Comparison of Expert Option and Nadex
| Feature | Expert Option | Nadex |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2009 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant | Instant |
| Regulation | SVGFSA | CFTC |
| Platforms | ExpertOption | Nadex Web Platform, NadexGo™ (iOS, Android) |
| Spread | - N/A | - N/A |
| Maximum Leverage | 1:1 | 1:1 |
| Minimum Deposit | $10 | $1 |
| Base Currencies | USD | USD |
| Funding Methods | Visa, MasterCard, Maestro, UnionPay, Skrill, Neteller, Bank Wire, WhatsApp Pay, Google Pay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) | Debit Card, ACH Bank Transfer, Wire Transfer |
| Inactivity Fee | $50 per month after 3 months | $10 per month after 12 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | Wire withdrawal $25 |
| Investor Protection | FinancialCommission.org | - |
| Protection Size | €20 000 | - |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✖ |
| EAs/Robots | ✖ | ✖ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Commodities | Currencies, Commodities, Indices, Cryptocurrencies |
| Review | Expert Option Review | Nadex Review |
About Expert Option
ExpertOption is a binary options broker launched in 2014. With a $10 minimum deposit and a proprietary web/mobile platform, it lets beginners trade 60+ assets across forex, stocks and commodities in deals from 30 seconds to 8 hours. The company is a Category A member of the Financial Commission, which provides up to €20 000 compensation in case of disputes. Although not regulated by top-tier authorities and unavailable in the US, EU and dozens of other countries, ExpertOption attracts 70 million+ clients thanks to social trading, priority withdrawals for Gold+ tiers and payouts up to 95% on successful trades.
Pros
- Low $10 entry barrier with $1 trade size
- Payouts up to 95 % on binary option contracts
- Social trading feed and copy-trade feature
- Member of the Financial Commission (€20 k protection fund)
- 24/7 multilingual live-chat support
Cons
- Not supervised by FCA, ASIC or CySEC
- Only proprietary platform – no MT4/MT5 or cTrader
- Short expiries unsuited to many strategies
- Limited education compared with larger CFD brokers
About Nadex
Nadex (North American Derivatives Exchange) is the only US-based retail exchange offering fully regulated binary options, call spreads, and knock-out contracts. Regulated by the CFTC, Nadex matches orders on an exchange order book, so you trade directly with other participants rather than against the broker. Contracts are cash-settled at $0 or $100, ensuring strictly limited risk, and accounts can be opened with no minimum deposit. Since 2022 Nadex has been part of the Crypto.com group, aiming to expand access to innovative derivatives products while maintaining compliance with US regulations.
Pros
- CFTC-regulated US exchange
- No minimum deposit; $1 minimum contract size
- Transparent, low fees – $1 per side, capped at $50
- Proprietary web & mobile platforms with free real-time data
- Fixed-risk contracts eliminate negative balance risk
- Free unlimited demo account
Cons
- Available mainly to US residents; many states/countries restricted
- Only short-term binary products – no traditional spot FX or CFDs
- Wire withdrawals incur a $25 fee
- No MetaTrader or third-party algorithmic trading support
Expert Option & Nadex Regulation
| Feature | Expert Option | Nadex |
|---|---|---|
Companies | EOLabs LLC | North American Derivatives Exchange, Inc. (Crypto.com group) |
Countries | St Vincent & the Grenadines | United States |
Regulators | SVGFSA | CFTC |
Investor Protection | FinancialCommission.org | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Expert Option | Nadex |
|---|---|---|
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Binary Options | Binary Options |
| Minimum Deposit | $10 | $1 |
| Option Types | Call/Put | Binary Options, Call Spreads, Knock-Outs |
| Minimum Stake | $1 | $1 |
| Payout | from 25% to 95% | from 0% to 100% |
| Expiration Time | from 30 seconds to 8 hours | from 5 minutes to 24 hours |
Funding and Fees
| Feature | Expert Option | Nadex |
|---|---|---|
Base currencies | USD | USD |
Deposit and withdrawal methods | Visa, MasterCard, Maestro, UnionPay, Skrill, Neteller, Bank Wire, WhatsApp Pay, Google Pay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) | Debit Card, ACH Bank Transfer, Wire Transfer |
Inactivity fee | $50 per month after 3 months | $10 per month after 12 months of inactivity |
Interest on margin | ||
Withdrawal fee | Wire withdrawal $25 |
Trading Platforms and Conditions
| Feature | Expert Option | Nadex |
|---|---|---|
Trading Platforms | ExpertOption | Nadex Web Platform, NadexGo™ (iOS, Android) |
Execution Speed | 80 ms | 50 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | N/A |
Trading Assets
| Asset | Expert Option | Nadex |
|---|---|---|
Currencies | 17 | 11 |
Indices | 11 | 5 |
Stocks | 25 | 0 |
Cryptocurrencies | 0 | 18 |
Bonds | 0 | 0 |
Metals | 4 | 2 |
Energies | 1 | 2 |
Soft Commodities | 0 | 0 |
ETFs | 16 | 0 |
Education and Analytics
| Feature | Expert Option | Nadex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Expert Option | Nadex |
|---|---|---|
Email | help@eo.support | customerservice@nadex.com |
Phone | — | +1312-884-0100 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | — |
Which Broker is Better?
After comparing Expert Option and Nadex, Expert Option comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.