Binary option nadex 2



Editors Review Of Nadex


For U. S based residents that would like to trade binary options with a regulated binary broker, the only way to go is Nadex. Nadex is the acronym for the “ North American Derivatives Exchange. ” Although Nadex is technically a binaries exchange (Designated Contract Market) for derivatives, it functions more like a binary options broker. Nadex is regulated by the Commodity Futures Trading Commission (CFTC) and in fact is one of a handful of binary options brokers that is authorized to market their services to U. S based clients. No overseas-based brokers are currently licensed by the U. S regulatory authorities to solicit business in the U. S.


Trading Platform


At Nadex, traders have a choice of two types of trading platforms. One is web based and another is designed specifically for mobile trading.


Web Based Trading Platform


Nadex’s trading platform works pretty much the same as most web-based binary trading platforms with some differences. Traders have direct market access (DMA) and the bid and offer prices are openly displayed. The trading platform actually works quite well. Trading orders are executed with speed and efficiency. Nevertheless, in our opinion this platform is more suited for experienced traders who already know what they are doing. Beginners might find the whole process of trading intimidating in terms of the way the platform is setup. Nevertheless, one thing we love about Nadex trading platform are the Charts. The Charts are quite comprehensive and are packed with tools and options. Prices are also streamed in real time giving a trader an up to date view of the market.


Mobile Trading Platform


There are also options for traders to use their mobile devices to trade on the Nadex platform. Currently, traders can download the trading app for:


Android Phone


iPhone


Windows 7 Phone


Unique Features


For a customized trading experience, traders can also fine tune the trading platform to display only the data and functionalities that are required by you and in the way you want it.


Trade Types


At present, there are only two types of trading contracts offered by Nadex, Classic Binaries and Bull Spreads.


These contacts are fixed risk derivatives that are based on a simple yes/no proposition.


These are trading contracts with a ceiling and floor levels which define the highest and lowest highest points where prices can settle. They operate much like Touch options.


Trading Accounts


Traders can open a demo account with Nadex if they wish to have a trail run of the platform they commit themselves. The demo account comes with $25,000 virtual money.


For a live trading account, a minimum initial deposit of $100 is required. However, you must have:


A permanent U. S residential address


Be a U. S based resident


Have a Social Security or Tax Identification Number


Have a U. S Bank Account


Payout Ratios


The average payout which traders can get at Nadex is around 75%. For out-of-the-money trades, there is no mention of any rebates. Traders should take note that there are fees payable for each trade made. Each contract filled will cost you at least $0.90 per side. The maximum amount payable is $9 per side. For wire transfer and returned checks, there is a$25 fee. Because of all these associated fees and charges, Nadex is more suited for the experienced or professional trader.


Asset Index


Although the number of assets offered is not large by European standards, it is considered a large number for the U. S market. Currently, traders can choose from 23 assets in the following markets: