broker review

An in-depth look into ADSS

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ADSS is an award-winning brokerage firm that is based in the UAE. It is currently one of the leading brokers in the MENA region, with clients from both internationally and locally. It is regulated by the SCA in the UAE and the FCA in the UK.

In this broker review, we take a look at what instruments ADSS offers to clients, its account types and tiers, as well as funding and withdrawal methods.

Keep reading below to learn more.

Tradable instruments

As of the time of writing, ADSS offers traders a diverse and wide range of tradeable instruments, including currencies, indices, equities, commodities, and cryptocurrencies. Leverage varies depending on the instrument, but it is safe to say that no commissions are charged for any trades that are executed. This is therefore considered a huge bonus for high-frequency traders or traders that have high-volume executions. For retail traders, this is also a benefit as it can help them save on any operational feels that could eat into potential returns.

Forex

ADSS has over 60 currency pairs for traders to choose from, including major, minor and exotic pairs. The brokerage firm provides a wide range of over-the-counter and derivative trade execution for forex traders. Leverage can go as high as 500:1, and spreads are very competitive.

Equities

Traders can access both local and global equities that are offered by the brokerage firm. These include big names such as Nike, Tesla and Microsoft on international markets, as well as GCC stocks such as NAMA Chemicals and Jabal Omar. Traders can take advantage of maximum leverage of up to 20:1.

Commodities

Traders even have the option of speculating on plenty of commodity types such as precious and industrial metals, agricultural commodities, and energy sources. The maximum leverage traders can take advantage of is 200:1. Commodities tend to be traded per whole tick movement. Some examples of commodities that are on offer include gas, oil, gold, and coffee, to name a few.

Indices

Traders will be happy to know that they also have the option of trading indices, instead of simply trading stocks individually. The maximum leverage that they can take advantage of is 333:1, and they can do so by speculating on the performance of the global market benchmarks. Indices that are offered by ADSS include Japan’s Nikkei 225, Hong Kong’s Hang Seng Index, and more.

Cryptocurrencies

Those who are looking to trade and speculate on newer instruments will be pleased to know that ADSS also offers cryptocurrencies to traders. Traders can use CFDs to trade and speculate on some of the world’s leading cryptocurrencies such as Bitcoin, Litecoin, and Ethereum, to name a few. ADSS also provides highly competitive spreads, a dedicated account manager, and other research and educational tools, Traders can thus go long or short and find opportunities in the market regardless of its direction. The maximum leverage traders can take advantage of is 4:1, with tick sizes being 1 point and tick values being 1 USD.

Account types and tiers

ADSS offers traders live trading accounts and a demo account for them to use. We have broken them down below:

Demo account

ADSS’ demo account offers 50,000 USD in virtual funds, which users can use to paper trade and practice their trading skills. It is completely free to open a demo account with the brokerage firm, so long as one has already registered an account with ADSS. That said, demo trading is restricted to MT4 only, though demo traders can still access ADSS’ full range of instruments. The virtual funds can also be reset if the trader wishes.

Live accounts

Live accounts come in three different tiers – the Classic, Elite and Elite+.

Classic

The Classic account is the standard account type for clients and is ideal for traders of all experiences and skill levels. With a minimum initial deposit of $100, it is a fantastic way for people to get started with trading in the financial markets. The Classic account also comes with a maximum leverage of 500:1 for various instruments, and traders can access the full range of markets through ADSS. No commissions or fees are charged on any trades that are executed.

Elite

The Elite account is the second account tier that ADSS provides. It starts with a minimum initial deposit requirement of$100,000 and offers 25% lower spreads. It also provides everything that the Classic account already has but with a few additional perks. These include a dedicated senior account manager, +Elite events, and multi-base currency,

Elite+

The Elite+ account is the highest account tier that is offered by the brokerage firm. It starts with a minimum initial deposit requirement of 250,000. It offers everything already in the Elite and Classic tiers, alongside a few additional features. These include ultra-low spreads, and a sales trader alongside a dedicated senior account manager.

All live traders, as well as demo traders, can access the educational resources that are on ADSS’ official website. These include blog articles, market analysis, and video tutorials on how to trade and use the broker’s trading platform.

Platforms offered

When it comes to the trading platforms themselves, there are two options for live traders and one option for demo traders. As mentioned above, demo traders can only access MT4, which is the sector’s most popular forex trading platform. Traders can also paper trade with other instruments.

Live traders, on the other hand, can choose between trading on MT4 or through ADSS’ bespoke platform. The ADSS platform is largely comprehensive and offers an efficient way to trade on desktop and mobile devices, as well as in the window browser. Through ADSS’ proprietary software, traders can access the entire range of instruments that the broker allows.

Funding and withdrawals

One thing that makes ADSS unique compared to its peers is the myriad of ways traders can deposit and withdraw their funds. This can be done either through wire transfer, credit card, or even through digital wallets, such as Neteller, Skrill, Samsung and Apple Pay. This makes the trading experience a lot more efficient and smooth.

Benefits for UAE citizens

UAE citizens, also receive extra benefits when it comes to funding and opening an account with ADSS. This is because the brokerage is headquartered in the UAE. Therefore, UAE citizens can go entirely paperless by using UAEPass, an entirely digital process that can speed up account opening.

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