The North American Derivatives Exchange, or NADEX, is the only fully regulated binary options broker in the United States, where they are subject to regulatory oversight by the CFTC.
NADEX has quickly risen in popularity to become the number one broker choice for US traders.
NADEX Platform Review
NADEX arguably has the most professional looking trading platform in the industry.
It’s important to keep in mind that NADEX is an exchange, not a regular broker. As a market maker NADEX allows traders to place trades against each other. Each trader sets the same wager amount and time expiry, and price comes directly from the assets exchange.
What makes the platform confusing for some traders is the fact there’s hundreds of available options. The vast number of available strike prices doesn’t make navigating the platform any easier, also.
The NADEX platform is much different from the traditional video game style of binary options platforms that have become so popular.
The assets NADEX offers includes:
10 currency pairs
The first thing traders need to know is that NADEX does not show the return payout of a contract, but rather, they display the bid and offer price, which ranges from 1 to 100.
While the payout return is not given in the same style that is common with other platforms, they do display the maximum profit and loss that can be made on a trade. Traders can choose to cancel their contract if they want to cut their losses or capture their profit.
The best way to get familiar with the NADEX platform is to create a free demo account. Apart from their web-based platform, NADEX also has an Android and iOS app.
There is a $0.90 execution fee for each trade made, with a fee cap of $9. The minimum capital required to open a new account with NADEX is only $100, which is very reasonable seeing as how they’re the only fully regulated binary options firm in the US.
Is NADEX Recommended?
It takes practice to get familiar with trading on the NADEX interface, but after a while it’s easy to see why it’s the most popular binary options firm in the US.
Rather than feeling like you’re trading against your broker, you know for a fact you’re trading against another trader. In the end NADEX trading can be very advantageous and dangerously profitable to the right traders.
NADEX is all about trust, transparency, and is unlike 98% of binary options brokers out there. NADEX is highly recommended to eligible traders in the US.