Compare Nadex vs FMTrader

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