• Online CFD Trading

Online CFD Trading

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Overview

Online CFD Trading has a rating of 1.8 stars from 21 reviews, indicating that most customers are generally dissatisfied with their purchases. Online CFD Trading ranks 68th among Option Trading sites.

  • Service
    4
  • Value
    4
  • Quality
    4
Positive reviews (last 12 months): 0%
Positive
0
Neutral
0
Negative
2
How would you rate Online CFD Trading?
Top Positive Review

“Great”

Paul P.
12/9/20

Perfect broker, Great costumer service and platform, the best in US for binari and call spread options. Highly regulated

Top Critical Review

“Avoid Nadex”

Aleksandra B.
3/18/20

Do not waste your time and money trading with these company, a lot of people including myself have lost fortunes to them. They are unregulated brokers and still getting away with peoples money so please stay away from them, if you already invested with them and having issues accessing you're funds kindly reach me on aleksandrabiel1 at outlook dot com for advice on how to retrieve your lost funds as soon as possible.

Reviews (21)

Rating

Timeframe

Other

Thumbnail of user tajd11
3 reviews
6 helpful votes
April 26th, 2021

I stop trading with them about 7 years ago because Everytime I was in profit and tried to close the trade a pop-up box would say something like "action not possible" by the time I could close I was No longer in profit. They claimed the problem was a "unique" problem with my platform/computer. I did file a complaint with the CTFC which resulted in absolutely Nothing. Back then I lost about $3,500.

Thumbnail of user kated281
1 review
1 helpful vote
September 29th, 2022

I am really disappointed with the services I received from this company, I invested all my life savings and did not get my ROI back. Profound research is important fellas, i wish i had enough information about this company before i trusting them with my funds, a total sad experience. I am just happy i was eventually able to recover my lost funds through a reliable source introduced to me by a colleague who was also a victim of this scam, phil ip sank ey 1961 at tutanota com i am open to share my experience.

Thumbnail of user jenng166
1 review
2 helpful votes
August 30th, 2022
Verified purchase

So after investing $200 I come to realize that Nadex is a very sophisticated Scam. A few trades settled in the money, but Nadex refused to pay saying the data was different but I have proof of it settling like I said it would via their own email to me. I think there's people and possibly bots on the back end, making sure users don't win. This is a very sophisticated casino slots like operation; where the platform is programmed to cancel orders that will be in the money, delay your strike purchase, deny you won, even though you were in the money.

Additionally, it took me 2.5 years to get an account with them. I sent utility bills, Drivers License, SS card, Apt lease etc and received a b. S. response the docs were not good enough.

2022, after being told my utility bill was not sufficient and my lease agreement wasn't signed when it clearly was, I had to ask for help via chat, because you can't get them by phone. Finally, my document was accepted and I now have an account. However, to no avail. I feel they're reluctant to new accounts because they can't handle the volume, for what they're doing.

I believe they're using people and bots to scam users and they're having trouble keeping up.

I now see complaints from 7 years ago, with the same theory. I see another complaint from someone saying exactly what I said, being in the money and the fail to pay and give an excuse. I will be complaining to the CFTC just so that these things go on the record.

After signing up, I got a call from someone at Nadex, he seemed nervous, stated I would not be able to get anyone on the phone if I tried calling, that they're undergoing a lot of "changes" at Nadex and this was my one chance to speak to a human.

So, that's it. I spent $200. Lost it through fraudulent actions taken by Nadex. I saw for myself that Nadex is a scam. Everyone, please complain to the CFTC so that we can get this on the record.

Tip for consumers:
Do not use Nadex for Binary Options Trading or anything else. You will certainly get scammed. They may be using people and bots plus programming to block in the money trades, additionally, they will lie and refuse to settle out even if you close in the money.

Products used:
Forex Pairs 5 min Binary Options

Service
Value
Quality
Thumbnail of user olly.kk
3 reviews
9 helpful votes
August 25th, 2023

They look real and very serious until you gave them a try. They will ask you ton of documents to prove your identity until you get tired to do so. They suspended my withdrawals as well as my balance of $*******. Stay away from this broker because they don't allow withdrawal after you invested until I report them and got all my funds back. All thanks to gravcapital they have a good consultation and all needed to help you recover your funds a trial will convince you.

Thumbnail of user kennyo10
1 review
7 helpful votes
March 10th, 2020

I am not mad at Nadex because I lost thousands of dollars but because there were lots of complications in terms of logic and flow of work. They might not be scammer but I certainly do not recommend. It did not seem like a legitimate trading. I always thought I am dealing with logic which makes sure they do not lose but users do. You can try yourself, I would not :)

Thumbnail of user aleksandrab11
2 reviews
3 helpful votes
March 18th, 2020

Do not waste your time and money trading with these company, a lot of people including myself have lost fortunes to them. They are unregulated brokers and still getting away with peoples money so please stay away from them, if you already invested with them and having issues accessing you're funds kindly reach me on aleksandrabiel1 at outlook dot com for advice on how to retrieve your lost funds as soon as possible.

Thumbnail of user janef239
3 reviews
3 helpful votes
March 15th, 2020

Nadex is a fraudulent platform that lures your money away from you by telling you to invest and later deny you access once they notice the investment as started yielding profit. I was able to get my funds back through the help of stevenmiller@ consultant, com

Thumbnail of user paulp1039
1 review
0 helpful votes
December 9th, 2020

Perfect broker, Great costumer service and platform, the best in US for binari and call spread options. Highly regulated

Thumbnail of user fcky2
1 review
12 helpful votes
September 24th, 2020

If you practice on the demo account you will win a lot more money you can win about $20-$30 easily, I was making about 300 a day on the demo account, so I decided to fund my live account, and realized that I was only now making 3 to 5 dollars, the demo Account is deceiving and misleading and makes you feel like you can make a lot of money but when funding my live account it is a totally different story and the payoff was not As big as the demo, Please do not fund your live account you will be greatly disappointed

Thumbnail of user tonyt958
1 review
1 helpful vote
December 1st, 2022

Nadex is a rip off controlled and manipulated the big boys. It is almost impossible to win a 5 minute trade. They easily manipulate the market hover and around the strike point then move in the direction that makes them the most money in last few seconds. Nadex says you can exit early but only if you in a losing position or they fear you will win if you ar the wrong side and want save profit. You can click that button 10 times and nothing will. Then Nadex will tell you it's your computer or internet. I f are winning for sure it only takes one click to exit or losing one click. It is absolutely a scam.

Service
Value
Quality
Thumbnail of user sharonb2761
1 review
1 helpful vote
December 20th, 2022

Nadex is an unprofessional company I've been trying to withdraw my money from my account since last spring. The hold up was me answering how much I deposited wrong. I went back on my records of statements found it. I went online they had stolen 120.00 of my deposit I tried to withdraw the rest of my balance, they then froze my account and now I have to give them my bank statements and fill out all this paperwork just to receive my money back less the 120.00 they stole. Also they only have one person that can call you and he is the only person that can speak with you. They do not have a phone number to call. DO NOT USE THIS PLATFORM.

Thumbnail of user michealj90
2 reviews
1 helpful vote
September 25th, 2023

I deposited $5000 used it to trade, withdrawals was not going for days contacted their support got no response, realized i was scammed, i had to contact avastsolutionrecovery on their website who helped me get all my money back and took just 20%

Thumbnail of user scotth1326
1 review
1 helpful vote
May 19th, 2021

I figured I'd give it a try since I had never traded binary options. First thing I noticed is that several of my orders didn't submit properly. I got a message saying "Order Submitted," but it didn't show up in the list of pending or filled orders. Okay? I guess I'll submit another, but the price has wildly shifted and the order gets submitted but not filled, or worse, it gets filled at an absolute $#*! price. So then you're stuck with a worthless $70 option. Even if the option expires In The Money, if the price of the contract is lower than what you paid for it (which is weird in itself) they take THAT out of your profit. So I had a winning trade that ended up losing $#*!ing money because of that. NEVER had that happen with an equity or index option. Once I accidentally BOUGHT another contract instead of closing the one I had open, because the layout of the Order Ticket is draconian... all in all, I liked the idea of FOREX at first, and I hesitate to call this a scam, but I don't see how it's legitimate at all. You can make what seems like a very solid play - taking in all the info - and then it will randomly drop - AFTER the 20 second cutoff or whatever before the option expires... you're in no man's land... you can't sell... you can't do $#*! except watch your money slowly bleed away.

$#*!ing penny stocks are more fruitful than this bull$#*!. Zero stars.

Tip for consumers:
Don't do it. If you trade stocks or equity/index options, stick with those. FOREX and specifically NADEX is a borderline scam. You will NOT make money. You WILL throw good money after bad, but it's NOT your fault. It's fundamentally flawed....

Products used:
money losing binary options

Service
Value
Quality
Thumbnail of user thorr5
1 review
9 helpful votes
July 31st, 2020

Anyone who promises to "Get your money back" is a fake and will victimize you again! NADEX is the only exchange (not a broker) regulated by the US Government. You may make or lose money but you will nor be cheated. This guy is LYING.

Thumbnail of user capribinaryb
1 review
2 helpful votes
March 10th, 2019

Guys - I'm just saying. Be cautious before you put money on NADEX. I put my hard earned money and they wont let me withdraw it. To withdraw they ask for 100 different proof for the account. Total scam

Thumbnail of user peterl1077
2 reviews
1 helpful vote
July 14th, 2021

I tried so many times to withdraw my profit but couldn't it's been 1 year I keep trying but no result I gave up but I came I contact with Phoenixsouls.com they are number one in recovery. They helped me withdraw my profit and recover my funds.
They are the number one in recovery cryptocurrency and they teach you how to avoid be scammed by any other company.
Phoenixsouls.com

Quality
Thumbnail of user stevem204
13 reviews
29 helpful votes
December 15th, 2015

After trading for a short time on Nadex I realized that there are just a few strings behind the scenes holding up what amounts to a casino masquerading as a legitimate alternate options house.

The illiquidity is palpable.

Don't think they're going to make any odds that you can profit from.

I believe that Nadex is making many of the trades, not real people.

Thumbnail of user gregl210
1 review
0 helpful votes
March 10th, 2019

Trading binary options with TraderVC has been a nightmare for the past couple months. After denying my request for a withdrawal countless times, I was finally able to recover all my money with the help of an expert I read about online. Happy to share my experience and also to enlighten people on how I was able to get my money back. You can reach out *******@gmail.com

Thumbnail of user nickw77
1 review
3 helpful votes
May 22nd, 2017

It's obvious that trading can be profitable. But it's hard to identify tops and bottoms which is often necessary to make good money trading. Nadex offers an alternative. With Nadex binary options, you predict if a particular stock index, commodity, or forex pair will be above or below a certain price at a future date, the expiration date. If you think it will be below that price at expiration, you sell, if you think it will be above you buy. If you're right, you get the specified payout, if you are wrong you lose everything you invested. I don't agree with those that say this site is a scam. Nadex is CFTC regulated and it plainly says on the Nadex website that they don't take the other side of customer trades. Most binary options providers are not CFTC regulated and do take the other side of customer trades, which is why the binary options business gets a bad rap. Nadex also has spreads. Spreads offer the protection of a stop loss without actually stopping you out. Finally, Nadex offers a free simulated account so you can practice without putting real money on the line.

Thumbnail of user glazerd
5 reviews
1 helpful vote
January 13th, 2020

I was once a victim of binary scam broker I invested with them and they assured me I was going to see a positive outcome but honestly I didn't get that they kept fooling me and didn't rectify the issues of me not getting my money recovered thanks I was at the verge of giving up before I came across Steven miller at consultant, com who helped me get back my whole money I'm glad this recovery firm was able to help me recover the whole money back.

Thumbnail of user johna3114
1 review
1 helpful vote
June 9th, 2021

I have been using Nadex off and on over the years. I had been trying to trade options on traditional sites, but didn't really have enough money to do so. Therefore I turned to Nadex because you can trade there with small accounts. I just finished a trade for USD/JPY above 271. It finished at 271.2. Nadex says I did not win the trade. Their excuse? A mealy-mouthed explanation which says, in effect, don't rely on the data we post as it may not be accurate. Translation: if you are going to win a trade by a close amount, we'll rip you off and justify it by claiming that the data is bad. I don't find that to be ethical nor honest. Buyer be ware and trade there at your own risk!

Tip for consumers:
Don’t trust this lol company.

Products used:
Trading platform.

Service
Value

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About the business

Trade with limited risk on Nadex, a US regulated exchange. Binary options on stock indexes, forex, futures & more. Low fees.

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1.8
21 reviews
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