Bank account info

#1

I am ready to fund my live account but am a little concerned about providing bank account and routing numbers. Responses would be appreciated.

#2

Your going to have to provide some kind of financial information if you want to fund an account. If your concerned about the broker your funding the account with, you can let us know who your broker is and hopefully we can give you some feedback on them. One thing I always do before handing over any kind of personal information over the internet, is to make sure that the website is secure, meaning the website address contains the https in front of the website address. Don’t mistake http with https, https means you on a secure connection to the website and all your information is protected.

#3

geneweber,

In today’s day and age it is only prudent to be concerned when providing sensitive information such as bank account and routing numbers. Even though Nadex is an exchange subject to oversight by the CFTC and even though all trader funds are kept in a segregated account there are steps that you can take to further protect yourself. I, for example, established a separate bank account for funding/withdrawals for my Nadex account and for my apex subscription fees. When I do a withdrawal from Nadex I immediately transfer that to my personal accounts to minimize risk. I may be over cautious in the way I handle these transactions but it works for me and gives me peace of mind. Keeping my trading funds separate from our household funds also just made sense to me so that is how i handle it. I feel confident that the information is as safe with Nadex as it could be anywhere, that being said whatever you feel comfortable doing to protect yourself is the way to go. Nothing is ever 100% and this is just part of your risk management strategy.

I hope this helps, happy trading and good luck going live!

Peter