Nadex

Category:

Additional information

Fees

$0

Promotion

$0 Minimum Deposit Promotion, whereby applicants will be able to make an initial minimum deposit of less than the standard $250 minimum requirement

Why we like it

Nadex is an exceptional platform for short-term traders who wish to trade binary options and spreads on a fully regulated U.S.-based exchange. Binaries and spreads are offered on more than 5,000 contracts covering a variety of FX pairs, commodities, stock indices, and unique products like as Bitcoin, in addition to the possibility to wager on macroeconomic events such as the Fed funds rate.

Pros

• Comprehensive array of binary options and spreads
• Low service costs and minimums
• A variety of instructional materials, including videos and webinars.

Cons

• Traders accustomed to European CFD brokers could find Nadex binary options rather more complicated.
• No incentives or special offers
• Few research reports and tools exist.