Nadex Active Trade has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Nadex Active Trade is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: nadexactivetrade.com.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Nadex Active Trade is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Nadex Active Trade changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Customizable dashboard|Educational resources|Quick verification|Dedicated account manager
Cons: Currency conversion fee exists
I was about to invest with Nadex Active Trade but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Autorité des marchés financiers has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Nadex Active Trade had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Dedicated account manager|Market news feed|Wide product range
Cons: Limited cryptocurrency options|Help articles are sometimes vague
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Nadex Active Trade is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized