Nadex Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Nadex is a tier-one Forex Broker & Exchange based in the US.

It is a private limited company which made its mark back in 2004. Regulated by CFTC, Nadex, as of the last report, there are around 100+ employees currently working for the company.

About Nadex & Accepted Countries

Nadex is a private limited company that offers its services to US residents only. They provide a wide range of FX services.

We will discuss what they are offering along with the commission fees later in the article.

The trading platforms are robust, and you can use them from any device.

Overall, the company is competent enough to survive the harsh market conditions, and they have the experience to guide new and old traders to excel in the market.

Open a Forex Trading Account Now! – Fill up the Form

Nadex Trading Platforms

The trading platforms that Nadex is offering are fast and reliable. The names of the platforms the company delivers are Nadex Trading Platform and NadexGo.

It is available on desktops, browsers, and mobile phones.

On desktops and laptops, you can use exclusive Windows and Mac version applications developed by the company internally.

As for the browser version, you can use any popular web browser to access it. Finally, a mobile app is available on both Android and iOS.

The trading platforms have all the “Go-to” features that you typically expect. There are the Real-time Updates, Portfolio Details, and Research Reports.

You can also check on the Global Indices, Global Indices, Interactive Charts, Live Markets, and Multi-Account Management features.

Nadex Mobile App

The name of the trading platform available on mobile phones is NadexGO.

You can download it on Android and iOS. Now, you will get primary features and functions in this version that you will get on the other platforms.

The likes of Real-time Updates, Portfolio Details, Research Reports, and Global Indices are a few notable mentions.

Other features include Personalized Advisory, Interactive Charts, and Multi-Account Management.

Check out Mobile Apps of more Forex Brokers

Nadex Commission or Brokerage or Fees

What you first need to understand is that Nadex is an FX Exchange institution.

Unlike most FX brokers where you need to pay commission fees to place an order every time, you don’t need to pay any. So, primarily, you need to pay only the spread fees.

They typically charge a fixed rate for every contract.

There is one interesting factor that you should keep in mind.

You can bear a limited amount of loss which is in respect to your invested capital. So, technically, your loss amount can’t exceed the deposits you have made.

Nadex Exposure or Leverage

Unlike most companies, Nadex is offering only 2 kinds of accounts – Individual accounts and Business accounts.

Now, we will learn more about the accounts later, but let us know about the leverage ratios the company is offering for both accounts.

For the Individual accounts, the company is offering 1:40 leverages, whereas, for the Business accounts, it is 1:100.

Payment Methods provided by Nadex

Compared to most brokers, the payment methods that the company is offering are mostly limited.

Here are the options by which you can deposit funds – ACH, Credit Card, and Wire Transfer.

Meanwhile, if you wish to make a withdrawal, you must use either ACH or Wire Transfer.

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by Nadex

Nadex offers Forex trading exclusively. So, you can’t trade any other assets like Commodities, Indices, Stocks, Bonds, or Cryptocurrencies.

Now, in plain sight, you can say that the options are limited if you wish to trade with Nadex.

But then again, the company is primarily an FX exchange. So, no commission fees that you need to pay.

Nadex Virtual Trading or Demo Account

One of the best ways to learn FOREX trading is to utilize the Virtual Trading accounts or simply the Demo accounts.

Nadex is offering this incredible service to new and experienced traders. With the Nadex Demo account, you can trade Forex in dynamic market conditions.

It is a risk-free way to perform trading. The best part is the Demo account is free to access which you can switch to the main account in a matter of minutes.

Nadex Offers or Deals

The traders can get a ton of offers that Nadex is offering. For the new traders, it is good news that the company is offering free learning courses.

We have mentioned the Virtual Trading account already that Nadex is providing. You can learn to trade in a risk-free condition.

Moving on, the company does offer various forms of discounts on brokerage fees, and you can choose flexible plans too.

Even though the company doesn’t conduct any Forex Trading Contest or offers any Trading Bonus or Reward, there is an incredible Referral program that you can always reap benefits from.

Nadex Regulation or Licensing

Whichever company you choose to work with, you should ensure the regulation organization.

In today’s age, a regulatory institution plays the most crucial role that your hard-earned investments stay secured. Nadex is regulated by the US Commodity Futures Trading Commission (CFTC).

Find out Regulations & Licensing of more Forex Brokers

Nadex Features

The general working model of Nadex is very different from any conventional FX broker.

So, the usual features which are typically available in a modern-day broker are all missing here.

The likes of Trading Signals, Email Alerts, Guaranteed Stop Loss, Guaranteed Limit Orders, and Guaranteed Fills / Liquidity are all missing here.

Other essential features unavailable in Nadex are OCO Orders, Trailing SP / TP, Automated Trading, API Trading, VPS Services, Trading from Chart, Interest on Margin, Offers Hedging, and One-Click Trading. There is no Expert Advisor service available with Nadex as well. Now, the available features are Social Trading / Copy Trading and Educational Services.

Nadex Account Types

Take a look at the types of accounts that the company is offering:

Nadex is a unique forex trading company. The accounts that you can avail with them are pretty straightforward and less complicated. They are offering 2 kinds of accounts:

Individual account:

An Individual account is, what you can say, is the basic account for a Trader. To start trading with this kind of account, you need to deposit a minimum of $250.

The spreads are floating and there is a commission fee subject to the assets’ price. You will get a leverage of up to 1:40.

Business account:

A Business account is, well, an account for a business identity. For this kind of account, the minimum deposit to begin trading is $350.

The spreads can be as low as 0.8 pip, and the trading is commission-free. The leverage can go as high as 1:100.

Nadex Trading Account Features

Check below all the trading account features under various account types:

Nadex – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Nadex Benefits

Now we have a good idea of Nadex as a company. So, we can mention some of the benefits of the company:

• The first thing that makes Nadex way ahead of any FX broker is its zero-commission plan in Business accounts.
• The trading platforms are built with elite precision. It runs on almost every device with equal efficiency on all platforms.
• The UI and UX of all the trading platforms are user-friendly. You can quickly navigate around the app with relative ease.
• Nadex gives high priority to its educational modules. So, it makes the company one of the best for any new trader.
• The company offers flexible brokerage fees, and also provides many discounts on brokerages.
• There is a Demo account that you can use to learn trading at no financial risks.
• The support service is top-notch, which they provide via dedicated dealers. They also offer support services on weekends.

Nadex Cons or Drawbacks

No company is flawless. Let us discuss the cons of the company:

• The mode of payments and withdrawal options are limited, especially when the rival companies offer a ton more.
• Nadex is a dedicated FX exchange. Therefore, the company doesn’t offer a wide plethora of assets to choose from.
• There are no Forex Trading contests, bonuses, or rewards that you can win or participate in. It itself is not a drawback, but while the other companies provide these services, it makes sense that the company should avail.
• There is no dedicated Islamic account.
• There are no Research and Advisory services. This is a huge deal as many traders crave these services.
• The trading features are extremely limited.
• Nadex doesn’t provide chat support.
• There is not much variety when it comes to choosing the type of account in comparison to most FX brokers.

Nadex Trading Hours

Nadex is a US-based company. So, it is obvious that the company maintains US time.

The working hours are from 6 PM on Sundays to 4:15 PPM on Fridays when the market closes.

It follows Eastern Standard Time (EST). The working hours maintain a 23-hours’ time with just 1 hour of the recess between 5 PM to 6 PM EST.

Of course, the company is closed on the National holidays.

Nadex Customer Care or Contact Details

Nadex uses dedicated dealers to provide support services to its clients.

They also extend services on weekends. The company typically offers online trading services predominantly Forex.

Even though there is no 24×7 support service, the email support is pretty responsive.

It lacks support services in multiple languages, and there is no live chat support service either.

Here are the contact details to reach the support team:

• Physical Address: North American Derivatives Exchange, Inc., 200 West Jackson Blvd., Suite 1400, Chicago, IL 60606.
• Email Address: customerservice@nadex.com

Nadex Safety & Security

The company is regulated by the US Commodity Futures Trading Commission (CFTC). It is a trustworthy institution. So, you can make investments with peace of mind.

The trading platforms come with a 2-step verification process. So, when it comes to security, Nadex ensures you are safe to invest in.

Nadex Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Nadex Forex Trading – Conclusion or Verdict

People rated Nadex 8 out of 10 when it comes to the overall experience. The ratings suggest that the company is doing good with what it is doing.

Sure, it is unconventional when it comes to the way it works, but the clients are mostly happy with the services.

So, we place our bet on the ratings too.

Nadex Forex Trading FAQs

Here is the list of FAQs related to the Nadex forex trading:

Is Nadex Safe for Trading?

Nadex is a pretty secured company to place your bets on.

The security level is at the top, and it is regulated by the US Commodity Futures Trading Commission (CFTC).

So, yes. It is safe for trading online.

What is the Commission for Nadex?

If you open an Individual account, there is a commission fee that you need to pay. Now, that fee is subject to the kind of asset you choose.

As for the Business account, there is no commission fee.

How to Open a Trading Account with Nadex?

You need to go to the official website of Nadex. Then find the option to open an account.

You should see a form that you need to fill out correctly.

Then the agents of the company will contact you to complete your KYC verification. Then, you can log in to the trading platforms of your choice and begin trading.

Can I invest in Cryptocurrency with Nadex?

No. As of now, Nadex has not initiated any crypto assets for trading.

What leverage does Nadex provide?

If you open an Individual account, you will get up to 1:40 leverages, whereas, if you select the Business account, the leverages can be as high as 1:100.

Does Nadex have a trading app?

Yes, there is a Nadex trading app called NadexGO. It is available on both Android and iOS. You can get it from the respective app stores.

How to contact Nadex customer care?

You can use either one of the following ways to contact the Nadex support team:

• Physical Address: North American Derivatives Exchange, Inc., 200 West Jackson Blvd., Suite 1400, Chicago, IL 60606.
• Email Address: customerservice@nadex.com

Is Nadex Regulated?

Yes. It is being regulated by the US Commodity Futures Trading Commission (CFTC).

Is Nadex good for Beginners?

Nadex prioritizes beginners. There are several educational programs and tutorials allotted for the newbies of the industry.

There is even a Demo account that you can use to practice trading without spending a penny. So, yes, it can be an excellent choice for newcomers.

Who founded Nadex?

Nadex is an American company founded by Ian Peacock in 2004.

Open a Forex Trading Account Now! – Fill up the Form

Learn everything about Forex Trading