NADEX Account Features
Nadex is one of the only US regulated binary option exchanges. All traders need to do is sign up and choose between various trades, or contracts, as they call them. Signing up is free but it is important to emphasize that there are various fees that apply while trading.
Nadex offers only two account types to choose from, with only one being a real trading account, and other being demo account. Our review showed that after a long time, Nadex started to accept non-US residents as well.
Demo Trading Platform is basically a demo account. Nadex review showed that this is the best way to start binary options trading even for more experienced traders who never traded in the US market before, as Nadex is a bit different than regular brokers. Demo account is completely free and requires only basic information such as name, country, phone number, email, and username. Every trader gets $25,000 in fictional money that enables experiencing the platform and placing trades.
Trader platform is something that could be considered regular account, as it gives traders fast, reliable and easy access to the trades. The traders are presented with real-time charts that give detailed insight into trades and makes decision-making a lot easier. In order to make a profit, traders can customize their account in accordance to their needs.
As Nadex is not an ordinary broker, it doesn’t offer traditional bonuses in money, but has special “Fee Holiday Bonuses”. Our Nadex review showed that their bonuses are fee free days that can be used in order to avoid fees. The free trading days begin from the day the first trade is placed, but in case a trade continues to the next day, that is not free, the benefits of the free day will not apply. The bonus days are awarded as listed below.
- 2 days, for $500 initial deposit
- 4 days, for $1,000 initial deposit
- 6 days, for $3,000 initial deposit
- 8 days, for $5,000 initial deposit
- 10 days, for $10,000 initial deposit