Service Review Binary Orders

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Nadex Review – The Binary Options Broker With 125,000 Clients

Posted by Dave | Jun 25, 2020 | Broker Reviews | 2

Nadex Review
  • Commissions and Fees

Summary

With so many trading platforms out there it’s hard to know which to choose. Nadex.com is a unique trading platform with many features for binary options traders. Read our in-depth review to decide if Nadex is the trading tool for you.

About Nadex

Nadex.com (North American Derivatives Exchange) is a regulated U.S. binary options trading exchange platform. It provides direct access trading to binary options, Touch Brackets™ and call spreads for currencies, commodities, and equity index futures. The U.S. Commodity Futures Trading Commission (CFTC) regulates the exchange which ensures the integrity of the marketplace and operations. They match buyers and sellers and do not take positions. This is important as there are a lot of questionable binary options brokers that operate like virtual online casinos with rigged decks (IE: trading against customer orders, delayed fills and withdrawal issues). Nadex provides both online and mobile platforms to make direct access trades without outside brokers. Nadex is owned and operated by IG Group (LON: IGG), a FTSE 250 financial firm.

The exchange is open 23 hours during the weekdays (Monday through Friday) from 6pm EST to 5pm EST the following day. On Friday, Nadex closes at 5pm EST and re-opens for trading at 6pm EST the following Sunday.

Nadex Commissions and Fees

Nadex charges a $1 fee per contract when opening a position and charges $1 per contract when closing a position.

There are no software fees and free demo account is available just for registering.

Nadex.com Funding

There is a $250 minimum deposit to open a live trading account. There are no account minimums or inactivity fees once a live trading account is open. Any additional funding has a minimum $100 amount which can be funded immediately with a U.S. debit card. ACH transfers may take three to five business days. Wire transfers are available for deposits and withdrawals.

Nadex Platform Features and Tools

The Nadex trading platform can be accessed through the web or through the mobile app available for Android and iOS. There is no stand-alone desktop download. One thing to keep in mind, you cannot have the live account platform running simultaneously on the web and on mobile together. If you open the platform on the mobile app, it will turn off the web access and vice-versa. This is common on most trading platforms for security reasons. If you need quotes or charts while away from desktop temporarily, you can access the demo-mode on the mobile without having the access cut to live account on your desktop.

Margin/Leverage

While Nadex allows for short-selling, there is no margin accounts or leverage available for trading. This is probably a good thing considering the risky nature of binary options.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Research Tools

Nadex doesn’t provide fundamental research tools on the platform, however, the technical analysis tools are centered around the charts. Nadex also provides access to educational materials like free webinars and courses.

Charts

The HTML5 charting is exceptionally well designed. The incremental time selection is the deepest I’ve ever see, starting at 1-tick and 1-second charts up to monthly, including less popular four-hour charts. One thing to note is to make sure to select the Nadex Settlement Index for standalone charts. The Binary Ladder charts come with order entry levels on the chart. Some users may find it useful to place trades directly on the chart, but personally I find it takes up precious screen space, especially on the mobile version.

There are no news feeds on the platform. If traders want access to streaming market news, they will have to sign up for a standalone platform like Benzinga Pro.

Watch Lists

There are many selections of pre-configured watch lists starting with All Master Spreads, Expiring Soon to Popular Binaries to Recently Trade. The Popular Binaries and Expiring Soon watch lists are my favorites since they tend to have the most activity which then helps to ensure more liquidity. Spreads can get exceptionally wide when liquidity thins out. Unfortunately, Nadex doesn’t provide a time and sales or volume statistics to give any clues on the liquidity. The only clues are when spreads get split by retail traders which can sometimes be spotted by odd-lot bid/asks.

Users can create and customize their own watch lists or use the pre-set watch lists like the most active stocks or benchmark index stocks like the S&P 500 or Nasdaq 100. Instruments can be linked to charts so simple click on any symbol in a watch list can quickly update the chart along with all your indicators and studies.

Order Entry

The order entry windows are designed like level 2 screens with bid size and price on the left and Offer price and size on the right, followed by additional layers of bids and offer below. Each order entry window displays the Max loss and Max win dollar amount, which is based on Order Limit price and Size (number of contracts). This helps traders to quantitatively define the risk and reward values on each trade. Market orders are available, but can be dangerous in volatile markets as spreads are wide to begin with.

Types of Contracts

Nadex is an exchange for binary options traders. If you want to trade stocks or other types of assets, you will need to use a different brokerage account.

There are three different types of options on Nadex:

Binary options contracts have a set expiration and strike price that it must close above by at least a fraction. The payout total is $100 minus whatever was paid for the option. For example, if a trader bought a 20-minute binary option for US 500 (equivalent to the S&P 500 e-mini) Sept > 2781.00 for $13.00, then the underlying US 500 indicator needs to close above 2781.00 to be considered in-the-money (ITM) at the time of expiration. If the US 500 closes at 2781.5, then the payout is $100, but the trader should subtract the cost of the option ($13.00) to derive the actual profit of $87. Out-of-the-money (OTM) options are priced cheaper than in-the-money options (ITM).

Call Spread contracts enable traders to take a position with a defined Max Loss and Max Win based on the range of the spread. It’s important to pay attention to the Nadex Indicative Index (NII) value price. The different between the NII value and the bid/ask is the premium attached to the spread. For example, an NII at 2778 with a bid/ask of 2779.6 and 2780.1, means there is a 2.1 difference or 21 pips of premium if you take an entry at the 2780.1 offer or 16 pips of premium if you sell/short the bid at 2779.6. If the contract is OTM, then the premium will be more than if it was ITM. There it’s important to be aware of the spread premium versus the underlying NII before taking a trade. This is very important if your contracts are OTM when the spread expires since they will expire worthless.

Touch Brackets™ are one of the newest offerings from Nadex. Touch Brackets are contracts that can be used to trade forex markets and stock indices with fixed risk/reward. Brackets can be bought or sold so traders can play both sides of the market. These contracts can be confusing at first, so make sure to review Nadex’s explanation. Basically, each bracket has a ceiling (top of range) and a floor (bottom of range). There are 4 weekly bracket options with different floors/ceilings relative to the market price. Brackets expire a) at the end of every week or b) if the ceiling or floor price is hit.

For example, you may buy into a US500 bracket at 2780 with a floor at 2770 and a ceiling at 2820. If the US500 hits 2770, you will automatically be stopped out for a loss (thus, the fixed risk). If the US500 hits 2820, you will automatically take profits (fixed reward). If the contract expires before the floor or ceiling is touched, your profit/loss will be equal to the difference between the market price and the floor or ceiling. For example, if the US500 closed at 2800 at the time the contract expired, you would make a profit of 20 points (2800 closing price – 2780 entry).

Note: Traders should be aware of the risks involved with trading binary options. While Nadex is a reputable company in the space, the options themselves are highly risky due to their “all-or-nothing” structure.

Nadex Customer Service

Nadex offers customer service via e-mail and phone support. Phone support is available from 3:00pm EST Sunday through 5:00pm EST Friday. Once an account is set-up, it’s a good idea to use an alternative e-mail address to receive trade e-mails. Nadex sends an e-mail for every single order transaction, even orders that don’t fill as well as adjusted orders, expired orders and cancelled orders. This applies to orders on both demo and live platforms. The order confirmation e-mails can easily overload your inbox quickly.

Can You Trust Nadex?

The binary options industry doesn’t have the most stellar reputation. FINRA has already brought cases against a few binary options brokers and continues to warn investors of the risk involved with trading these financial instruments.

Due to the nature of binary options contracts, these financial instruments can be attractive to gamblers, and many scams have been brought down for using “get rich quick” marketing messages.

To remain fair in our review, we need to treat all of the players in the industry as individual companies. A shady industry isn’t necessarily indicative of a shady company, and Nadex is by far the most reputable company in the space. Nadex is owned and operated by the IG Group, a multi-billion dollar company based out of London. The company is transparent and avoids overly aggressive marketing.

Binary options are inherently risky, but Nadex appears to be a trustworthy exchange if you choose to trade these contracts.

What Type of Trader Is Nadex Best Suited For?

Nadex is ideal for intra-day traders with small accounts that have a seasoned understanding of the underlying trading instruments and a methodology to trade them. While there are weekly binaries available, most of the contracts expire intra-day. The platform has a shallow learning curve and registering with the site enables the free demo account, which is almost identical to the live platform. New users should spend time on the demo before even considering making a live trade to get acclimated to the rhythm of the quote movements.

BinaryBook Review

Review

BinaryBook is a relatively new binary options broker. Based in London and Anguilla, BinaryBook offers a user-friendly trading platform with a variety of assets such as stocks, commodities, indices and currencies. They offer beginners as well as professional traders ease of trading, dedicated customer service and exceptionally high payouts. BinaryBook.com is one of the few binary option brokers that accept U.S. clients.

Accounts

There are five different account types to choose from at BinaryBook. The Micro Account helps novices to gain trading knowledge without the need of facing financial risk due to lower investment amounts. A $250 deposit is required and with that traders receive a free 20% welcome bonus.

The Basic Account is designed to help binary options traders who have had some success in the past and wish to improve their return on Investment through excellent learning materials, trading tools and defined strategies. To start the Basic Account, a $500 deposit is required. It comes with a free 50% welcome bonus, one risk-free trade and one month of free Basic Trading Signals(Worth $200).

BinaryBook’s Gold Account is the ideal choice for advanced traders who wish to make large-scale investments and generate larger profits. $5,000 must be deposited into the account and Gold account holders receive a free 75% welcome bonus, two risk-free trades and one month of free Gold Trading Signals (Worth $500).

The fourth account choice at BinaryBook is the Platinum Account which requires a minimum deposit of $10,000. This account is ideal for high-volume traders that aim towards a heightened trading experience. There is a 100% welcome bonus in addition to five risk-free trades and two months of free Platinum Trading Signals (Worth $1,000).

All the above accounts come with access to BinaryBook’s highly-secured platform and to the BinaryBook Academy, as well as a personal account manager that closely follows a client’s trading activities and provides customer support wherever in need; from 5 to 10 hours of trading sessions with one of BinaryBook’s expert traders and additional promotional incentives (Up to 75% per deposit).

With an initial deposit amount of $50,000 or more, a trader is entitled to an exclusive VIP package consisting of more benefits and discounts. To open this account, one must contact an account manager via Chat, email or telephone.

BinaryBook offers an Islamic Trading account which is fully compliant with the Sharia law and excludes any Riba (commissions and Interests). Those of the Muslim faith can benefit from the advantages of binary options trading without jeopardizing their faith.

Education

Educated clients are important at BinaryBook and there is much to learn at the broker’s Trading Camp. BinaryBook offers a wide range of learning material for both advanced and beginner traders. There are visual and interactive resources such as a range of videos and e-books as well as in-depth tutorials and lessons. Assistance can be obtained upon request from expert traders on staff at BinaryBook.

Deposits/Withdrawals

Deposit funds can be made securely and without any hassles. BinaryBook accommodates for the largest range of deposit methods, allowing traders worldwide to take advantage of exceptional trading features. Most credit cards and debit cards such as Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo are accepted as well as bank transfers and Neteller, cashU, Webmoney and UnionPay.

Withdrawals are executed by sending a request via email. A minimum withdrawal is $100 but there is no limit to the amount that can be withdrawn from a trading account.

Bonuses and Promotions

BinaryBook offers several bonus programs. Welcome bonuses range between 25% – 100% depending on the type of account chosen.

As part of the refer-a-friend program, any trader who recommends BinaryBook to a friend can earn up to $100 as cash bonus.

BinaryBook also offers risk-free trading to its traders to make binary options trading even more profitable. An initial deposit of $1000 generates 1 risk free trade; for a deposit of $2000, 2 risk-free trades are offered and for an amount of $10,000, 5 risk-free trades are offered.

In addition, for each deposit made, BinaryBook gives a redeposit bonus, up to a maximum amount of 100% of the initial deposit value. They also offer occasional discount codes and promotional offers through their social media websites (Facebook, Google+, Twitter), and mailing lists.

Customer Support

The BinaryBook website and customer support are available in English, Arabic and Turkish. Support is provided through Chat, emails or phone to numbers in the UK and Bahrain. I contacted the Chat service for a query about trading and received a quick and informative response.

Conclusion

Trading at BinaryBook is an enjoyable experience. The website is lively and colorful and there some excellent features. Setting up an account, selecting an asset and placing a trade is simple and timely and it can all be done within a few minutes.

Features

BinaryBook has an exceptional website with a host of great features. One of the goals at BinaryBook is to provide an arena that ensures the protection and privacy of its customers and although there is no official regulation, the broker has gone out of its way to put in place all meaningful security measures so traders can feel secure.

It’s always beneficial to offer traders a choice of different accounts and the five accounts at BinaryBook span the choices from Micro account where $250 is the required minimum deposit to the Platinum account with a minimum deposit of at least $10,000. And then there is the VIP account for those with $50,000.

Binary.com Broker Review 2020

According to Binary.com, this is one of the oldest and one of the highly respected brokerage companies in the binary industry. Many years of expertise have helped in providing flexible and comprehensive products to its clients. Binary.com claims to have a high level of reputation and it tries to ensure a trustful environment for its traders.

Among excellent trading services Binary.com is based on Proprietary platform and it is regulated by MGA. Read more about unique Binary.com services in our detailed review below.

Binary.com Account Features

Binary.com broker is supported by extraordinary Proprietary binary options platform. The combination of Binary.com and Proprietary platform will ensure a somewhat different trading experience like traders have met with other trading platforms. We can say that Binary.com belong to the 21st century and modern approach towards binary options.

Before we start talking about Binary.com trading platform we would like to mention that we liked charting section with several excellent views for the preferred quotes as graphs. In our Binary.com review, we have noticed that traders can check real time candlestick graph with an interactive Java run charting software. This feature enabled traders to run various technical tools in order to determine the possible range of price moves. When we compare Binary.com with other brokers, we can say we haven’t seen others offering such options in the trading analysis. Binary.com review has shown this broker has put a lot of effort to offer the most innovative environment.

We have found Binary.com provides various educational opportunities for its clients. We were pretty shocked when we found so many available educational services with Binary.com. Traders are welcome to check out some of the training videos provided on the site, find out most important security tips, attend various webinars, get weekly market updates, use some of the useful Binary.com applications and watch other educational videos. Attending some of the webinars is always a useful thing where traders get latest updates about trading techniques and improving some skills. Most of the educational materials and webinars are free to use, while for some of them traders need to pay extra money.

Binary.com Trading Software

As we have already mentioned, the interface of Binary.com is based on the Proprietary platform. Besides innovative services this broker offers, we have to say that Binary.com provides an unseen range of underlying assets and different products packages. Along with basic charting features, traders that register with Binary.com can use some extra additional charting options that enabled easier analysis for each option. With this option, traders can enjoy to use a wide range of trading opportunities and have a deeper analysis before they place a trade with the certain asset.

In Binary.com review we have found five basic types of binary options available for trading. Binary.com traders can choose between:

Rise/Fall – traders place trades based on the direction of the starting price

High/Low binary options – this option aims to see if the price will end lower or higher than a price target

Stays In/Out Boundary option – this option lets traders execute trades according to defined range of prices. The asset could stay within a defined price range (IN) or outside the defined price range (OUT) before the trade will expire.

Touch/No Touch represents traditional One Touch binary trading where trader can set the position of the barrier

Tick Trades Option – represents an extra fast short term trading

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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