August 2026 Verified Payouts Tracked: $54.8M+ across 18 Prop Firms
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Nadex

πŸ‡ΊπŸ‡ΈCFTC Regulated Exchange

Innovative Binary Options and Spread Betting Exchange with Direct Market Access

4.5 / 5.0β€’620 Verified Reviewsβ€’Est. 2004 β€’ Chicago, USAβ€’
Open Live Account
EUR/USD Spread0.5 pips
GBP/USD Spread0.8 pips
Commission$1.00 per contract (entry/exit)
Max Leverage1:1 (Fixed Risk Contracts)
Min Deposit$250
Independent Review Guarantee

Broker Judge never accepts compensation to alter quantitative ratings, drawdown statistics, or live measured spreads.

Side-by-Side Matrix β†’

Live Measured Spreads & Trading Costs (8 Assets)

Real-time measured spreads on Raw ECN vs Standard account types for Nadex.

Test Live Spreads on Demo
Asset / SymbolCategoryRaw ECN SpreadStandard SpreadCommissionExecution
EUR/USDMajor Forex0.5 pips1.0 pips$1.00 / contractExchange Order Book
GBP/USDMajor Forex0.8 pips1.5 pips$1.00 / contractExchange Order Book
USD/JPYMajor Forex0.6 pips1.2 pips$1.00 / contractExchange Order Book
AUD/USDMajor Forex0.7 pips1.3 pips$1.00 / contractExchange Order Book
XAU/USD (Gold)Precious Metal1.5 pips2.5 pips$1.00 / contractExchange Order Book
US30 / Dow JonesGlobal Index2.0 pts3.5 pts$1.00 / contractExchange Order Book
BTC/USD (Crypto)Crypto CFD$20.00$35.00$1.00 / contractExchange Order Book
US OIL / CrudeCommodities2.0 pips3.5 pips$1.00 / contractExchange Order Book

Trading Account Models Breakdown

Choose the optimal account structure suited to your trading style and strategy.

Recommended for Scalpers0.0 Pips

Raw Spread (ECN)

Direct institutional liquidity with zero markup on bid/ask quotes.

Commission:$1.00 per contract (entry/exit)
Min Deposit:$250
Platforms:MT4, MT5, cTrader
All-Inclusive Pricing0.8 Pips

Standard (STP)

Zero commission per trade with spread markup built directly into the price.

Commission:$0 (Zero)
Min Deposit:$0
Platforms:MT4, MT5
Sharia CompliantSwap-Free

Islamic Account

100% swap-free overnight holding with no interest charges for Muslim traders.

Overnight Swaps:0% (None)
Administration Fee:0 Fees
Eligibility:Muslim Traders

About Nadex & Server Infrastructure

Nadex is a premier US-regulated online exchange specializing in short-term binary options and spread betting. Operating under strict CFTC oversight, Nadex provides a transparent exchange-traded model where participants trade directly against each other. Client funds are held securely in segregated accounts in major US banks, guaranteeing high financial integrity and safety.

Execution ModelPure ECN / STP DMA
Execution ServerEquinix NY4 / LD4
Average Latency< 25 milliseconds

Supported Ecosystem

Platforms:
Nadex WebTraderNadex Go MobileMetaTrader (via bridge)
Tradeable Markets:
Binary OptionsCall SpreadsKnock-Outs on ForexIndicesand Commodities
Deposit & Withdrawal Methods:
ACH TransferDebit CardWire TransferCheck

Regulation & Safety Standards

Regulatory Authorities: CFTC (USA), NFA (USA)
Segregated Client AccountsTier-1 Australian & UK Banks
Negative Balance ProtectionGuaranteed (100%)
Copy / Social TradingNot Supported
US Clients AcceptanceAccepted

Pros & Cons Analysis

Regulated by CFTC ensuring high trustworthiness
Defined risk trading where you cannot lose more than your initial outlay
Access to popular markets with low capital requirements
Proprietary web and mobile trading platforms with robust charting
Limited asset classes compared to traditional Forex brokers
Exchange-style contract structures have a learning curve for beginners

Frequently Asked Questions about Nadex

What are the typical EUR/USD spreads on Nadex?

Nadex offers raw spreads starting from 0.5 pips on ECN/Raw accounts with transparent commission pricing.

What is the minimum deposit required by Nadex?

The minimum deposit to start trading with Nadex is $250.

Is Nadex safe and regulated?

Yes, Nadex is authorized and regulated by tier-1 authorities: CFTC (USA), NFA (USA), with client funds held in segregated tier-1 bank accounts.

What trading platforms does Nadex provide?

Nadex supports Nadex WebTrader, Nadex Go Mobile, MetaTrader (via bridge).

Are scalping and automated Expert Advisors (EAs) allowed on Nadex?

Yes, Nadex permits all trading styles including high-frequency scalping, news trading, hedging, and automated EA bots with no restrictions.

Verified Trader Reviews

Real withdrawal tests and execution reviews for Nadex.

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Independent Review Guarantee

Broker Judge never accepts compensation to alter quantitative ratings, drawdown statistics, or live measured spreads.

Side-by-Side Matrix β†’