North American Derivatives Exchange (Nadex) is not new to the binary options industry. They have been around of over a decade (they opened shop in 2004). Make sure to read our Nadex review first.
In this time, they have positioned themselves to be industry leaders, in every meaning of the term. NADEX is an exchange regulated by the CTFC in the US and the minimum deposit is really low. Thus, they offer the utmost guarantee for clients trading activity, and most importantly funds.
Talking about the utmost guarantee for clients funds, NADEX keeps all traders’ funds in segregated accounts on top-flight US banks.
Therefore, while you look forward to learning more about the NADEX minimum amount, you can be certain that NADEX is in a league of its own that is miles above what is currently available in the wider binary options industry.
The NADEX Minimum Deposit Amount
The minimum deposit amount has come a long way in the binary options industry. Once upon a time, the industry standard was somewhere around the $500 mark. Today, that figure has taken a more than 50% cut and the average minimum deposit is $200.
Still, in NADEX books, that is not user-friendly enough. NADEX takes a direct swipe at other established brokers by demanding only $250 as its minimum deposit.
That is half the current average minimum deposit offered by other premium brokers.
There is no catch. You deposit $250 in your account and you can start trading live on NADEX outstanding trading account immediately. NADEX instantly credits your account with every profit you make and you can just as easily withdraw your money anytime you deem fit.
It is worth mentioning that should you choose to deposit the minimum of $250, your fund is also protected in a segregated account at a top-tier US bank. This is the same high-level protection given to clients who deposit tens of thousands of dollars.
Who Can Make NADEX Minimum Deposit
US residents and non-US residents are able to make the NADEX minimum deposit.
The Methods to Make NADEX Minimum Deposit Amount
Both US residents and non-US residents may make the NADEX minimum deposit and any higher deposit amount through a debit card and a wire transfer. In addition, US residents may make deposit using ACH (Automated Clearing House) bank transfer and paper check.
Deposits made by any of the channels except the check would be immediately available for trading. Paper checks take a number of business days to clear, after which the deposited amount would reflect in your account.
It is pertinent to add that you could also seamlessly withdraw using the aforementioned payment channels with the exception of a paper check. That is, non-US residents can withdraw via debit card and wire transfer. While US residents can withdraw via debit card, wire transfer, and ACH bank transfer.
There is absolutely NO fee associated with making a minimum deposit, or any higher deposit, on NADEX. This cuts across all payment options.
When you make a deposit of $250, $250 would reflect in your account and can then be used to trade.
However, if for some reason a case of a returned check occurs, you would have to pay a $25 fee.
NADEX does not offer the staggering bonuses with borderline-annoying terms, conditions, and limitations that other brokers offer.
NADEX is an exchange that only makes money by charging a fixed fee for each contract you enter regardless of the size of the contract.
The bonus offered by NADEX is to give new traders trade-free/free trading days (days where you do not pay the contractual fee for opening or closing a contract). The higher the deposit amount, the more trade-free days you get.
The bonus tier starts at 3 free trading days when you make an initial deposit of $250, and maxes out at 15 free trading days when you make an initial deposit of $10,000.
The $250 NADEX minimum deposit amount represents a low barrier of entry for those who would want to get their feet wet in binary options before putting in more money.
Of course, you can also avail of NADEX demo account that offers $25,000 virtual funds. It is a lifetime account with no expiry date. It offers you the opportunity to get a feel of the platform and binary options trading in general.
Then when you are confident enough, the $250 NADEX minimum deposit will be a good, affordable way to see how your strategies and trading systems can bring in instantaneous consistent profits.