nadex Review 2020

nadex Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

nadex Guide

nadex are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

nadex are a global broker and have a head office in USA.

nadex have a listed stock symbol. This means that nadex have publically listed and you can officially buy shares in nadex on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of nadex we break down the pros and cons. What nadex are able to offer, what countries nadex are available in. Who nadex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with nadex

Open nadex's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to nadex

With this review we hope to help you see if nadex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding nadex that will help you get off to a good start in the world of online trading.

nadex Review Table of Contents

nadex what you should know

nadex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With nadex you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with nadex platform.

nadex are able to accommodate various levels of traders whether you are experienced or a beginner.


Are nadex safe?

When choosing a broker like nadex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years nadex have a head office in USA.

nadex is regulated. This means nadex are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to nadex, this will be honored. If nadex violate any regulatory rules their regulated status could be stripped.

Any payments funded to nadex accounts by traders are held in a segregated bank account.

For added security nadex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with nadex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit nadex

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker nadex eToro XTB Trading212
Year Established 2008 2006 2002 2006
Head Office USA Cyprus, UK Poland UK
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit nadex Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

nadex Pros and Cons

What we like about nadex

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Unregulated
  • Min. deposit from $250

What we don't like about nadex

nadex Financial Regulation and Supervision in more detail

nadex are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like nadex that are not regulated yet appear to be legitimate.

nadex maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with nadex you are not guarenteed help in a difficult situation.

  • Unregulated

nadex General Fees

  • nadex withdrawal fees varies on payment method
  • nadex does charge inactivity fees
  • nadex does charge deposit fees
Broker nadex eToro XTB Trading212
Min Deposit 250 200 0 1
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

nadex Commissions

  • nadex does charge commission on CFD instruments.

What can you trade with nadex?

You can trade a wide variety of instruments with nadex over 272 instruments infact.

If you are looking at trading currency pairs nadex offer over currency pairs.

Compare nadex with eToro and XTB below.

Your capital is at risk

Broker nadex eToro XTB Trading212
Instruments Available 272 100 1,500 3000
Platforms Web,iPad,mac,Desktop,iPhoneiOS Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit nadex Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit nadex Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit nadex Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on nadex web platforms and other applications

nadex offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An nadex IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

nadex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See nadex's platforms

nadex Trading benefits :

  • Low min deposit

nadex Trading Accounts Offered :

  • Standard account
  • Islamic account

Can I try nadex before I buy?

nadex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

nadex withdrawl and funding methods.

nadex offer the below funding payment methods. learn more about nadex

  • Credit cards
  • Skrill
  • Neteller
Broker nadex eToro XTB Trading212
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes No
Neteller Yes Yes Yes No

How can I start trading with nadex?

When opening a trading account with nadex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on nadex trading platforms here.

Performing trades with nadex

nadex allow you to execute a minimum of trade of . This may vary depending on the account you open. nadex allow you to execute a maxium trade of .

As a market maker, nadex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

nadex Leverage and nadex CFDs Explained

let's take a look at some of the basics of using nadex leverage.

nadex offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

nadex leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the nadex trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The nadex leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

nadex CFDs are typically used for short to medium term trades. For example nadex intraday trading.

Education resources at nadex

To trade effectively with nadex, it's important to get a have a good understanding of the nadex trading tools and the markets.

nadex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with nadex.

Take time to look around the nadex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at nadex

nadex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

nadex have a D grade support rating because because sometimes the response was slow or our query wasnt answered. nadex less customer support features compared to other brokers like live chat, phone and email support.

Livechat Support at nadex

nadex does not offer LiveChat Support.

Email Support at nadex

nadex does not offer Email Support.

Phone Support at nadex

nadex does not offer Phone Support.

See how nadex Support Compares Against Other Brokers

Broker nadex eToro XTB Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit nadex Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with nadex

As nadex is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore nadex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with nadex you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://nadex.com on 12th August 2018.

Is nadex A Good Broker?

We spent over 3 months examining nadex in depth. Although we found some very useful aspects of the nadex platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative nadex broker.

  • nadex have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • nadex has a history of over 12 years.
  • nadex has a reasonable sized customer support of at least 10.
  • nadex are regulated by Unregulated. This means nadex fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • nadex have regulation from a Tier 1 reputable country.
  • nadex has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • nadex have an international presence in multiple countries. This includes local nadex seminars and training.
  • nadex are able to hire people from various locations in the world who can better communicate in your local language.

nadex Risk Disclaimer

Your capital is at risk

nadex not quite right?

Check out these nadex Alternatives

We have spent years researching the best alternatives to nadex. Click the links below to learn more.

If you feel some of the above nadex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of nadex alternatives below.

Related nadex Comparisons

If you would like to see how nadex stands up against other brokers you can read some of our nadex comparisons below. We compare side by side some of our top rated nadex versus comparisons. Read some indepth nadex VS pages below.

NADEX Frequently Asked Questions

Can I try nadex before I buy?

nadex do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do nadex accept?

nadex offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is nadex safe?

While nadex may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to nadex accounts by traders are held in a segregated bank account. For added security nadex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is nadex trading good?

While nadex may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.nadex is used by over nadex active traders. nadex offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with nadex is mindeposit.

Is nadex trading Legit?

nadex was founded in USA in 2008. nadex has been facilitating trade on the financial markets for over 12 years. nadex offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to nadex are held in segregated tier 1 bank accounts for security. nadex is not regulated. Although this doesnt mean nadex are awful, we recommend trading with regulated brokers.

Is nadex a good broker?

nadex is not regulated by a top tier financial regulator. While many traders may still find trading with nadex useful, we recommend only trading with a broker that has regulation.nadex allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is nadex trustworthy broker?

While having many plus points because nadex is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for nadex?

The minimum deposit to trade with nadex is 250.

How long do nadex withdrawals take?

Withdrawing money from nadex processing time varies but averages 2-5 days.

Is nadex regulated?

nadex is not regulated by a top tier financial regulator.

Is nadex a market maker?

nadex is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with nadex?

When opening a trading account with nadex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on nadex trading platforms here.

Is my money safe with nadex?

nadex is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like nadex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to nadex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is nadex a con?

While we would noy say that nadex is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with nadex?

Although traders have had great success with nadex. Trading on the financial markets with nadex is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does nadex have fees?

nadex withdrawal fees varies on payment method. nadex does charge inactivity fees. nadex does charge deposit fees.

When was nadex founded?

nadex was founded in 2008.

How many people use nadex?

nadex is used by over 10000 registered traders.

What is nadex Headquarters country?

nadex has its head quarters office in USA.

Does nadex offer negative balance protection?

nadex does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does nadex offer guaranteed stop loss?

nadex does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does nadex allow scalping?

nadex does not offer scalping.

Does nadex allow hedging?

nadex does not offer hedging.

Does nadex offer CFD trading?

nadex offers CFD trading.

Does nadex offer STP?

nadex does not offer STP trading.

How many people use nadex?

nadex is used by over 10000 traders.

Is nadex an ECN broker?

nadex does not offer ECN trading.

Does nadex offer a demo account?

nadex does not offer demo account.

Does nadex offer an Islamic account?

nadex offers a Islamic accounts.

What are the funding methods for nadex?

nadex accept the following funding methods : Credit cards, Skrill, Neteller,

nadex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the nadex brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

nadex review written by Mark Hansen of Comparebrokers.co