Nadex is not a classical broker and most of the traders probably don’t know, but it is derivatives exchange company that only accepts US traders. In this review, we will talk about Nadex services, trading platform and all important facts that will help traders understand basic principles of trading their services.
Nadex Special Features
It is interesting to know that Nadex is one of a few companies that is regulated in the United States. Traders are always recommended to trade with regulated brokers because of a safer trading environment.
Trading with Nadex starts with $250 of deposit which is considered as the industry average. The minimum investment is only $0,01, offering beginners to place smaller trades. Signup is easy and in just a few moments traders can start trading with various trades or contracts, as they call them in Nadex. Registration with Nadex is free, but we want to point out there are some fees that can apply while trading.
Nadex provides a simple story, offering just two trading accounts. First Nadex account is demo account while another is real.
Nadex Demo Account is the best way a trader can start trading with Nadex. This also applies to experienced traders that used to trade with European brokerage companies. Trading with Nadex demo is free of charge and traders just need to fill basic info to start trading. Nadex demo account starts with $25.000 of virtual money that enables traders to experience trading platform services and place trades without any risks. Nadex demo platform is available for two weeks only.
Besides Nadex Demo account, traders can later switch to Trader Nadex platform that presents real account. Trader platform provides quick and reliable access to their portfolio. Nadex trader account provides traders with real-time charts which help them make simple decisions. Real-time charts provide detailed information about trades. Nadex Trader accounts allow traders to customize their portfolios which can improve trading experience.
Being only regulated US broker, Nadex has special bonus promotions that are not as traditional that are familiar for other brokers. Nadex has offered “Fee Holiday Bonus”, meaning there are no fees, if traders accept to receive a fee-free days. A bit of confusing, but it is only way Nadex can provide promotions. We recommend traders to read Fee Holiday Bonus conditions in order to check the rules that apply for this kind of promotions.