ADSS is a UAE-based broker, and it is authorised by the Securities and Commodities Authority (SCA) according to UAE law while registered with the Department of Economic Development of Abu Dhabi. As it serves international traders, the broker is also compliant with the Financial Conduct Authority (FCA) in the United Kingdom.
In this review, we will look at ADSS by examining its product offering, trading platforms available, account tiers, and customer support. We also recommend going through peer reviews of the broker to get a full and comprehensive look at its services and offerings, such as reading the ADSS Revieweek assessment for more information. If you are a UAE citizen who is looking to start trading with a broker that can offer localised services on the ground, ADSS can be a great choice – and we will demonstrate why.
Product offering – forex spot market and various CFDs
We will first look at the product offering of ADSS, which is, at first glance, diverse. The broker is licensed in foreign exchange spot market and derivatives trading, and they offer plenty of CFDs on various asset classes, such as indices, crypto, equities, and commodities. ADSS does not charge any trade execution commissions for traders of any account tier.
Forex
There are over 60 currency pairs available for trading at ADSS, including majors, minors, and exotics. Traders can trade with leverage of up to 500:1, with competitive spreads.
Crypto
ADSS offers CFD trading on cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Leverage for these instruments vary – with the highest being 4:1.
Indices
Index CFD trading is also available at ADSS, and traders can speculate on the performance of the benchmarks of global markets. Some instruments available include the DAX, the US 30, 50, and Tech 100. Traders can also access global indices across Europe and Australasia and the US. Index CFD traders can enjoy leverage of up to 333:1.
Equities
ADSS offers a comprehensive range of equities available for trading with leverage of up to 20:1 for those who are interested in stock CFD trading. They offer access to global markets such as the NASDAQ, the LSE, the NYSE, the HKEX, and more. As a GCC broker, they also offer shares of big names in the region.
Commodities
Finally, traders can take part in trading commodities with CFDs or futures, with maximum leverage of 200:1. Traders can find agricultural and energy commodities such as coffee, UK and US crude oil, natural gas, and beyond, as well as industrial and precious metals. Commodities are traded per whole tick.
Trading platforms available
ADSS offers the MT4 trading platform and their own bespoke solution – the ADSS trading platform.
For those who are familiar with MT4, this is a good way to get started with the broker without having to become familiar with a new platform. They can execute trades with superior trading conditions as offered by the ADSS, and they can access the broker’s full product range.
For those who wish to turn to the ADSS trading platform, they are also in for a treat. We had a look at the broker’s in-house development, and we are pleased to say that it offers sleek and minimalist design without compromising quality and detail. Detail is simply packed away, and it can be accessed anytime the trader wishes by clicking into and expanding modules and panels. The ADSS trading platform offers custom charting tools and indicators, and the platform updates itself dynamically, meaning traders will find their platform more tailored to them the more they use it.
The ADSS trading platform is available on desktop, mobile, and browser. For traders who want to trade in the app, they can also find various funding options available, such as Apple Pay and Samsung Pay, which were added to the roster of payment methods compatible with the broker recently. We consider this to be a step-up, for sure, as it increases the flexibility of deposits and withdrawals greatly.
Account tiers
Traders can opt for a live account through three ways: opening a Classic, Elite, or Elite + account.
Classic accounts begin at 100 USD, which in our opinion is a great way for traders to get a taste of trading if they have had no previous experience. This low barrier for entry also makes it easy for traders to start small, and then to scale up should they wish, instead of the other way round. Classic account holders can gain access to the broker’s educational resources on their website, trade with up to 500:1 leverage with competitive spreads and receive customer support from ADSS.
Elite accounts begin at 100,000 USD, while Elite + accounts begin at 250,000 USD. These two tiers of accounts are more suited for the experienced trader who wishes to trade in high volumes or in large amounts, as they have a much higher barrier to entry. Elite and Elite + traders can gain access to exclusive events offered by the broker alongside educational resources. Elite traders can have 25% lower spreads than Classic traders, and Elite + traders even lower spreads still. And while Elite traders can have the help of a dedicated manager, Elite + traders can as well – and the latter can also gain access to a dedicated sales trader at their service.
Demo accounts are available with 50,000 USD virtual funds, and traders can execute paper trades on MT4. They are allowed full access to the ADSS product range, and they can view live quotes and market rates, monitoring the markets just as they would with a live account. No credit card is required upon registration, and traders can reset their virtual funds upon request.
Why ADSS? Extra benefits for UAE citizens
Speaking of why ADSS – there are specific benefits for UAE citizens that may very well be the deciding factor for those who are contemplating creating an account with the GCC broker. UAE citizens can open a live account with the broker without much hassle, going entirely paperless in the verification process with UAEPass. Instead of going through the process of sifting through and mailing paperwork over, UAE citizens can verify their identity and fund their account with UAEPass, an entirely digital process. This perk is a great incentive for UAE citizens to work with ADSS. Customer support and the broker’s educational resources are also available in English and Arabic.
Final thoughts
Having reviewed ADSS in terms of its product and platform offering and account tier options, it is safe to say that the UAE-based broker presents only green flags. If you are a UAE citizen, you may also find more perks from working with a local broker for logistical reasons – such as having customer support speak your language, and having sufficient support that understands local laws and your needs as a trader in the region. However, overall, we would recommend the broker for any international trader, regardless of citizenship, if you are interested in creating a balanced portfolio with a credible and reputable broker.