center for worklife logo

Nadex Review (2022): Is It Actually Worth It?

By: Hope
By: Hope
Welcome to my Nadex review. My goal is to answer common questions like: how much it costs, if it's a scam, & if you can actually make money with it. The end goal is to help you understand if it's a good fit for you personally, and if there are any better alternatives out there.
Nadex Review


This Nadex review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

What I Liked

What I Didn't Like

Before we get into it... who am i?

Always good to put a name to a face, so firstly, my name is Hope!

Like you, I was stuck working 8-10 hour days building someone else’s dream.

I worked at one of those cool tech companies that has omelet stations for breakfast & craft beer on tap for after hours.

To a lot of people that’s a dream, but to me… something was missing.

All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

That was until a few years ago when I discovered a way to make money online by actually helping real people. 

People in this case were local business owners across the US.

Me and My Puppy

The page above is an example of how I do it. That one-page site generates $1,500/mo and I haven’t even touched it since it was put up.

That’s an $18,000/year raise from just one page.

That’s why local lead generation is my #1 business recommendation for recurring, semi-passive income. If you want to learn about that business model, click here.

Important: I am not an affiliate

for Nadex

Why Does That Matter?

A lot of course reviewers have no experience with any of the business models or programs they review, and so they’re just making stuff up.

They do that because they want you to click through their link to buy from the person that the review is about!

They have no clue what it’s actually like to run the type of business Nadex is teaching you to do.
I have absolutely no relationship with Nadex, so you can rest easy knowing that I’m going to give you my honest opinion
This review is written based on my own experiences with stock trading.

All that being said, let’s jump into things.

This review will go over Nadex to see if it really is the best Day Trading course out there.

You’ll learn whether Day Trading is the right online business for you.

If you’re like most of my readers, you came across Nadex for one main reason:

You want to make more money than you currently make by leveraging your existing resources.

Maybe you’re even looking for a quick turnaround on some of your cash, instead of waiting years or even decades for it to double.

Well, you’re in good company – who wouldn’t want all of that?

There’s one thing you need to watch out for though: legitimate scammers.

The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.

But for purposes of this review, let’s assume these people had the best of intentions.

Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…

Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…

But if you mess up and miss a trade even once, your month can turn sour pretty quickly.

Suffice it to say, there’s a whole lot of stress & uncertainty.

Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.

But what if you could build a different income stream, and start seeing profits within your first few days?

I’m talking about a system that doesn’t require:

  • Obsessively checking your phone and charts
  • The emotional turmoil of loss after loss, waiting for that win
  • Glorified gambling

Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?

A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?

If that sounds interesting, you might want to think about becoming a Digital Landlord.

If you wanna see what Nadex looks like on the inside, keep reading.

Nadex Review

the Nadex Review

Nadex provides an excellent platform for day traders, low fees, and reliable customer service.

Have you ever dealt with options trading? A regulated, authorized platform is necessary for optimal performance and security.

In this sense, Nadex is unbeatable.

Binary options are permitted in the US, but only through a CFTC-regulated exchange. And Nadex is one of them. Nadex offers rates and services that even unregulated platforms can’t match. Have questions?

Let’s go!

Nadex Overview And Summary

Nadex Overview And Summary

  • Nadex is a 2009 North American Derivative Exchange.
  • In 2019, IG Group relocated its headquarters to Chicago, where it launched a new website to revolutionize foreign exchange trading.
  • Nadex specializes in binary options and spread trading.
  • Nadex spreads offer traders considerable leverage advantages.
  • Nadex has minimal, transparent fees and good leverage.
  • Nadex offers a free desktop trading platform for PC and Mac. The platform is simple but fast, trustworthy, and intuitive.
  • The website lacks research tools and insights. There is limited research on particular stock indices and no third-party research providers; thus, traders who value research must do so alone.
  • Nadex is best suited for active, experienced day traders.

What Is Nadex? A Forex + Binary Options Broker

What Is Nadex

Founded in 2009, Nadex is a derivatives exchange in North America. Their specialty is trading in binary options, call spreads, and knock-out contracts.

Since the market for binary options is regulated, trading them is perfectly legal in the United States. The IG Group owns this London establishment.

On January 1, 2019, IG’s North American branch reopened an FX brokerage firm in Chicago, claiming it had more to give US retail FX traders than the limited competition.

The new forex markets broker joined Daily FX and Nadex in January 2019 under IG Group LLC’s US division. As a result, it returned to Chicago and developed a new website, aiming to revolutionize FXtrading.

Despite firm hopes, the company remained silent until late 2019, when CEO Tim McDermott was replaced by Ian Peacock, President of IG’s US division. The corporation made a risky yet thrilling move.

IG Group executives commented on this, saying:

“We are thrilled about the potential here. We believe in our brand, high levels of customer service, and tighter spreads. Before IG, there were only three retail margin FX providers in the US, with an estimated 90,000 active margin FX traders.”

Is Nadex Safe?

Nadex is a reliable US exchange that operates within the law in the United States and is governed by the Commodities Futures Trading Commission.

The company is a CFTC-approved Contract Market and Clearing Organization for Derivatives.

“To safeguard market users and the public against manipulation, fraud, abuse, and systemic risk,” says the CFTC.

Nadex goes above and above to protect clients’ personal data. All money is held in segregated accounts at Fifth Third Bank and BMO Harris Bank. Also, Nadex’s pricing is transparent and clearly describes its products, markets, and trading platform.

Suppose you want to trade binary options with an offshore broker or provider. In that case, you should question whether they are based in the US and allow them to solicit consumers in the US. “Hint: it isn’t.”

What Is North American Derivatives Exchange?

What Is North American Derivatives Exchange

Previously known as the HedgeStreet Exchange, North American Derivatives Exchange, Inc. (Nadex) is a retail-oriented, online derivative exchange regulated by the Commodity Futures Trading Commission (CFTC).

Nadex allows investors to trade small, low-cost, capped-risk derivative contracts in various markets, such as binary options.

Is Nadex A Legitimate, Trustworthy To Trade Binary Options Platform?

Is Nadex A Legitimate And Trustworthy To Trade Binary Options Platform

Nadex is a Designated Contract Market and a Derivative Clearing Organization under the Commodities Futures Trading Commission’s (CFTC) purview. That’s an unusual pairing.

It complies with or exceeds all federal data security and privacy regulations in its practices, including those about customer privacy and the segregation of accounting funds.

Nadex describes itself, what it does, offers, and how to utilize it. Users typically praise the website’s FAQ section for swiftly orienting newcomers.

But, when it comes to building a business, you have plenty of options.

And even if you’re dead set on becoming a day trader, you’ve got way better options than Nadex.

Keep in mind, I don’t get paid to promote any of the programs I review. I personally think Day Trading is a great business model, but you could end up leaving way too much money on the table.

What Is Commodity Futures Trading Commission (CFTC)?

What Is Commodity Futures Trading Commission

The Commodity Futures Trading Commission (CFTC) was established in 1974 as a separate agency of the United States government to regulate the country’s derivative and foreign exchange markets. All options, futures, swaps, and certain indices are included in this category.

An Exchange Vs. A “Broker”

Nadex, a CFTC-registered Exchange and Clearinghouse, follow the following rules:

  • Nadex does not trade and connects buyers and vendors.
  • All customer monies are segregated in top US banks.
  • Unlike brokers, Nadex’s revenue comes purely from exchange fees.

Nadex Investment Products

Nadex Investment Products

Nadex is the first CFTC-regulated exchange, offering a diverse range of markets. Customers can now use binary options and call spread trading on various financial indices and commodities.

Customers can now trade binary options and call spreads on various economic indices and commodities.

Customers can now trade-economic forecasts using two new contract types. Both weekly unemployment claims and nonfarm payrolls are speculated, as is the market’s impact.

“The nonfarm payroll and weekly unemployment claims statistics are big releases that give crucial insights into the US economy,” said Travis McGhee, Nadex CCO. These are significant figures affecting US markets.”

Signing up with Nadex gives you access to all markets and binary options contracts.

What Can I Trade With Nadex?

What Can I Trade With Nadex

Nadex offers various binary options, knock-outs, and call spreads for traders. This is where Nadex shines, and it’s what draws the lion’s share of traders to the platform.

Tradeable asset classes include:

  • Stock Indices (examples include Wall Street 30, US Small Cap 2000, US Tech 100, US 500, China A50, Japan 225, FTSE 100, Germany 30)
  • Forex Pairs (USD/CHF, EUR/USD, AUD/USD, EUR/GBP, GBP/USD, USD/CAD, USD/JPY, GBP/JPY, EUR/JPY, AUD/JPY). Nadex Binary Options and Forex Pairs are based on international standards.
  • Goods and services (examples include metals, energy, and agriculture)
  • Macroeconomic occurrences” (examples include nonfarm payrolls and weekly jobless claims)

Nadex Exchange Platform Trading Hours

Nadex Exchange Platform Trading Hours

The Nadex exchange platform is available for trading 24 hours a day, every day of the year, except Mondays between 5 p.m. and 6 p.m. EST, when trading is halted for routine maintenance.

Otherwise, the following are the active regular trading hours and closures:

  • Monday through Thursday: 6 p.m. EST (previous day) to 5 p.m. EST (trading day).
  • Friday, 6 p.m. EST to 4:15 p.m. EST
  • Nadex is closed on Saturday and Sunday.

Each business day, trading hours, as mentioned above, begin at 6 p.m. EST the previous day and continue until 5 p.m. EST the following day. For example, trading on a regular Tuesday would start at 6 p.m. EST Monday evening and continue until 5 p.m. EST Tuesday.

Nadex Account Options Explained

Nadex Account Options Explained

The four Nadex account types cover both local and international trades. Only one demo and live trading account per person from the same country is permitted.

Uploading images from external documents is possible, and the website provides instructions.

1. Individual (U.S.) account. Opening a personal US account is free and easy (there is no minimum deposit to start using it to trade). You must enter your full name, date of birth, social security number, or visa details.

2. Individual (international) account. To open an individual international account, you must provide your full name, SSN or NIN, and residential address.

3. Training (demo) account. This is a 30-day trial account with $10,000. Anyone who already has a live account can keep their demo account.

You may even test out alternative choices with live trading before you trade. Setting up a training account takes less than a minute and requires no personal information.

4. Business account (domestic only). A business account is accessible for US-based trusts, partnerships, LLCs, and corporations. To open a business account, please email Nadex (

Applicants must sign a Nadex Entity Membership Agreement and a Uniform Consent Agreement and submit formal identification for each account holder. You must also submit papers for your entity type.

Nadex Customer Support

Nadex Customer Support

Nadex’s customer service representatives are well-versed and accommodating. Account professionals are available by live chat or email from 7:00 a.m. to 8:00 p.m. ET Monday through Thursday.

Nadex’s live chat function shows its commitment to customer support.

Special Features With Nadex

Special Features With Nadex

As Nadex focuses on binary options and spread trading, various features enable and facilitate this. Their reviews are excellent, and they may help you improve your trade. Other Nadex features include:

Market Data

Instead of paying for market data through a broker, customers of Nadex obtain it directly from the exchange.

Advanced Charting

Traders can use advanced charts and tools to construct tactics, such as an Out the Money (OTM) strategy.

It allows traders to select markets, analyze charts, and place orders from one screen.

Here’s a selection of charts and technical features available with Nadex:

  • Charts can be easily customized.
  • Intervals: time, tick.
  • Candlestick, mountain, HLOC, line, etc.
  • Oscillators, RSI, ATR, Bollinger bands, moving average, etc.
  • Tools: Fibonacci, Gann, Elliott
  • Create multiple watchlists and switch between them via a drop-down menu. Watchlists can be saved for later use.
  • Users like the fact that there is no search engine involved. Instead, it’s arranged by folders and subfolders.

Also, unlike most broker-based trading platforms, there are a few neat extras. With Nadex, you may obtain real-time market data from the UI.

You can flip between views and tools and even order without ever switching screens. As a result, you can always see your projected profit/loss spread before making a deal.

News Trading

Incorporate market news into binary strangles on Nadex. The exchange provides daily market comments and videos to assist you in determining and planning your next move. Experts at Nadex develop all content.

Nadex Call Spreads

Nadex’s binary options, knock-outs, and call spread all have a maximum profit and loss. This means you will never lose more than the amount shown on your order ticket before you confirm your trade.

Clients of Nadex will not be charged commissions. Traders will instead pay a $1 per contract fee.

Also, Nadex does not charge settlement fees if a binary options contract terminates in the trader’s favor. This is because trading and settlement fees are the primary source of revenue for Nadex. This may reduce trading costs and improve profits.

Nadex Leverage Explained

Nadex spreads ensure traders receive considerable leverage gains.

US forex traders typically get 50:1 leverage. However, Nadex spreads require no margin and are fully collateralized. Nadex products are not leveraged but rather a short-term solution. However, Nadex spreads can be priced lower than market prices in most circumstances.

Nadex Fees: Transparent And Low

Nadex Fees

The fees charged by the Nadex trading platform are straightforward and open. Clients will be notified in advance, and all prices will be explicitly stated. There will be a $25 refunded deposit fee. Overall, Nadex provides inexpensive costs, good leverage, and a low-risk threshold for trading binary options.

The following is the Nadex fee structure:

  • There is no annual cost for account maintenance.
  • Account inactivity fee: $10 per month after 12 months of inactivity.
  • Fee for account funding: There is no fee for ACH transfers from a bank account or debit card.
  • Account wire transfer fee: $25 per local or international transaction.
  • Account check deposit fee: Depositing money from a checking account is free of charge (although the website makes it clear that paying a live account with a savings account or account whose name doesn’t match your Nadex account may result in delays or issues.)

Nadex Pros:

Education With Nadex

Education With Nadex

Nadex puts a lot of effort into explaining binary options and spreads and how they function. Everything is described clearly and simply.

Again, Nadex is not a broker that benefits traders, as Nadex’s long-term success depends on theirs. It’s a win-win.

So it’s in Nadex’s best interest to educate their clients, and they do. The company offers everything from beginner guides to advanced strategies for trading in unpredictable markets.

This reference collection can assist any trader in growing from beginner to expert in a short time while making the best judgments.

Desktop Experience

Desktop Experience

Nadex’s free desktop trading platform functions on both PCs and Mac when connected to the internet. The platform is simple but fast, trustworthy, and intuitive.

The platform is for trading call spreads, knock-outs, and binary options. Therefore it has everything needed for these trades, but not much more.

The charts are configurable, and the indicators include Bollinger Bands, ATR, Moving Average, and RSI. The software also contains drawing tools like Fibonacci and Eliott. Technical indicators are also included.

Mobile Experience

Since August 2018, Nadex has been without an iOS or Android app. Tim McDermott, CEO at the time,

According to reports, unregulated binary bucket shops persuaded Apple and Google to ban binary option trading apps.

Then Nadex introduced NadexGo, an advanced online app that didn’t require any updates. The app gives users access to Nadex’s product selection, real-time market trading data, account administration capabilities, charting, and analytical tools. Like the desktop version, but pocket-sized.

Nadex Cons:

Research & Insights

The website lacks insights and research tools. A small amount of securities analysis is available. However, there are no independent research firms. Thus traders who value research must do so alone.

However, Nadex’s educational section offers webinars with expert market analysis and covers trading instruments in depth. Commentary on certain commodities and currencies is also included.

How To Open An Account With Nadex

How To Open An Account With Nadex

Opening an account with Nadex is a simple process. Simply choose between the US and an international account, both of which are available in 40 countries.

To complete the application, you will need to supply the following information in no more than five minutes:

  • The birthdate
  • Proof of address
  • National Identification Number or Social Security Number

You may be required to supply supporting papers to authenticate your details. Once accepted, you are not required to trade until you are ready.

Does Nadex Offer A Demo Account?

Does Nadex Offer A Demo Account

Traders can access a demo account. You will be given $10,000 in virtual money to play with, and if you enjoy it, you may apply for an account and fund it with a debit card, wire transfer, ACH, or paper check. Traders outside the United States can fund it with a debit card or an international bank transfer.

The Bottom Line

The Bottom Line

Nadex is a fully regulated exchange with some excellent unique features, low and transparent rates, friendly customer support, and an extensive instructional area.

The Nadex platform is impressive, and its mobile version is nearly identical, just in a smaller size. The firm’s research tools and insights fall short the most.

Overall, if you are a short-term binary options or spreads trader, Nadex might be the best choice. It’s available on over 5,000 contracts, covering various assets such as Forex, stock indexes, commodities, and trading on economic events.

Nadex is best suited to active traders interested in day trading.

Are There Alternatives To Nadex?

Other Business Models To Choose From

Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:

Is Nadex A Scam?

Is It A Scam

Alright, time for the $1,000,000 question: is Nadex a scam?

No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as Nadex wants you to think it is.

You need to understand that you are taking a very big risk with financial products.

So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful, it might just shave a decade off your life… IF you even get there.

A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say that most of the “awesome” numbers they use in their ads & landing pages are borderline false.

What they conveniently leave out are the dozens of losing bets and trades that came before the big win you’re reading about.

Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.

I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).

And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).

You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.

All you need is a laptop and an internet connection.

Some of my friends are Digital Landlords that run their 6-figure businesses from:

  • Camping trips at national parks
  • Beachfront in Hawaii
  • On the road in a camper van (with a pet pig!)

They focus on living an enjoyable life first, and focus on income second. All thanks to this program

They can take weeks or months off, and money keeps rolling in.

Living happily is the top priority.

If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!

What Is My Top Recommendation For Making Money Online In 2022?

Make Money Online With Digital Landlord

I’ve personally tried all of the major online business models:

  • I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
  • I’ve sold fidget spinners through Amazon FBA
  • I’ve drop-shipped a toilet bowl putting green on Shopify
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.

Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.


1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.

The number of people that have ACTUALLY beat the market consistently can be counted on one hand.
Why pour your soul into a business that you realistically have zero control over?

When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.

3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.

4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.

But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other programs like Nadex, which might make you money if you luck out.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.

Table of Contents

Best of The Week Testimonial

Hi, I'm Hope!

I make over $20,000/mo thanks to this platform… check it out below!