Nadex is the only binary options broker based in the United States. There are far more reasons to sign up with Nadex, though. In our Nadex review, we have tested all aspects of Nadex’ service.
In this article, we will analyze these aspects of Nadex’ business:
- Unique Nadex features,
- Nadex binary options types and assets,
- Nadex banking.
Stop! Wait! Slow Down!
Nadex is a great broker, however they focus on US Traders. If you are from the US keep reading! If you are non-us, then take a look at the general brokers list!
With this information, you will know everything you need to know about Nadex, and you will be able to make a good decision on whether Nadex is the right broker for you.
Unique Nadex features
Nadex is the most unique broker you can find. Usually, when we talk about a broker’s features, we list all the things that define this broker’s character. Every broker has its very own mix of features, which gives the broker an individual character, even though many other broker share these features in a slightly different combination.
With Nadex, things are different. Almost everything about Nadex is completely unique. When we talk about Nadex’ features, keep in mind that saying that you can’t find these things anywhere else is not an exaggeration. If you want these features, you have to sign up with Nadex, or you will miss out on them.
Let’s look at Nadex’ unique features one by one.
Only U.S. based, U.S. regulated broker
Nadex is the only binary options broker that is based in the United States, and that accepts U.S. regulations. The Commodity Futures Trading Commission (CFTC) regulates every aspect of Nadex’ business and subjects the broker to the same thorough rules as every bank and financial institution in the country.
For traders, this regulation is a huge advantage for three reasons:
- You get more security. Binary options brokers are based all over the world. Some of them are completely unregulated, some are regulated by an African government, and some are regulated by the European Union. While the European Union’s regulation is trustworthy, too, having an American broker that adheres to American rules will make many traders feel better and more secure than having to accept an overseas government dictating their trading rules.
- You can buy American. For many people all over the world, it matters where their product come from. They would rather buy a t-shirt made in the USA than one from a third world country where children are forced to work. Nadex allows you to adapt this philosophy to binary options trading, enabling you to sign up with a broker that is based in the country you respect.
- You have less trouble with language and translation. As a U.S. based broker, Nadex’ English is perfect. Every aspect of their homepage feels professional; their trading service is first class, and so on. With other broker, things can be different. Since some of these brokers have to translate their homepages from another language, they often leave a lot to be desired and seem unprofessional, even though the brokers itself might be trustworthy. With Nadex, there is no bad grammar and no bad spelling, which gives you the good feeling you need when you invest money.
Combined, these three advantages can make your trading more comfortable and more profitable.
Because of the CFTC’s regulation, you know that Nadex offers a secure, trustworthy business. Some people are hesitant to invest their money online, but with the CFTC watching over Nadex, you know that you get a first-class investment environment and not someone who is trying to scam you. If an unregulated broker from the other end of the world stole your money, there would be nothing you could do. With Nadex, you know that these things will not happen.
30 strike prices – always
Nadex offers the most flexible and most profitable high / low options in the market. Other binary options brokers offer their high / low options with only one strike price – the current market price. You can predict whether the market will trade higher or lower than right now after your option expired, but if you want to predict a strong movement, there is no way to predict a stronger movement.
Consequently, you trade every movement with the same prediction. There are, however, many different types of movements, and trading them all with the same tool makes little sense. If you have found an especially strong movement, for example, only predicting that the market will close higher than the current market price would waste a large part of the movement.
With Nadex, you can predict that the market will close above or below one of 30 strike prices. If you expect that a stock that is currently trading at $100 will move to $102, you can invest in a high option based on a strike price of $101.80, and you will be able to get a much higher payout than with a regular high / low option. Often, Nadex’ strike prices will allow you to triple or quadruple your returns, sometimes even more than that.
Nadex allows you to trade the same strategy and the same predictions as with any broker, but because you can trade them more accurately, you will make more money with them. Consequently, Nadex allows you to increase your profits without requiring you to improve your trading – an offer every binary options trader should love.
Free demo, no sign up required
Nadex is one of only two brokers that allow you to demo their service without having to sign up. To get the Nadex demo, you only have to go to their website, pick a username and a password, and you can start trading for free. In return, you get a fully functioning trading account with $25,000 in play money.
A demo is a great way to test a broker and binary options in general. Because you can trade with play money, you do not risk a single Cent while you find out whether you have what it takes to become a binary options traders, whether you like the broker, and which type of strategy is right for you.
Most other brokers, however, require you to get a regular trading account before they allow you to test their demo. To get a regular trading account, you need to deposit money with the broker, which creates the unnecessary dilemma of forcing you to invest money in order to find out whether it makes sense to invest money. Often, these brokers require you to invest at least $250 or $500, sometimes even more.
With this broker things are simpler and better. Follow our links to their website, sign up for the demo, and start trading risk-free. That’s the way binary options should work.
Professional, easy to use trading platform
Compared to other brokers, the Nadex trading platform is in a league of its own. Where other brokers force you to accept crude methods to analyze the markets, often only offering you a small price chart you can’t adjust, the Nadex trading platform allows you to use all of the tools a trader needs.
You can market movements as line charts or candlestick charts, apply technical indicators, adjust the chart’s time frame, and make all the adjustments you need to find a profitable trading opportunity.
Nadex trading platform continues the broker’s commitment to a different, more professional service. At the same time, it remains simply and easy to use.
- If you want to keep things straight forward, you can ignore all of the more complex features.
- If you want to learn how to perform technical analysis, the Nadex trading platform offers you the intuitive trading environment that introduces you to technical analysis in the easiest way possible.
- If you already know how to perform technical analysis, the broker’s trading platform offers you all the tools you need.
All in all, the Nadex trading platform offers every type of binary options trader the right tools to be successful.
Nadex binary options types and assets
Nadex offers assets in three categories:
Nadex offers stock indices both from the U.S. and from all around the world. Compared to ETFs and other conventional assets, the great advantage of trading these indices with the broker is that you can avoid the subscription fee. Where banks and conventional brokers steal a part of your money every time you buy an ETF, Nadex allows you to maximize your earning potential by applying no such fees, putting all your money to good use instead.
To make the most of your ETF investments, it can make great sense to carry them over to Nadex.
The forex market is the biggest market in the world by far. With a daily turnover of four trillion dollars, accessibility on six of seven weekdays, and no nightly brakes, the forex market is ideal to trade it with binary options. Regardless of which time of the day you prefer to trade, you will always have all assets available to you, and they will always show the high trading volume that makes assets a good investment opportunity for binary options.
Nadex offers 10 of the most popular spot forex pairs as limited-risk binary options and spreads. You can trade them 23 hours a day, 6 days a week.
Commodities are the second largest market in the world. Such goods as oil, grains, and gold are so essential to our daily lives and our economy that they, too, are traded 24 hours per day with a high volume. Additionally, many traders have a good intuitive feeling for what will happen next in the commodities market, for example whether the price of oil will rise or fall.
Since conventional brokers and banks only offer abstract, complicated ways of investing in commodities, many traders can profit from Nadex’ straight forward investment opportunities with binary options.
Nadex offers these deposit methods:
- Debit card,
- Wire transfer / bank transfer, and
- Paper check (only for U.S. traders).
This list is unique in three ways:
- It allows you to deposit money via check. No other broker offers this deposit method, which means that if you want to make check deposits, Nadex is the broker you should choose.
- There are no credit card deposits. In an indication of Nadex’ seriousness in matters of security, they only accept debit cards, but not credit cards. Debit cards have the advantage of only allowing their holder to spend money they actually have, which means that you can’t trade Nadex with credit money – important criteria for a solid business.
- There are no online payment providers. The internet is anonymous. While this is great for criminals, it is a problem for binary options brokers that want to keep their business free from illegal influences. Nadex did the only right things and eliminated the problem at its root, disabling all online payments.
For withdrawals, Nadex offers debit card payments and wire transfer. The broker only allows withdrawals to the bank account and debit card you used to deposit money. This feature makes sure that nobody can steal your money, and that money launderers can’t use Nadex to cover their tracks, both features greatly add to your security.
The minimum deposit for all deposit methods is $100. Compared to other brokers, this value is at the lower end of available minimum deposits.
Nadex is a unique binary options broker in every way. As the only U.S. based broker that accepts U.S. regulation, it offers more security than any other broker. With 30 strike prices, this broker also allows you to trade more accurately and make more money than with any other broker. In combination, these two advantages make the broker a strong combination for any binary options trader.