Nadex vs Qtrade

Nadex vs Qtrade Comparison Table 2024
Nadex Qtrade
4.3

Nadex is #8 in our binary options broker rankings.

3.6
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

Qtrade is an award-winning Canadian financial services firm that offers a selection of investing accounts with $8.75 and $6.95 stocks, mutual fund trades and 100+ commission-free ETFs. This is a long-running brand that is well regarded in Canada, where many investors choose it to build their savings account or pension pot. QTrade is also highly trusted and authorized by the Canadian Investment Regulatory Organization (CIRO).

Bonus Offer
$50 Sign up, and $2000 Cashback offer
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." "Qtrade is a good match for Canadian traders who are looking for a reputable and regulated broker to make longer-term investments as well as leveraged trades."
Pros
  • The broker's flagship terminal offers a decent range of charting features, including 25+ indicators and 20 drawing tools
  • There's a range of timeframes, from ticks to hours, that will suit both short and longer term strategies
  • Good educational resources are available in the Blog for those new to binary options trading
  • There's a free demo account for new users, with $10,000 virtual cash
  • Nadex maintains a high trust score thanks to its CFTC regulation
  • One of the best investment platforms on offer in Canada
  • Easy to use and award winning platform and customer experience
  • Good range of US and Canadian stocks as well as funds, ETFs and other assets
  • Offers a range of accounts to suit standard investments or various types of pension
  • Simple investor/member login process
  • Trailing stop loss risk management tool
  • 100+ commission-free ETFs
  • No deposit or withdrawal fees
Cons
  • There are limited payment methods supported compared to other brokers, with only transfers, checks and debit cards available
  • There is only a single platform option, with no third-party software like MT4 or MT5
  • The range of markets is very narrow, including 11 currency pairs and only 8 cryptos
  • Nadex doesn't offer any rebate schemes or perks for active trading
  • Transfer out fee
  • CAD to USD exchange charge
  • Commissions of $8.75 per equity can stack up
  • Limited funding options and no credit/debit card deposits
  • Only available to residents of Canada. So if you are residents of Dubai, the UK or Lebanon, you will not be eligible
Awards
  • 30 industry awards across 15 years
Instruments
Binary Options, Knock Outs™, Call Spreads Stocks, ETFs, Bonds, Mutual Funds, Options, GICs
Demo Account
Yes Yes
Minimum Deposit
$250 $0
Trading Platforms
  • Own
  • TradingCentral
Payment Methods
Minimum Trade
$1 Variable
Regulator
CFTC CIRO
Margin Trading
No Yes
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 No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
NadexGO iOS & Android
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.

Auto Trading
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 No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • CAD
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.

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. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ETH
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
Nadex
vs
Qtrade
vs