Nadex Review (2023)

Min Deposit

What is Nadex?

North American Derivatives Exchange, better known as Nadex is the first and actually largest US exchange that offers legal and fully regulated opportunity to trade Binary options, Touch Bracket and Call Spreads.

There is a dramatic difference between a broker and an exchange. Since Nadex matches buyers and sellers, it does not take any positions in any of the markets.

This is indeed an absolutely progressive trading opportunity, as previously, the majority of US residents could only trade through offshore entities, which we never recommend trading with due to their lack of reliability and regulation.

Nadex Pros and Cons

Nadex is an established, reliable exchange regulated in the US. They have an excellent reputation, since the company is a trusted part of Nadex provides competitive trading proposals, and is the only exchange with to trade binary options. They offer great trading tools and technology with low fees.

On the negative side, binary options are a risky trading instrument though Nadex provides customer support 24 hours a day, 5 days a week.

10 Points Summary
🏢 Headquarters USA
🗺️ Regulation CFTC
📉 Instruments Binary options and spreads trading on stock indices, forex and commodities
🖥 Platforms Nadex Platfrom, NadexGO
💳 Minimum deposit 0 US$
💰 EUR/USD Spread Commission 1$ per contract side
💰 Base currencies USD
🎮 Demo Account Available
📚 Education Learning center with comprehensive materials, webinars and seminars
☎ Customer Support 24/5

Is Nadex safe or a scam

Nadex as a US-based company located in Chicago and is regulated by the CFTC  as a financial exchange. As mentioned earlier, Nadex indeed is a pioneer company that offers a fully legal way to trade binary options and Call Spreads.

Is Nadex legit?

Nadex as a US based company located in Chicago is also fully and respectively regulated by the CFTC in the USA as a financial exchange. As been mentioned earlier, Nadex indeed is a pioneer company that is regulated by the sharp US authority that offers a fully legal way to trade Binary Options and Spread.

Also, considering a fact that Nadex is a part of very reputable.

How are you protected?

As we always recommend trading with regulated exchanges only, Nadex operations are also strictly overseen and comply with international safety measures while the client is protected by numerous obligations.

Nadex also defines its function as an exchange service company that ensures all trades are executed fairly and in accordance with US laws, while the environment is fully collateralized without leveraged risk, with no margin calls or debt risk. In particular, Nadex complies with solid risk control trading systems and strong protection of client money, while all your funds are kept in segregated accounts in US banks.


Leverage, which is defined as a loan given by the broker to the trader, enables vast trading opportunities because a multiplied size of your initial capital allows you to operate at a much bigger size in exchange for increasing potential to make higher gains. However, the leverage significantly increases risk levels too.

Therefore, leverage may be risky at the point you set it wrong especially at the highest, non-reasonable levels and this is the case why regulatory restrictions impose lower maximum levels.

  • Nadex being a US firm obliged to use and offer a maximum of 1:40 for some instruments available for individual traders.

Account types

Nadex offers a live account with no minimum deposit required as well as a demo account that comes with $10,000 in virtual funds.

Trading Instruments

So with an offering of Nadex, you may engage in a wide range of binary options and call spreads trading on stock indices, forex and commodities markets, all available from a single account and the platform offered by Nadex.


Nadex offers transparent fee conditions based on commission charges, which are considered to be low commission. See full fee table below:

Fees Nadex Fees Dukascopy Fees Interactive Brokers Fees
Deposit Fees No No No
Withdrawal Fees No No No
Comission based fee Yes Yes Yes
Fee ranking Low Low Low


Nadex call spreads or trading costs are actually built into the commission basis, while you pay only $1 per contract side with no other fees, which is considered low cost trading.

This is a great option for traders of all levels of experience, as this commission-based model makes your calculations easy and lets you know exactly your expense per trade.

Also, Nadex provides free market data and trading software, with its great charting and analysis capabilities, so the only cost you have is the commission of $1.

In addition, you can check out and compare Nadex fees with another broker HotForex.

Deposits and Withdrawals

After you open your free account with Nadex and deposit funds into the trading account, you can begin trading almost instantly. There might be slight differences between the treatment of US or international clients, due to regulatory restrictions, so make sure to check conditions with Nadex Customer Support.

Deposit Options

Generally, there are several deposit options available for your transactions to or from the account, including:

  • Bank Wire Transfers
  • Cards
  • ACH Transfers
  • Paper checks for US clients

What is the minimum deposit for Nadex ?

Nadex’s minimum deposit is 250$, which will allow US residents to open an individual account. A business or entity account will require other conditions, as they mainly are tailored solutions in all aspects.

Nadex minimum deposit vs other brokers

Nadex Most Other Brokers
Minimum Deposit $0 $500


For withdrawal of Nadex funds, you may choose either bank wire transfer or ACH withdrawal, which are available for both US and international traders. Nadex does not charge any fees for an ACH withdrawal, however a bank wire withdrawal will cost $25 for processing fees.

After initiating the withdrawal through your account and receiving confirmation from Nadex, please allow 3-5 business days for your funds to be returned to your bank account.

Trading Platforms

Pros Cons
Mainstay on multiple proprietary Nadex Platform and mobile NadexGO No popular MT4 or alternative platform
Powerful trading capabilities with free range of tools
Clean view and good charting
Real time view with performance metrics, reports and more

Web Platform

Nadex offers online and mobile platforms that allow you to take short-term positions and speculate on the minimum of the price movements for an offered wide range of markets. Nadex platforms connect you directly to the Nadex exchange, so the pricing is built accurately and orders are placed quickly.

Desktop trading

The Nadex desktop platform is equipped with powerful characteristics, which allow you to track, manage, and analyze markets in the best manner with its full-featured charts, technical indicators, and drawing tools. Also, you will get free access to market data together with unique ladder charts making trading from charts easy and possible just by selecting markets and orders to be placed.

Mobile platform

NadexGO is another addition to your seamless trading as a mobile version, which is synchronized with the desktop version but allows you to state up-to-date on-the-go from almost any point so long as you have an Internet connection.

Customer Support

Nadex also provides unparalleled, reliable, and high level support to their traders and clients. The customer service team is available via phone and Live Chat, and you can also leave your question or request via an online form.


Nadex also has an established Learning Center, so you can deepen your knowledge and potentially become a better trader with comprehensive learning materials, webinars and seminars held on a regular basis by Nadex specialists.


Overall, Nadex is very promising and indeed competitive, since you will get a pure opportunity to trade Binary Options and Call Spreads with a fully regulated company in the US, which is the only one offering in the market compared to dealing with unreliable offshore brokers only. In addition, you will get a great cost strategy with a commission of 1$ per contract, vast educational material, great support from the company, and no minimum deposit to begin.


No reviews yet!