NADEX Review | What Is NADEX?

With interest in binary options increasing within the trading and investment community, it is useful to do a review of one of the primary binary options trading platforms, known as the North American Derivatives Exchange (NADEX); a NADEX review.  NADEX is an electronic trading platform that facilitates trading in a number of financial derivatives, primarily binary options.  NADEX is both a derivatives clearing house, known as a Derivatives Clearing Organization, and an exchange, known as a Designated Contract Market.  NADEX is regulated by the United States Commodity Futures Trading Commission.

NADEX Review | NADEX Strengths and Weaknesses

This NADEX review starts with a look at how usable traders have found the NADEX Internet-based trading platform to be.  The NADEX trading platform is considered easy to use by traders that have used it.  The number of binary options available to trade on the NADEX trading platform is limited, but growing over time.  NADEX provides numerous binary options expiration choices, from one hour to one week, which is considered better than average for the binary options industry.

The crux of the NADEX review is:  what sort of returns does NADEX offer when a binary options contract exceeds the strike price and pays out and how high are the fees charged by NADEX?  NADEX offers a 75% return on binary options trades that are successful and payout, which is considered average for the binary options industry.  The binary options trading fees charged by NADEX are considered to be high by industry standards, and is perhaps the biggest drawback to using NADEX to trade binary options.

A NADEX review would not be complete without discussing NADEX customer support and extra features.  NADEX customer support is considered better than average for the industry, but is not available on holidays or during off-hours.  NADEX is regarded highly for the extra features that the trading platform offers, including an excellent trading demonstration that includes a two week binary options trading account to get a feel for trading binary options on NADEX without using real money.  The NADEX user interface can be customized to suit trader preferences.  NADEX is known for offering more features than most of their competitors in the binary options trading market.

To summarize this NADEX review, NADEX offers a solid customizable binary options trading platform with decent rates of return on successful binary options trades; however, their fees are higher than industry standards, which may be a drawback for some binary options traders.

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