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Trading platforms are software tools that enable investors and traders to place a trade and manage market positions through an online broker.

Nadex is an exchange, not a broker that offers an exceptional online platform for traders to make money.

In this article, we will discuss Nadex, known as the North American Derivatives Exchange – its features, how to set up an account with this exchange, the advantages of the Nadex trading platform, and much more.

This article will be very useful for new traders, who want to associate with Nadex.

About Nadex Trading Platform

Nadex, also known as the North American Derivatives Exchange specializes in short-term binary options and spreads.

Nadex Trading PlatformFounded in 2004, Nadex is a Chicago-based financial exchange that is regulated by the Commodity Futures Trading Commission (CFTC).

It offers Binaries and spreads on more than 5,000contracts that cover a range of forex pairs, commodities, stock indices, and Bitcoin as well.

It allows its clients to bet on macroeconomic events such as the Fed funds rate, weekly jobless claims, and non-farm payroll.

The US residents and international members are legally allowed to trade on Binaries and spread at Nadex Platform.

Nadex offers a wide selection of binary options and spreads with low fees and minimum deposits. But the trading tools are limited.

It provides mainly two types of trading account- Standard trading account for binary options, call spreads, and knock-outs and other one is a Business account for international clients.

A Free Demo Account is also available in virtual cash.

The fee and commission structure of Nadex’s trading accounts is quite simple. Nadex attracts active traders who are interested in day trading.

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    Nadex Trading Platform – Top Features

    Nadex is not a brokerage but an exchange matching contract buyers and sellers and it sets the best possible trade parameters for both the client and the firm.

    At Nadex the traders can experience real-time market action with short-term binary options trading.

    • Nadex offers three different types of trading instruments such as binary options, knockouts, and call spreads. It is a prime platform for day trading with limited risk but offers unlimited market access.
    • It offers clear, simple order tickets. As the binary options and spreads have risk management built-in, the day traders get prospects in unpredictable markets with limited risk. The trader can always acknowledge the maximum possible profit and loss while trading
    • The broker offers customizable charts that are within-built technical indicators and drawing tools. The traders can customize them according to their requirements with various customization options available.
    • Nadex web trading platform is innovative trading set for any device allowing the traders to respond according to the market movements to keep up the pace.
    • The main feature of Nadex is that it offers no pattern day trade rule. The traders can choose to get into and out of trades as they please.
    • Nadex online trading platform is designed for short-term trading by traders. The traders can easily guide themselves between contracts, orders, and open positions along with a history tab that will show 24 hours order history.
    • The traders can fund accounts easily on this platform. There are different funding options available for US and non-US residents. It offers trouble-free withdrawals as well.
    • Nadex provides tutorials through webinars for its clients. They can learn how to execute a trade and manage a position on the Nadex platform.

    How to set up a Nadex Trading Terminal?

    Nadex offers a simple process for account setup and its operations.

    Here, in this section, we will share the entire process in detail to help you set up your trading account with ease and start trading as quickly as possible.

    The steps to set up the Nadex trading platform are –

    Firstly, visit the website of Nadex and on the first page, you will see two options for opening the trading account- “open my account” and “start a free demo account”.

    Choose the option “open my account” and there will be a 5 steps process for setting up the trading account.

    In the first step, you have to fill a short form including your basic details such as your name, last name, suffix, M.I, email id, etc with accuracy and submit it to proceed further to the next step.

    In the second step, you have to fill a more elaborate application with all the basic details. Make sure each of the information is filled inaccurately.

    The third step is the verification round.

    It is one of the crucial steps as in this step, the broker asks the user to show their important personal documents such as Government ID, passport, PAN card, bank statements, residential proof, etc.

    Now, you can choose your preferred account and payment mode and features and fund your account.

    After following all the steps, the broker will approve your account within 2 to 3 working days and send you a formal letter on your email along with log-in credentials.

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    How to Own Nadex Web Trading Platform?

    Nadex trading platform is available on all devices including iOS, Android, Windows PC, and web browser.

    To own the Nadex trading terminal, visit the app store of the particular device’s app store. For example- visit Google play store for Android or visit Apple’s app store for iOS devices.

    Search for the Nadex trading app and click on the download button.

    The download is available for free and there are no charges imposed for downloading the Nadex trading terminal on any device.

    Once you start downloading, the Nadex trading terminal will be downloaded to your device in a few seconds.

    After the download is complete, install the Nadex trading terminal by agreeing to terms and conditions and users’ agreement.

    Now you can use the trading terminal on your device by registering and logging in with the logging credentials that the broker has provided you in your email.

    You can also own the Nadex free demo account the same way you own the professional Nadex trading terminal.

    The demo account is designed exclusively for beginners or professional traders who are new to the Nadex trading platform.

    With a demo account, you can trade on the real forex market with virtual money without involving your real funds in any risk.

    Advantages of Nadex MetaTrader 5

    Nadex MetaTrader 5 is an online trading platform that offers advanced trading accounts to its users.

    The platform provides different features, instruments with diverse fee set-up trading accounts to cater trading and financial needs of its clients.

    • It is an excellent trading platform for short-term traders. It best suits traders who have an interest in day trading.
    • Risk is limited at the Nadex trading platform but the market access is not.
    • Nadex offers a wide range of binary options and spreads. It charges a low fee with minimum deposits.
    • Opening an account with Nadex is free. It provides two standard individual account types with a straightforward set-up of commission and fees.
    • Nadex is fully regulated by the CFTC exchange, where the traders can trade on binaries and spread on stock indices, forex markets, commodities, and cryptocurrency.
    • It offers powerful charts for its customers which they can modify according to their desire.
    • Nadex allows its clients to trade from any device – desktop or laptop and even from your mobile.

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    Nadex Trading Platform – Conclusion

    In the final words, the Nadex trading terminal can be concluded as one of the nominal trading platforms that offer advanced and superior trading services to its users with the assurance of complete safety and security of their funds and trading account.

    Nadex online trading terminal has received many positive reviews and responses online and has got a four-star rating.

    It also offers educational services to its users to help them understand the trading skills better and also provides a free demo account to let the new traders implement their trading strategies better on the live forex market with virtual money where there no financial risk is involved on part of the user.

    The traders, who are looking to opt for a trustworthy trading platform, can opt for Nadex.

    Nadex Trading Platform FAQs

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

    What is the Nadex Trading Platform called?

    Nadex trading platform stands for Northern American Derivatives Exchange. It is an online binary options exchange based in the US.

    Nadex offers spreads and binary options on commodities, forex, and stock markets.

    Does Nadex provide Web Trading?

    Yes, Nadex provides web trading via a proprietary single web page desktop experience.

    You can use Nadex web trading on your personal computer or MAC with an internet connection and modern web browser.

    Nadex also provides a free demo account to first try it for free and then make the investment.

    Is Nadex Trading Platform Free to use?

    Nadex trading platform implies some specific trading charges on its trading services.

    However, it also provides a free demo account for the users to use the account for free and experience trading in the real forex market with virtual money.

    All the charges applicable for operating the Nadex trading account are transparent and presented at the time of registration.

    How to download Nadex Trading Terminal?

    Nadex trading terminal is available on all the latest devices including iOS, Android, and Windows PC. It is also available on a web browser.

    Downloading the Nadex trading terminal is very easy, simply visit the app store of the particular device’s app store.

    For example- visit Google play store for Android or visit Apple’s app store for iOS devices.

    Search for the Nadex trading app and click on the download button.

    In a few minutes, the Nadex trading terminal will be downloaded to your device. Install it by agreeing to terms and conditions.

    What features does the Nadex Online Trading Platform have?

    Nadex’s online trading platform offers various features including Educational services, social trading, copy trading, powerful charting, easy navigation, clear and simple order tickets, easy funding and withdrawals, trading on four different markets such as stock indices, commodities, forex, and events using limited risk contracts.

    Can I trade in Shares via the Nadex Trading Platform?

    Nadex trading platform does not offer trading in shares.

    Is Nadex Trading Terminal good?

    Nadex is a regulated trading terminal that adheres to the rules and regulations of CFTC and thus ensures the overall safety and security of the account holders and their funds.

    Can the Nadex Web Trading Platform be used without EKYC?

    EKYC is an important aspect that has to be performed at the time of registration. The users have to go through the EKYC process while registering.

    Only after completing EKYC, the user is eligible to employ the trading services Of the Nadex trading terminal.

    Does Nadex Trading Platform provide Tips?

    No, the Nadex trading platform does not provide Tips.

    How to Buy Currencies via Nadex Web Trading Platform?

    To buy the currencies via the Nadex web trading platform, simply decide on the preferred currency, choose the volume of the currency, and click on the buy option to execute the trading.

    Get Free Access to Platform – Open a Forex Account Now!

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