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Nadex Forex Broker provides real users with * positive reviews, 3 neutral reviews and 2 exposure review!

Nadex Broker Review

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Nadex Review 5

Latest All(5) Neutral(3) Exposure(2)
Neutral
Nadex: 23-Hour Trading, Daily Maintenance Break 5-6pm

When I opened my account, I found that Nadex offered only two types of accounts. Nadex offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance. Nadex offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance.

Wymans
2024-07-04
Exposure
NADEX VIRTUAL EXCHANGE, FRAUD OF ASSETS

On March 8, I received an invitation to join Nadex with a capital of 300k. They lured the chickens by backing 5 orders up to 750k and guaranteed to withdraw 400k (receiving 384k for the reason of losing 4% floor fee). After that, I was able to join the group, following orders at 2 time frames: 13:00 and 19:30. Every day +540k profit. After 3 days my profit is 1740k. They lure by offering investment packages with huge profits, the group members' nicknames are fake, a few people pretend to invest and take fake bills, then 2 hours later they report success and receive recognition. For large amounts of money, there is also a receipt transaction bill. People in the group pretended to congratulate me in this and that way. After that, I completely believed it for the reason that there was a woman in the group. I proactively sent messages to ask questions and provide evidence to prove that she was raising chickens. She also expressed doubts, then finally told me that She doesn't trust her anymore, if she doesn't believe in her then she won't believe in her, and I believe it when she joins the 100 million package and gets a huge profit of 2 billion. She went out and recorded a video crying and thanking everyone. Even more extreme is that they pushed me out of the group with the excuse of supporting other members in the investment package. They lured me by suggesting that the company supported investment capital, I only had to deposit 5 million, the number The remaining company supported, and 1 member of the group won 12 billion, leaving 200 million for members who want to join the investment package. And I trusted you to deposit 5 million. And can trade with an investment package of 30 million. After 15 minutes of placing the order, the amount increased to 150 million, they asked me to stop to read the notice and 2 minutes later they informed me that the company required that after the transaction was completed, I had to return 15 million to the supporting company before I could withdraw my profit. I bet 15 million more. Then ended the transaction with the amount of 364 million. They told me to contact customer service to withdraw money. Since then I've had trouble with all the extra fees. They told me I exceeded the profit amount of 360 million and forced me to pay 3,039,991 before I could withdraw the money. I continue to close. Then they told me that the quick disbursement fee would cost 8% of the total profit, so I told them to wait. The next day he told me to pay personal income tax 15,124 million. I stopped paying, and then someone called to ask me to support half of it, and I lost another 5.5 million. Total loss 28.5 million.

Hanhvu
2024-03-16
Exposure
Nadex cheats methodically

I was invited to this Nadex floor on March 8. Initially, they lured me to deposit 300k, the first withdrawal was 380k, then they put me in the group, there were 114 people. Then issue trading orders twice a day at 13:00 and 19:30. Each transaction gets 270k. To request a second withdrawal, the amount must be 3.8 million to withdraw a second time. After that, members continuously invested in higher packages, and all successfully withdrew a large amount of money according to the investment amount. and stated profits. They cheated very well by posting videos of participating members receiving huge amounts of money, being very emotional and crying, and making other people believe, including themselves. Then the person claiming to be a teacher texted me asking about the investment package and the company's support. I deposited 5 million in capital and was able to trade with 30 million in capital. Successful 20p order transaction with a profit of 360 million, with a requirement to pay 15 million of the amount supported by the company before being able to withdraw money. and told me to contact customer service to withdraw money. And in the end, whatever happened happened, I was cheated of 23 million. For many reasons, the last reason is asking me to pay taxes in the amount of 15 million 124 thousand. I said I didn't have any more money, they told me to report to CTY and cancel my withdrawal transaction. Please help me get my 23 million back. Borrowing money is very miserable

Hanhvu
2024-03-14
Neutral

My withdrawal through my credit card was not smooth. Two weeks passed, I still haven’t received my money. My account manager asked me wait and wait…

FX1287201128
2023-02-24
Neutral

I tried a free demo Nadex account for a while. Trading is just like a box of chocolates, never knowing which trade can succeed and therefore taste better than others.

范志华
2023-02-15

  

Nadex 2025 Review: Everything You Need to Know

  Nadex, the North American Derivatives Exchange, has established itself as a prominent player in the binary options trading landscape. This review synthesizes various sources to provide an in-depth analysis of Nadex's offerings, user experiences, and expert opinions. Overall, Nadex is praised for its regulatory compliance and educational resources, although it faces criticism for its limited asset selection and the complexity of its trading instruments.

  Note: Its important to recognize that Nadex operates under different regulatory frameworks depending on the user's location, which can affect the trading experience. This review aims to provide a fair and accurate assessment based on multiple sources.

  

Ratings Overview

Category Rating (Out of 10)
Account Conditions 7.5
Tools and Resources 8.0
Customer Service and Support 7.0
Trading Experience 8.5
Trustworthiness 9.0
User Experience 7.5
Additional Features 6.5

  How We Rate Brokers: Our rating methodology involves a comprehensive analysis of various factors, including regulation, trading conditions, customer support, and educational resources.

  

Broker Overview

  Founded in 2004, Nadex was initially known as Hedge Street before its acquisition by IG Group in 2009. It operates as a regulated exchange under the oversight of the Commodity Futures Trading Commission (CFTC), ensuring a transparent trading environment. Nadex offers a proprietary trading platform that supports binary options, call spreads, and knock-outs across various asset classes, including forex, commodities, and stock indices.

  

Detailed Sections

  

Regulated Geographies

  Nadex is primarily available to traders in the United States, adhering to strict regulations set forth by the CFTC. This regulatory framework ensures that Nadex operates with integrity and protects traders' funds by keeping them in segregated accounts.

  

Deposit/Withdrawal Currencies

  Nadex supports deposits and withdrawals in USD, with options for ACH transfers, debit cards, and wire transfers. Notably, there are no fees for ACH deposits, while wire withdrawals incur a fee of $25.

  

Minimum Deposit

  The minimum deposit requirement at Nadex is $250, which is competitive compared to other brokers. This lower barrier to entry is appealing to new traders looking to start with limited capital.

  

Bonuses/Promotions

  Nadex does not offer traditional bonuses or promotions, adhering to regulatory guidelines. However, they provide a demo account with a simulated balance of $25,000, allowing traders to practice without risking real funds.

  

Tradable Asset Classes

  Nadex allows trading in various asset classes, including:

  • Forex: Limited to 11 currency pairs.
  • Commodities: Including gold, silver, and oil.
  • Indices: Major US stock indices like the S&P 500 and NASDAQ.
  • Economic Events: Traders can speculate on macroeconomic indicators.

  

Costs (Spreads, Fees, Commissions)

  Nadex employs a transparent fee structure, charging $1 per contract for entering or exiting trades. This fee is capped at $50 per order, which is considered low compared to industry standards. Additionally, there are no hidden fees, and contracts that expire out of the money incur no additional costs.

  

Leverage

  Nadex does not offer traditional leverage; instead, it focuses on fully collateralized trading. This means that traders must maintain sufficient funds in their accounts to cover the maximum risk of their trades, eliminating the risk of margin calls.

  

Allowed Trading Platforms

  Nadex operates through a proprietary web-based platform and the mobile app "Nadex Go," which offers a seamless trading experience. However, the mobile app has been criticized for lacking some features found on the desktop platform.

  

Restricted Regions

  Nadex is only available to traders in the United States, which limits its accessibility compared to other platforms that cater to international clients.

  

Available Customer Support Languages

  Nadex primarily offers customer support in English, with service available via email and phone. However, there is no live chat option, which some users find inconvenient.

  

Ratings Recap

Category Rating (Out of 10)
Account Conditions 7.5
Tools and Resources 8.0
Customer Service and Support 7.0
Trading Experience 8.5
Trustworthiness 9.0
User Experience 7.5
Additional Features 6.5

  

Detailed Breakdown

  • Account Conditions: The minimum deposit of $250 is appealing, but the limited asset selection may deter some traders.
  • Tools and Resources: The educational resources are extensive, with webinars and tutorials available to help traders understand binary options and spreads.
  • Customer Service and Support: While customer service is generally responsive, the absence of live chat support is a drawback.
  • Trading Experience: The platform is user-friendly, but some users report a learning curve, especially for new traders unfamiliar with binary options.
  • Trustworthiness: As a CFTC-regulated exchange, Nadex is considered a safe and legitimate platform, with customer funds held in segregated accounts.
  • User Experience: Overall, users report a positive experience, although some technical issues have been noted.
  • Additional Features: The lack of a dedicated mobile app is a downside, as traders may prefer the convenience of a fully functional app.

  In conclusion, Nadex presents a solid option for traders interested in binary options and spreads within a regulated environment. While it has its limitations, such as a restricted asset selection and a lack of a dedicated mobile app, its educational resources and transparent fee structure make it a viable choice for both new and experienced traders.