This company is no better than the international binary compnaies. I was trying to close out a trade, like i have done in the past. this time the system added four trades that I never intended to make. Look at the history below. Why would I ever intentionally make these trades especially when the price was moving up at a fast rate. When I called them to expalin, The customer service rep said there was nothing she could do, then she refused to allow me to speak to a supervisor. I said this was bullshit, and she hung up on me. I called back and she picked up again, I asked for a supervisor and she refused. called again and a male rep picked up the phone, I asked to spesk to the lady I spoke to earler, or at least give me her name. He came back and said she was not avaialble. I asked for her name and he refused to give her name. I asked for his name and he said, "it doesn't matter". So I said so you are not going to tell me your name? he said my name is Greg. Probably a bogus name. This company is awful. They are worse than The International binary opton scam companies. Below are my trades. Look at the times. What idiot would intentionally make those trades. This wiped out my entire account! Yes I am angry, and this IS bullshit!
Date/Time Activity Channel Contract Expiry Size Price Result 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 44.5 Order Sent: Y66BZ4WK 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 51.25 Order filled: Y66BZ4WK 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 49.25 Order filled: Y66BZTCK 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 49.25 Order Sent: Y66BZTCK 05/23/18 14:26 Order Web EUR/USD >1.1693 (2:30PM) 23-MAY-18 -1 71.5 Order filled: Y66BYUWZ 05/23/18 14:26 Order Web EUR/USD >1.1693 (2:30PM) 23-MAY-18 -1 53 Order Sent: Y66BYUWZ 05/23/18 14:25 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 +1 35 Order filled: Y66BXEY7 05/23/18 14:25 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 +1 36.75 Order Sent: Y66BXEY7
- I had a trade close a few pips over the strike price but NADEX has refused to pay out.
- Nadex indicated (admitted) that they do not follow the true prices but create a closing average price using some formula they created, which means when you win just buy a few pips , their so called "formula" will make you loose.
- I checked 14 different charts and all 14 different sources indicated that the candle closed above the strike price.
- I am firm believer of winning is winning, whether you win by an inch or a mile.
- Nadex is run by a market maker who is taking the sides on the trade, which means they don't want to pay up when you win. Unless you're so blatantly in the money that theres no way they could use this excuse, they will take your money even when you win.
- I called in to figure out why my account wasn't credited on the winning trade, but quickly understood by the tone, direction and rudness of customer serivce that they are infact running a scam.
- I conducted market research and have found that no other experienced traders would recommend this platform and quite a few traders were dumfounded that I would use them to place trades in the first place.
- In short, STAY AWAY FROM NADEX, when they can, they will SCAM you.
- On a side note, many of the people you see promoting NADEX are paid or compensated in some way, hence all the buzz on the internet about NADEX.
- Save your money and go to a proper FOREX broker.
Anyone Interested in trading Binary options I would advise hesitation with the platform provided by nadex. I have been using nadex now for over a year trading and sharpening my ability before ever actual depositing real money. Of course demo and live is not the same. However, upon funding the account and using the platform I immediately noticed a few things that alarmed me. Mainly the inability to choose your own indicators and format. Whether line, candle tick or otherwise their system locks in the tick format making any changes not possible and freezes your browser. Pertaining to their charts, it is wlel off any other platform. I also use ninja trader. Again, I am filling this out to give a heads up about the nadex platform. It is a rigged system. I will be flagging their organization. It is strange that while winning with the candle stick format it is removed and no longer usable with the chart provided on the platform. Again, the main purpose of this is to inform of the platforms fraulent method of operation once live funds are plugged. The system takes away or took away my ability to use a format that I have studied and felt confortable with and I was not able to put the formatting as i would have liked. THis is why I feel this platform is a rip off. Stay away.
Nadex Reviews
This company is no better than the international binary compnaies. I was trying to close out a trade, like i have done in the past. this time the system added four trades that I never intended to make. Look at the history below. Why would I ever intentionally make these trades especially when the price was moving up at a fast rate. When I called them to expalin, The customer service rep said there was nothing she could do, then she refused to allow me to speak to a supervisor. I said this was bullshit, and she hung up on me. I called back and she picked up again, I asked for a supervisor and she refused. called again and a male rep picked up the phone, I asked to spesk to the lady I spoke to earler, or at least give me her name. He came back and said she was not avaialble. I asked for her name and he refused to give her name. I asked for his name and he said, "it doesn't matter". So I said so you are not going to tell me your name? he said my name is Greg. Probably a bogus name. This company is awful. They are worse than The International binary opton scam companies. Below are my trades. Look at the times. What idiot would intentionally make those trades. This wiped out my entire account! Yes I am angry, and this IS bullshit!
Date/Time Activity Channel Contract Expiry Size Price Result 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 44.5 Order Sent: Y66BZ4WK 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 51.25 Order filled: Y66BZ4WK 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 49.25 Order filled: Y66BZTCK 05/23/18 14:26 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 -1 49.25 Order Sent: Y66BZTCK 05/23/18 14:26 Order Web EUR/USD >1.1693 (2:30PM) 23-MAY-18 -1 71.5 Order filled: Y66BYUWZ 05/23/18 14:26 Order Web EUR/USD >1.1693 (2:30PM) 23-MAY-18 -1 53 Order Sent: Y66BYUWZ 05/23/18 14:25 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 +1 35 Order filled: Y66BXEY7 05/23/18 14:25 Order Web EUR/USD >1.1695 (2:30PM) 23-MAY-18 +1 36.75 Order Sent: Y66BXEY7
- I had a trade close a few pips over the strike price but NADEX has refused to pay out.
- Nadex indicated (admitted) that they do not follow the true prices but create a closing average price using some formula they created, which means when you win just buy a few pips , their so called "formula" will make you loose.
- I checked 14 different charts and all 14 different sources indicated that the candle closed above the strike price.
- I am firm believer of winning is winning, whether you win by an inch or a mile.
- Nadex is run by a market maker who is taking the sides on the trade, which means they don't want to pay up when you win. Unless you're so blatantly in the money that theres no way they could use this excuse, they will take your money even when you win.
- I called in to figure out why my account wasn't credited on the winning trade, but quickly understood by the tone, direction and rudness of customer serivce that they are infact running a scam.
- I conducted market research and have found that no other experienced traders would recommend this platform and quite a few traders were dumfounded that I would use them to place trades in the first place.
- In short, STAY AWAY FROM NADEX, when they can, they will SCAM you.
- On a side note, many of the people you see promoting NADEX are paid or compensated in some way, hence all the buzz on the internet about NADEX.
- Save your money and go to a proper FOREX broker.
Anyone Interested in trading Binary options I would advise hesitation with the platform provided by nadex. I have been using nadex now for over a year trading and sharpening my ability before ever actual depositing real money. Of course demo and live is not the same. However, upon funding the account and using the platform I immediately noticed a few things that alarmed me. Mainly the inability to choose your own indicators and format. Whether line, candle tick or otherwise their system locks in the tick format making any changes not possible and freezes your browser. Pertaining to their charts, it is wlel off any other platform. I also use ninja trader. Again, I am filling this out to give a heads up about the nadex platform. It is a rigged system. I will be flagging their organization. It is strange that while winning with the candle stick format it is removed and no longer usable with the chart provided on the platform. Again, the main purpose of this is to inform of the platforms fraulent method of operation once live funds are plugged. The system takes away or took away my ability to use a format that I have studied and felt confortable with and I was not able to put the formatting as i would have liked. THis is why I feel this platform is a rip off. Stay away.
The demo account is not like real transactions!!!!!