Nadex is absolutely horrible! Since 2004, Nadex has been operating out of its headquarters in Chicago. For further reference, see the CFTC Fraud Advisory announcements on Binary Options. Their customer support is also top notch. Nadex Is Nadex a scam? Nadex review Summary & Your reviews. It seems like Nadex tries there nadex legit best to make it extremely difficult for traders to use the Nadex platform. However, Nadex has had its fair share of complaints and unsatisfied customers, thus we recommend caution but then again, you should always be cautious, no matter how many regulations a broker has and no matter how good. It provides direct access trading to binary options, Touch Brackets™ and call spreads for currencies, commodities, and equity index futures Nadex (North American Derivatives Exchange, Inc.) is a CFTC regulated binary options exchange, owned by IG Group. It does not mean their ethics or policies are legit. I can conclude that the broker is reliable. http://www.binaryoptionswatchdog.com/nadex-review-exchange-or-an-offshore-scam/ in 2015-2016 the laws are becoming more obvious and Nadex is now.