Nadex is a CFTC regulated binary options exchange. Nadex.com is owned by the North American Derivatives Exchange, Inc., which is located at 311 South Wacker Drive, Suite 2675, Chicago, IL 60606. Their email address is [email protected].
Their phone number is toll free (877) 776-2339. Customer service is available 24 hours a day from Sunday evening at 6pm, until Friday afternoon at 4:15pm.
Broker Quick Facts
|Broker Type:||Binary Options Exchange|
|Commissions:||$1 per Contract|
Nadex is different from any binary options broker you have seen before. The binary options available for trading on Nadex are priced differently than the European brokers you may have reviewed before.
The returns on a binary option at Nadex are up to 100%. Each binary option has a purchase price of $1 – $100. Look at the screenshot below, and you will see how the bid/ask prices are displayed.
In the picture above the Euro is trading at 1.1272.
I can buy the 1.1280 option (out of the money) for $49.25, and it will go up to $100 if the Euro moves about 1.1280, giving me a profit of 101%.
I can buy the 1.1260 option (in the money) for $75, at it will go up to $100 if the Euro stays about 1.1260 at expiration, giving me a 33% profit.
Additionally, the bid/ask price is constantly changing, so I can place a limit order to try and get a better price. Also, I do not need to wait for the option to expire. I can sell the option right away at the current market price. Assets Available Include: Forex Pairs, Market Indexes, Metals, Energy, Agriculture & Special Events (Jobless Claims)
The minimum trade size is one contract, which it technically as low as $0.25. The minimum initial deposit to fund you account is $250. Nadex charges $1 per contact capped at $50 (limit does not apply to in the money trades). You can fund your account with a Debit Card, ACH Transfer, or Bank Wire. Withdrawals are either ACH or Wire. We actually tested out their ACH withdrawal process, and received our money then next day. This is the major benefit in dealing with a legal binary options exchange.
American CFTC Regulated
When reviewing the various binary options brokers, you will find that you’ll only want to open an account with a CFTC regulated exchange like Nadex.
Almost all the brokers that you heard about are located offshore, and are not legally accepting American traders. We have received many complaints from people that use offshore brokers, because there is no regulatory authority overseeing them. This is the main reason why Nadex is the fastest growing binary options exchange in America.
Nadex is regulated by the CFTC. They are a subsidiary of the IG Group, a global brokerage firm.