Finding a reputable brokerage firm can be difficult, as there are currently so many online. Fortunately, in this Forex Academy ADSS review, we take a look at GCC-based brokerage firm ADSS. The company was established in 2011 and provides plenty of features and tools for traders to take advantage of. In this particular review, we take a look at the trading accounts ADSS offers to traders, along with the products and instruments that are available. Keep reading below to learn more.
An overview of ADSS
ADSS is an award-winning leading MENA broker that provides traders with the greatest quality investment opportunities and the most rewarding trading experience. This is done through a personalized view of the markets, multi-asset trading technology, access to instruments and liquidity, and support from their experienced team of specialists.
As one of the only brokerage firms headquartered in the GCC region, ADSS has offices in both the Middle East and the UK. They are regulated by the SCA in the UAE and the FCA in the UK. Considering themselves a responsible broker, they are committed to offering traders a competitive, fair and transparent trading environment.
Trading accounts
ADSS provides many trading accounts for traders to take advantage of. Three of them are live trading accounts that can access the markets, while one is a demo account. This means regardless of whether someone is new to trading or a seasoned professional, ADSS’ trading accounts suit all needs and experience levels. Here, we take a deep dive into the trading accounts that ADSS provides.
Classic
- $100 minimum initial deposit
- Competitive market spreads
- 500:1 maximum leverage
- 24/5 customer support
- Training courses and educational materials
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 minimum initial deposit
- Ultra-low spreads
- 500:1 maximum leverage
- Managers and sales traders
- +Elite events
- Multi-base currency
Demo account
Aside from live trading accounts, ADSS also provides a demo account for traders to use. While the interface is similar, what makes the demo account different is that trading only takes place in a simulated environment. This means traders cannot incur any monetary loss, but they cannot make any monetary gains either. As such, a demo account is a great way for traders to practice their trading strategies without needing to worry about losing their funds.
Opening a demo account with ADSS is completely free – traders only need to register with the brokerage firm. Traders can practice trading with US$50,000 of virtual funds. They can also experience live spreads and prices on a wide range of markets and instruments.
Products available
With ADSS, traders can access the global markets with the firm’s wide range of offerings. Traders can buy and sell spot forex, as well as trade CFDs on highly liquid stocks, indices, and commodities. Traders can even monitor price movements with daily market updates direct to their inbox and never miss a trade. Keep reading below to see what specific products ADSS provides to traders.
Forex
Traders can find opportunities in the world’s largest and most liquid financial market. When trading forex online with ADSS, there are no hidden fees, so traders will always know what they are getting. They can trade CFDs across over 60 currency pairs at some of the best prices in the industry, as well as take advantage of leverage up to 500:1 on ADSS’ trading platform. Explore major currency pairs such as EUR/USD, minors such as NZD/CHF, and exotics such as EUR/TRY.
Indices
Traders can expand their horizons beyond individual stocks and trade volatility across an entire index instead with ADSS’ industry-leading platform. Traders can go long or short and 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, the S&P 500, and FTSE 100, to name a few. Traders can take advantage of some of the tightest spreads in the market and leverage of up to 333:1. Traders can even use ADSS to respond to global events, capitalize on volatile markets, or gain exposure to an entire economy or sector, all in a single platform.
Stocks
Traders can trade some of the biggest names in finance, technology, healthcare and communications with equity CFDs. Traders can even go long or short on popular and established businesses such as Amazon, Tesla, Meta, Nike, Boeing and more, in addition to major players from the GCC region. Aside from that, traders can keep an eye on the news with ADSS’ market updates and be amongst the first ones to spot the next big thing. Trade with no hidden fees and a leverage of up to 20:1.
Commodities
For traders looking to trade commodities, they will be pleased with what ADSS is offering. Here, traders can trade commodities such as metals (silver and gold), natural gas (such as crude oil), and agricultural products (such as coffee). These are considered a popular choice when looking to unlock new opportunities in the commodities market. ADSS currently offers spot commodities and futures with leverage of up to 200:1. Trade per whole tick movement with zero commissions and no hidden fees.
Crypto
If traders are thinking about trading something new, they can choose to trade cryptocurrencies with ADSS. This is because the volatile crypto market creates opportunities for traders as prices rise and fall unexpectedly. Traders can start trading CFDs on Bitcoin, Bitcoin Cash, Ethereum, and Litecoin 24/5 with competitive spreads and potentially take advantage of the price differences.
Moreover, when traders participate with ADSS, they can trade directly through the broker’s secure and easy-to-use trading platform. This means traders will not need to open an online wallet, and funds are not transferred to unregulated crypto exchanges.
Bottom line
Overall, we can recommend ADSS as a highly reputable and trustworthy broker. Not only is it licensed in every region that it is based in, but it also provides various trading accounts that suit traders of all experience levels. The brokerage firm has a large variety of products for traders to take advantage of, making it easy for people to diversify their portfolios. Therefore, ADSS is a fantastic brokerage firm that more traders should consider working with.
