Nadex
Uphold
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Nadex was founded in 2008 and is headquartered in USA, while Uphold was established in 2013 and is based in United States. Nadex holds licences including Unregulated, while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Nadex serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $250 at Nadex and $1 at Uphold.
| Feature | Nadex | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Unregulated | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2008 | 2013 |
| Country | USA | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Nadex and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Nadex). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; Uphold does not. Overall, Uphold scores higher on fees in our assessment.
| Feature | Nadex | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Nadex offers MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which Uphold does not offer. Nadex edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | Uphold |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and Uphold compare. Uphold runs regular live webinars; Nadex does not. Uphold has a video library; Nadex does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | Nadex | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Nadex | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Nadex offers phone support; Uphold does not. Email support is available at both brokers. Nadex supports 2 languages and Uphold supports 1, giving Nadex broader global reach. Nadex scores higher overall on customer support in our assessment.
| Feature | Nadex | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |