Nadex
TopForex
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Overview
Nadex was founded in 2008 and is headquartered in USA, while TopForex was established in 2009 and is based in Cyprus. Nadex holds licences including Unregulated, while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Nadex serves 10,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $250 at Nadex and $100 at TopForex.
| Feature | Nadex | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2009 |
| Country | USA | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nadex and TopForex, directly affecting your bottom line as a trader. TopForex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Nadex). TopForex charges withdrawal fees while Nadex does not, giving Nadex an edge for frequent withdrawers. Nadex applies inactivity fees on dormant accounts; TopForex does not. Overall, TopForex scores higher on fees in our assessment.
| Feature | Nadex | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Nadex offers MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. TopForex edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | TopForex |
|---|---|---|
| MT4 | No | Yes |
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and TopForex compare. TopForex runs regular live webinars; Nadex does not. TopForex has a video library; Nadex does not. TopForex publishes daily market commentary; Nadex does not. TopForex integrates third-party research tools (Trading Central, Autochartist); Nadex does not. TopForex maintains an archive of past webinars for on-demand viewing. TopForex scores higher overall in education and research.
| Feature | Nadex | TopForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 TopForex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Nadex | TopForex |
|---|---|---|
| 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 Nadex and TopForex 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 | Nadex | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |