The Nadex Trading Robot is part of a full suite of trading products for binary options, Forex, cryptocurrencies and stocks known as Altredo. Learn more in our complete Altredo review. Today I would like to shoot a quick warning at our US subscribers, although this warning is also relevant to traders in other countries.
In short, Nadex is a US-regulated binary options exchange. Being one of the only regulated binary options exchanges in the US, Nadex is very popular. Some people have decided to exploit this situation and to create a robot which they named Nadex Robot. NadexRobot is completely automated, from money management to technical analysis. I messaged my contacts at Nadex about it!
This is the first time we are being exposed to this. I will show it to our Nadex team. Clearly, the people at Nadex are not aware of any Nadex Robot. Finally, when I tried to register, I got nowhere.
After I submitted my email address, I received nothing from Nadex Robot in the email. Here are some of the comments people shared with us since we first published this review on September 5, Charges your acct then sends you a reciept with no intructions, no links and no names or phone numbers.
Foward the emailed reciept to their email support and get a reply asking for a copy of your CC and photo id… no names no numbers… just put in a charge back request to get your money back. It is a company policy for Nadex not to support any kind of robot application , so yes this is a scam , this could turn in to a legal mater.
I, too, contacted Nadex about this and they said there is no such robot. This is the email I was sent from Steve Dawson. What is even weirder about this is he starts pimping another site.: Thanks for entering your details into the form at NadexRobot. Automated Trading with Nadex. I learned about the possibilities of automated trading on the Nadex platform and created this site in August What I did not know at the time was just how small Nadex is in terms of trade volume and as we ramped up the users we started to see liquidity issues which far too often exposed us to a greater level of risk than was comfortable.
As a result I have stopped trading with Nadex completely and ceased promotion of the Nadex Robot service as of January One thing that you always have to be sure of is that you are in control of your money and that you are not sending it off to a fake or unscrupulous broker.
Hopefully, they will not manage to generate a monstrous mailing list which they will then be able to use to SCAM the life out of their subscribers. Goodness gracious — for heavens sake! Scammers is a friendly term indeed for guys like that, I dare calling them crooks and criminal fraudsters.
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