Getting the most appropriate binary option trading srevice for your company is difficult with a lot of features, choices, and terms to consider. But, relying on our review platform will help you to streamline the selection steps by getting all main services in a single location.
For example, you can compare CherryTrade and Nadex for their features and overall scores, namely, 8.1 and 9.0, respectively. Furthermore, you can compare which broker has better general user satisfaction rating: 100% (CherryTrade) and 98% (Nadex) to find out which solution is the better choice. Don’t simply pick the solution with the most attractive minimum deposit, but the solution that has the best value.
Our team put a lot of effort to review all popular Binary Options Brokers products that you can find on the market, but among them these three caught our special attention: Nadex, GTOptions, IQ Option.
Nadex Members may maintain a Direct Trading Member Account. The Exchange does not charge a membership fee for a Direct Trading Member Account.
Direct Trading Members – No minimum initial deposit and no minimum balance required afterwards
Binary Option Contracts
Entry or exit before expiration – $1 trading fee per contract
Trade expiration (in-the-money) – $1 settlement fee per contract
Trade expiration (out-of-the-money) – No settlement fee
Call Spread and Knock-Out Contracts
Entry or exit before expiration – $1 trading fee per contract
Trade expiration – $1 settlement fee per contract**
**The platform does not charge a settlement fee that exceeds your total settlement payout for a position that you held up to expiration. For instance, if your position settles in-the-money at expiration and your settlement payout is only $0.50, Nadex will only charge you $0.50 instead of $1.00.
Transaction Information
Returned Deposit/Chargeback – $25
Wire Withdrawal – $25
ACH Withdrawal – Free
Account Setup – Free
Deposits – Free
Debit Card Withdrawal – Free
Dormant Accounts (no activity for 12 consecutive months): $10.00 per month
No account will become negative
A dormant account with a $0 balance may be terminated
The premier US exchange for binary options, knock-outs, and call spreads. Nadex offers its members access to flexible trades in top markets including forex, stock indices, and commodities. It has an intuitive trading platform and is regulated by the Commodity Futures Trading Commission (CFTC).
Please keep in mind that even though both CherryTrade and Nadex may provide a reliable range of features every app might be created for a different business size. If you are comparing features you may want to pay attention to a company size they are catering to. Specific features might scale up with no problem for big enterprises but if you have a small or medium business it’s frequently better to refrain paying for customized functionalities that you may never use.
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