Questions regarding ADSS – Answered
ADSS is a leading award-winning MENA broker that has offices around the world. Founded in 2011, it provides traders with a rewarding trading experience and plenty of investment opportunities. As such, the brokerage firm is continuously recognised by industry peers for its commitment to excellence, exceptional customer service, and its quality trading platform. In this ADSS review, we explain a few common questions regarding ADSSand discuss them in more detail.
Is ADSS licensed?
Aside from being one of the only brokerages headquartered in the Gulf Cooperation Council (GCC) traders will be pleased to know that ADSS is regulated by the Securities and Commodities Authority (SCA) in the UAE and the Financial Conduct Authority (FCA) in the UK. In Hong Kong, it is licensed by the Securities and Futures Commission. As a responsible broker, ADSS is committed to offering traders a competitive, fair, and transparent trading environment. This indicates that ADSS is a secure broker, as they adhere to the strictest of regulations.
What account types does ADSS offer?
ADSS offers a few account types that suit all different kinds of traders – whether they are new to trading or seasoned professional. Below we have listed and explained them in more depth.
Classic
ADSS’ Classic account tier is its standard account type. It has a minimum deposit of $100 and provides traders with competitive market spreads. It also has a maximum leverage of 500:1. Traders with the Classic account can take advantage of ADSS’ 24/5 support, so any issues can be quickly and efficiently resolved. ADSS further provides traders with a variety of training courses, such as webinars, video tutorials, seminars, blog articles, to-do guides, and more.
Elite
ADSS’ Elite account tier is its second account type. It has a minimum deposit of $100,000 and provides traders with 25% lower spreads when compared to the Classic account type. The Elite account offers everything already in the Classic account, with some additional perks. This includes having a dedicated senior account manager, so traders have a second opinion when monitoring the markets and can take a more hands-off approach when executing trades. ADSS further offers +Elite events and multi-base currency, especially for traders looking to trade with more than one currency.
Elite +
The brokerage firm’s Elite + account tier is its highest account type. It has a minimum deposit of $250,000 and provides traders with an ultra-low spread when compared to the Elite account type. Aside from offering everything already in the Elite account, itprovides a sales trader alongside the senior account manager, giving traders a third pair of eyes to look at their trades. This ensures traders are not likely to make mistakes or errors when trading in the financial markets.
Demo account
For those still not sure about committing to ADSS, the brokerage firm provides a demo account for users to test out. In effect, it functions similarly to try before you buy. Unlike their live trading accounts, the demo account only allows for paper trading or virtual trading, as the entire environment is simulated. This means any trades traders make will be completely risk-free, but there are also no monetary rewards either. This makes the demo account a fantastic way to practice an individual’s trading strategies and skills, so they will not be taken off guard when trading for real.
ADSS provides US$50,000 of virtual money to begin simulated trading, and there is no credit card needed to sign up. The demo account still offers a wide range of markets and currency pairs, as well as live spreads and prices. Traders can receive educational content from ADSS, to better hone their trading skills. The demo account is available on mobile, desktop and tablet devices, so traders can practise trading anytime, anywhere.
How to deposit and withdraw funds?
ADSS makes depositing and withdrawing funds easy. Traders can fund their accountsin multiple ways, including bank wire transfer, credit card, online bank transfer, Skrill, Neteller and Cash U. Recently, ADSS has allowed funding through Apple Pay and Samsung Pay.
ADSS is also the only broker in the UAE to offer funding via UAEPGS. This is a wire transfer payment gateway introduced by the Central Bank of the UAE. It facilitates secure and convenient online transactions for businesses operating in the UAE and acts as a bridge between the merchant’s website and the financial institution involved in the transaction. This makes funding an ADSS trading account smooth and efficient. Traders can also request to withdraw funds using the same options.
How to access ADSS abroad?
ADSS does allow traders to access its trading platform abroad. That said, if a client is using ADSS’ iOS iPhone app, the geo-restriction functionality in place means they can only access their trading account if they are physically located in one of the permitted regions. ADSS has a long list of permitted regions, including Brazil, Greenland, Jordan, Thailand, Pakistan, the UK, Saudi Arabia, Switzerland, Mexico, and more. This information is accurate at the time of writing. For the full list of updated countries, please visit the ADSS website.
Bottom line
ADSS is a reputable and trustworthy broker where traders can place their funds. This is because the investment firm complies withsome of the tightest regulations. ADSS offers a variety of different account types to traders that can suit people’s needs, regardless of if they are novices or experienced individuals. The broker also makes it easy for users to deposit and withdraw funds, so they only need to focus on monitoring the markets and making trades. All in all, ADSS is a high-end broker that traders should feel confident working with.
