NADEX, or the North American Derivatives Exchange, is welcoming new members with up to a $100 cash bonus when you make your initial deposit (referral link required). You’ll get an additional $100 cash bonus for every person who claims their welcome bonus with your unique invite link.
NADEX is a regulated exchange that lets members trade in binary options, touch brackets and call spreads, based on stock indices, forex, commodities and news. Unlike its unregulated, offshore counterparts, NADEX provides a transparent, legal and safe way to trade in binaries. For more on NADEX and its current offers, keep reading.
NADEX Up To $100 Welcome Bonus
Get up to a $100 bonus when you join NADEX. To qualify:
- Register with a referral link to open a live Nadex account.
- Fund it with an initial deposit of at least $250.
- Execute at least five trades within 30 days of applying for a Nadex account.
This offer is open to new members only.
Use one of the referral links below:
Give $100, Get $100 Referral Program
For every friend you refer to NADEX, you get $100 and your friends get up to $100. To participate:
- Invite your friends to NADEX by copying the link in Account > Refer a Friend and sharing it with your friends.
- Your friend signs up with your unique invite link, funds it with at least $250, and places 5 trades within 30 days of opening a NADEX account.
- You both get a bonus sent to your NADEX trading account a month after criteria are met.
As long as your account is in good standing, you can either withdraw the bonus or trade with it. You can refer up to 10 friends for a total of $1,000 in referral bonuses.
|Asset Classes||Stock indices, forex markets, commodities & U.S. macroeconomic events|
|Platform||Web (PC & Mac) & mobile|
|Account Minimum||$250 initial account deposit|
|Available Account Types||Standard trading account for binary options, touch brackets & call spreads; free demo accounts; business accounts.|
NADEX, a prominent player in the U.S. financial markets, is not a brokerage. Instead, it’s one of the few binary options companies registered as an exchange, which matches contract buyers with sellers. Because of this, NADEX has no conflict of interest with clients. Getting excellent trade parameters is in the best interest of both parties.
Types of Trade
NADEX offers three types of trade accounts:
- Binary Option. This is like placing a simple yes or no bet on where an asset or market will be, at a particular date or time. This also means there are only two possible outcomes, you win or you lose.
- Touch Bracket. This is similar to a stop-limit trade in the stock market. Touch Brackets let you enter into a trade at a pre-determined price point and automatically execute the trade.
- Call Spread. This is like Touch Bracket, but the trades expire according to time, rather than price.
NADEX members can trade binaries and spread on stock indices, forex, commodities and crypto. It also allows for trades on macroeconomic indicators and events.
|Indices||US 500 (S&P 500)|
Wall Street 30 (DOW)
US Tech 100 (NASDAQ)
US SmallCap 2000 (Russell 2000)
Germany 30 (DAX)
Japan 225 (Nikkei)
|News||Fed Funds Rate|
Weekly Jobless Claims
NADEX Trading Platform
NADEX’s trading platform is fairly advanced with extensive features you won’t find in most other binary options platforms. For example, a pop-out tool that lets you create independent charts of assets, and the ability to add multiple indicators and drawings to customize your trading experience. Serious traders enjoy advanced charting options, as well as detailed technical analyses of assets.
NADEX Minimum Deposit
You can open a NADEX account with a minimum deposit of $250, which is substantially less than the industry average. This low initial funding makes it a great platform for newbies who aren’t willing to throw down a huge amount at the offset.
Members can make the deposit with a debit card, ACH, wire transfer or a paper check. Once your account is funded, you can begin trading immediately.
NADEX Trading Hours
NADEX offers trading 23 hours a day, with an hour off from 5pm to 6pm for exchange maintenance. Otherwise, trading hours mirror the asset you’re trading, including both regular and electronic trading hours. If a specific market is closed due to observance of a holiday, NADEX will also stop trading of that market as well.
NADEX Demo Account
Although many financial products offer demo account, this feature is a rarity in the binary options world. NADEX provides a free demo account for life. Members can practice trading strategies on the platform using real-time data, without having to risk real capital.
NADEX Customer Support
You can reach NADEX’s customer service department by phone, email or the web contact form. The support team is both knowledgeable and reliable.
NADEX provides a learning center with quality educational materials, including a glossary, tutorials, demos, webinars, blog articles and FAQs that explain everything from Trading 101 to market insights and individual trading strategies.
NADEX is regulated by the Commodity Futures Trading Commission (CFTC), so members are rest assured that it’s in the best interest of the exchange to perform fair and honest trading.
Because NADEX is an exchange, rather than a brokerage, orders placed on the platform are submitted directly to the exchange, rather than via a third-party. As such, NADEX does not charge any brokerage commission fees.
NADEX also doesn’t charge any fees for account setup, deposits, debit card withdrawals or ACH withdrawals. However, there is a wire withdrawal fee of $25, as well as a returned deposit/chargeback fee of $25.
Trading fees are as follows:
Binary Option Contracts
|Entry or exit|
|$1 / contract|
|$1 / contract|
Call Spread & Knock-Out Contracts
|Entry or exit|
|$1 / contract|
|Trade expiration||$1 / contract|
NADEX provides a safe, regulated place to trade binary options, touch brackets and call spreads. The platform is easy-to-use, complete with demo accounts and a learning center, and fees are competitive. If you understand the risks of trading sophisticated derivatives, NADEX is a solid choice. If you don’t understand these complex instruments, we recommend you stick with more traditional brokers, like TD Ameritrade and Ally Invest.