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Nadex vs TeraFX

Nadex vs TeraFX Comparison Table 2023
Nadex TeraFX
Review
4.3

Nadex is #3 in our binary options broker rankings.

Review
Not Yet Rated
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.

TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.

Pros
  • Free demo account
  • Regulated exchange
  • Proprietary mobile app
  • Extensive educational resources
Cons
  • No MT4 or MT5 platform integration
  • No welcome bonuses or financial incentives
Instruments
Binary Options, Knock Outs™, Call Spreads Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$250 $100
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
CFTC FCA
Margin Trading
No No
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 No
ECN Account
No Yes
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 No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
NadexGO Yes
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 No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs with leverage across multiple asset classes.
Leverage
1:30 Retail, 1:200 Professional
FTSE Spread
Floating
GBPUSD Spread<
Floating
Oil Spread
Floating
Stocks Spread
N/A
Forex Trading
Speculate on the price movement of 11 currency pairs with binary options contracts. Trade 50+ forex pairs with 1:30 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 Floating
EURUSD Spread
0.25 pips Var Floating
EURGBP Spread
0.25 pips Var Floating
Assets
11 59
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
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