Warning – Peak Nadex Trader a/k/a Peak Binary Option Soliciting Nadex Members

Notice Type Notice ID
FAQ & Other 995.030119

It has come to our attention that Peak Nadex Trader a/k/a Peak Binary Option, operating website peakbinaryoption.com, and/or its “employees”, is soliciting clients by offering a “Nadex managed account service” in exchange for a portion of any profits earned.  Please be advised that Nadex is not affiliated in any way with Peak Nadex Trader or Peak Binary Option.  Note that pursuant to the Nadex Membership Agreement, “You may not give control over Your account to any other person or entity and You may not control the account of any other Member.  You shall maintain the confidentiality of Your access Materials and prevent the unauthorized use of Your Access Materials at all times.”  Furthermore, Nadex Rule 5.19(g) states “No individual Trading Member shall trade for a person or entity other than itself and no Authorized Trader of an entity Trading Member shall trade for a person or entity other than the entity Trading Member for whom that Person is an Authorized Trader.”  Accordingly, any Nadex Member who grants access to their individual trading account to a third party is in violation of the Membership Agreement as well as Exchange Rule 5.19(g), and may be subject to disciplinary action. 

Also note that an individual or entity acting as a Commodity Trading Advisor (“CTA”) is required to register with the Commodity Futures Trading Commission (“CFTC”), unless otherwise eligible for an exemption from registration.  Registration or exempt status can be verified at nfa.futures.org/basicnet.  It is in your best interest to conduct proper due diligence and research prior to investing your funds with any person or company, or allowing anyone to transact on your behalf. 

For additional information on registration, or if you feel you have been the victim of a scam, please contact the National Futures Association at (800) 621-3570, or the CFTC at (866) 366-2382.  Nadex also encourages you to reference the CFTC’s Avoid Fraud webpage for guidance on how to verify your financial provider’s information - https://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/index.htm.

Should you have any questions or require further information, please contact the Compliance Department.