Misc

A comprehensive review of MENA broker ADSS

Licenses and regulations of ADSS in 2024

Firstly, and most importantly, ADSS is a broker that is based in the UAE, and it is authorised and regulated by the Securities and Commodities Authority (SCA) as a trading broker for OTC derivatives contracts and foreign exchange spot markets. The broker is also compliant with local UAE laws as a limited liability company incorporated locally. Let us learn more about the broker, from its offerings to account options, in this trading brokers ADSS review.

 

Trading platforms offered by the broker

ADSS traders can work with the broker and place trades on the ADSS trading platform and on MT4.

 

The ADSS trading platform

The ADSS trading platform is a bespoke solution provided by the broker and developed in-house, and the platform can be accessed on mobile, desktop and through the web browser. The platform provides intuitive charting tools with multiple time frames and access to global markets (the entire product range of ADSS), and traders will find its dynamic updates and comprehensive trading tool set to be very useful. 

 

Developed with smooth trade execution in mind, the platform delivers. Trading across devices can also be done effortlessly, which is a bonus in our opinion, as many of us are rarely stationary these days.

 

Trading using MT4

There is also the option for traders to stick to the popular trading platform MT4, which is an industry favourite, especially amongst forex traders. As facilitators of forex trades on the spot market and forex derivative products, traders with ADSS can find comfort in the familiarity of MT4 if they have previously used it and prefer to stay with the platform. 

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The benefits and features of MT4 are plenty and we won’t go into them here – as they can easily be found on the Meta Quotes website. Having an option for traders to trade on MT4 is great on the part of ADSS, and it is a testament to the broker’s dedication to providing a comprehensive trading experience for all types of traders.

 

Traders should be mindful that ADSS does not offer Crypto CFD trading on the MT4 platform. If traders would like to participate in crypto CFD trading, they can do so with the ADSS platform.

 

Account options at ADSS

There are two account options at ADSS – the live and demo. Amongst the live accounts are three tiers: Classic, Elite and Elite +.

 

Classic accounts are suitable for traders of all types, with a minimum deposit requirement of just 100 USD. Classic traders can access the entire ADSS product offering and trade with competitive spreads, and they can access the broker’s educational resources in both English and Arabic.

 

For those who are looking to trade with even lower spreads and have more freedom in their trading, ADSS offers Elite and Elite+ accounts starting at deposits of 100,000 USD and 250,000 USD, respectively. Elite account holders can trade with a 25% lower spread than Classic account holders, and they can use the help of a dedicated senior manager while funding their account with multi-base currency options. Elite + account holders can enjoy all the same privileges, plus even lower spreads and access to their own sales trader and manager. Traders of both Elite tiers can also gain access to +Elite events.

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Demo account traders trade only on Meta Trader 4 (MT4), while live traders get to trade on either MT4 or the ADSS trading platform. The demo period lasts for 60 days.

 

Demo traders receive virtual funds of 50,000 USD and access to the entire ADSS product range for them to explore and place paper trades. No credit card is needed, and they can also access the broker’s bilingual (English and Arabic) educational resources and market insights on their website. Demo traders can access live spreads and prices, and they can learn more about the MT4 platform with free guides provided by the broker.

 

Products Offered

ADSS has a wide range of products available for trading, either through spot markets or through CFDs. Traders who are interested in creating a balanced and diversified portfolio will find it easy to do so with the broker, who offers market access to CFDs on forex pairs, crypto, equities, commodities, and indices.

 

One of the best things about trading with the brokerage firm is that ADSS indicates they do not charge commissions on any trades executed. However, there may be swap fees, currency conversion charges, and other account maintenance fees that traders must be aware of.

 

Commodity CFDs

Commodity CFDson gold, coffee and US and UK crude are available for speculation at ADSS. Leverage of up to 200:1 is offered for Commodity CFD trading, and commodities are traded per whole tick for convenience.

 

Index CFDs

Index CFD traders will find a broad product range at their fingertips. The broker offers access to popular indices such as the DAX, the US 50, US 100, and US 500. They also offer CFDs on global indices, such as the Hang Seng Index, and plenty of other European and Asian indices. As a GCC-based brokerage firm, ADSS of course provides the option for traders to monitor GCC indices. Index CFD traders can enjoy leverage of up to 333:1 when they trade.

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Forex – spot and CFDs

The trader offers major, minor and exotic forex pairs for both spot trading and in the form of CFDs. Traders can use leverage of up to 500:1 when they trade currencies, and there are over 60 forex pairs for them to choose from. Voted the Best FX Platform in the Middle East in 2021 at the Global Forex Awards, ADSS is a great place for forex traders to start their investment journey.

Cryptocurrency CFDs

For those who are interested in trading crypto CFDs, ADSS offers trading of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin – which are four of the most popular instruments on the market. Crypto CFD traders can also enjoy leverage of up to 4:1.

Stock CFDs

Traders can find plenty of stocks to trade via CFDs. The offering from the broker covers major players such as Meta, Amazon, Nike, Tesla, Boeing, and more, and as a GCC-based brokerage firm, they also offer shares from topper formers in the region. Stock traders can go long or short and find opportunities in both bullish and bearish markets around the world, including the UK, US, German, French, Swiss, Chinese, Australian, and Japanese stock markets, and more. Leverage of up to 20::1 can be used in stock CFD trading.

 

Overall verdict

MENA broker ADSS is fast becoming one of the largest and most innovative brokers in the region. With spot forex and CFDs on commodities, crypto, stocks, indices, and currencies, there is a lot to choose from. Access to the ADSS trading platform and MT4 also provide more choice. Beginners and inexperienced traders may opt for the intuitive and sleek design of the ADSS platform, while advanced traders may trade on MT4 and access a more sophisticated set of tools. Regardless, the broker’s no-commission trading and offering of tight spreads make it a strong choice for traders in the MENA region and beyond.

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