Nadex App

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Nadex Mobile Platform

NadexGO lets you trade whenever, wherever, and however you want.

Scan the above with the camera on your phone or visit from a mobile device.

Access Nadex’s Full Range of Products and Markets on the GO

Trade the way you want with full charting and technical analysis features.

Next Generation Technology gives you Real-Time, Direct Market Access

It’s fast, intuitive, and designed to fit your lifestyle.

Behind the Tech

What is a Progressive Web App and why did Nadex move to this technology?

“Reliable, fast, and engaging.” – Google’s developers describing the possibilities for user experiences using the power of Progressive Web Apps (PWA).

Curious about this new technology? Check out Google’s developer blog for a deep dive.

That’s exactly what we at Nadex wanted to deliver to our members.

US Toll Free: 1 877 776 2339

International: +1 312 884 0100

North American Derivatives Exchange, Inc.
200 West Jackson Blvd
Suite 1400
Chicago, IL 60606

Nadex is a registered trademark of IG Group, Ltd.

Nadex Exchange

Nadex is a fully regulated trading exchange, regulated by the CFTC (Commodity Futures Trading Commission), and is legally permitted to accept US residents as clients. Nadex operate in the US, but form part of the IG Group which is based in London. They offer a real exchange, with both buy and sell positions fully open to traders.

Delivering cutting edge trading tools, and advanced features, Nadex provide a high quality trading experience. The fully documented exchange fee highlights the transparent nature Nadex take to their service. They describe their business as:

Serving the function of matching buyers and sellers of a contract in an unbiased manner (Nadex does not profit from gains or losses on a trade, rather it simply receives a fully disclosed exchange fee)

Review Summary

  • Nadex Demo Account – Yes (Open free demo account)
  • Minimum Deposit – $250
  • Minimum trade – $1
  • Bonus details – No active bonus scheme at present.
  • Mobile App – NadexGo.
  • Signals service – No

Nadex offer their clients the following features and benefits:

  • Transparent trading costs – Nadex are clear about how they are funded.
  • Advanced Charting – The charts and technical analysis tools are among the best in the binary options sector.
  • Education – This firm take trader education to the next level. There are regular free webinars not just on how to use the platform, but how to make consistent profit.

How To Use The Trading Platform

Nadex provides a real exchange trading experience. This means traders have the option to buy or sell on both sides of the asset. The trader can also request their own strike price. If another client wants to trade the other side of the option, then it will be opened at that price.

The first choice to be made is the asset to trade. This can be located via the ‘Finder‘ window on the left of the trading platform. Selecting a market opens up the time frames on offer for expiry of the option (times are listed in Eastern Time).

The markets window will refresh once the expiry and asset have been selected. This will display the current price levels that can be traded. Generally, there will be roughly 10 price levels – for example, trading the Nasdaq offers 10 levels. Each level is traded based on whether the closing price (the price at expiry) will be above or below the level shown. The settlement price on Nadex binary options is 0 or 100, so the exchange prices will fluctuate between 0 and 100. 100 represents a positive outcome, (so an asset did finish above or below a certain price) and the option will settle at zero where the option had a negative outcome, so for example where the asset price did not finish above the target price. Remember a trader can buy or sell both a positive outcome, or negative.

Clicking the asset in the market list, or the ‘Bid’ or ‘Offer’ figures – will trigger the trading ticket screen to open. If the bid or offer buttons are clicked, this will result in the ticket opening with the ‘sell’ or ‘buy’ option pre-selected.

The trading ticket confirms expiry time, price level, bid size and the current bid and offer prices. Users then need to click the sell or buy buttons (if not already selected) and confirm the size (investment amount) of the trade. The figures along the bottom of the ticket will highlight the maximum loss and maximum payout based on the scale of trade entered – the ‘max loss’ can be intimidating, but trader can close trades at any time if the price moves against them. Traders can also alter the Price – this is the exchange element of Nadex trading. Traders request a price at a higher or lower level than the current price to wait and discover if their position is ‘matched’.

As each option can be openly traded, clients can close their open trades at any time – so profits can be taken, or losses reduced. The maximum and minimum figures on the ticket represent the two outcomes if the option is left to expire without further trading.

Once the trade is setup as required, traders click the ‘Place Order‘ button. Once matched, it will then appear in the ‘Open positions’ window. If the trade is ‘unmatched’ (either all of it, or partially) it will move into the ‘Working Orders’ screen. Both ‘Open Positions’ and ‘Working Orders’ will update as the order is matched. In addition to these windows, Nadex will also send an email confirmation. Another mail is also sent confirming when an order is settled.

Trading choice

Nadex offer binary trading on forex pairs, commodities (gold, silver etc) and stock indices. There is a full range of price levels for each asset, so if a trader is looking for a quick price move in a particular stock index, or a longer term trade in a currency pair, Nadex will provide it.

Nadex offer well over 5000 contracts to trade at any one time.

Touch Bracket™ contracts

The Nadex Touch Bracket™ contracts are a new type of contract that Nadex have introduced. The contract operates between two ‘brackets’ (a floor price, and a ceiling price). The price moves alongside the actual asset price between these price levels. The attraction of these levels are that they act as a built in risk management tool, no slippage – guaranteed. The cost of opening the trade is the maximum capital put at risk.

The flexible ‘micro lot’ trade sizes mean these contracts can be secured with low capital requirements for novice investors, but scaled up for professional trades to get the maximum out of their leveraged trades.

Mobile App

Nadex offer one the best, and most complete, mobile trading apps on the market. The application is free, and has been written and optimised for a variety of mobile platforms. The app is called NadexGo

The application operation slick, quick and importantly, contains every feature available on the full website. Account maintenance to charting, everything is there for traders in the trading app.

The layout is clear while still showing all the data a trader needs, making trading very simple. The dealing ticket trading area appears the same as on the full website platform, as it has already been optimised for ease of use.

The NadexGo mobile app includes every feature of the full site, and leads the way in the binary options sector.

Call Spreads Payouts

The payouts at Nadex are not easy to compare to other brokers – other brokers do not offer genuine exchange trading. The binary options will payout depending on the strike level that the trader was able to open the option at.

As an example, if a trader brought at 50 and the make up was 100, the payout is effectively 100% (they could have risked $100 for example, and received $200 when the trade settled), but if they brought at 70 and the make up was 100 then the payout dips to around 50% (The amount risked was larger and the profit was less).

Note there are trading fees incurred for opening a trade position as well as closing a position prior to expiration which is at $1 per contract per side. Otherwise contracts that are held until expiration will be charged $1 per contract settlement fee if finishing in the money. These charges are transparent (you will know exactly what each trade will incur), and still represent a ‘better value’ trade, than a more traditional option. Full details of Nadex fees are available on their site.


Nadex do not generate a lot of complaints. Traders on occasion struggle with the platform because it is very different to more widely known ‘over the counter’ brokers. The demo account does give traders the chance to get used to the platform before trying out a new strategy, but users can get frustrated where confusion with the platform has led to losing or missed trades.

The education materials supplied by the firm are very good. The platform is unique, and does require specific training material. Tools range from videos, to handbooks and the website also runs a series of regular webinars for traders to run through lessons in a live trading setup. Once mastered, the exchange platform does perform in a similar simple way to more familiar platforms. The fees charged for trading are clear and transparent, and again, do not tend to cause complaints.

The brand is certainly not a scam. Owned and operated by IG Group in London, themselves regulated by the FCA in the UK. The US exchange is overseen and regulated by the CFTC to offer trading to US residents.

The regulation for the firm could not be more strict, and users can login, deposit and trade in absolute confidence.

Withdrawal and Deposit Methods

Nadex allow US residents to fund their accounts via debit cards, ACH transfer of wire transfer. Non-US residents can use debit card, or wire only;

Where a wire transfer is above $5000, Nadex will refund the $20 banking fee into the trading account.

Withdrawals are only available via ACH or wire transfer. Non-US residents can only use wire transfer. The withdrawal options can be found in the ‘Account funding‘ menu within ‘My Accounts‘. ACH transfer withdrawals are free and take roughly 3 to 5 days, while a wire transfer will require a $25 fee to be paid, but is generally processed the next day.

Withdrawal details are not straight forward with Nadex, so it is worth clarifying them well before trying to request a payout. Many of these stages are required due to the CFTC regulations – but delays are a regular problem among traders and their brokers – it is an area to research thoroughly before funding an account. This ensures there are no shocks and traders know exactly what to expect when requesting a withdrawal.

Who regulates Nadex?

Nadex are regulated by the CFTC (US Commodity Futures Trading Commission). This represents one of the strongest levels of regulation in the sector.

Who owns Nadex?

Nadex are owned by the UK based IG Group. They have offices in London, and are listed on the London Stock Exchange. IG Group also operate the UK broker IG Index.

Trading hours?

The Nadex website is available 24 hours a day, but many assets will only be available to trade based on their own regional trading hours. Like the London based stocks for example, will only be open for trading during UK trading hours but some products like the S&P500 are traded electronically around the clock. Some Forex pairs are traded across the globe and will therefore be open around the clock on week days – but the trade volume will vary at times.

Is Nadex a broker?

NADEX isn’t a binary options broker in the “traditional” sense. NADEX is an exchange and an exchange is where traders can meet to conduct business. Nadex provide the platform, which ensures that everything is compliant with CFTC regulations, and is the clearing house for Nadex trades that process all monies and other duties required.

Each time you trade, you are paying a $1 exchange fee per contract per side. Remember the exchange makes its money by facilitating the trade, not when you lose.

This is important as it takes away any conflict of interests that can arise when trading with an EU style broker. NADEX does not care if you win or lose, they charge a small fee per contract (full details on their site) and this is where their profit comes from.

Offshore style brokers make money when you lose, it is not in their interest for you to win which is why “account managers”, signals and autotraders offered by some brokers are often scams.

What makes NADEX even better, and where the real fun comes in, is who they facilitate your trading with. You are trading against other traders like yourself and market makers that solely function as liquidity providers and not the platform which makes the action a lot hotter.

How You Make Money On NADEX

How you make money on NADEX is by buying and selling binary options. These options function just like an EU style binary in some respects and do not in others. On the one hand they can be held until expiration in which case you will lose all or receive the maximum payout. On the other hand they are based on set strike prices and can be bought and sold continuously up to and until the time of expiry.

The biggest difference between them and why they trade differently is how they function. An EU style binary option uses the asset price at the time you make your purchase as the strike price. If price moves up or down from there you will lose or make money, depending on what type of option you bought. A NADEX binary option is based on a set strike price, chosen from a list of possibilities, and can be in or out of the money.

With an EU style option you can trade any amount you want, all you do is enter the number in the trade screen. At NADEX options are sold in lots so, for example, you want to buy EUR/USD at 1.0545 you will buy 1, or 2 or 10 lots, whatever you chose. The price of each lot will depend on the strike, if it is in or out of the money, and to some extent market pressure. The price of the options will run between $0 and $100 dollar, $0 is the minimum payout and $100 is the max. In the money options will cost more naturally, out of the money options will cost less. If, at the time of expiration, the option closes in the money you will receive $100 per lot. If the option closes out of the money you receive $0. Before the option expires the price will vary depending on the price of the underlying asset. The profit you make is the difference between what you pay and what you receive for in the money, $100. Typically, at the money options will cost about $50 which means a return on trading of $50, or 100%, way better than the 70% to 80% you get with EU style binary.


To say that NADEX binary options are a little confusing for new traders is a bit of an understatement. There are some truly major differences between trading these US CFTC regulated binary options and the more traditional spot binaries offered by the European and off-shore brokers. The great news though is that these differences open up whole new avenues for trading and profits that will never be available with other forms of binary trading.

Before we move on to the more intricate details of opening and closing NADEX positions let’s review the specific difference between spot binary and NADEX. Off-shore spot binary options brokers, speaking of the standard high/low digital option trade, have two types of positions; calls and puts. If you are bullish you buy a call, if you are bearish you buy a put and in both cases you are buying from the broker. If you win the broker pays you, if you lose the broker keeps the money. At no time are you able to sell an option other than in an Early Out situation. At NADEX they only have one type of position, called a lot, and it can be bought or sold. If you are bullish you buy it, if you are bearish you sell it.

How Buying And Selling Works

This is how it works. NADEX lots are listed at different strike prices, some are In-The-Money, some are Out-of-the-Money and one or two will be Near- or At-the-Money. For this discussion I will focus solely on the At-The-Money strike for simplicity and because both the long (buy, call, bullish) and short (sell, put, bearish) positions will cost about $50. The thing to remember is that in both cases, buying or selling, you are doing so to open a position. So, buying a NADEX lot is the same thing as buying an EU style call, selling a NADEX lot is the same thing, almost, as buying an EU style put. The difference is that with NADEX you SOLD TO OPEN, not Buy To Open, the bearish position so you get a CREDIT for doing so.

Look in the example below. In this chart of NADEX strikes for the 1PM expiry of EUR/USD the 1.0868 strike is At The Money. If you want to buy a long position, a call, it will cost you the offer price. This is the price at which another trader is OFFERING TO SELL. If you buy it at $56.00 and the asset prices closes above the strike price, In The Money, your max profit will be $44 which is the difference between what you paid and the max payout at expiration, $100. If you want to sell a short position, enter a put, you will receive the bid price. This is the price at which another trader is BIDDING TO BUY the option, in this case $50. This means that you will receive a credit of $50 into your account and will get to keep it if the asset price closes Out Of The Money (the other traders loses, you win). Your risk is if the asset price closes In The Money, if this happens you are responsible for paying out the $100 max payout but not to worry, since you took in $50 already it really only cost you $50 so your risk is $50.

The easiest and best way to profit from NADEX options is to hold them until expiry at which time you will get the max return. However, some times you may want to close early in order to lock in profits or cut losses and this is another area where some confusion can come in.

What you have to remember is that you’ve already OPENED a position, now you need to close it. If you’ve bought a long position, a call (buy to open), then to close it you SELL TO CLOSE and receive the bid price. If that price is above the price you paid for the option then you will make a profit. If you’ve sold a short position, sold to open, then in order to close the it you will need to BUY TO CLOSE.

Opening And Closing

The key is remembering two things. First, there is only one kind of position that you can either buy or sell to open. The second thing to remember is that in order to close your position you must do the OPPOSITE of what you did to open it. If you buy to open you sell to close, if you sell to open you sell to close.

A Beginners Guide To NADEX

The biggest complaint about NADEX is that it isn’t easy. Granted, NADEX is not as easy as trading at an offshore, EU or CySEC style digital binary options broker. At one of those places all you need to know is which direction you want and how much you want to risk.

When you hit enter the price of the underlying asset at that time is your strike price, if the asset prices moves in the right direction from there you are a winner and paid the percentage indicated when you bought the option. At NADEX it isn’t quite so simple but believe me when I say that it is far superior to any other form of binary trading I know.

There are three things you need to know when it comes to trading at NADEX:

1. Options are priced in the 0-100 method

Because they are binary in nature there are only two possible outcomes at expiry, either $0 or $100. If the option closes out of the money you get $0, if it closes in the money you get $100. The detail that makes trading work is that while the option is live, before it expires, the value will fluctuate between $0 and $100 based on the movement of the underlying asset and market pressures. If the option is out of the money it will cost less, if it is in the money it will cost more.

Your profit at expiry is the difference between what you pay and what you receive. If you pay $45 and receive $100 because the option expired in the money you profit $55 or 122%. Please note that I said 122%, far better returns than what you will find elsewhere. What is important to note, you do not have to hold NADEX options until expiry, they can be bought or sold at any time. If your trade moves in the money and your option shows a profit you can sell but you will probably not get the maximum return.

2. NADEX binary options trade in “lots” priced by the market

Things affecting price include the price of the asset, the strike price of the option and the amount of time until expiry. At an offshore broker there is no market pressure affecting prices, if you wanted to trade $500 you enter $500 in the amount box click enter and the trade is done, you have one position for $500. With the “lot system” if you want to trade $500 and 1(one) lot cost $50 you would need to buy 10(ten) of them. If the lot cost $65 you would only be able to buy 7(seven) without going over your limit.

3. Strike prices

Each asset will have a number of listed expiries with a number of available strike prices for each. The strike price is the price level at which the option will be in/out of the money. When it comes to pricing the At-the-money options will always trade near $50 which shows a roughly 50/50 chance for the option to move up or down. When the strike price is in-the-money, that is the asset price has already surpassed the strike price, it will cost more because there is a higher chance for it to close profitably. The strikes will get more expensive the deeper in-the-money you go until they are fully priced. When the strike price is out of the money, that is the asset price is below the strike price, it will cost less than $50 and will get cheaper the further OTM you go until they are completely worthless. In terms of standard, directional style trading, an ITM or ATM option is a less risky trade while an OTM option is more risky. Of course, with a strong signal an OTM option that costs only $30 or $40 will return 150% to 230%.

Simple Sell Strategies For NADEX Binary Options

NADEX binary options aren’t like EU style spot binary, you can actually sell them and get paid. Read on to find out how you can use these simple sell strategies.

Let’s first reiterate that NADEX options are sold in lots, option strikes are preset with some in the money and some out of the money, and that all options are worth either $0 or $100 at expiration. During the life of the option, the time between when it first becomes available to trade and expiration time, the price will fluctuate between $0 and $100 depending on strike and the movement of the underlying asset. In the case of a bullish position, a position in which you bought the strike in the belief that prices will move higher, your profit will be the difference between the price you pay for the position and the amount you are returned at expiry, either $0 or $100.

If the option expires out of the money and you get $0 you suffer a loss, the cost of the position. If the option expires in the money you get $100 and suffer a profit, $100 minus the cost of the option. If the option was purchased when at the money it probably cost about $50 and returned about $50, or 100%.

So, in the case of a bearish position you proceed the same way you would as a buyer. You “sell” the strike, meaning you pay the other side of the position from the buyer you’re matched up with. If the buyer put up $40, you would pay $60, which is $100 minus $40. The most you can lose is that $60. You profit if the option expires at zero, whereas the buyer profits if it expires at $100. In this case, if the binary expired worthless, you would get back your $60 plus the buyer’s $40, for a payout of $100.

Remember, ATM money options cost about $50 per lot. If you sell one for $50 and it closes in the money you a have to pay out $100, which is $50 of your money and $50 you received in option premium. If the option closes out of the money, which is what you want, you get to keep the premium (the owner of the option holds a worthless contract, you are required to pay nothing) and profit that amount.

  • Buying At NADEX/Bullish Position – you buy the option strike, paying the ask price, and profit the difference between the cost of the option and $100. Your risk is the price of the option.
  • Selling At NADEX/Bearish Position – you sell the option strike, receiving the bid price, and profit that amount if the option closes out of the money. Your risk is the difference between what you receive and $100.

The mechanics of buying and selling options at NADEX opens up quite a few possibilities. The simplest and perhaps most effective for directional binary options trades are hedging strategies. Hedging is when you use one position to offset the cost of another, or to help maximize profits before expiry. Think about this. You take a signal on a bullish trade and buy an ATM the option for $50. The underlying asset moves up to your next resistance target and stalls out but you are able to sell the next higher strike for $50 at the same time. This means that your total cost is now $0 dollars, all you have to do is wait until expiry. If the asset remains between the two strikes great, you make maximum return, if not you lose nothing.

More advanced traders can target non-directional strategies using sold options. These strategies work best in ranging markets, when asset prices are trending lower or when they are capped by resistance. One method is to target out of the money strikes that can be sold for a credit with a high likelihood of closing out of the money. Take for example this trade set up for the S&P 500. Prices are trending lower in the near term with two strike prices close enough to the money to have value, but far enough out to be fairly safe relative to price action. Please take note, these are already in the money so there is no need for ANY price movement. Sell these for a combined credit of $31.50, free and clear and all you have to do is hold them for 5 minutes.

Some of the links to third party websites included on our website are affiliate links. This means that we may receive commission or a fee if you click on a link that takes you through to a third party website or if you purchase a product from a third party website.

Nadex App

You can view the range of stock indices, forex, and commodities we offer under Markets on the menu above.

Nadex is subject to regulatory oversight by the Commodity Futures Trading Commission (CFTC). The mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.

Nadex is a wholly-owned subsidiary of IG Group, a UK-based derivatives trading company. IG Group Holdings PLC (IGG:London) is part of the FTSE 250 and is listed on the London Stock Exchange.

Nadex is an exchange. We match buyers to sellers, ensure accurate and fair markets and make sure all trades are settled transparently and correctly. An exchange does not engage in any trading, either with its own members or in another venue.

A broker is a trader’s representative. The broker can send a customer’s order to an exchange for its client and may also assist the trader in analysis and strategy. As a Nadex member, you send your orders directly to the exchange and do not need a broker.

Ethical brokers will not secretly take the other side of a client’s trade. To do so is a clear conflict of interest. Unfortunately, some offshore binary providers who offer “brokerage services” make no guarantees about whether they engage in such practices.

A market maker is an institution (not the exchange) that agrees to provide liquidity by providing quotes in a large number of different products. This helps ensure that individual traders can get filled on their orders without having to wait for another individual to take the other side. At Nadex, market makers agree to take on the obligations of providing liquidity in return for lower trading fees. One of Nadex’s market makers, Market Risk Management, Inc., is an affiliate of Nadex.


You can open a Nadex account online for free, in less than five minutes, 24 hours a day.

You can open a Demo account for free to test drive the Nadex platform. You’ll receive $10,000 in virtual funds. After you open and fund a live account, your demo will remain available for you to use for practice and strategy testing.

For any of those entities, you’ll need to provide some documents, including:

  • Nadex Certification for your entity type
  • Membership Agreement
  • W-9
  • Unanimous Consent Resolution

You will also need to provide additional documents specific to your entity type.

Once your application is approved, you will need to obtain a legal entity identifier (“LEI”) commonly known as a Global Markets Entity Identifier (“GMEI”), which involves a fee.

Contact us for help opening your entity account.

Funding / Withdrawing

For full details on funding by debit card, ACH, bank or wire transfer, visit our Funding/Withdrawing page.

Please visit our Funding/Withdrawing page for detailed information.

To verify your banking details, we need a recent bank statement showing the following:

  • Full Name
  • Address (must match your residential or mailing address on file with Nadex)
  • Full Bank Account Name or Logo
  • Full Account Number (If only the last digits are shown, please upload a voided check as well)

Please note, you may only register an open, demand deposit account (no savings accounts) for which you are an authorized signer.

Please log into the Nadex platform and select My Account > Account Funding > My Wallet. Select the Document Upload tab and Select Document to Upload.

To verify your debit card and ensure we are returning funds to the proper bank account we need a bank statement showing the following:

  • Full Name
  • Address
  • Full Bank Account Name or Logo
  • Full Account Number (If only the last digits are shown, please upload a voided check as well)
  • Any posted Nadex debit card transaction

Please log into the Nadex platform and select My Account > Account Funding > My Wallet. Select the Document Upload tab and Select Document to Upload.

You can send funds by wire transfer. Click the Deposit Funds button at the top left of the platform and follow the instructions.

On your first deposit, via ACH or check deposit you can be granted up to $500 in Real-Time Account Funding (RTAF), allowing you to trade right away while your deposit clears. Accounts in good standing can receive up to $1000 in RTAF for subsequent deposits.

To have your demo account funds replenished back to $10,000 please email your request to [email protected] or call us at 312.884.0100.

Member funds on deposit with Nadex are held in segregated bank accounts at BMO Harris Bank and Fifth Third Bank in accordance with CFTC Regulations.

BMO Harris, headquartered in Chicago, is a leader in providing financial services to the futures industry. BMO Harris is an integrated financial service organization providing more than one million personal, business and corporate clients with banking, lending, investing and wealth management solutions.

Fifth Third is a diversified financial services company with more than $139 Billion in assets and is a leader in providing financial services to the futures industry. Fifth Third provides financial services and solutions for more than 1.6 million clients in the personal, business banking, corporate banking and wealth management segments.

Trading Platforms

Nadex for Desktop Browser-based trading platform that works on PC, Mac, and Linux.
NadexGO for Mobile Fast, smooth progressive web app that works on iOS or Android, any device or screen size. No download or installation required. Always updated.
Nadex Demo Full-featured virtual account to test drive both the desktop and NadexGO platforms.

Both Nadex for Desktop and NadexGO work with any modern browser on Windows, Mac, iOS, Android, and even Linux.

NadexGO for Mobile is a next-generation progressive web application that runs on any device with no need to download or update an app.

The legacy apps are no longer available from the Apple or Google Play stores. Simply login via the Nadex website on your mobile device or tablet for a full trading experience.

Click on the chart icon to the right of any contract name to open a chart. Click on the downward arrow to the right of the icon to see more options. The Nadex binary ladder chart is a powerful combination of charting and order placement, all from one window.

Trading on Nadex

Account setup Free
Platform fees None
Inactivity fees None
Trading fees $1 per contract to open. Another $1 settlement fee to close the trade, either at or before expiration. However, if your binary option expires at zero, we’ll waive the closing $1 settlement fee. View our Trading Fees page for more details.

You need an initial deposit of $250 to start trading. The easiest and fastest way is using a debit card from your bank checking account.

All Nadex contracts have strictly limited risk. The maximum possible profit and loss are displayed on the order ticket before you confirm the trade. To open a trade, you have to have that maximum risk amount in your account as collateral. Otherwise, the trade won’t go through. You can never lose more than this amount on the trade. This policy also means you’ll never get a margin call.

Under the Learning Center menu you will find our extensive and always-growing library of courses and trading examples. You can watch a 30-minute video walkthrough of Nadex and our online platform. Or sign up for one of our webinars where you can ask questions and watch real-time trading examples using the platform.

Once you’ve logged in to the platform, you can also click the Help button any time.

The strike price is the price you believe the market will go above or below at expiration. If you buy an option, you get the $100 payout if the market expires above the strike price. If you sell a binary option, you get the $100 payout if the market expires at or below the strike price.

Buyers are willing to buy a contract at the price they bid.

Sellers “offer” to sell a contract at a certain price, called the offer.

When a buyer’s bid price and a seller’s offer price match, they can make a trade at that price. As the exchange, Nadex executes the transaction.

The bid and offer size show the number of working orders at that moment from traders who want to buy or sell. Please note that even when the bid or offer size is zero, you will often still be able to make a trade. Once you make your own bid or offer, it will appear in the bid or offer size total and other traders are free to accept it.

A working order is a request you have sent to the exchange: to buy from a seller or sell from a buyer. When you place the order, it will show up in the Working Order window. You’ll see that your account balance doesn’t move while your order is working. You are not in the market at this point, but waiting for your order to be filled.

Once a working order is filled, it becomes an open position and will appear in the Open Position window. As the market moves up and down, the value of your position will go up and down as well. You’ll see your account balance change as the price moves.

At expiration, your open position will close automatically at the settlement price. With a binary option, that will be either zero or 100. At this point, it is considered a closed position and will move to your order history. You can also choose to close your position early.

For binary options, the settlement value is the payout you receive at expiration or exit. If you hold the binary until expiration, this value is either 100, if the contract expires in the money, or zero if it does not. You can also can also close a position before expiration, either to take profits or cut losses. In that case, the settlement value is the price at which you exit.

Spreads have a price floor and ceiling, so the payout will vary based on where the market is at expiration time. It can’t go lower than the floor or higher than the ceiling, no matter how far outside that range the underlying market is.

  • If the expiration value is at or below the floor level, the settlement value will be the floor level
  • If the price is between the floor and ceiling, then the spread will expire at that price.
  • If the expiration value is at or above the ceiling level, the settlement value will be the ceiling level

The indicative index and charts at Nadex are an indication of where the market price of a given Index, Commodity, or Forex pair is currently trading. It is not the definitive settlement price.

The indicative index is displayed to Members via Nadex collecting the the underlying market data, applying the settlement value calculation, and then displaying the data to the platform. While this data is a highly accurate indication of where the market may settle and is pricing at in the given moment, it again, is not definitive.

Please see Settlement Value above.

Nadex uses different calculation procedures for normal and highly active markets.

Highly active markets:

FX (Currency):

Where 10 or more midpoints are collected in the last 10 seconds before expiration, Nadex includes all midpoints collected during that time period in the data set used to calculate the contract’s expiration value. We remove the highest and lowest 30% of midpoint prices. If this would result in a non-integer number of prices, we will round down to the nearest integer the number of prices to be removed. We then average the remaining midpoint prices and round to one decimal point past the precision of the underlying market.

Indexes & Commodities:

Where 25 or more trades are collected in the last 10 seconds before expiration, Nadex includes all trades collected during that time period in the data set used to calculate the contract’s expiration value. We remove the highest and lowest 20% of trades. If this would result in a non-integer number of prices, we will round down to the nearest integer the number of prices to be removed. We then average the remaining trade prices and round to one decimal point past the precision of the underlying market (except for the Wall Street 30 which will be rounded to the point of precision of the underlying market).

Normal markets:

FX (Currency):

If it takes more than ten seconds to collect 10 or more midpoints in the data set, Nadex calculates the expiration values for spot FX as follows:

  • Take the last 10 midpoints (10 pips wide or less) in the underlying market, before expiration
  • Remove the highest 3 prices and lowest 3 prices.
  • Take the arithmetic average of the remaining 4 prices and round to one decimal point past the precision of the underlying market

Indexes & Commodities:

If it takes more than ten seconds to collect 25 or more trades in the data set, Nadex uses the following process to calculate the expiration value:

  • Take the last 25 trade prices in the underlying market
  • Remove the highest 5 prices and the lowest 5 prices
  • Take the arithmetic average of the remaining 15 prices and round to one decimal point past the precision of the underlying market (with the exception of Wall Street 30, which is rounded to the same precision as the underlying market)

The market prices we use to calculate the expiration values for index and commodities contracts are obtained through a data feed from Reuters. If Reuters is unavailable, we may obtain market pricing data through Bloomberg or another data provider that we deem appropriate under the circumstances.

The market prices we use to calculate the expiration values for Forex contracts are obtained through a proprietary data feed (“NadexFX”) comprised of quotes from well-known banking institutions. If NadexFX is unavailable, we may obtain market pricing data through Bloomberg or another data provider that we deem appropriate under the circumstances.

For more specific details, please see the individual contract in the Nadex Rules.

In simple terms, futures contracts are based on the expected future price of a product. The cash or spot price is the price people are currently paying, to exchange euros for yen, for example. Some products, like gold, have both futures and spot markets.

Nadex binary options on forex pairs are based on the spot price. Binaries on commodities and stock indices are based on their futures markets.

Sometimes you won’t see any bid or offer volume, but if you place your order, a market maker (or other trader) will match your order and you will get filled.

However, if you place an order for a price far from the current price, you may find no one willing to take the other side, at least not right away. In many cases, you can leave the working order on and wait. When the pricing becomes more favorable, or someone decides it’s worth taking a chance, your chances of getting filled will improve.

Nadex has at least two large institutional market makers to provide liquidity to the markets even when there are few individual or smaller traders active. However, like other traders, they exercise reasonable discretion about taking trades with a low probability of success. You should know that Nadex itself never takes the other side of a member’s trade and does not engage in any other trading activity.

You also have the choice of liquidating at the current market price, where you have a better chance of getting filled right away.

If the market is just a few minutes or seconds from expiration, you may also find no takers for your bid or offer. In that case, your option will settle at expiration.

Every trading day between 5pm and 6pm we perform certain required maintenance and accounting procedures. This allows us to ensure that all transactions have been executed correctly, all member account records are up-to-date and correct, and our exchange systems are functioning properly.

Nadex Market Orders with Protection (MOP) let you buy or sell with the security of knowing that you’ll only get filled at or near the current market price within a tolerance level you choose. We protect you from accidentally getting filled at a price far away from what you wanted—this is especially important in fast-moving markets.

A MOP has a built-in tolerance range, outside of which you can’t get filled. The default range is $10 for binary options and $3 for spreads. You can adjust those numbers in My Account/Settings/Preferences.

If the market price is outside this range, the order will not go through. The order will also not stay on the book as a working order. It will just get cancelled.

Here are some specifics of how the MOP works:

  • If the market order can be filled at the market price, or better, it will be filled in whole or in part immediately
  • If it can’t be filled at the market price or better, the Exchange will perform a bid/offer spread check. If the bid/offer spread is more than 10 for binaries or 4 for spreads, then the market order will be cancelled. However, if the bid/offer spread is acceptable, the Exchange will try to fill you within the tolerance range (default of $10 for binaries, $3 for spreads but user adjustable)
  • Whatever doesn’t get filled immediately at the market price or within the tolerance range will get cancelled. It won’t get filled at some other price outside the range
  • Unfilled orders won’t continue working. Use a limit order to do that

You must have enough available cash in your account to cover the cost of buying or selling at the furthest point in the tolerance range. If you get filled at less than that, you will only risk the amount based on your actual fill.

Your order ticket will have some new features:

  • First of all, you’ll now see a drop-down menu that lets you choose between a limit order and market order.
  • Your maximum loss will now reflect the maximum you could lose if you get filled at the extreme of the tolerance range. Once you are filled, you’ll see the actual cost, which may be less than that maximum.

Nadex is an exchange that matches our members’ buy orders opposite other members’ sell orders and vice versa. Your trade may be matched against another individual market participant, or it may be matched against a market maker on the exchange. Nadex has multiple market makers providing liquidity to its markets. Market makers are typically independent proprietary trading firms that have vast experience in providing liquidity in numerous products and asset classes.

One of Nadex’s market makers is an affiliate of Nadex, Market Risk Management, Inc. This affiliated entity may be on the other side of your trade; however, Nadex itself does not engage in any trading on the exchange and does not give any trading advantages to its affiliated market maker. Nadex’s revenue comes from our exchange fees, not trading results, and we do not benefit from the trading activity of our affiliated market maker versus any other market participant.

How to Trade Binary Options with Nadex Step by Step Guide

Nadex binary options are fast becoming the only choice for US binary options traders. This is a “How to” guide for trading binary on this unique platform.

How to Trade Nadex Binary Options in 6 Steps

  1. 1. Log on to Nadex platform. Sign up is simple and free, the minimum deposit is low at $250. Some US and most non-US applicants will need to verify their identity or residential address by sending in the required documents. This is meant to protect user’s account and to comply with AML/KYC rules.

2.Choose an asset. Use the Asset Finder tool in the left sidebar window. Assets are listed by asset class, asset and expiry.

3. Choose expiry. After clicking on your chosen asset class and asset expiry information will appear, click on your target expiry to call up available strike prices.

4. Choose strike. Strike prices are listed in the main window. The most heavily traded strikes are the ones closest to the assets current price. Clicking on a strike price will call up the order ticket.

5. Build your ticket. Order tickets list expiry time, strike price, bid/offer prices and the depth of the market. You choose to buy/sell, the number of lots to trade and the price you are willing to pay.

  • 6. Monitor your trade. After your order is filled, monitor your trade. You can either hold it until expiration and get a full payout or you can get out of the position (by buying or selling) at any time you wish, in order to cut losses or capture profits.
  • Important Reading Before Implementing the 6 Steps

    This is a How-To guide for binary options trading on the Nadex platform. If you don’t know anything about Nadex, please read this Nadex Review first. This is not a strategy article, system article or any kind of scam. We here at recognize the growing need of education for this platform as it is fast becoming the only choice US traders. On the surface it is a little more complicated than spot binary in the European style but once you get the hang of how it works it gets a lot easier. The most important thing to remember is this; with European style binary options the price you pay is what you choose, it stays the same, the strike prices is what changes with the change in the price of the underlying asset. In Nadex the strike prices are static and the price you pay is what changes as the price of the asset moves up and down. The difference with Nadex makes for two different approaches; you can simply try to buy low and sell high, or you can try to buy when the asset price is below the strike and hold the option until expiry for your binary payout.

    A quick reminder. Nadex binary options work in the 0-100 method. This means that when you buy an option its price will be between $0 and $100 depending on the price of the underlying asset. If you buy an option for $55 and hold it to expiration, and it closes in the money, you get $100 in total, minus fees. Keep in mind that at this point you’ve already paid $55, thus your profit will be $100-$55, so $45 profit, minus fees. If you hold it and closes out of the money you get $0. If you choose to sell it before expiration you will get whatever the market price is at that time.

    Another reminder. With Nadex you can buy and sell to open, unlike EU style where you buy a call or buy a put depending on your analysis. At Nadex a buy to open means you are bullish, it’s like a call. Your account is charged, if you lose you lose the price you paid, if you win you receive $100 per lot (which is not all profit, as explained in the previous paragraph).

    There’s a seller for every buyer and you can be that seller if you so choose. If you are selling a binary option priced at 30, your worst-case scenario is a settlement of 100. If you click Sell, your order ticket will show your maximum risk as 70 points (100 – 30) times $1.00 per point or $70.00. As a seller, you put up $70.00 in collateral to execute the trade, in other words, you are risking $70 and your potential reward is $30. The best case scenario (when selling) is a settlement of 0 (the option expires worthless), in which case the seller gets $100 minus the initial sell price. In this case, you paid $70 to be a seller, so your maximum reward would be 100 – 70 = $30. For the purpose of this example, trading fees were left out.

    A 6-Step Guide For Trading Nadex Binary Options

    Step 1:

    Step one is to log on to the platform. The first thing you will see will most likely be some messages, all you have to do is click on them to make them disappear after you read them of course. At that point, you will be left with the home screen of the trading platform. On the left-hand side, you will see the asset/strike finder. Use this to scroll through available assets along with their listed expirations. This screen is set up to automatically show the most active binary with daily expiry but you can change this later if you want. Notice how the bid and offers for some options are highlighted, these are live trades as they happen. Blue is for buy, red is for sell. Open trades you make are listed at the bottom of the screen.

    Step 2:

    Step 2 is choosing an asset. Look to the left sidebar. It lists binary options and call spreads for forex, indices, commodities and a few other choices. I choose forex binary for this example. When clicked, forex binary provides another drop down with all the available pairs.

    Step 3:

    Step three is picking your expiry. What you need to do here is choose the expiry time for the asset you want to trade in the finder window and then click on it. When you click on it all the available strikes for that asset with that expiry are shown in the main window.

    Step 4:

    Step 4 is choosing a strike price. Once you’ve pulled up all the strikes for the expiry you want you can choose which one is the best. This screen shows the actively traded strikes, time to expiration, strike prices, which ones are ITM and OTM and what the bid/offers are for each strike. It is recommended to choose a more actively traded strike rather than a less actively traded one in order to ensure a fill, if no one wants to trade the option of your choice then you may not get it. Once you’ve decided the strike you want to trade click on it for the next step.

    Step 5:

    The last step is placing your order. On the order ticket choose the order type, either buy or sell. Then choose the size of the trade, this is done in lots. If the options cost $65 and you want to trade $500 then you will want to choose 7 lots ($455) since there are no partial lots. By choosing the price you are able to control to some extent the price you pay, the caveat is that if your price is too low you may not get your option. When the ticket is filled out click “Place Order”, confirm and you are set.

    Step 6:

    Monitoring your trade. The beauty of Nadex is that any option can be closed at any time, regardless of expiry. There are no windows in which a close-now feature will work. If the asset moves into the money and your option shows a profit you can close it so long as you can get a fill on your ticket. Likewise, if the asset moves in the wrong direction. You can sell at any time in order to cut your losses, the only catch being you have to get a fill. The same is true if you sell to open. You can buy that position back at any time so long as you are willing to pay the bid prices.

    Below is a video by Nadex: how to place a trade

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    Play with Nadex on the Demo Account

    To practice everything I’ve described thus far, Nadex offers one of the best binary options demo accounts on the market. It is hands down the #1 when compared what anyone else has to offer, I mean, who else has a demo that is fully funded, never expires and functions exactly the same way as the real-money platform without a deposit? The average run of binary options demo account has at least some kind of string attached and at worst is nothing more than a marketing gimmick with no true value for traders. All too often your demo account will turn out to be bonus money to tie up your real deposit, or will only last a few hours or days in order to whet your appetite, or is obviously not the same as the live platform.

    Not so at Nadex. The demo is exactly the same as the real thing. The only difference is that since it is demo trading and no one is really buying and selling it takes an actual purchase on the live platform to trigger a trade on the demo. This is what I mean; if you enter a market order on the demo it won’t fill immediately as it would in live trading, it will take an indicated buy transaction from the live platform to trigger the fill.

    Getting a Nadex demo account is easy and pain-free. All you have to do is sign up to Nadex. There is no need to give any financial information, you don’t have to make a deposit and you don’t have to talk to anyone. All you have to do is sign up, it’s easy, you could do it right now. Once you are logged in, you have full access to the account which duplicates the entire Nadex platform. The balance starts off at $25,000 and can be added to, there is no time limit it will last forever, or as long as Nadex is around.

    Trading with Nadex – Take It From Here!

    Once you get familiar with the platform and its inner workings trading becomes much easier. The key is expiry and strike price, and mostly expiry so I suggest becoming very familiar with how that works. My tip; if you know which strike and expiry you are targeting you can call up an order ticket and get it ready, that way you will experience the least amount of lag time between when you spot your signal and when you place your order. After that all you have to do is watch your charts, identify your signals and take your entries.

    Strategy: You can use any approved binary options strategy at Nadex, the technical signals are the same, the only difference is in how the platform operates. Before using any trading strategy, make sure you understand how it works by using it on a Demo account.

    Is 1Mobile Market Safe?

    There are a lot of third-party apps and app stores on the internet. Now, you can bank on some of the popular ones to be safe. But what about this one? Is 1Mobile Market Safe to use or not? We’ll discuss that in this post.

    Is 1Mobile Market Safe?

    The answer to this question may be different from person to person. Some might consider 1Mobile Market to be unsafe due to its third-party origin. But no one can guarantee you that it is completely safe to use. As it is a third-party app, it hasn’t passed Google’s Security standards.

    So it would be better if you use the app to use only the popular apps and only the ones that have good reviews on them. If you want to ask anything else, contact us at APKPie.

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