In this ADSS review, we aim to look at whether the broker is worth traders’ time. We evaluate its background and awards won, as well as their product offering. We also provide information on the broker’s account options and the account opening process. Finally, we examine some of the external support and resources it offers, such as educational articles, guides, and market analysis. If you want to learn more about the broker before deciding to register, keep reading.
Background Information on ADSS
ADSS is a broker that is headquartered in Abu Dhabi. At first a MENA-only broker, it has since expanded its services and clientele and opened up internationally with offices in the UK and Hong Kong. It is compliant with global regulations. In the UAE, it is authorised by the Securities and Commodities Authority (SCA), in the UK, it is authorised by the Financial Conduct Authority (FCA), and in Hong Kong, it is regulated by the Securities and Futures Commission (SFC).
ADSS establishes itself as an innovative broker that is suitable for professional traders who are looking for a seamless and superior trading experience. The broker has won multiple awards that affirm its status. These awards include Best Forx Trading Innovation at the 2021 Global Forex Trading awards, Most Trusted Forex Broker in 2022 at the Fazzaco Expo in Dubai, and Best Forex Broker in the Middle East at the Forex Traders Summit in Dubai in 2022.
What Products Does ADSS Offer?
ADSS is primarily a CFD broker that offers CFD trading on a wide range of markets and instruments, ranging from indices, forex, and equities to commodities and cryptocurrencies. The first standout feature of the broker is that it does not charge a commission on any trade executed, across all products and international markets. Right off the bat, this is a pleasant surprise for those new to working with the broker, especially for high-frequency traders.
Indices
ADSS offers CFD trading on the most popular indices in the world, including the Hang Seng Index in Hong Kong, the Nikkei 225 in Japan, the S&P 500 in the US, the FTSE 100 in the UK, and much more. Traders who are eager to participate in index trading instead of individual stock trading can find their needs met here. Leverage of up to 333:1 on major indices is available, with other rates varying depending on account tier, specific instrument, and trade size.
Forex
ADSS offers over 60 currency pairs for CFD trading, including major, minor, and exotic pairs that are available upon request. With a maximum leverage of 500:1 for major pairs, traders can gain access to the largest and most liquid market in the world in a straightforward way. There are no hidden fees, and no commissions charged.
Spreads are competitive, but they also vary depending on account tier and the currency pair being traded. For those who are looking to obtain information on the full range of currency pairs available, they can access a market information sheet on the broker’s website that is updated frequently.
Equities
Traders can participate in equity CFD trading on stocks in major exchanges around the globe, including US, European, and Asian shares. These cover big and small names, ranging from IPO shares to blue-chip stocks. Tick size vary depending on the share, and the maximum leverage traders can access is 10:1.
As a broker based in the Middle East, traders have the advantage of gaining access to trading Saudi Arabian stocks and more big names in the GCC region. Spreads remain competitive, with no commissions charged on any trades executed.
Commodities
ADSS provides CFD trading on spot commodities, futures, and commodity-linked ETFs with 0% commission on any trades executed. There is a range of commodities available, including US Crude, Gold, Silver, Coffee, Copper, and more. The full instrument list can be found on the broker’s market information sheet, including information on contract terms. The maximum leverage available for commodity CFD traders is 100:1, and commodities are traded per whole tick movement.
Cryptocurrencies
Crypto CFD traders can trade Bitcoin, Bitcoin Cash, Litecoin, and Ethereum with ADSS. This is a relatively small selection, nevertheless it is comprised of the most popular digital currencies that are the most sought after by traders. Crypto CFD trading is available 24/5, with tick size at 1 point. Maximum leverage available is 4:1, and traders do not need to have an online wallet to speculate on crypto price movements. They can trade crypto CFDs directly through the ADSS trading platform or via MT4.
ADSS warns against crypto CFD trading as cryptocurrencies are highly volatile in nature, and trading CFDs on these currencies can potentially lead to high losses if not done correctly. There is also a disclaimer on the anonymity of crypto trading, with the anonymity of transactions creating a level of risk that traders must be ready to take on should they speculate on cryptocurrencies.
What are Their Account Options?
ADSS offers three live account options. They are called the Classic, Elite, and Elite+ accounts.
The Classic account is a standard account that can cater to all traders, and they provide full functionality of either platform (the ADSS bespoke solution or MT4), with access to the broker’s entire product offering with a minimum deposit of $100.
The Elite account has a minimum deposit of $100,000 and has 25% lower spreads than the Classic account. There is also the extra perk of being granted access to Elite+ events as well as being assigned a dedicated senior manager who can field queries and provide analysis.
The Elite+ account is the top tier, and it has a minimum deposit of $250,000. Spreads are even more competitive than the Elite account, and on top of the Elite account perks, Elite+ traders also receive the support of a dedicated sales trader for their account.
Demo accounts are available with virtual funds of $50,000, and demo trading takes place on MT4. Demo traders can experience live spreads and prices on ADSS’ offering of products, and trading is available on mobile and desktop.
The Account Opening Process
For live accounts, the account opening process can be done in two ways: manually or through a simplified channel for UAE residents. For those signing up manually, they fill in a form on the ADSS website and submit verification documents to confirm their identity. For those who are residents of the UAE, they can streamline their signup process with UAE Pass, if they have their updated documents digitised.
Demo accounts do not require credit card details, and users can simply sign up on the ADSS website by filling in some of their personal details.
Educational Resources
ADSS provides additional educational resources for traders of all levels.
Guides on Trading
Some examples include the dedicated ‘Learn’ section the broker has on its website. With the aim to empower traders so they can reach their full potential, ADSS has articles that explore different concepts and analysis methods, ranging from how to read charts to how to trade CFDs.
ADSS also has a dedicated library of tutorial videos, which takes traders through a series of progressively difficult courses. The 10-part video course ranges from trading terminology breakdowns to technical analysis methods and how to build a trading strategy.
Platform Guides
For those who need help setting up platforms – be it the MT4 or the ADSS bespoke solution – they can do so with the help of the broker’s platform guides. The guide includes everything traders need to know to execute trades efficiently, such as how to open and close positions, how to navigate the interfaces of platforms, how to edit working orders, and how to read margin utilisation bars and decode warning levels. This is a great place for traders to check out before contacting customer support.
Glossary
ADSS also provides a bilingual glossary on trading terms. The glossaries are comprehensive, with popular terminology covered, as well as more details on different types of trading strategies. For those who are unfamiliar with how to trade, or the terms used in the financial markets, they can check out this glossary to get started.
News and Analysis
Finally, ADSS does offer an analysis section on their website, where their traders and experts provide information on the markets and their developments. This includes articles on breaking down market movements as well as commentary on breaking news. The market analysis section is frequently updated in English and has an Arabic version available.
Trading Support
ADSS offers responsive trading support for prospective and current clients, who can contact them on an online form on their website, or via email or by phone. Traders can leave queries ranging from tech support to trading information. The ADSS team is responsive and has the expertise and knowledge required to coach enquirers through issues, and they also have a professional approach and interaction style.
Conclusion: is ADSS Worth it?
In conclusion, ADSS is indeed a broker worthy of consideration for those planning to get into CFD trading in any market. They have an extensive product range with 0% commission on all trades executed, reasonable account tiers that offer competitive spreads and high leverage, and a complete content library that can take traders through the basics. They also have a dedicated and professional support team that can respond to queries quickly and solve issues efficiently. As one of the leading MENA brokers, we did not expect less from ADSS when reviewing their products and services, and the broker did not disappoint.