When it comes to choosing a brokerage firm to work with, it remains a challenging endeavour – especially for novice traders. This is because all brokers are different and will generally differ regarding their products and services offered, fees and commissions, leverage provided, customer service, and well as educational resources provided.
This means traders must do their due diligence before committing to any particular broker. Here, in this ADSS review, we take a look at the award-winning brokerage firm ADSS, what products it offers, what accounts are provided, and how traders can fund an account. Keep reading below to learn more.
ADSS’ background
ADSS is an award-winning leading MENA brokerage firm that provides traders with the highest quality investment opportunities and the most rewarding trading experience. This is done through its multi-asset trading technology, a personalised view of the markets, access to liquidity and instruments, and support fromits experienced, highly qualified team of specialists.
As one of the only brokerages headquartered in the GCC, ADSS operates in the Middle East as well as the UK. As such, it is regulated by the Securities and Commodities Authority (SCA) in the UAE, as well as the Financial Conduct Authority (FCA) in the UK. On the whole, ADSS remains a highly responsible broker that is committed to offering traders a fair, competitive, and transparent trading environment.
Products offered by ADSS
ADSS allows traders to access global markets with their wide range of offerings. Traders can choose to buy and sell spot forex or trade CFDs on highly liquid equities, popular indices, and commodities. Traders can also monitor price movements with daily market updates direct to their inbox and never miss a trade. Below, we take a deeper look at some of the products that are offered by the brokerage firm.
Forex
Traders can find opportunities in the world’s most liquid and financial market. They have the option of trading CFDs on over 60 currency pairs in the forex market at some of the best prices in the industry. This includes exploring major currency pairs such as EUR/USD, minors such as NZD/CHF, as well as exotics like EUR/TRY. Traders can take advantage of leverage of up to 500:1 with ADSS’ bespoke trading platform along with some of the most competitive spreads in the industry. This platform was voted Best FX Platform 2021 in the Middle East at the Global Forex Awards.
Crypto
For traders looking to trade something a little newer, they have the option of using CFDs to trade cryptocurrencies with ADSS such as Bitcoin, Ethereum, and Litecoin 24/5. This is great as the volatile crypto market creates opportunities for traders as prices rise and fall unexpectedly. By trading CFDs with ADSS, traders can potentially take advantage and find opportunities from price differences regardless of the direction of the market. They can also access competitive spreads, a dedicated account manager, and educational and research tools.
Stocks
Traders have the opportunity to trade some of the biggest names in finance, technology, healthcare and communication with equity CFDs. They can either go long or short on established and popular businesses such as Amazon, Meta, Tesla, Nike, and Boeing, in addition to major players from the GCC region. They can also keep an eye on the news with ADSS’ market updates and be amongst the first to spot the next big thing happening in the markets. With ADSS, traders can trade stocks with no hidden fees and a leverage of up to 20:1.
Commodities
For traders looking to trade commodities, they are in luck with ADSS. ADSS allows traders to take advantage of market volatility and choose from CFDs on spot commodities and futures. Some of the most popular instruments in the commodity market include metals (gold and silver), energy products (crude oil and natural gas), as well as agricultural products (coffee) for both hedging and speculation purposes. Traders can trade per whole tick movement with zero commission and no hidden fees. They offer spot commodities and futures with a leverage of up to 200:1.
Indices
For traders not wanting to trade stocks individually, they instead have the option of trading indices with ADSS. Traders can trade CFDs on indices from the US to Europe and Asia. ADSS’ indices are based on leading global exchanges such as the Dow Jones, NASDAQ, FTSE 100, the S&P 500, and more. Traders can therefore take advantage of some of the tightest spreads in the market and leverage of up to 333:1. They can also respond to global events, capitalise on volatile markets, or gain exposure to an entire sector or economy – all with an award-winning brokerage firm.
Accounts offered
ADSS offers a few different types of accounts for traders to use. This means whether someone is new to trading or a seasoned professional, ADSS’ trading accounts suit all needs and experience levels. Here are a few accounts provided by the brokerage firm.
Classic
- $100 minimum initial deposit
- Competitive market spreads
- 500:1 maximum leverage
- 24/5 customer support
- Training courses
Elite
- $100,000 minimum initial deposit
- 25% lower spreads
- 500:1 maximum leverage
- A dedicated senior account manager
- +Elite events
- Multi-base currency
Elite +
- $250,000 deposit
- Ultra-low spreads
- 500:1 maximum leverage
- Manager + Sales Trader
- +Elite events
- Multi-base currency
Demo account
ADSS also provides a demo account for traders to use. While the interface may be similar to that of a live trading account, the main difference is that demo accounts only allow for paper trading in a simulated environment. This means there are no monetary losses when trades are made, but also no monetary rewards as well.
Therefore, the demo account is a great place for traders looking to improve their trading skills and strategies, as they can trade without losses happening. In order to open a demo account with ADSS, one only needs to register an account with the brokerage firm – which is completely free and has no hidden fees.
Funding an account
ADSS allows traders to fund their live trading accounts in multiple ways. These include traditional methods such as bank wire transfers, credit cards, and online bank transfers. Currently, ADSS also allows funding through digital payment platforms such as Neteller, Skrill, and Cash U, as well as Samsung Pay and Apple Pay.
Additionally, ADSS remains the only brokerage firm in the UAE to offer funding through UAEPGS – the transfer payment gateway from the Central Bank of the UAE. Traders can even request to withdraw funds via the same options mentioned.