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Nadex Scam Summary. 1  Nadex is not a scam. 2  It offers a financial derivative which allows you to profit online. 3  Nonetheless, this derivative is not the one most commonly known as binary options. 4  Although they carry the same name, Nadex binary options are a totally different tool.
Here are some warning signs and red flags that this is a scam: 1  The IRS would never call you first on the phone. 2  The fake agent uses a very common name, like John Smith, Bob Jones, etc. and provides a (fake) badge number. 3  The fake agent knows the last 4 digits of your social security number, but NOTthe entire number.