CFTC-regulated binary options broker Nadex has given notice that its free trading incentive program will terminate at the close of business on Friday, July 21, 2017.
Any account that has not made an initial funding as of 4:15 pm ET on July 21, 2017, will no longer be eligible for the fee-free trading days under the program. Members who have already acquired fee-free trading days will have until the close of business on Friday, August 18, 2017, to use those days.
Any fee-free trading days that remain unused as of 4:15 pm ET on August 18, 2017, will be forfeited, and all members will return to the regular fee schedule set forth on the Nadex website.
Background
On August 31, 2015 Nadex submitted a self-certification submission to the Commodity Futures Trading Commission (CFTC) regarding its plans to implement a Free Trading Incentive Program, whereby a Nadex client could earn up to five fee-free trading days (amended to 15 days in January 2016, and to 10 days in August 2016), based on the amount of the member’s initial deposit.
Pursuant to the Terms and Conditions of the Program:
Nadex may terminate this program at any time. In the event this Program is terminated, Nadex will post a notice on the Notices section of its website.