An updated review of MENA broker ADSS
December 14, 2023 (Investorideas.com Newswire) It can be an overwhelming experience when it comes time to choose a brokerage firm to work with. This is because brokers are not created equal - they will differ in their products and services, commissions and fees, account types, customer support, leverage, and much more. In this review, we aretaking a look at ADSS, a GCC-based brokerage firm that is a leader in the industry. Keep reading below to learn more about what the broker provides.
ADSS' background
ADSS is an award-winning and leading MENA broker that provides traders with the highest quality investment opportunities and the most rewarding trading experience. This includes multi-asset trading technology, a personalised view of the markets, access to instruments and liquidity, and support from their experienced, highly qualified team of financial specialists.
As one of the only brokerages headquartered in the GCC, they operate in the Middle East and the UK. They are regulated by the SCA in the UAE and the FCA in the UK. As a responsible brokerage firm, they are committed to offering traders a competitive, fair and transparent trading environment.
Products on offer
ADSS allows traders to access global markets with their wide range of offerings. Traders have the option of buying and selling spot forex on major, minor and exotic currency pairs. They can also trade CFDs on highly liquid equities, popular indices, and commodities including oil and metals. Traders can monitor price movements with daily market updates direct to their inbox and never miss a trade.
Stocks
Traders can trade some of the largest names in finance, technology, healthcare and communication with equity CFDs. They can go long or short on established businesses such as Amazon, Meta, Nike, Tesla, Boeing and more, as well as major players from the GCC region. Traders can even keep an eye on the news with ADSS' market updates and be amongst the first to spot the next big thing.
Indices
For those who do not want to trade stocks individually, they have the option of trading indices instead. Here, traders can trade FDs on indices from the US to Europe and Asia. ADSS' indices are based on leading global exchanges such as the Dow Jones, NASDAQ, FTSE 100, S&P 500 and more. Take advantage of some of the tightest spreads in the market and leverage of up to 333:1. Traders can also respond to global events, capitalise on volatile markets, or gain exposure to an entire sector or economy - all with an award-winning brokerage firm.
Commodities
Commodities, such as gold, coffee and natural gas, are a popular choice when traders are looking to unlock new opportunities within the commodities market. ADSS offers spot commodities and futures with a leverage of up to 200:1.
Forex
Traders can find opportunities in the world's largest and most liquid financial market. They can trade CFDs across over 6- currency pairs at some of the best prices in the industry. They can take advantage of the leverage of up to 500:1 on the broker's bespoke trading platform, which was voted Best FX Platform 2021 in the Middle East at the Global Forex Awards.
Crypto
For those looking to trade something a little newer, they have the option of trading crypto with ADSS. The volatile crypto market creates plenty of opportunities for traders as prices rise and fall unpredictably. This means they can start trading CFDs on Bitcoin, Bitcoin Cash, Ethereum, and Litecoin to name a few, 24/5 with competitive spreads and potentially take advantage of price differences.
Trading accounts provided
When it comes to accessing the live markets, one needs a live trading account. Fortunately, ADSS provides traders with various choices - the only thing they need to do is register an account to begin. Whether someone is new to trading or a seasoned professional, ADSS' trading accounts are sure to suit all needs and experience levels.
Classic
- $100 minimum initial deposit
- Competitive market spreads
- 500:1 maximum leverage
- 24/5 customer support
- Training course and educational materials
Elite
- $100,000 minimum initial deposit
- 25% lower spreads
- 500:1 maximum leverage
- A dedicated senior account manager
- +Elite events
- Multi-base currency
Elite +
- $250,000 minimum initial deposit
- Ultra-low spreads
- 500:1 maximum leverage
- Account manager and sales trader
- + Elite events
- Multi-base currency
Demo account
ADSS also provides a demo trading account for traders who want to try before putting their funds on the line. The demo trading account is accessed through MetaTrader 4 (MT4), another popular trading platform. It is completely free to use, so long as one registers an account with the broker. As all trades are done through a simulated environment, traders will not incur any losses. On the other hand, this means there are no monetary rewards as well. This makes it a fantastic way for traders to practice their trading techniques and hone their skills without worrying about their funds too much.
Withdrawing and funding options
ADSS allows traders various methods of withdrawing and funding their trading accounts. These include traditional methods such as bank wire transfer, credit card, online bank transfer, and modern digital payment platforms like Skrill, Neteller, and Cash U, along with Samsung Pay and Apple Pay. ADSS is also the only brokerage firm in the UAE to offer funding via UAEPGS, which is the transfer payment gateway from the Central Bank of the UAE, allowing for funds to be processed incredibly quickly. Traders can request to withdraw funds via the same option.
Awards won
Since 2010, ADSS has won many industry awards, such as the Best Forex Broker at the Forex Traders Summit Dubai 2022, and the Most Trusted Forex Broker at the Global Forex Awards 2021. The brokerage firm is regularly recognised by industry peers for its commitment to excellence, quality trading platforms, and exceptional customer service. This makes ADSS a trusted and innovative choice, especially for traders who either need specific features when trading or are just starting out.
Bottom line
Overall, ADSS provides a wide range of markets and instruments for traders to take advantage of. These include stocks, indices, commodities, cryptocurrencies and forex. Traders can easily diversify their portfolios, protecting them from any adverse market movements. There are also plenty of trading accounts for traders to use, such as the Classic, Elite and Elite +, meaning there is something no matter the skill and experience of the trader.
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