By Darrell Martin
Nadex, the North American Derivatives Exchange , Inc., has just made it easier than ever to fund your account. It was already easy to open an account at Nadex.com with funding hardly a problem, but now you can fund your account using your debit card.
It requires less than five minutes to open your live account online for free 24 hours a day. Now you can fund your account as easily as you can make an online purchase.
All that is required to fund your account using your debit card is the 16-digit number of your card, the Date of Expiry and the CVV (Card Verification Value) number associated with your card.
Debit card funding is available for US and Non-US residents alike. Now that Nadex is available in 49 countries, making deposits to your account is uncomplicated.
Nadex does not have any platform or inactivity fees, and it is free to set up your account. Trading fees are minimal at $0.90 per lot for lots 1-10 being capped at $9.00 with no additional fees no matter how many more lots you trade! Fees are charged on each side of the trade with no charge if the trade settles out of the money.
You only need $100 to open your Nadex account, but you must have enough funds in your account to cover the potential max loss on any trade you enter. You don’t have to maintain a minimum account balance during trading.
Debit cards and wire transfers are the only ways available to fund large accounts over $10,000. There are other ways to fund your accounts if your deposit is under $10,000 and you are a US resident. (Go to www.nadex.com for more details.) However, if you are not a US resident, debit cards and wire transfers are the only acceptable ways to fund your Nadex account.
There is a maximum amount of $50,000 that you can deposit using your debit card. Your bank may have a lower limit.