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HomeIndustry NewsNadex offers initial deposit bonus of up to 10%
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Nadex offers initial deposit bonus of up to 10%

The North American Derivatives Exchange has extended the CFTC regulated exchange’s initial deposit bonus program which allows new accounts to earn up to 10% of their first deposit.

The trading venue has notified the Commodity Futures Trading Commission of its plans to reinstate its Initial Deposit Bonus Program beginning on February 7, 2022 which will run through May 31, 2022.

Eligible participants must have an open account that is able to accept an initial deposit on or after the Effective Date of the Program. Members who funded their accounts prior to the effective date of the program, or who previously had a funded account which was subsequently terminated, are not eligible for the Program.

Minimum initial deposit of $1,000 is awarded with $100

Investors who wish to gain access to the bonus must make a successful initial deposit of at least $1,000, which has to occur in a single
transaction, and execute at least 5 trades (of any size) in any market from the participant’s account within 30 calendar days of the initial deposit date. The Bonus will be $100, which is 10% of the minimum deposit amount for eligibility.

“Nadex endeavors to apply the Bonus to the participant’s account by the fifth business day of the month for participants who complete the eligibility requirements by the last day of the previous month”, the firm stated.

The Program is scheduled to terminate on May 31, 2022 and no participant will be entitled to a Bonus payment after this date. Nadex reserves the right to terminate the Program earlier in its discretion.

In the event Nadex decides to end the Program early, Nadex will provide notice of the termination date 60 days in advance on the Notices page of the Nadex website.

The exchange added that any individual or entity or authorized trader who has terminated their relationship with the operator due to a financial, compliance, regulatory, or legal reason may not participate in the Program.

IG Group to sell Nadex to Crypto.com

In December 2021, Singapore-based crypto exchange Crypto.com has agreed to buy Nadex and Small Exchange from IG Group for $216 million.

“We’re really excited by this deal, as it delivers a significant return on the previous investments made in Nadex and Small Exchange and enables additional investment across all our businesses. This deal also allows us to further sharpen our focus on integrating and expanding the US options and futures business through our tastytrade and tastyworks franchises, both in the US and internationally, where we see significant room for growth.” said June Felix, CEO, IG Group.

Nadex is a US derivatives exchange for binary options, call spreads, and knock-outs. It provides access to opportunities across global financial markets, including US and international indices, major forex pairs, commodities and economic events.

The closing of the transaction is expected to be in the first half of 2022, subject to the satisfaction of customary conditions, including regulatory review.

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