment and Bonus – 19/20

NADEX is the best exchange for any traders to bank with (they allow accounts from all over the world). Payments are fast, usually made within a few days of your request provided the funds are available within your account and there is no bonus to tie up your account.


Broker Extra’s – 19/20

There really isn’t one thing specifically that is extra about this exchange, except for the whole thing. For one, it’s not a “broker”, it’s an exchange. It has a vested interest in providing safe and legitimate trading because it is in business to provide the platform, not to take the other side of your trades. For another, the freedom to sell options you own whenever you want makes them infinitely more flexible than any other binary broker on the market. Trading with NADEX allows you to increase your potential profits while keeping your risk always under strict control.


NADEX Overall Ratings (90) + CFTC Regulated (+3) = 93/100

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