In this post, we will provide you all the Nadex Binary Options Brokers Reviews with useful information for traders to consider such as: Nadex trading reviews, Nadex Customer reviews, Nadex trading platform reviews. Before making decision you need to know all their advantages as well as disadvantages.
Nadex is well-known as a top choice for binary options trading. Their site is subject to oversight from the Commodity Futures Trading Commission, the CFTC. There is a large variety of different trading assets available on Nadex from currency exchange pairs to various worldwide stock indices to Bitcoins and top commodities. In addition Nadex provides very extensive of array of educational tools and this is really helpful for traders. Let’s take a look at Nadex more closely.
Basic Information of Nadex:
- Online since: 2004
- Jurisdiction: USA
- Software: NADEX
- Max Returns: ∞
- Minimum Deposit: $250
- Minimum Investment: $25
- Maximum Investment: $100
- Currencies: USD, EUR, GBP
- Mobile: Yes
- Countries: All countries
- Demo account: Yes
Pros and cons of Nadex
- Offers many trading options
- Accepts both US and non-US residents
- Easy to use trading platform
- Regulated by CFTC
- Great customer service
- Extensive Variety of Educational resources
- Mobile App for both IOS and Android systems
- Demo Account
- Well Designed Website
- Advanced Charts
- Fees for withdrawals and deposits
- Only One Standard Trading Account
- Only two types of trading contracts
Review the broker about some main features:
- Deposit bonus: Nadex provides traders the Free Holiday Bonus depending on the amount of initial deposit and traders will receive free trading days. Nadex does not offer traditional monetary bonuses because Nadex is not a standard broker. Bellow are the bonus days:
$100 initial deposit amount, traders will receive 1 free trading day
$500 initial deposit amount, traders will receive 2 days free trading days
$1,000 initial deposit amount, traders will receive 3 days free trading days
$5,000 initial deposit amount, traders will receive 4 days free trading days
$10,000 initial deposit amount, traders will receive 5 days free trading days
- Payout: With Nadex the average payout which traders can get is around 75%.There is no mention of any rebate for out-of-money trades. There are fees payable for each trade made that traders should take note when trading. As always each contract filled will cost traders at least $0.9 per side and the maximum amount is $9 per side. There is a $25 fee for returned checks and wire transfer. Nadex is suited for professional trader because of all these associated charges and fees.
- Deposit and withdrawal options: The depositing and withdrawal methods are different for out of the country and U.S residents because Nadex is regulated broker within the US
For U.S traders, you can use debit card, bank transfer, paper check, automated clearing house network and wire transfer. For American traders, withdrawals can be performed using all these methods and excluding paper check.
For non-U.S traders you can use debit card and wire transfer. Withdrawals for non-U.S traders can be performed using above deposit methods.
- Simple User Interface: The Nadex platform is user-friendly and their interface is similar to Microsoft Windows. They offers a daily overview of changes, news, market trends and opportunities to trade, they can provide you with useful information so you should take note of this feature.
- Type of accounts: Nadex offers four types of trader accounts. They are:
Individual Account for US Residents
Individual Account of Non-US Residents
Trust, Partnerships, LLC’S, Corporation Accounts for US-based entities
Permanent Demo Account
It takes minutes to open an individual real trading account
With Nadex, traders are offered a free permanent demo account that they can open in less than one minute. You just need to input some information such as your name, phone number, country and email address to open a demo account.
When you create a Demo Account you will get $25,000 play money and it’s permanent so you can continue demo trading for as long as you want. Your demo account has fully-featured trading platform as live account. You can use your 25,000 play money with zero limits or restrictions.
- Minimum deposit: Like other binary options brokers, if you want to create a live account with real money you need to deposit an amount. With Nadex the minimum deposit is $250.
- Trading tools: Nadex offers many trading tools in the form of indicators and charts to enhance the trading experience. They provide from MACD to Bollinger Bands, from Ichimoku the Nadex charting tools to Candlesticks.
- Customer Service: Customer service is brought by Nadex is really perfect. We don’t talk about the usual stuff like some education materials- they are very plentiful and detailed. With all problems you can get really quick answer from their support team. Nadex provides traders small details like regular news and short helpful videos. Nadex is really different and perfect with their customer service.
- Multiple Asset Investing: Nadex offers several assets in multiple classes, they are: Stock, Indices, Currency Pairs, Commodities. In addition, they offer assets in Economic Event and you even can trade Bitcoin.
Examples of assets include:
Currency Pairs: EUR/USD, USD/CAD, EUR/JPY,..
Stocks: Dow, FTSE, DAX,..
Commodities: Gold, Crude Oil, Soybeans,..
Economic Events: Fed Funds Rate, Nonfarm Payroll,
- Expiry Time Info: 5min, 1 hr, 24h, 24 hr+, End of Day, End of Week, End of Month
- Payout of Maximum Percentage: The maximum payout will vary depending on the strike price of the option you trade. You will receive average return of 100% if an option is at the money. In the money option will be average about 50-80%. It just depends.
- Multiple Languages: English, Spanish, German, Italian, French
- .Country available: Nadex is an international binary options broker and especially they accept US traders.
- Nadex App: Nadex offers traders one the most complete and best mobile trading apps on the market. Their application is totally free and has optimized for many mobile platform. IOS and Android version are available. Their application contains every feature available on their website and making trading so simple and quick.
Best strategy to trade with Nadex binary options broker
Nadex has several trading strategies for binary option market. There are five major binary options trading strategies available when it comes to US exchange traded options, they are:
When the market trends strongly, you should apply in-the-money or deep-in-the-money strategy
When the market trends weakly you should sell or buy an at-the-money strategy
When the market trends aging, you should sell an out-of-the-money strategy and you should take advantage of the expected market reversal.
You should buy an at-the-money strategy when the market trends parabolic strongly.
You can sell an at-the-money strategy or an out-of-the-money strategy when the market trends parabolic aging
You need to buy/sell an at-the-money strategy or sell a strangle strategy in sideways market.
These are all Nadex Binary Options Brokers Reviews that we provide you. It is no coincidence that Nadex has survived in this industry for more than a decade. With all their advantages such as: low minimum deposit, great platform, very high security standards, and many other. They have many features can make traders have great time here. You will like the simple and clear design here and you really have the feeling great. Let’s open an account with Nadex.
Hope with this Nadex Binary Options Broker Review post will help you really understand about this broker, should find other brokers that maybe suitable for your choice here.
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