Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. I tested ADSS’s flagship WebTrader platform and found its streamlined instrument search to be a standout feature, making it easy to navigate the broker’s extensive range of tradable assets. ADSS offers more than 11,500+ real stocks and ETFs for value investing and portfolio building.
The broker provides various educational materials including beginner’s guides, video tutorials, webinars, weekly market updates, an economic calendar, news and analysis, and a trading glossary. However, it’s worth mentioning that industry leaders offer a wider range of resources and more user-friendly websites to their clients. Traders have access to trading hard commodities such as gold, silver, copper, natural gas, and crude oil. In addition, traders can buy or sell soft commodity CFDs such as coffee. Some low-trust brokers mix traders’ funds with their own, which makes the funds easily accessible for themselves, but as a result, the safety level gets damaged. In today’s review, we’ll discuss fees, trading instruments, account types, and all you need to know in detail to aid you in choosing the right Forex broker for you.
Trading Fees
It’s recommended for novice traders to trade major and minor currencies and avoid exotics such as USD/TRY, EUR/NOK, and others in order to save on spreads. The huge variety of assets offered by this broker is the biggest reason why traders might be encouraged to open trading accounts with them. The total number of tradable assets is more than 2,200, out of which most are stock CFDs. CFD stands for Contract For Difference and is a preferred asset class for short-term traders. As for long-term investors, real stocks and real assets are more attractive. ADSS offers Contracts for Difference (“CFDs”) on a wide range of underlying financial instruments including Forex, equities, indices, government bonds, commodities, and cryptocurrencies.
- While ADSS does not offer especially unique features, I want to note that ADSS is the only broker in the GCC/MENA region that offers clients dedicated Sales Traders.
- ADSS uses a five-step online application which collects information about traders concerning their finances and trading experience.
- With ADSS’s comprehensive learning resources, traders have access to the knowledge and tools needed to navigate the markets confidently and effectively.
- The platform provides enhanced trading experience to clients, with comprehensive, customisable, yet simple charting features enabling easy research into an instrument.
Is ADSS suitable for spread betting?
It does not have the greatest amount of information, but it is nice that they are offering something beneficial to their customers and potential customers. As mentioned in the accounts section of this review the minimum deposit for any of the accounts that ADSS offer is $100, which will get you into a Classic Account or a Swap Free Classic Account. If you wanted to take advantage of the Elite account or the Swap Free Elite Account then you will need a minimum deposit of $200,000 or more. Opening an account with ADSS is simple and straightforward and they offer a number of different account types to cater to the different requirements of their traders. In addition, traders can receive trading signals and news articles via the app. The software comes with a tablet and mobile version and is user-friendly.
Customer Support Channels
What’s more, liquidity for CFD assets is much higher, making spreads tighter. Currently, the company operates globally and provides access to trading various asset classes including CFDs on Forex pairs, indices, commodities, stocks, and cryptos. ADSS uses a five-step online application which collects information about traders concerning their finances and trading experience. Aside from general customer support, ADSS’ Sales Traders offer technical and market analysis and more. I did not find a live chat function, and the FAQ section provides limited answers. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
What platforms does ADSS offer?
When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. According to my findings, ADSS’ swaps range from average to high compared to the industry benchmark. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
Tradable Instruments
Clients can be confident they are dealing with a leading financial institution. The proprietary ADSS Platform, also available as a mobile app, offers a user-friendly and modern interface. Besides one-click charting features, it has an advanced drop-down deal ticket for precision order entries, and the intuitive trading interface is fully customizable.
He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. ADSS offers a wide selection of educational videos and articles, allowing traders to choose the format that best suits their learning style. Most importantly, the content covers all key aspects of trading—technical and fundamental analysis, risk management, and trading psychology—providing a well-rounded foundation for ADSS forex broker traders at any level. ADSS provides comprehensive market research, keeping traders informed about emerging trading setups and the factors driving market movements.
Professional Account
If you were to join with the Elite account, then spreads are reduced and are seen to be around 1 pip on the EUR/USD currency pair. We are dedicated to improving opportunities and enhancing the trading experience for all of our clients. We insist on having the highest standards and exist to inspire others to achieve their goals.
- With a $100 deposit, zero commissions, and floating spreads from 1.4 pips, ADSS’ Standard account offers pretty typical conditions for retail traders.
- Clients can also access the MetaTrader 4 (MT4) platform, known for its user-friendly interface and comprehensive features, alongside ADSS’s proprietary platform, providing unique tools and insights.
- ADSS acts as the counterparty to all CFD trades with clients, providing an execution-only service through its online platforms.
- It appears that in the past there were other promotions active, so there is hope that there will be others in the future too.
With a $100 deposit, zero commissions, and floating spreads from 1.4 pips, ADSS’ Standard account offers pretty typical conditions for retail traders. The account also features a 50% stop-out, giving traders some protection against adverse market volatility. It’s worth mentioning that the major pairs such as EUR/USD, USD/JPY, GBP/USD, etc. are more liquid and offer tight market spreads.
ADSS is located in the United Arab Emirates and a large portion of its traders are of the Muslim faith. To avoid confusion and get a clearer view of ADSS’s fees, let’s compare the prices with other brokers. Keep in mind that the 1.6 number is just a broker markup and in live trading environments, spreads can get even higher due to a lack of liquidity. Account currencies for UK and European customers are USD, EUR, and GBP. As for clients from South East Asia, account currencies are USD and AED.
As already mentioned, CFD trading comes with certain short-term benefits such as better liquidity, tighter spreads, higher leverage, and simplicity. In addition to these benefits, traders do not have to worry about crypto wallets and cashing-out issues since they’re not actually owning the assets. Deposits are free of internal charges, but ADSS levies a minimum withdrawal fee of $5. No information concerning processing times or minimum deposit and withdrawal amounts is published. The balanced asset selection and educational content for beginners are good, and I like the familiarity of MT4. This detailed ADSS review includes all the relevant information you need to know to find out whether the broker will suit you.