Nadex vs M1 Finance
Nadex | M1 Finance |
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4.3
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3.9
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Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app. |
M1 Finance is a US brokerage that allows users to build a customizable investment portfolio from a range of 6000+ stocks and shares, ETFs and cryptocurrencies. The innovative 'pie' based portfolio management system allows traders to build several portfolios with different aims, and the brokerage supports machine-learning tools that can provide automated portfolio management. |
Bonus Offer | |
M1 Finance Plus free for 3 months on new accounts | |
Comment by Reviewer | |
"Nadex maintains its position as a top binary options exchange in the US, with robust licensing, competitive fees and a bespoke, feature-rich charting platform. The $10,000 free demo account and range of educational resources make it a particularly good pick for beginners." | "M1 Finance remains a great choice for US investors who want a straightforward, commission-free way to invest in stocks and crypto. The intuitive dashboard, customizable portfolios and fractional shares should appeal to all experience levels and investing goals. " |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Binary Options, Knock Outs™, Call Spreads | Stocks, ETFs, OTC stocks |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$250 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | $1 |
Regulator | |
CFTC | SEC, FINRA |
Margin Trading | |
No | Yes |
Margin Rate | |
3.5 - 5% | |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
NadexGO | Yes |
App Review | |
NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app. |
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Auto Trading | |
Yes | Yes |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | Yes |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$10 | $20 |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
Forex Trading | |
Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex continues to offer a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly. | Forex trading not offered |
Forex App | |
NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app. |
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GBPUSD Spread | |
0.25 pips Var | |
EURUSD Spread | |
0.25 pips Var | |
EURGBP Spread | |
0.25 pips Var | |
Assets | |
11 | |
Cryptocurrency | |
Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token. | M1 Finance users can open a crypto account to invest in 10 cryptocurrencies including Bitcoin, Ethereum, Cardano and Solana. You can also invest in six crypto-related funds and ETFs, which are a good way to get broader exposure to the digital currency market. |
Spread | |
Variable | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds. | Binary options trading not offered |
Payout | |
Exchange (See Full Review)% | |
Expiry Times | |
5 seconds - 1 week | |
Ladder Options | |
No | No |
Boundary Options | |
Yes | No |
More Comparisons | |
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