Nadex Review – Nadex Rating Score – 34/50
Nadex is a binary options was founded in mid-2010 and stands for North American Derivatives Exchange. The company’s website is open and lists their address showing them to be based in Chicago, USA. The platform is 100% web-based.
As there is no software download needed, trading is simple. You can log in as a member of Nadex and place your orders directly into the exchange. Streaming data: no need to refresh, data is updated automatically in real-time. Trade stock indices, commodities, forex, and economic events with limited risk in a transparent, regulated market.
Trade directly into the Nadex order book using top technology. Place orders, view real-time prices, review your trading history and manage your account
The website is informative, but it is not so user-friendly. But it is 100% web-based, allowing for an easy trading experience.
Nadax binary options platform is suitable for advanced binary options traders, and not for beginners.
Assets & Expiry Times 8.5/10
There is an average number of assets that can be traded with Nadex: 21 stocks forex and commodities. This is a lot, as you are trading through an exchange on a regulated market.
Trade with Nadex on the following expiry times: intraday/hourly, daily and weekly. A good choice considering Nadex is regulated by CFTC.
Commissions, Customer Service & Return Rates 6/10
There are fees that you will have to pay if you trade binary options with Nadex. The fees are $1 for each contract filled and a maximum of $7 for each trade/order. There is also a $1 fee for each binary option contract settled – many fees that only the most experienced binary options trader will choose to trade with Nadex. There are also withdrawal fees: wire transfer and returned cheques cost $25.
Nadex offers you top quality customer service via phone and email or fax or call back. Each question and query is handled individually. Therefore, every time a trader contacts Nadex, they can contact the customer service team to solve their problems. Nadex is open for trading from 6:00pm ET Sunday through 4:15pm ET Friday, excluding end-of-day processing hours which occur from 5pm to 6pm ET, Monday through Thursday. Customer Service is available during all regular trading session hours. The Exchange is closed on most U.S. holidays.
The return rate is up to 75% if your trade wins, but there is no return if your trade loses –average for the binary option industry.
Deposit Options, Languages & Bonuses 3.5/10
Deposit via Wire Transfer, ACH and electronic cheque.
Nadax is only available in English o cater for the Nadax exchange traders.
No bonus offers mentioned on the site
Additional Features 10/10
There are many additional features on the Nadax website, which is one of its best qualities. These are the Rules, Notices, Hours & Holidays, Daily Bulletin, Fees and results tabs, which are accessible from the bottom of the homepage – great tools for Nadax traders.
Under the Binary Options tab, you can view explanations of How to Trade Binary Options, Binary Contracts, Gold Binary Contracts and Forex Binary Options. These are just a few of many of the additional features of the Nadax website.
You can also sign up for a $25K demo, a great feature to get into trading with Nadax and binary options. On the binary options trading platform, you can change the layouts to whatever you prefer, and save them too, so whenever you log in to your account, the previously saved layout will be in use.
There are top quality real time charts that you can monitor your trades with.
There are many other features that Nadax has available on their website.
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