Nadex.com is a website which says that they provide a safe, secure, and reliable trading platform for their investors and traders which focuses on option trading for stocks, currency pairs, commodities, and indices on the exotic options market.
The Nadex trading platform focuses specifically on the trading of “binary options.” This type of trade is one where you decide whether a stock, currency pair, etc, will go up (Call) or down (Put) during a specific time period.
A binary option is a type of investment where the payout is fixed or known in advance. The investor understands up front that they will receive a specific return on their investment or nothing at all.
Nadex.com allows their investors to trade binary options between $0 and $100, with a a trading fee of 90 cents on each side of the trade, once to open and once to close, with a maximum fee of $9 per side.
Other than basic trading fees, however, they promise to charge no setup costs, no commissions, no platform fees, and no data fees.
Many new investors may wonder if this type of trading is safe, especially because it can be associated with Forex trading strategies, which has been controversial in the past, and these investors will be happy to know that binary option trading is a legal trading practice.
However, Nadex.com says that not all binary option trading platforms should be trusted. Their website says that the Commodity Futures Trading Commission (CFTC) recently issued an Investor Alert warning about fraudulent schemes involving binary options and their trading platforms.
Most of the trading platforms that are suspected of fraud are based overseas, according to the site, while in contrast Nadex.com is operated legally in the United States and registered with the CFTC, a government agency that oversees the regulation of futures, options and swaps trading.
In addition they promise to offer full transparency on every trade with the ability to back out of trades before they reach their expiration time, so customers who have complaints or reservations about a trade have a reasonable recourse.
If you have any experience with this website, please leave your Nadex.com reviews below.
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