Trading fees

Binary option contracts
Type Total Fees
Entry or exit before expiration $1 trading fee per contract
Trade expiration (out-of-the-money) No settlement fee
Trade expiration (in-the-money) $1 settlement fee per contract
Call spread and knock-out contracts
Type Total Fees
Trade expiration $1 settlement fee per contract*
Entry or exit before expiration $1 trading fee per contract
Transaction information
Type Total fees
Debit card withdrawal Free
ACH withdrawal Free
Returned deposit/Chargeback $25
Account setup Free
Wire withdrawal $25
Deposits Free
*Nadex will not charge a settlement fee which exceeds your total settlement payout for a position held until expiration. For example, if your position settles in-the-money at expiration, but your settlement payout is only $0.50, Nadex would charge $0.50 instead of $1.00 in fees.
The above are the standard trading and settlement fees for Nadex Members. For additional details, view our fee schedule. Additional fees may apply under special circumstances, please see Nadex rules for details.

How we execute trades

Trading fee
You pay a trading fee on each side of your trade: once to open and once to close.
Enter a trade
To enter a trade, you will be charged $1 for each contract executed.
Exit the trade
You exit the trade in one of two ways: by placing a second, opposite trade or by letting the contract expire.
Before expiration
If you exit the position before expiration, you’ll be charged a $1 trading fee for each lot exited.
Settlement fee
If you hold a position until expiration and it settles in-the-money, then you’ll be charged a settlement fee of $1 per contract.
Hold the position
If you hold the position until expiration and it closes out of the money (zero), you won't be charged a settlement fee.