Forex trading has always been one of the most popular forms of activity in the financial markets. As the largest and most liquid market in the world, over five trillion dollars’ worth of currencies are traded each day, with a large part of the turnover specifically done with the aim of making a profit.
Of course, trading forex requires a strong understanding of the financial markets and a knowledge of how to execute trading strategies. However, the importance of selecting the right forex broker cannot be overlooked. Not only does your chosen broker affect the currency pairs available to you, but it can also determine how much profit you can potentially rake in due to the availability of leverage, risk management tools, and fee structures.
In this ADSS forex review, we want to focus on examining the broker through the lens of forex trading. We will look at the products on offer, including the currency pairs available. We will also examine the account types available as well as the fee structures in trade execution. If you are a forex trading looking to trade currency pairs on the spot or with the use of CFDs, this broker may be suitable for you.
What is ADSS?
ADSS (ADS Securities) is a leading investment company and financial services provider based in the UAE with a global clientele. It offers a wide range of investment and trading solutions to individual retail and institutional clients, including direct access to global markets, trading derivatives, foreign exchange spot trading, and affiliate programmes and partnerships for Money Managers and Introducing Brokers.
Headquartered in the UAE, ADSS is authorised and regulated by the Securities and Commodities Authority (SCA) locally and the Financial Conduct Authority (FCA) in the UK. It is compliant with local laws and operatesin accordance with the highest industry standards. The broker offers a range of account types to cater to their diverse client demographic, including individual live accounts and a demo account for those who want to gain experience and trade in a risk-free environment.
Trading forex with ADSS – product offering
When it comes to forex trading, ADSS provides a comprehensive product range, including over 60 currency pairs. These consist of major pairs such as EURUSD, minor pairs such as NZDJPY, and exotic pairs are available upon request. Traders can trade forex on the spot OTC, or they can trade forex CFDs.
ADSS offers traders access to the forex market round the clock, and traders can use leverage of up to 500:1 alongside some of the most competitive spreads in the industry.
ADSS’ account types
For those interested in trading with ADSS, the broker offers three types of live trading accounts, all with access to the forex market and global currency pairs: the Classic, Elite, and Elite+ accounts. The registration process is relatively straightforward, with users being able to fill out a form manually online or register via UAE Pass (UAE residents only).
Classic account holders have a minimum deposit of $100, which is great for beginners. They can then access educational resources and 24/5 customer support from an expert team at ADSS. With a Classic account, traders can access leveraged trading of up to 500:1 and competitive spreads.
For those who are looking for a more sophisticated trading experience, Elite and Elite+ live accounts have minimum deposits of $100,000 and $250,000 respectively, and they offer even lower spreads (25% lower for Elite and even lower for Elite+). Elite and Elite+ account holders are also assigned a dedicated senior manager, and they can receive Elite event invitations.
Demo accounts are available and virtual funds of $50,000 are available with each one. Traders can utilise this demo account on MT4 and experience live spreads and prices on a wide range of markets and currency pairs. It is also available on mobile, desktop, and tablet, and traders do not need to sign up with a credit card on file. This is a convenient way for those with little experience to test out forex trading strategies.
ADSS does not charge commissions for all traders, regardless of instrument. When it comes to MT4 swap points, the broker updates their swap rate information sheet frequently to show long and short position rates for all currency pairs on offer. This allows traders to gather and find all updated information in one spot.
ADSS does charge overnight financing rates for certain currency pairs, and they vary depending on the currency pair itself and the size of the trade. They also offer weekly updated lists of financing rates on their website, which is updated every Monday.
Finally, ADSS provides an information sheet on MT4 tiered margins on all currency pairs, including major and minor ones, as well as exotic pairs that can be traded upon request. Traders can access leverage of up 500:1 for major pairs, up to 200:1 for minor pairs, and up to 50:1 for exotic pairs.
In summation, ADSS is a strong forex broker for those who are interested in trading currency pairs. They have a good range of currency pairs available for trading, including major, minor, and exotic pairs (upon request). Fees vary depending on the trader’s account tier and the size and volume of the trade. However, all traders can enjoy trading forex commission-free with ADSS. The three tiers of live accounts available for ADSS traders is also a good way for traders to gradually ramp up their trading efforts over time, making the broker accessible for traders of all skill levels.