Nadex
tastyworks
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Overview
Nadex was founded in 2008 and is headquartered in USA, while tastyworks was established in 2014 and is based in Belize. Nadex holds licences including Unregulated, while tastyworks is regulated by Financial Conduct Authority (FCA) among others. Nadex serves 10,000+ clients worldwide; tastyworks has 150,000+. Both brokers share the same minimum deposit of $250.
| Feature | Nadex | tastyworks |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317 |
| Founded | 2008 | 2014 |
| Country | USA | Belize |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Nadex and tastyworks, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. tastyworks charges withdrawal fees while Nadex does not, giving Nadex an edge for frequent withdrawers. Nadex applies inactivity fees on dormant accounts; tastyworks does not. The two brokers are broadly comparable on fee structure.
| Feature | Nadex | tastyworks |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Nadex offers MT5, cTrader, while tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which tastyworks does not offer. The two brokers are closely matched on platform offering.
| Feature | Nadex | tastyworks |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and tastyworks compare. tastyworks runs regular live webinars; Nadex does not. tastyworks has a video library; Nadex does not. tastyworks publishes daily market commentary; Nadex does not. tastyworks integrates third-party research tools (Trading Central); Nadex does not. tastyworks maintains an archive of past webinars for on-demand viewing. tastyworks scores higher overall in education and research.
| Feature | Nadex | tastyworks |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nadex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | Nadex | tastyworks |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Nadex and tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. Nadex supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | Nadex | tastyworks |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |