By Darrell Martin
Effective January 3, 2017, Nadex will increase their trading fees for the first time in several years. For Direct Members trading between one and fifty contracts, transaction fees will be $1 per contract on each side i.e. entry and exit, win or loss. Transaction fees are capped at $50, meaning that should you trade 51 or more contracts in a single trade, transaction fees will not exceed $100.
Settlement fees will vary slightly now as well. If the trade is not exited early, but instead held until settlement and settles in the money, you will be assessed a $1 settlement fee per contract, not to exceed total settlement payout amount. This fee has no cap and applies to the total number of contracts traded. If the trade settles out of the money and has no settlement payout, there is no settlement fee.
Nadex has not had a fee increase since 2011. The popularity of trading binaries and spreads has spurred Nadex’ growth exponentially over the last four years, creating the need to cover the improved product and trader support costs.
No membership fee is charged when joining Nadex. At least $250 is all that is required to open a live account with no minimum balance required thereafter.
For further information on the changes in fees, see this notice posted at Nadex.