What is Nadex
Nadex is a leading binary options broker that offers its customers reliable solutions for trading in one of the most popular financial markets.
The platform functions as a stock exchange and receives its income only for a commission ($ 0.9 per transaction). In 2004, the company began operating under the brand name HedgeStreet, but since 2009 it has been changed to Nadex. Now the exchange gives access to trading with options, cryptocurrency, Forex, and others.
The company tries to provide the most comfortable conditions for trading, which is why the broker provides its traders with the NadexGO platform.
NadexGO is a trading platform that directly connects the user to the exchange. It will allow you to receive accurate prices and quick placement of orders.
Unfortunately, there are no analytical tools on the platform, so users who need analysis will need to use additional software. But still, nadex.com has various indicators and graphs. The terminal also provides trade-in assets such as:
- commodity raw materials
- stock indices
- forex currency pairs
Nadex provides comfortable conditions for cooperation with its traders so that it provides access to several types of accounts:
- Individual account
It can only be used by residents of the United States. For work, it is enough to fill out the necessary documentation and replenish a deposit in the amount of $ 250.
- Individual account (international)
It is available to participants from other countries, a list of which can be found on nadex.com. When applying, the client must download documents to confirm his name, date of birth and address. Further, all information is carefully checked, after which the trading account will be serviced in accordance with the standards of US residents.
- Business account
The account is aimed at trusting relationships, LLC partnerships and corporate accounts in the USA. To open an account, you must provide documentation confirming the status and ownership of the organization, as well as the fact that the company has the right to participate in the trade offered by Nadex. You must provide Nadex Membership Agreement, Unanimous Decision, Form W-9, valid ID for each signatory.
Is Nadex Safe?
A license, ease of use, good trading conditions and customer support, a broker’s information site and much more – all this makes trading on the platform more productive.
Access to the binary market in the United States is available to organizations that have access to the regulated CFTC exchange. In turn, Nadex meets all of these internal standards. In its activities, the company adheres to the following standards:
customer funds are kept in separate accounts
the platform works only as an intermediary and does not participate in tenders
collaborates with leading banks (Fifth Third, BMO Harris)
earns only on commission deductions
Nadex has a positive market reputation and many different opportunities for profitable asset trading. The exchange has a license with the right to provide services in the field of financial markets.
In reviews of the company, users highlight such a disadvantage as a limited number of ways of depositing and withdrawing funds. But in general, traders are satisfied with the work of Nadex.