Hi Reddit! We are Nadex. We have been helping people aim to capitalize on market movements in a regulated environment for over 12 years. We know binary options have had a checkered past over the last few years overseas and we are here to address all your questions around US Binary Options and more. We’ll be answering your questions starting on Friday, 8/13 at 5:00pm EDT, so post them in the thread below now!
What are Binary Options? In a nutshell, binary options are short-term, “yes” or “no” predictions on where the market will be at a certain time. A more detailed description can be found
here.
I’m Travis McGhee, CEO of Nadex. I joined Nadex in 2019, after having spent 15+ years in the trading world, as a trader, an executive and everything in between. As a military veteran I've always been extremely passionate about a mission that is much larger than myself. After leaving the military I was able to take that same passion and apply it to retail trading, giving everyday retail traders the same access to financial markets as the pros. This same love for retail trading (along with energy drinks) now fuels every single Nadex employee, like Dan Cook.
Dan has been very involved right from the start of Nadex in 2009, including the last 10 years as Director of Business Development. Over that time, Dan’s responsibilities have touched virtually every aspect of Nadex including product design, platform enhancements and trading education.
Nadex is a CFTC-regulated exchange for binary options, call spreads, and knock-outs. We offer our users secure and innovative ways to participate in the markets.
We are strong proponents of educating all traders and supply a variety of educational resources for everyone whether they trade with us or not. Along with this we give users the ability to test out trading without risk with a free demo account as we believe new traders should be able to test their skills and learn to trade in a way that suits them before risking any of their money.
Our mission is to provide our traders with access to short-term trading opportunities, 23 hours a day, 5 days a week, across the globe.
We are also adding some links to resources you may find helpful:
https://preview.redd.it/9ond87mrycg71.png?width=719&format=png&auto=webp&s=d069885c4016cd6cd3083f241f4e471a5db9e51d Proof Pic: https://preview.redd.it/4ft28mrsycg71.jpg?width=1280&format=pjpg&auto=webp&s=348dfbcbb3e1c4b9cca7567defc56e6b4f3d29ff Now, the fine print: Please keep in mind that account specific questions, for security purposes, will not be answered on this thread, but should be directed to Nadex Customer Service by email at [
[email protected]](mailto:
[email protected]).
Here are some guidelines: - Please stay on topic.
- Keep it clean: Please follow Reddiquette! That means no offensive, obscene, abusive, or defamatory content.
- Please do not comment on specific binary options, call spreads, knockouts or other specific trade recommendations.
- Please do not post anything that infringes on the intellectual property rights of others.
- To keep things orderly, we’ll be adopting the rules used by IAMA – for more details check out /IAMA wiki.
Here’s what we won’t be talking about: - Specific trading strategies or trade recommendations.
- We won’t be able to respond to any account-specific questions. Please do not post anything that includes your personal information or account information, or others’ account information. If you have questions about your account with Nadex, please contact us directly: https://www.nadex.com/contact/.
DISCLOSURES: This Ask Me Anything includes views expressed as of the event date, based on information available at that time, and may change based on market conditions. This information will not be updated. Opinions, statements, or views posted are communications by the persons posting them, and they are not adopted or endorsed by Nadex and do not represent the views of Nadex or its management. Posts by others that describe opinions, views or experiences may not be representative or indicative of another's personal experience. This information is intended to be educational and is not tailored to the needs of any specific trader. Nadex is not affiliated with Reddit and does not control, serve, adopt, or endorse any advertising, messages, or content that Reddit may publish on its site. Nadex does not adopt or endorse any products, services, advertisements, recommendations or statements, or any other content that may appear on Reddit or Reddit affiliated sites. No part of this AMA is intended to make a recommendation or state a testimonial for or about any service or product, or to provide investment, tax, or any other advice. Trading on Nadex involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Nadex is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material contained herein is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on Nadex or elsewhere. This profile is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. © 2021 North American Derivatives Exchange, Nadex, and the N Nadex logo are registered trademarks of IG Group, Ltd. All rights reserved. Unauthorized access is prohibited. Sponsored by North American Derivatives Exchange, Inc. ------------------------------------------------------------------------------------------------------------------------------------
Edit:
Hey Reddit!
We want to give a huge
THANK YOU to everyone who participated in the AMA. It was a blast taking all of your questions and getting to hear Reddit’s POV on a product as niche as ours. We hope we were able to give everyone a better understanding of what binary options are, as well as clear up any misconceptions you might have had. We look forward to doing this again soon!
Check out our response video
here!
