Overview of trading platforms: Nadex

A detailed study of trading platforms offering traders various financial instruments for conducting commercial transactions online, shows that most brokers provide their services without having to complete all necessary documents confirming the legality of their activities. Known worldwide trading platform Nadex – the first company that managed to legalize operations with binary options in the US. Regulation of the broker CFTC (Commodity Futures Trading Commission) is a 100% guarantee of the legality of the services provided to traders.

General Information on Nadex

For more than a decade, residents of the American states have used the financial instruments of the company represented to generate profits and multiply their savings. According to the documents the company belongs to the IG Group (London, UK), but its main office is in the states (Chicago, Illinois). At the moment, the services of the trading platform can be used not only by Americans, citizens of other states also have access to financial instruments of the broker. The application created for nadex significantly expands the trader’s capabilities and allows controlling the situation on the trading platform, regardless of the location of the user of the web resource.

Financial instruments

The considered trading platform allows to carry out operations from one account, irrespective of the chosen financial instrument. Clients of a broker can conclude deals using:

● stock indices;

● currency pairs;

● Crypto currency;

● money.

On the site in question, there are special schedules showing the dynamics of changes in financial indicators for each asset.

Open account

On the trading platform nadex login, password and minimal information about the user do not open access to financial instruments of the broker. Each trader must complete a detailed questionnaire and prepare the requested documents (passport, utility bills, social card, etc.), only after meeting these requirements, the user will be entitled to carry out trade transactions. To ensure the safety of the resource, the site administration carefully checks the questionnaires of new users and applies multi-stage registration of accounts.

The demo account provided on the nadex platform allows novice traders to study in detail how transactions are conducted, what to do in order to maximize profits, etc. But before starting to work, experienced users recommend familiarizing themselves with the training material posted on this web resource glossary, comments, videos, etc.).

Trade on nadex: review and analysis of factors that every trader should know

The main feature of the presented trading platform is that the broker does not participate in the bidding. Its main task is the performance of intermediary functions, the platform is the place where the participants of the future financial operation meet.

Another important point is related to the fact that clients’ funds are stored in separate bank accounts (user money is protected from various force major situations). Making up for a nadex review, experienced traders always indicate that this trading platform has reached a high level of development, thanks to the feedback, advice / suggestions of its customers (quite a rare phenomenon for any commercial Internet project).

Replenishment of account and withdrawal of earned money

In addition to the training demo account mentioned above, users of the trading platform have the opportunity to open an individual account (separately for US citizens and traders from other countries) or a trust account (for companies registered in the US states).

Deposit / withdrawal of funds for citizens and companies from the United States is carried out by telegraphic / bank transfer or debit card. Citizens of other countries can use the system of international transfers and a bank (debit) card to solve this issue.

The minimum deposit is 250 dollars. To withdraw money, the administration of the web resource will ask for documents to prove the identity of the client. After withdrawing funds from the Nadex account and until the moment of receiving the money, it takes 1-7 days (depends on the individual characteristics of each transaction).

Cost of services

Another feature of the presented trading platform is the fact that for the conduct of trading operations, the user does not need to pay commissions. For providing the opportunity to use financial instruments, a trader pays only one dollar for each contract (conveniently and inexpensively).

Advantages and disadvantages of Nadex

Analyzing information posted on the network about the Nadex platform: feedback, comments, recommendations, etc., you can highlight the most important advantages of this web resource:

● Low cost of services;

● Caring for the preservation of financial resources of its customers (money is stored on accounts in reliable banks);

● one of the few trade sites that legally provides its services;

● the company’s activities are controlled by US regulatory authorities;

● The web resource offers its customers a wide range of financial instruments for a variety of trading operations;

● provision is made for the protection of clients’ monetary resources from sudden changes in the value of assets;

● on the company’s website there are training materials that allow a beginner with zero level of training, master the principle of the work of trading platforms;

● It is possible to make profit on short-term contracts.

If in the course of work the user of the trading platform has any problems or questions, he can contact the support service. For this purpose, telephone communication and e-mail are provided.

The main “minuses” of this platform are:

● a limited number of ways of input / output of funds;

● the need to provide a large amount of personal information during registration;

● some users believe that $ 250 is a large sum for the first deposit.