anyone trade with www.nadex.com ?

Are binary options allowed in the states?

 

binary options are illiquid because there are no major players trading in the market. I suggest to stay away.




what happen to the OP


http://www.elitetrader.com/vb/showthread.php?s=&threadid=213502

 

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..

 

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

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 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.

 

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.

 

don't bother then, because they will verify your identity - personal info included.

 

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