anyone trade with www.nadex.com ?

Quote from TonyFromTampa:

I just found out today that the SEC, CTFC and the Attorney General of the U.S. have already established that it is illegal for American citizens to trade with unregulated offshore options organizations and it's also illegal to give and receive cash bonuses.

The authorities have been investigating and have already charged some in this matter... but what most don't know is that if you were not aware that this was a crime... you may still be charged with a whole slew of federal charges, from wire fraud to money laundering to using the USPS for the commitment of a federal crime and other charges. This is because in the U.S., ignorance of the law doesn't exonerate you from the crime.

Beware... watch this and other warnings on "You Tube". (You Tube no longer accepts videos offering bonuses).
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Hello. If the binary contract is not actually purchasing the option/security, thus the "option" is not really secured/purchased, is it still considered illegal? Also could you provide the link to the SEC. CFTC site that says it's illegal. Thanks so much.
 
ok i'm a speculator...i'll speculate.. Nadex is just getting paid to be a liquidity provider for binaries.. they have the edge in them as the distance exactly between the bid and the ask.. this equates to a huge profit.. they appeal to the retailers who thinking they are avoiding the "supposed" complexities of vanillas.. CRAP! binaries have pricing models and greeks.. you know what i hear every retail trader interested all over the internet say.. "i love the "defined" risk aspect of binaries.. like they are less complex.. just like over the counters derivatives at the banks.. swaps. forwards etc.. all illiquid very costly well priced for the market maker.. more of probably a bucket shop all centered around fucking the public.. to be honest thats the part that has me interested the most.. how the public gets fucked. i trade vanillas have read a bit about binaries.. much prefer trading multi legged vanilla options strategies. thank you..
 
Quote from TredesRei7:

Hello. If the binary contract is not actually purchasing the option/security, thus the "option" is not really secured/purchased, is it still considered illegal? Also could you provide the link to the SEC. CFTC site that says it's illegal. Thanks so much.
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Binary options are not illegal. They are traded on the SPX and the VIX indexes on the CBOE. Volume is light though.
 
I know this thread is really old, but so am I :cool:

here's my own personal opinion:
1, Nadex is actually legal, even for US-persons, something that is rarely found in the financial markets.
2, trading on Nadex is actually fun, rewarding, and very easy - especially if you'd have real life prior (profitable) experience in trading the Forex.

Of course, your milage may vary :D I'm not saying that you need to stop whatever you're doing and jump onto Nadex.
 
Will be opening an $100 account with them on Monday if it's easy and fast to do so. If they need personal info, screw it.

:p
 
Quote from lili:

[...]trading the Forex.
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Anyone else cringe every time they hear or read someone saying 'the' forex instead of just forex?

One trades 'in' the market, not the market.
 
Quote from mm2mm:

Will be opening an $100 account with them on Monday if it's easy and fast to do so. If they need personal info, screw it.

:p
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don't bother then, because they will verify your identity - personal info included.
 
Quote from Jack_Larkin:

Anyone else cringe every time they hear or read someone saying 'the' forex instead of just forex?

One trades 'in' the market, not the market.
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does it every occur to you, that not everybody considers English their first language - and some things might just get lost in translation ?
 
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