Nadex Exchange – US Regulated Broker

Nadex
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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.

 

Nadex

 

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

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.

 

EURUSD_Chart

 

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.

 

nadex-newway

 

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.

 

US Binary Options Brokers – Myth or Reality?

mount-rushmore
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US Binary Options Brokers – Myth or Reality?

Binary options trading is extremely popular in the United States.  Most of the binary option trading started in the US before attempts were made to regulate the industry.  While traders themselves are allowed to register at any binary options broker, unregulated and offshore binary options brokers are not legally allowed to solicit US traders to trade binary options. For a broker to offer services in the US it would have to seek CFTC approval before doing so.

There are basically two types of online trading brokers in the US.

  • Offshore brokers that are licensed  by the EU and follow the safety standards imposed by the laws of the United States.
  • Binary options brokers located in USA.

Mount Rushmore US Binary Options Brokers

 

Offshore-licensed brokers

Most brokers operate outside the US jurisdiction.  In most cases, these brokers are licensed in a European Union member state and most probably registered by a registered body in the EU such as CySEC.

Most European brokers also offer much better services than genuine US binary options brokers due to the intense competition from rival industries within the EU as opposed to those that are domiciled in the US which doesn’t operate in such intensity.

It is against the law for an off shore broker to falsify its regulatory authoritative operational status within the US without having gone through the proper channels. Banc De Binary  was one such broker which was busted because it lied about having a USA license and an office in the United States. While it seems that the CFTC is tolerating some offshore brokers that do not actively advertise in the US, such tolerance as seen by Banc De Binary was clearly constituted as gross misconduct.

 

Brokers that are located in the US

As far as true US binary options brokers — as in actually based in the US — there is only one real choice for traders, NADEX.  NADEX binary options trading has very little in common with the kind of binary options trading which we’re all used to.

It actually has more in common with trading traditional “vanilla” options contract trading than it does “normal” binary options trading.

The Features of a Nadex System include

-Legal for US Residents
-CFTC Regulated
-$0.90/contract with a $9.00 max fee per order.
-Low Collateral.  Can Initiate trading with a minimum deposit of $100

We think that this kind of trading will probably only appeal to highly experienced and professional traders. However, there is a completely free NADEX demo account you can get access to, and there is also a lot of information over there so you may want to check it out, if just for fun or out of curiosity.

It’s however expected that in the near future the US would implement a new set of laws and regulation that would enable the CFTC to award much more licenses to both domestic and offshore companies. This will help to improve not only the competition on a local level but a global level as well.  

 

US Regulated Binary Options Brokers

 

Unfortunately there is no real option outside Nadex at this present time. Those that do operate in the US do so under the radar.  Our article Is Binary Options Legal in the US? highlights the plight of the binary option world in the US world.

 

Much of the recent rush to find a reliable broker that accepts US traders is due Spotoption’s latest move, as they are now in the process of obtaining regulations by the CFTC and temporarily will not accept any USA Residents as of September of 2015. This includes CherryTrade.com, Porter Finance.com and many popular brokers which are no longer available in the United States. Traders will not be able to re-deposit money into their accounts but if you have money in your Spotoption.com trading account, you can withdraw it or continue trading.

 

At this point we are are not yet aware of the situation with GT Options or Bloombex which did offer some services to USA Clients.

 

GTOptions Review in Detail

  • Special Features: Classic Option, 60 Seconds, One Touch, Long Term, Pair and Follow Me
  • Deposit Requirements: $250 – Unlimited
  • Trading Account Types: Mini, Standard, Executive, Gold and Platinum
  • Types of Assets: Commodities, Stocks, Currency Pairs, and Indices
  • Resources: Educational Video Library,  and Market Reviews
  • Mobile Trading: Yes
  • US Clients Accepted: For Now
  • Minimum Withdraw Amount: $100.00

GTOptions-Trade-Setup

 

Bloombex Options Review in Detail

 

Bloombex has remained basically “under the radar” up to now though. We accidentally came across their website while browsing brokers, it caught our interest with its polished look.

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Bloombex Website: http://www.bloombex-options.com/
Officially Launched: Late 2010
Accepts US Traders: For Now
Minimum Deposit: $250
Minimum Deposit: $100
Minimum Trade Size: $20
Return Rates: Up To 85% Standard, 500% One-Touch, 10% OTM Refunds
Account Currency: USD, EUR, GBP, AUD
Deposit Bonus: 100% On ALL Accounts! (only known broker to do this)
Demo Account: No Bloombex Options Demo Account Available

bloombex-binary-options468x60

 

 

If you have any experience to share regarding your experience with a US binary options broker or have any questions regarding any offer you are considering, please don’t hesitate to let us know and we will be happy to give you our review on the broker

 

Be warned that many channels are going to continue and promote binary options brokers for US traders, knowing that it’s illegal. If one choose to sign up to an unregulated broker who operates in the US water he or she chooses to do this under their own risk

 

USA REGULATORY WARNING: It is against the law to solicit U.S. persons to buy and sell commodity options, even if they are called ‘prediction’ contracts, unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt. Offshore binary options brokers are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).