Located in Chicago, Illinois, Nadex (North American Derivatives Exchange) was established in 2004 and remains the only licensed binary options broker in the US. Nadex offers binary options trading via an exchange where traders can access a comprehensive package of financial assets as well as lucrative and innovative contracts. As one of the most experienced binary options brokerage firms in the world, Nadex offers traders the ultimate trading experience and it is no wonder they are the top choice for many US traders.
Nadex is a binary broker licensed by CFTC (The US Commodities and Futures Trading Commission). The CFTC is known to enforce near protectionist policies surrounding binary options and it is therefore good news for traders that Nadex is the only company that has achieved its regulation. Traders do not need to worry about their money because Nadex holds client funds in segregated bank accounts at BMO Harris Bank and Fifth Third Bank, completely separate from the company’s working capital. The Nadex platform is also subject to random and routine checks to ensure it provides an open and transparent environment for account settlements, and also that buyers and sellers of options are matched in an impartial manner.
For US residents, Nadex is by far the best trading service available. Unlike other offshore brokers, Nadex offers trading via an exchange and is the only broker that is licensed in the United States. Apart from its activities being monitored, being licensed ensures that traders will always have legal recourse in case anything goes wrong. And by offering binary options trading through an exchange, Nadex allows traders to trade against each other; there must be a seller for every buyer. This way, there is absolutely no vested interest (on the part of the broker) and traders do not have to worry that the broker is on the other side of their trade.
Other offshore brokerage firms generate a significant part of their money out of traders’ losing trades, but Nadex generates revenue solely through trading activity. Nadex also has one of the best and interactive binary options trading platforms and offers all traders excellent resources to help them boost their trading knowledge and skill. Nadex traders also receive nonpareil support 24/7. Their payment methods are particular safe and convenient for US traders, with traders able to trade immediately they complete the deposit process and all withdrawals processed within 48 hours.
Get StartedBinary options trading is very easy (it is a two-way market proposition for traders), but Nadex makes it even much easier. The Nadex trading platform is user-friendly, very interactive and intuitive. It is web-based (no download needed) and traders can access all the markets from one screen. To place any type of trade, traders only follow 4 simple steps:
All this is easily done on the same screen. Nadex also has easy-to-navigate complimentary platforms for Android and iOS. The mobile platforms have the full functionality of the desktop platform but give traders the convenience of trading on the go.
Nadex offers all its traders a bonus when they make their first deposit. The bonus is innovatively offered in form of a Fee Holiday, with traders receiving more free trading days the more they deposit. During the Fee Holiday, traders will be enjoying 100% payouts on their in-the-money contracts.
| 1st Deposit Amount | Number of Free Trading Days |
|---|---|
| $250 | 3 |
| $500 | 6 |
| $1000 | 9 |
| $3000 | 12 |
| $10000 | 15 |
Nadex allows traders access to a free, unlimited demo account. No deposit is required to open an account. All you need to do is fill out your personal details, choose a nickname and you will be able to practice binary options on the Nadex platform with a virtual $25000 in trading capital. In demo mode, traders can trade all Nadex assets, markets and contracts, and from any device. Demo traders will also have access to free real-time data. The Nadex demo account can help traders learn all the intricate features of their robust trading platform, as well as develop, tweak and forward test their trading strategies in the market without putting any money on the line.
Nadex traders are able to trade an impressive range of assets that include Currencies such as EURUSD and GBPUSD, Stock Indices such as Wall Street 30 and FTSE 100 as well as Commodities such as Gold and Crude Oil. Nadex also recently added Bitcoin to its tradable assets while it remains one of the few brokerage firms to allow traders bet on Events such as Non-farm payrolls and Fed Funds Rate.
Trade popular stocks like Apple, Microsoft or General Motors
Easy access to the curency market. Trade EUR/USD, and 9 others curancy pairs.
Profit from the rise world's first cryptocurrency
Oil, gold, silver, natural gas - all at your fingertips
Nadex allows traders to make deposits into their trading accounts using a variety of safe, secure and convenient payment methods. US traders can make deposits using debit cards, ACH (the Automated Clearing House network), wire transfer, paper checks and even directly from their checking accounts. Non-US traders can make deposits using debit cards, wire transfer and directly from their checking accounts as well. The minimum deposit for both US and non-US customers is $100. Withdrawals are done using the same methods as deposits, except, of course, paper checks.
Nadex charges zero fees when traders make deposits using debit cards or electronic methods. And when traders make a deposit using wire transfer, Nadex will credit their trading accounts with an additional $20 per transfer to cater for the transaction costs. Quite amazing, frankly!
Nadex traders can trade their favorite assets in a variety of high paying contracts that include the standard call/put options and ladder binaries. With call/put options, traders book their profits when prices simply close, even marginally, higher or lower than the strike price. Ladder binaries, on the other hand, enable traders to enhance their payout by targeting multiple price barriers in a trending market. Nadex binary options contracts can be traded with expiry times that range from 5 minutes to 1 week.
Nadex also offers spread contracts which, like binary options, payout when the underlying asset closes higher or lower than the purchase price. A spread contract has an upper and lower band with the purchase price lying anywhere between the bounds. However, unlike binary options, spread contracts have no defined risk or reward, and the overall profit or loss is determined by the difference between the purchase price and the expiration price, up to the maximum limit defined by the contract.
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