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About company
Nadex is a binary options broker. The company was founded in 2004 in the USA. The Regulatory Body is the Commission on Futures Exchange Trading. The company is part of the Crypto.com financial holding.
The company highlights the following advantages for its clients: a fast trading platform, regulation in the state supervisory authority, qualified technical support, honesty and openness in relation to clients and their funds, segregated accounts located in reliable US banks (Fifth Third Bank, BMO Harris Bank), providing irreplaceable trading experience, great trading experience of broker managers, client priority in disputable situations, secure transactions, transparent business policy, qualified technical support, trading platform with a friendly interface.
Trading conditions
The broker provides access to a single type of trading account - Live Account. For novice traders, a demo account is available for free to test trading strategies in conditions close to real ones. To start trading, you need to register a trading account. No minimum deposit required. The broker provides access to the following assets for trading: Forex, indices, commodities, binary options, knockouts, call option spreads. The company's website has an educational section: e-books, a glossary, webinars, master classes, Forex guides. We were unable to find information about welcome bonuses, contests for traders and affiliate programs.
Trading platforms
The broker offers its clients to download and use for free a trading platform for a browser of their own design - Live Web Trading Platform. There is no mobile app.
Technical support
The customer service works 24/5 and handles all inquiries via email customerservice@nadex.com. Customers can leave their request in the live chat window on the company's website.
Deposit/Withdrawal
Clients can fund their trading account or withdraw profits via Bank Transfer and Bank Card.
Trader reviews
We found a lot of negative reviews about this company. Claims are as follows: slow withdrawal of funds or inability to withdraw funds, unprofessional technical support, suspicions of a scam, suspicions of fraud with traders' accounts.
Broker Advantages
- Presence of a regulator
- Own trading platform
Broker Disadvantages
- Scam suspicions
- Lots of negative reviews
- Incompetent technical support
- General negative background
Conclusion
The choice of a broker for cooperation is perhaps the most important choice in a trader's career. It is worth paying attention to the following fundamental indicators: the reputation of the broker, the behavior of technical support, the behavior of company representatives in social networks or forums, the history of the company, real trading conditions and fresh feedback from traders. This review is not a guide to action or advice.
