Nadex Software Review; Is Nadex Scam Exchange or a Regulated Exchange!!
Nadex Review; Is Nadex Scam; In this review we will look and assess the trading provider also referred to as North American Derivative Exchange. Nadex is one of the only CFTC regulated binary options exchanges. Nadex has regulated competitors including the CBOT, New York Stock Exchange, and Cantor Exchange trading entity provider that is legal in the US. Is it the best alternative to scam binary options brokers in the United States? Read this important Nadex review on the one of the only CFTC Regulated, Nadex.com trading platform before you invest a dollar with any binary options related website!
Is Nadex Scam? Or is the North American Derivatives Exchanges, known simply as Nadex, a top choice for binary options trading. The site as it stands is currently one of the only Binary Options Exchanges that is fully regulated in the United States’ and is subject to oversight from the CFTC, the Commodity Futures Trading Commission.
In 2016 we’re seeing tremendous growth in the demand for short-term trading in the USA. Unfortunately with the closure of Spot Option Technology, even the best-unregulated brokers are starting to not accept U.S. traders. Since that is the case, Most U.S. traders are trading with CFTC regulated binary options exchanges which includes Nadex.
It’s possible that some of you who already have experience in the field, fell into the hands of one of these off-shore, non-regulated scam sites. Is Nadex scam like the rest? It really doesn’t matter how much money you make, if your funds are trapped with a shady off-shore entity , the protection for residents against unregulated CFTC offshore brokers simply does not exist if things go wrong.
NADEX Review; Detailed Facts!!
In this part whilst conducting the Nadex Software review will look at the cornerstone of this company of what makes it what it is today. In short for North American Derivatives Exchanges is US based is part of IG Group, which is a global financial services provider. The fact that it is the first and largest CFTC-Regulated Binary Options Broker makes it a very secure channel for trading binary options especially for US Traders.
There are dozens of different trading assets available on the Exchange’s platform, from various worldwide stock indices to currency exchange pairs to top commodities for the retail trader to choose from. There is plenty of helpful information on Nadex’s site to help you jump right into binary options trading. In addition to a long list of indices for when you’re ready to invest, Nadex software review is there to help you even before the trading begins.
Additionally, the site offers a very extensive of array of educational tools such as webinars, handbooks (including one about the site itself) and videos.
Nadex Software Review Trading and Payouts
Nadex App offers various different trading platforms. Nadex offers a demo, and live trading account. These are both accessible via desktop and mobile apps
Nadex Software Review Summary and Quick Facts:
- Nadex is one of the only CFTC regulated binary options exchanges in the US.
- Minimum Deposit is only $250 with Nadex.com. Demos are available upon request.
- One of the only legal ways to trade binary options in the United States
- Free Education, Market Spikes built-in feature and More.
- All clients funds are in local United States, Segregated Bank Accounts!
- US Physical location: North American Derivatives Exchange, Inc. 311 South Wacker Drive Suite 2675 Chicago, IL 60606 (or would you rather trade with an Isle of Man broker instead?)
- Real phone number: US Toll Free: 1 877 776 2339
The trader gets a “Ticket” when trading and this shows the bid and the offer size and price as well as the time of expiration. The Maximum amount of profit or loss per trade are clear on the ticket and once the ticket is raised the trader has the option to buy or sell. However a Trader does not see the percentage pay out as is usual on classic platforms of SpotOption.
There is no software to download as Nadex trading is performed entirely on your browser. The demo account is the first step in order to get a handle of trading with the exchange, and then using the extensive education programs, a trader can move on to the Nadex trader. There are no fees for trading with Nadax, except for the fees involved in performing each trade. The site offers very extensive video and text explanations about all payments and steps involved in trading with Nadex.
Nadex Software Review Commissions, Customer Service & Return Rates
There are fees that you will have to pay if you trade binary options with the Derivatives Exchange . “$1 per contract (capped at $50), and $1 settlement fee (if your trade was in the money).” Whilst conducting this Nadex Review, we noticed there are also withdrawal fees: wire transfer and returned cheques cost $25.
This exchange offers you top quality customer service via phone and email or fax or call back. Each question and query is handled individually. Therefore, every time a trader contacts this company, they can contact the customer service team to solve their problems. Our Nadex Review also noted some important timings. The organisation is open for trading from 6:00pm ET Sunday through 4:15pm ET Friday, excluding end-of-day processing hours which occur from 5pm to 6pm ET, Monday through Thursday. Customer Service is available during all regular trading session hours. The Exchange is closed on most U.S. holidays.
There are many additional features we saw when conduction this Nadex review. On the North Amerian Derivatives Exchange website, which is one of its best qualities. These are the Rules, Notices, Hours & Holidays, Daily Bulletin, Fees and results tabs, which are accessible from the bottom of the homepage – great tools for Nadax traders.Under the Binary Options tab, you can view explanations of How to Trade Binary Options, Binary Contracts, Gold Binary Contracts and Forex Binary Options. These are just a few of many additional features as shown on Nadax.
Nadex Review Deposits and Withdrawals
As North Amerian Derivatives Exchange is officially regulated within the U.S., the depositing and withdrawal methods are slightly different for U.S. residents and those outside the country. For U.S. traders:
- Automated Clearing House (ACH) network bank transfer
- Wire transfer
- Paper check
Withdrawals for American traders can be performed using all of the above methods, excluding a paper check. Paper checks can take several business days to clear the funds. Non-U.S. traders options include:
- Debit card
- Wire transfer
Conclusion – Is Nadex Scam?
When conducting this Nadex review we looked to analyse if this exchange is probably the safest and best option available to US residents. In truth it probably is. Once a trader gets around to navigate the platform, and this can easily be done with the assistance of their customer service, use of DEMO ACCOUNT and their online manual, this exchange becomes the best option in terms of reliability for the trader. There is no conflict of interest with Nadex. Their execution is flawless. Charges are announced ahead prior to the trade transaction and there is no sudden price changes or price rigging. Expect only transparency from the exchange. Open you Nadex account now and experience trading on a different scale.
If you are interested to trade binary options anywhere outside the USA, your best option is to sign-up with a reputable, EU regulated broker and Topoption.com is a great choice! They are also an example for a broker that has respect for the CFTC regulations as they do not offer any access to US residents, knowing that it’s illegal! Topoption is one of the safest alternatives to the Nadex platform if you are outside USA, visit Binary Umpire’s Topoption Review for more information. Binaryumpire.com is secured website via https:// SSL encrypted protocol and Scam-free guaranteed by Site Lock daily scams! Clicking to any of the content available in this website is totally RISK-FREE! To get started with the Nadex exchange, check out them out and set up your free account today.