Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

Nadex has 1 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.
    • Nadex

      200 W Jackson Blvd Ste 1400 Chicago, IL 60606-6929

    Business ProfileforNadex

    Commodity Trading Advisory Services

    At-a-glance

    Customer Reviews

    1.83/5stars

    Average of 6 Customer Reviews

    Customer Complaints

    28 complaints closed in last 3 years

    5 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Overview

    Regulated Financial Exchange

    Business Details

    Location of This Business
    200 W Jackson Blvd Ste 1400, Chicago, IL 60606-6929
    BBB File Opened:
    10/3/2011
    Years in Business:
    15
    Business Started:
    2/11/2009
    Business Started Locally:
    2/11/2009
    Business Incorporated:
    6/21/2012
    Type of Entity:
    Corporation
    Alternate Business Name
    • North American Derivatives Exchange, Inc.
    Business Management
    • Mr. Dan Cook, Director of Business Development
    • Mr. Nelson Diaz
    Contact Information

    Principal

    • Mr. Nelson Diaz

    Customer Contact

    • Mr. Nelson Diaz
    Additional Contact Information

    Phone Numbers

    Customer Complaints

    28 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    06/05/2024

    Complaint Type:
    Service or Repair Issues
    Status:
    Resolved
    On 5/3/24 between 10:05am central time to 10:44am central time I could not get out of my trades due to technical issues that Nadex admits they were having. My options went into the money during this time however by the time Nadexs platform started performing correctly the trade had moved against me and was completely out of the money from then until it expired at 11:00am central time. I notified Nadex while it was happening. Their rep on live chat admitted they were trying to resolve an issue they were having, but Nadex sent an email implying the issue was on my end. I requested a refund in the amount of $741 which was my total buy in amount plus trading fees. Nadex took two weeks to investigate only to tell me that due to the brevity of the outage they would not be refunding my money. The outage lasted over 30 minutes and prohibited me from getting out of my trade when I wanted to will it was in the money. This has since happened one other time which didnt impact me losing me but I notified them of the issue all the same. Now they appear to have locked me out of my account with no notice or reason. They dont have a number you can call and their live chat appears to be answered overseas and those reps have very limited access to your account and can never give any real answers to questions. I still believe I am owed a refund due to the outage caused by Nadex on 5/3/24.
    Read More

    Customer Reviews

    6 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Sabrina R

    2 stars

    07/17/2023

    I've been a customer of ******************** for almost a decade. I've never had any problems with them regarding my account until recently. It seems after they updated their site and payment system, I've had nothing but problems. I added a new debit card from my new bank account. I went through the steps to verify it and was approved to make deposits. The verification requires you to provide a copy of your most recent bank statement that shows the name of your bank, your name, and a transaction that is from Nadex. I've provided all of these, and my card was verified for deposits. I've made up to three deposits up until recently where my account was put on hold. I've emailed them and was told that my card is from a Third-Party source and goes against their rules since that is not allowed. My card is from an actual bank account with a routing number and account number attached. It is not a pre-paid card or a funding account like Venmo. My question is, why would they approve my debit card for funding if it was not from an acceptable source, despite it being a regular checking account which should be acceptable. I haven't been able to trade in weeks because of this issue and would like to stick with this platform if they can solve my problem.

    Local BBB

    BBB of Chicago & Northern Illinois

    BBB Reports On

    BBB reports on known marketplace practices.

    BBB Business Profiles may not be reproduced for sales or promotional purposes.

    BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

    When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

    BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

    As a matter of policy, BBB does not endorse any product, service or business.