When it comes to picking a broker, it can be challenging. Traders must research and read reviews before opening a live account with a broker. These reviews can inform people about the trading environment and experiences they will encounter. Here, we take a look at ADSS pros and cons.
ADSS Background and Overview
ADSS is an award-winning leading MENA brokerage firm providing traders with the highest quality investment opportunities. This includes providing multi-asset trading technology, a personalised view of the markets, access to instruments and liquidity, and support from a highly qualified team of financial professionals.
As of the time of writing, ADSS is headquartered in the UAE and has an office in the UK. This means the brokerage firm is regulated by the UAE’s SCA and the UK’s FCA. As a responsible broker, they are committed to offering traders a fair, competitive, and transparent trading environment.
Functions and Features of the Broker
Before looking at the general benefits and limitations of working with the brokerage firm, we will also take a look at some of its unique functions and features. These features are what make ADSS stand out from its industry peers.
No Commissions are Charged in Executing Trades
The first feature of ADSS is that no commissions come with executing trades. There are also no other hidden fees. As such, the lack of commissions indicates that traders, especially those who often need to trade at high frequencies, can pocket as much of their potential return as possible.
Account Verification with UAEPass
Regarding live accounts, the UAE broker allows local (UAE) citizens to open them using UAEPass. This eliminates the need for paperwork in the identity verification process. UAE citizens can even take an entirely digital route when it comes to providing documentation to verify their accounts, and it speeds up and simplifies the process by a significant amount of time.
Ease of Funding
The first feature of ADSS is its ease of funding for traders planning to open live trading accounts. In addition to more traditional methods such as wire transfers or other digital transfer methods, ADSS traders can fund their accounts using Apple Pay or Samsung Pay. This rapid process requires nothing more than a simple click of a button.
Also Read: How To Secure Funding For Your New Business (Useful Sources)
Low Barrier to Entry
Finally, its low entry barrier is one of the brokerage firm’s most extensive stand-out features. ADSS has three live account tiers for those looking to trade live – the Classic, Elite, and Elite +. These accounts can cater to traders of all experience and skill levels, making it great for novices to want to start trading.
The Classic account provides a low barrier to entering the financial markets with a minimum initial deposit requirement of only 100 USD. Despite this, Classic account holders still can gain access to the full range of what ADSS provides, as well as a leverage of up to 500:1. Competitive spreads are also on offer, alongside zero commissions on trade executions.
Other Benefits of Trading with ADSS
After reviewing the stand-out features that ADSS provides, we explore below some of the general benefits the broker offers its clients. Below is some information from the investment firm’s official website and other online peer reviews. These include user-generated comments and formal reports.
Bilingual Educational Resources
A strong point of ADSS is its bilingual educational resources. Those based in the UAE as a local can view the insights in Arabic instead of English, which may make it easier for traders to understand specific trading topics. These resources include webinars, platform guides, video tutorials, market commentary, and a complete financial glossary hosted for free on the ADSS official website.
Diverse Product Offerings
Another significant benefit of ADSS is its diverse range of product offerings. The broker provides CFDs and forex spot trading on commodities, forex, cryptocurrencies, stocks, and indices, with varying levels of leverage utilization.
ADSS offers over 60 currency pairs, global and GCC stocks, major digital currencies, and indices from American, European and Asian financial markets. They also provide commodities such as the US and UK crude heating oil, coffee, and various precious and industrial metals. Their CFD offering makes it easy for traders to diversify and expand their portfolios and go long or short, depending on market movements and trends.
Bespoke Trading Platform and MT4 connection
Finally, another benefit of trading with ADSS is the ability to choose between MT4 and their proprietary trading platform. Both platforms are available on mobile and desktop, and the ADSS platform can be used simultaneously on both mobile and desktop. This is provided the trader has enough internet access on their electronic devices.
Limitations of ADSS
That said, despite everything that ADSS provides, it is not perfect – though not broker is. Two of the main limitations of the brokerage firm include the inability of demo account traders to use ADSS’ bespoke trading platform, and the inability to trade ETFs and options.
Cannot Trade ETFs and Options
ADSS, unfortunately, does not offer derivatives beyond CFDs. This means traders cannot participate in ETF trading directly, and they also cannot buy options. This limits the range of trading strategies that a trader can use. Many traders are still happy to go through their entire trading journey without trading options and investing in funds. So, for many, this will not be a problem.
Demo Account Holders must Use MT4
As stated, a limitation ADSS presents is that demo account holders can only use MetaTrader 4 (MT4) to place paper trades. The ADSS platform is only available to live traders with funded accounts. Therefore, this makes it difficult for demo traders to switch from paper trading on MT4 to live trading on ADSS’ bespoke platform.
That said, live traders are also allowed to trade using MT4, and the brokerage firm mitigates this limitation by making the ADSS platform highly intuitive with a minimal learning curve. This lets traders who market the switch from the demo account to the live performance more efficiently.
