Comments Rating 2.17 (3 reviews)


Broker Name:


Broker Type:




Operating since year:





North American Derivatives Exchange, Inc. 200 West Jackson Blvd.Suite 1400, Chicago, IL 60606

Broker status:








Monday – Thursday: 8 a.m. – 6 p.m. EST, Friday: 8 a.m. – 4:30 p.m. EST


Trading platforms:


Trading platform Time zone:


Demo account:


Mobile trading:


Web-based trading:




Other trading instruments:



Minimum deposit ($):


Maximal leverage:




Scalping allowed:




Nadex is a US-based broker founded in 2009. They’ve never stopped updating their services and aim to provide a quality experience to their customers.

The broker is based in the USA. Their address is North American Derivatives Exchange, Inc. 200 West Jackson Blvd. Suite 1400, Chicago, IL 60606.

Nadex is a broker that focuses on binary options. That means most of the trades you’ll be making using their website will be assumptions whether an asset will go above or below a specific price in the predetermined time frame. That might deter some potential traders, but Nadex is one of the only firms that provide such services to US customers. As such, it’s best to view them as filling a niche rather than being an all-rounder. Here are some of the main upsides to using the company’s services:



Many online brokerage services provide at least some sort of educational experience for novice traders. However, Nadex organized theirs in such a way that it’s clear how and where you should progress. The courses are separated and ordered in such a way that you can ingest small pieces of information without getting overwhelmed or too bored.


Nadex, as we already said, fills a specific niche. And those that dislike the role it takes might dislike the service as a whole. However, for those looking for what the broker is providing, it’s one of the few places where they can find what they want.


Brokers based in the USA are quite rare because it’s much easier to shelter up at an offshore location with more lenient security restrictions. Nadex has both great regulation and reputation, as well as operating from a location where it’s easy to locate and prosecute them. The combination of those factors nearly ensures a fair experience for traders.



We already explained that the chance of getting tricked when using Nadex is quite small, but let’s expand. First off, they are regulated by the CFTC. That’s already a clear indication of trustworthiness, as the license is quite strict. One of the requirements is that the firm and customer funds be kept entirely separate, so even in the case of Nadex going under, users can expect to see their money back.

Next, the broker’s reputation seems pristine. In over a decade of operating, they don’t seem to have made any significant transgressions. You can read an angry comment or complaint here or there, but a few of those are typical for each broker. Overall, there’s nothing that would prompt deeper investigation.

Lastly, the location of the company is more important than you might think. A lot of offshore brokers choose their position because it’s easy for them to hide from any potential legal action. The fact that Nadex is located in the US, and has a clearly defined address adds a lot to their security rating.


Sadly, there’s not much variation when it comes to accounts at Nadex. Before you’re certain you want to invest money, you’ll be able to open up a demo account. There are some funds you can use to practice and well getting used to their custom platform. However, once you decide to invest, you’ve only got one option for a live account.

Some traders view that as a good thing, as the trading experience is leveled no matter how much you decide to invest. That creates a situation where prediction skills are the only determining factor to whether you’ll profit or plummet. However, most will agree that the lack of different account types leads to a lack of personalization, with some going as far as to state it indicates laziness.

No matter which side of the argument you fall on, the facts are that fewer account types usually benefit budget traders. The logic is simple, higher types usually provide additional benefits to those willing to invest more, so when they don’t get those benefits, smaller investors do better comparatively.


Even disregarding the niche status of the broker, the trading conditions seem to fall on the weak side.  To start off, even finding the information takes a large amount of effort, with some being entirely hidden. That means we can’t tell you what sort of leverage Nadex provides, and although the spreads are allegedly tight, we can’t give any exact numbers.

Furthermore, while it’s clear what sort of asset they allow trading on, the exact numbers, and the specific instruments, are hidden. Account typing is also limited, and a lot of traders might find it unsatisfactory. There are also fees to opening trades, specifically $1 per contract up to a cap of $50.

Even though the conditions so far seem quite underwhelming, the security rating of the broker makes the situation seem quite a bit better. Also, the binary options trade system is something many traders, especially new ones, enjoy due to the increased simplicity.



Nadex, like a lot of crypto brokers, uses a custom platform. Many users seem to think it lacks convenience and intuitiveness. However, a lot will also agree that the difficulty of use comes from the platform having a lot of features that other proprietary software usually lacks. So once you get the hang of things, you’re likely to be satisfied. It should be noted, however, that the broker would’ve probably been better off going with a more standard option.

There is also some extra convenience with both web and mobile options for the platform available. The web client allows you to just jump into trading, even on a desktop you haven’t traded on before, without the need to download. Just a few clicks will open the client up, and you’re good to go.

As for the mobile client, it’s available on both major app stores and allows for trading on the move. All you’ll need to do is download Nadex’s app, have enough mobile data, and have a reliable internet connection.


As we already mentioned before, the information about the trading instruments at Nadex is quite obscure. There’s little to no indication of what the specifics are, and it seems like you need to sign up to get any info that goes past the trading product categories. However, most traders seem to be satisfied with the collection, and the broker looks like they’ve focused most on crypto, so the variety appears like it’s there.

Here are the categories of trading products at Nadex:

  • Stock indices
  • Forex
  • Commodities
  • Cryptocurrency
  • Economic indicators and events


The support options should be enough to satisfy anyone unless they were a night owl, as the team works over a larger part of the day, five days a week. The available options are what you’ve come to expect in a few phone lines, an email address, and live chat. All three options are, sadly, exclusively in English; however, the phone line is toll-free if you’re a US-based trader, which is a plus for those that are.

Phone number: 1-312-884-0100

Email: [email protected]



As we’ve already said, Nadex is a niche broker. They are one of the few that provides a binary options trading system for US traders. However, that seems to have led them a bit too far into comfort. Objectively looking, the broker provides a sub-par service in many of their areas.

While the website looks clean and appealing on the surface, a lot of info is missing from it. While the security is quite above average, the other trading conditions seem to have suffered. Account typing, fees, and assets are all areas in which Nadex suffers.

They aren’t an abysmal broker by any means, and even the areas we say they lack in aren’t horrible, just slightly below average. It’s unfortunate that they depend on the specific role they fill so much and neglect the rest of their service since we believe they’re just a few upgrades short of attracting a much larger audience.

As it stands, we would recommend Nadex to traders who value security over everything, as it’s truly amazing. Also, US traders that enjoy making predictions on binary options will find it hard to locate a better alternative. Other traders, however, won’t have a hard time finding something that better suits their needs.



  1. Nadex Review, Nadex Review Tobi Salas 30.09.2020
  2. Nadex Review, Nadex Review Arham Davidson 30.09.2020
  3. Nadex Review, Nadex Review Caitlyn Blanchard 30.09.2020

Leave a Reply

User Review
  • Support
  • Platform
  • Spread
  • Trading Instrument

Nadex Review
  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 2.17 (3 reviews)