Bittrex
Nadex
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Overview
Bittrex was founded in 2010 and is headquartered in South Korea, while Nadex was established in 2008 and is based in USA. Bittrex holds licences including Securities and Exchange Commission (SEC), while Nadex is regulated by Unregulated among others. Bittrex serves 10,000+ clients worldwide; Nadex has 10,000+. The minimum deposit is $100 at Bittrex and $250 at Nadex.
| Feature | Bittrex | Nadex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2010 | 2008 |
| Country | South Korea | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bittrex and Nadex, directly affecting your bottom line as a trader. Bittrex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Nadex). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; Bittrex does not. Bittrex charges deposit fees; Nadex does not. Overall, Bittrex scores higher on fees in our assessment.
| Feature | Bittrex | Nadex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Bittrex offers MT4, MT5, cTrader, while Nadex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which Bittrex does not offer. Bittrex edges ahead on platform breadth and functionality in our scoring.
| Feature | Bittrex | Nadex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | Web,iPad,mac,Desktop,iPhoneiOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bittrex and Nadex compare. Bittrex runs regular live webinars; Nadex does not. Bittrex has a video library; Nadex does not. Bittrex publishes daily market commentary; Nadex does not. Bittrex integrates third-party research tools (Trading Central, Autochartist); Nadex does not. Bittrex maintains an archive of past webinars for on-demand viewing. Bittrex scores higher overall in education and research.
| Feature | Bittrex | Nadex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bittrex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Nadex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bittrex | Nadex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Bittrex and Nadex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Bittrex | Nadex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |