1. Home
  2. Online Brokers and Trading Platforms 2023

Nadex vs SimpleFX

Nadex vs SimpleFX Comparison Table 2023
Nadex SimpleFX
Review
4.3

Nadex is #2 in our binary options broker rankings.

Review
4.2
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

The leading US trading Exchange. Nadex offer genuine exchange trading to global clients on Binary Options. Fully regulated by the CFTC.

SimpleFX is a CFD broker offering the popular MT4 platform plus its own SFX WebTrader platform. Account holders benefit from low trading fees with tight spreads.

Pros
  • Free demo account
  • Regulated exchange
  • Proprietary mobile app
  • Extensive educational resources
  • API & VPS
  • Ethereum staking
  • No minimum deposit
  • Fast customer support
  • Beginner-friendly platform
  • Multi-currency single account
Cons
  • No MT4 or MT5 platform integration
  • No welcome bonuses or financial incentives
  • Unregulated
  • MetaTrader 5
  • Limited non-crypto funding methods
Awards
  • The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw
  • Best Mobile App 2020 - Rankia Awards
  • The Best Trading Platform, Finance World Expo 2019 - Zug
  • Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Promotions

Sign Up With SimpleFX For A $2500 Instant Deposit Bonus
Instruments
Binary Options, Knock Outs™, Call Spreads Forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$250 $0
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
CFTC
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
NadexGO iOS, Android + Web Trader
Auto Trading
Yes Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 3%
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Leveraged CFD products are available in multiple financial markets.
Leverage
1:500
FTSE Spread
1.3
GBPUSD Spread<
1.2
Oil Spread
0.03
Stocks Spread
Variable
Forex Trading
Speculate on the price movement of 11 currency pairs with binary options contracts. Trade currency pairs with tight spreads and 1:500 leverage.
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 1.2
EURUSD Spread
0.25 pips Var 0.9
EURGBP Spread
0.25 pips Var 0.9
Assets
11 60
Cryptocurrency
Crypto trading not offered Trade crypto and US Dollar CFDs.
Spread
From 0.0001
Coins
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Binary Options
Nadex offers real-time market action with short-term binary options trading. Trade on contracts 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
Review
Review
More Comparisons
Nadex
vs
 SimpleFX
vs