Nadex Rating Score – 54/100
The Nadex stands for the North American Derivatives Exchange. The trading is regulated, allowing you to trade stocks, currencies, indices and commodities. The regulatory body is the CFTC (Commodity Futures Trading Commission).
Trade binary options directly with the Nadex exchange, based in Chicago, USA. Trading is easy, because there is no software download necessary.
The market information is updated on a regular basis, making the trading experience simple for you.
We don’t feel that the Nadex trading platform is the most user-friendly platform on the market these days. The site has had good feedback from professional traders, as they like trading in a 100% web-based environment.
Most traders we spoke to do not like trading in an environment that is regulated, because it makes trading binary options more complex for them.
Once you login to your trading account you can view history and make orders.
No. of Assets 5/10
You may only trade a small number of 23 assets at Nadex – giving you less choice while trading binary options.
Expiry Range of Options 9/10
Nadex has a decent choice of expiry times. Choose from intraday, 1 hour, 1 day and 1 week expiry times.
Effective Return 5/10
If your binary option loses you get no return, but if your binary option expires in the money you get 75% return.
Binary options trading is only available in English with the Nadex trading platform.
There are very high commissions which are associated with trading at Nadex. Each settled option contract carries with it a $1 fee. A filed order costs $1 and a filled contract costs a hefty $7. Withdrawing via wire transfer is $25 and withdrawing via check is also $25.
Loyalty Offers 0/10
There are no loyalty offers for customers.
Payment Methods 6/10
Deposit through wire transfer, ACH and electronic check.
Support Quality 8/10
The quality of the customer support is good. Trade binary options from Sunday at 6:00 pm Eastern through 4:15 pm Eastern on Friday. The times excluded are the end of day processing hours between 5-6:00 pm from Monday to Thursday. The support team is unavailable during US holidays and may be contacted only during market hours.
Website Extras 10/10
This website gets full marks for the additional features that are available. View the fees, Gold binary contracts, binary contracts, How to trade contracts and forex binary contracts from the Binary Options menu feature.
The trading demo is top quality and is great for a trader that wants to get an insight of what trading with Nadex is all about. The platform layout is customizable, giving you the ability to trade binary options the way you like.
Once you open a position you can view them through charts, making the trading process easy for you. Overall, Nadex offers traders enjoy the most features in the binary options market.