With so many brokers around today, it can be difficult to find the one that best suits your needs. As such, in order to pick one that best suits your needs, traders must do research on what the particular brokerage firm offers, such as its services, products, trading accounts, commissions, fees and more. You can read this review about MENA-based broker ADSS, as well as this review here https://tradingbrokers.com/reviews/adss-review/ to learn more about what it provides.
Regulations and licenses
ADSS is proud to be the only brokerage firm that is headquartered in the GCC region. At the time of writing, the brokerage firm operates mainly in the UAE and the UK. This means ADSS is regulated by the Securities and Commodities Authority (SCA) and the Financial Conduct Authority (FCA) respectively. As ADSS focuses on being such a highly responsible broker, they aim to be committed to offering traders a fair, competitive and transparent trading environment. Currently, ADSS remains regulated and authorised in all regions that it operates in, meaning traders can rest well knowing that their funds are both secure and safe.
Trading accounts provided
ADSS offers plenty of different accounts for traders to start trading with. Three of them are live trading accounts, while another is a demo account. This means no matter how experienced or inexperienced a trader is, they will be able to find a trading account that suits their needs and preferences. Here, we break them down below:
Classic
The Classic tier is ADSS’ standard live trading account type tier. Here is what it provides to traders:
- $100 minimum initial deposit
- Competitive market spreads
- 500:1 maximum leverage
- 24/5 customer support
- Educational and training courses
Elite
The Elite tier is ADSS’ second live trading account tier offered to traders. It provides everything already in the Classic tier, along with a few additional perks:
- $100,000 minimum initial deposit
Elite +
The Elite + tier is ADSS’ third and last live trading account tier offered. It provides everything already in the Classic and Elite accounts, alongside a few additional benefits:
- $250,000 minimum initial deposit
- Ultra-low spreads
- 500:1 maximum leverage
- Manager and Sales Trader
- +Elite events
- Multi-base currency
Demo account
ADSS also provides a demo account for traders to use. Opening a demo account is completely free, so long as traders register with the brokerage firm. The thing that makes demo accounts different from live accounts is that everything takes place in a simulated environment. This means there is no risk of monetary losses from happening, however, there will be no returns as well. As such, this makes demo accounts a fantastic way for traders to practice their trading skills and strategies without the risk of losing anything. Currently, demo accounts are only through MT4, and ADSS provides US $50,000 of virtual funds for traders to get started with using the demo account.
Fees and charges
Traders will be pleased toknow that they will not be charged a commission on both MT4 as well as ADSS’ bespoke trading platforms when they are trading. There are also no hidden fees that will take traders by surprise. The only thing that traders need to be aware of is the minimum initial deposit in order to open a live trading account. Other than that, there are no non-disclosed fees that traders are required to pay.
Educational resources
Glossary
The brokerage firm provides a financial glossary that details the definitions of many popular and common key terms that crop up in trading. Some examples include the definition of ‘asset’, ‘stock’, ‘appreciation’ and more. The glossary is listed in alphabetical order, making it easier for readers to flip through. The financial glossary is a good first resource for traders who may be unfamiliar with some of the trading terminologies, or those who are looking for a refresher. This makes it easier for them to understand key concepts when it comes to trading on the financial markets, without needing to spend so much time looking them up.
Video tutorials
ADSS provides clients with a selection of video tutorials, which is great for those who prefer learning in a more engaging format. More specifically, these videos are part of a 10-part video course specifically geared to new investors, although seasoned professionals can still use them as a refresher. Some of these topics include the basics of a trading chart, the foundation of forex, an introduction to technical analysis, a look at trading terminology, and more.
Market analysis
ADSS makes its market analysis available to traders on its official website. It can be found under the ‘Analysis’ section of the website. These analyses usually look at how current events may affect how instruments move in the financial markets, which can be of use to traders looking to see how it may impact their portfolios. Additionally, ADSS includes hypotheses on how they think a certain event will impact the financial markets, which can give traders a heads-up and stay on top of what is happening.
Platform guides
Another thing that the brokerage firm provides to traders is a platform guide to their bespoke trading platform. This can be found in the ‘Learn’ section on the firm’s website. These platform guides go over the basics of ADSS’ bespoke trading platform, such as how to navigate the interface, how to place a trade, edit working orders, and more. The articles also include many screenshots that make it very clear to readers how to follow its instructions.
Bottom line
Overall, ADSS provides traders with plenty of trading accounts to make use of – three of them are live while one is a demo account. This means regardless of one’s experience with trading, one should be able to find a trading account suitable to their needs. Additionally, the brokerage firm provides plenty of educational resources and insights that traders can use to improve their skills and trading experience. These include platform guides, a financial glossary, video tutorials, as well as market analysis. All of these offerings help to make ADSS stand out from its industry peers.
