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#USE NADEX APP HOW TO#
A five-minute video tutorial is available that delivers a step-by-step instruction on how to place a binary options trade on the Nadex trading platform. Traders have to select the asset, direction and expiration time. The Nadex trading platform is straightforward. Nadex may ask for additional documents from traders to confirm ownership of the bank account or credit/debit card. They can locate the option under My Account. Therefore, Nadex operates as a legitimate and trustworthy broker.Ĭlients must request withdrawals from inside their trading account. It complies with the rules and regulations and has a clean track record. Nadex is a US-based broker with rare oversight from the CFTC. Overall, the pricing environment is acceptable, especially for traders using larger lot sizes, and traders can see all spreads and fees clearly on the company's website.Īll costs remain listed and explained on the Nadex website, including the Nadex spreads, available under contract specifications. A $10 monthly inactivity levy applies after twelve months. The minimum tick size for spot Forex trades is 0.25, resulting in a tick value of $0.25 for binary options and $1 for call spread and knock-out contracts. The only other fee listed is a $25 charge on bank wires, which is not uncommon for US-based banks and other financial institutions. Spread and knock-out contracts carry the same $1 cost structure per contract and a $1 settlement levy on expiry, irrelevant of the outcome. An out-of-the-money transaction, when a trader faces a loss, incurs no further costs. A contract that expires in-the-money, when a client earns from a trade, faces an additional $1 settlement fee. Nadex charges $1 per entry of a binary options contract and exit before the expiry of it.