ADSS Broker Review - Broker with a wide range of assets

adss.com
nika
Written by:
Av
armand
Calendar
Written on:
15 August 2022
Date
Last edit:
25 July 2023
Our rating:
6

6

User rating:
4.86

4.86

ADSS Broker Review - Broker with a wide range of assets

adss.com
nika
Written by:
Calendar
Written on:
15 August 2022
Date
Last edit:
25 July 2023
Our rating
6

6

User rating
4.86

4.86

CFDs & spread bets are complex instruments & come with a high risk of losing money rapidly due to leverage. 73% of Retail investor accounts lose money when trading CFDs & spread bets with this provider. You should consider whether you understand how CFDs work & whether you can afford to take the high risk of losing your money.
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Main summary

ADSS brokerage firm was established in 2011 in Abu Dhabi. Currently, the company operates globally and provides access to trading various asset classes including CFDs on Forex pairs, indices, commodities, stocks, and cryptos. 

The broker is regulated by top-tier financial institutions, namely the Financial Conduct Authority of the UK (FCA) and the Securities and Commodities Authority in Abu Dhabi (SCA). FCA is known to have strict requirements when it comes to licensing brokers and therefore ADSS is considered to be safe. 

The broker has its pros and cons. In today's review, we’ll discuss fees, trading instruments, account types, and all you need to know in detail to aid you in choosing the right Forex broker for you.

Here Are the 8 Pros and Cons:

  • Licensed in two jurisdictions
  • Offers over 2,200+ assets
  • High-quality and extensive research and educational material, including videos, podcasts, detailed guides, and articles
  • Offers MetaTrader 4
  • $100 minimum deposit
  • Charges withdrawal fee
  • Terrible support
  • High spreads

ADSS Fact sheet

Main features
Regulations UAE, UK
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 0 USD
Minimum deposit 100 USD. 100,000 USD for Elite account
Minimum account activation 100 USD
Number of available assets 2200
Leverage up to 1:500
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, Forex, Futures, Indices
Account currencies USD, EUR, GBP AED, USD, EUR, GBP for Clients from UK and Europe and USD, AED for clients from South East Asia
Demo account Yes
Live account types Classic, Elite
Islamic account Yes
Security
Negative balance protection Yes
Part of compensation fund -
Keeps funds on segregated bank account Yes
Assets
Forex 60
Shares 0
Cryptocurrencies 4
Indices 27
Commodities 9
Total 2200
Fees & spread
Forex From 0.7 pips
Shares N/A
Cryptocurrencies From 2.5
Indices From 0.85
Commodities From 0.57
Software
Platforms MetaTrader 4
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, Neteller, Skrill, UAEPGS
Minimum deposit Bank Transfer, Credit/Debit Card, Neteller, Skrill, UAEPGS
Minimum withdrawal Bank Transfer, Credit/Debit Card, Neteller, Skrill, UAEPGS
Withdrawal processing time Up to 30 minutes
Time to open an account -
Show all

The Safety & Security of ADSS

The biggest thing you should look for in a broker, other than fees and available platforms, is safety and security. There are many signs that can tell you whether the broker is safe or not. The first and foremost is the level of regulations. 

ADSS is authorized and regulated by a top-tier regulator - the Financial Conduct Authority of the UK (FCA). In addition, the broker is regulated by the Securities and Commodities Authority in Abu Dhabi (SCA). It’s worth mentioning that the SCA is less strict when it comes to licensing brokers than the FCA.

Policies that ADSS follows

ADSS increases safety by providing Negative Balance Protection. Both account types offer up to 500:1 leverage, which means that traders can get 500 times the buying power when placing orders. These extra funds are called leverage which is borrowed from the broker. Using leverage can be risky as you can incur large losses very easily. To counter this, the broker implements a 50% margin Stop Out level. Which simply means that your position will automatically close once the margin level breaches 50%. 

In addition, ADSS keeps clients’ funds in segregated accounts. Some low-trust brokers mix traders’ funds with their own, which makes the funds easily accessible for themselves, but as a result, the safety level gets damaged. 

Available Assets on ADSS - What Can You Trade?

The huge variety of assets offered by this broker is the biggest reason why traders might be encouraged to open trading accounts with them. The total number of tradable assets is more than 2,200, out of which most are stock CFDs. CFD stands for Contract For Difference and is a preferred asset class for short-term traders. As for long-term investors, real stocks and real assets are more attractive. 

CFDs are perfect for speculating on the markets due to lower short-term trading fees. What’s more, liquidity for CFD assets is much higher, making spreads tighter. Let’s discuss each asset class in more detail. 

Forex

The broker offers 61 available forex pairs to its clients. The pairs are categorized into majors, minors, and exotic pairs. It’s worth mentioning that the major pairs such as EUR/USD, USD/JPY, GBP/USD, etc. are more liquid and offer tight market spreads. It’s recommended for novice traders to trade major and minor currencies and avoid exotics such as USD/TRY, EUR/NOK, and others in order to save on spreads.

The maximum leverage offered to trade Forex pairs is 500:1. Please be aware of the risks associated with leverage. High leverage is one of the top reasons why most traders lose money and blow up their accounts. High leverage can increase your balance dramatically or decrease it really fast. For this very reason, traders call leverage a double-edged sword. The Stop Out level offered by this broker is 50%. 

As for the fees, there is no deposit or inactivity fee. On the other hand, traders are charged a $15 withdrawal fee. In addition, spreads vary across different account types. For trading Forex pairs, Classic account holders pay a 1.6 pip markup per order. The fee is very high compared to the industry average. While it’s true that Elite accounts are offered much tighter spreads starting from 0.3 pips, most people will not be able to open such accounts as the minimum initial deposit required to open an elite account is $100,000.

Shares

ADSS offers a wide range of stock CFDs. Covering Europe, the USA, Asia, and the Middle East. As already mentioned stock CFDs are a more preferred way of speculating on the markets' short-term price changes rather than real stocks due to lower short-term fees. What’s more, usually CFDs can get higher amounts of leverage from brokers. ADSS provides up to 20:1 leverage for stocks on the MetaTrader 4 platform. 

CFDs enable traders to benefit from price changes in both directions by going long or short. Among CFDs offered are famous companies such as Tesla, Google, Amazon, Meta, Microsoft, Boing, and so on. 

Indices

ADSS offers access to 28 indices. Among which are the most popular ones, i.e the S&P 500, DOW 30, FTSE 100, German DAX, and more. Maximum leverage for trading indices is 333:1. Which is pretty high compared to competitors. 

Indices are following the performance of certain publicly traded stocks that represent a sector or whole economy. For instance, the UK 100 or FTSE 100 displays the collective performance of 100 top British individual stocks. Therefore, many traders use indexes as tools to measure the strength of certain economies and sectors. In addition to the vital role of indexes, they can be traded as CFDs. 

Commodities

ADSS offers access to both soft and hard commodity CFDs. Traders have access to trading hard commodities such as gold, silver, copper, natural gas, and crude oil. In addition, traders can buy or sell soft commodity CFDs such as coffee. 

There is no commission charged for trading commodities. What’s more, maximum leverage is different for each asset. For instance, leverage for gold and silver is up to 50:1, while crude oil offers 100:1 leverage. As for coffee, natural gas, and copper, the maximum leverage offered is 20:1. 

Commodity prices tend to be influenced by global demand and supply. For example, if global warming makes farming difficult, soft commodity prices will increase. Wars, natural disasters, pandemics, rise in population, and other aspects can change the prices of certain commodities. 

Cryptocurrencies

ADSS offers the 4 most popular crypto CFDs. These include Bitcoin, Bitcoin cash, Litecoin, and Ethereum. Maximum leverage for each varies. Bitcoin cash, Ethereum, and Litecoin have up to 2:1 leverage. While Bitcoin comes with 4:1 leverage. 

As already mentioned, CFD trading comes with certain short-term benefits such as better liquidity, tighter spreads, higher leverage, and simplicity. In addition to these benefits, traders do not have to worry about crypto wallets and cashing-out issues since they’re not actually owning the assets.

Which Account Types Are Offered by ADSS?

To match the interests of various traders, ADSS offers Classic and Elite account types. In addition, the broker provides a free demo version of each account and a swap-free account type for Muslim traders. 

Let’s discuss each in more detail and see which one can best suit your needs.

Pros & cons of ADSS account types

ProsCons
Numerous account types available for tradersThere’s no spread-free account
Special account type for VIP tradersThere’s no micro account
Islamic account is available to respect the beliefs of clients 

Demo account of ADSS

The vast majority of Forex brokers offer free-of-charge demo accounts to their clients and ADSS is no different in this regard. 

The demo account versions are available for both Classic and Elite account types. Traders can benefit from demo accounts in various ways:

  • Get accustomed to broker policies.
  • Get used to trading software, MetaTrader 4 in this case. 
  • Check assets and fees before opening a live account.
  • Test and develop trading strategies.

Classic account of ADSS

The classic account type is the most accessible for most traders as the minimum initial deposit required is only $100. 

Account currencies for UK and European customers are USD, EUR, and GBP. As for clients from South East Asia, account currencies are USD and AED. By selecting the currency you use the most you can save a lot on conversion fees. 

There’s no commission charged. However, spreads are starting from 1.6 pips, which is very high. Keep in mind that the 1.6 number is just a broker markup and in live trading environments, spreads can get even higher due to a lack of liquidity. 

Elite account of ADSS

As the name suggests, the account type is aimed at VIP clients and offers much better spreads, starting from 0.3 pips. There are many similarities with other account types such as account currencies, 500:1 maximum leverage, 50% Stop Out level, and the number of available assets. The main difference between the Elite and Classic accounts is that the Elite account has lower fees and requires a much higher minimum initial deposit of $100,000.

Islamic account of ADSS

A swap-free or Islamic account is offered by this broker to enable people of the Muslim faith to place orders without going against Sharia law. The brokerage is based in the United Arab Emirates and tries to meet the needs of its Muslim clients. 

The minimum initial deposit required to open this account is $500. Leverage is up to 500:1 and the account shares a lot of similarities with other account types. The difference starts when we’re comparing spreads. Spreads are much higher and start from 2.1 pips as there’s no interest rate charged for keeping an overnight position. 

Getting started on ADSS - Main steps

In case you have already decided to open a trading account with ADSS, we’ll guide you through the entire process in detail. The registration process is fully digitalized and the broker’s web page is user-friendly. 

Step 1: Choose & create your account

First things first, go ahead and open the broker’s home page. You’ll be able to see a Get Starting button in the top right corner. By clicking on the button you’ll be transferred to the sign-up page. By pressing the sign-up button in green, you’ll be able to fill in the application form.

ADSS registration.JPG

Step 2: Verify your account

Verification of your documents is extremely important as the process increases trust between you and your broker and you get access to fully using your client area. 

The broker will ask you to provide proof of ID and proof of residence. Both documents can be scanned or sent as photo versions by taking a picture of said document and then pressing the Browse button in green to navigate to the file. In case you’re sending a photo version, make sure there are no shadows or light reflections on your photos. 

In addition, the broker gives you the option to register, transfer funds, and start trading right away and verify your account later. But it’s highly recommended to pass the verification first.

ADSS verification.JPG

Step 3: Deposit funds

After passing the verification process, you’ll be able to fund your account. Unfortunately, there are limited funding options available. Keep in mind that depositing is free of any charge, however, you’ll be charged a $15 withdrawal fee each time you decide to withdraw money. 

Step 4: Start analysis & trading

As you pass the funding process, you’ll be able to start trading using MetaTrader 4. Keep in mind that trading is risky and that good risk management can increase your chances of success. 

Fees & Commissions

The fees offered by ADSS are high compared to other brokers. It’s worth mentioning that if you are going to deposit $100,000, your fees will start from 0.3 pips on major currencies which is low considering there’s no commission. On the upside, there are no deposit or inactivity fees, however, the broker charged withdrawals with a $15 fee. 

Comparing ADSS fees with other brokers

To avoid confusion and get a clearer view of ADSS's fees, let’s compare the prices with other brokers. For the comparison, we have picked the Classic account fees.

ADSS fees compared to Interactive Brokers fees

Type of FeeADSSInteractive Brokers
EUR/USD SpreadFrom 1.6From 0.6
Fees on DepositsNo1%
Inactivity feeNoNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

ADSS fees compared to eToro fees

Type of FeeADSSeToro
EUR/USD SpreadFrom 1.6From 1
Fees on DepositsNo$5 on withdrawals
Inactivity feeNoYes, $10/m

ADSS fees compared to IG fees

Type of FeeADSSIG
EUR/USD SpreadFrom 1.6From 0.8
Fees on DepositsNoNo
Inactivity feeNoYes, $10/m

Trading Platforms of ADSS Reviewed

The MetaTrader 4 trading software is well-known in the trading world. The software comes with a tablet and mobile version and is user-friendly. MT4 was created in 2005 and is mainly utilized by traders for Forex trading. MetaTrader 4 is the preferred choice by many novice traders as it’s simpler to use than MetaTrader 5, which was developed in 2010. While MT4 is a great platform, most other brokers offer a variety of software to choose from. 

Mobile Experience

ADSS broker offers a mobile version of MT 4 to its traders. The app is available in more than 39 languages. In addition, traders can receive trading signals and news articles via the app. 

Mobile apps can keep you close to the markets to monitor your trades, fund and withdraw money, and place orders. However, it’s recommended to use a computer screen for conducting technical or fundamental analysis. 

Education & Research Tools

The broker provides various educational materials including beginner’s guides, video tutorials, webinars, weekly market updates, an economic calendar, news and analysis, and a trading glossary. However, it’s worth mentioning that industry leaders offer a wider range of resources and more user-friendly websites to their clients.

Customer Support of ADSS

Traders can get in touch with customer support using various methods. You can send them an email, call them, or chat online straight from their main page. 

In terms of quality, ADSS truly fails to deliver. When you press the online chat option, the window informs you that the broker’s usual reply time is under 4 minutes. You start thinking that the 4 minutes is a long time until you actually send them a question and wait for half an hour to get a reply. 

Conclusion

To sum everything up, there’s nothing special about the broker. The only reason why anyone would consider opening an account with ADSS is the huge variety of trading instruments. Trading software is limited to MetaTrader 4 and spreads for the Classic account type are high. The $15 withdrawal fee is also high compared to other brokers and let’s not forget, customer support is not really useful. 

4.86

4.86

Average based on 7 user reviews
Safety 5.14
Assets 4.86
Accounts 5.14
Fees 3.43
Desktop platforms 5.14
Mobile platforms 5.71
Education 4.57
Support 3.14
Have experience with ADSS? Log in to leave a review
aubrey.hart reviewed 393 days ago
Demo Less than a month experience
5.25

5.25

Average: This is a robbery
Pros
Nothing is good about this broker
Cons
Tried demo trading and spreads just ate my profits like crazey.
conrad.cash reviewed 393 days ago
Live 1-3 months experience, under $1,000 account size
5.5

5.5

Average: A painfully average broker
Pros
Desktop app works fine for the most part.
Cons
High spreads and not many features that stand out.
bailey.johnson reviewed 393 days ago
no experience, 1-3 months experience
2

2

Poor: Terrible broker
Pros
I do not find them likeable at all
Cons
I trade forex but not sure how they got my info. I was bothered by emails and offerings.
guinevere.curry reviewed 393 days ago
no experience
5.63

5.63

Average: If the excellent trading platform could enough
Pros
Other than desktop and mobile platforms, there are not many things to like about this broker
Cons
Stay away would be the best approach with this one, fees and spreads suck, support need major improvements
turner.clay reviewed 393 days ago
Live 1-3 months experience, $1,000 - $5,000 account size
5.75

5.75

Average: Just another broker. nothing special.
Pros
Nothing special with them.
Cons
I didn't like customer service and there's not much to learn from them either. Educational material is lacking. I think I will be using new broker soon.
jenson.harris reviewed 393 days ago
Live Less than a month experience, under $1,000 account size
5.13

5.13

Average: Avoid at all cost - Absolutely terrible
Pros
Not much to like here at all. Skip it for your own sake.
Cons
Customer support is actually horrendous. You might as well just write that they have none.
zeph.simon reviewed 393 days ago
Live Less than a month experience, under $1,000 account size
4.75

4.75

Average: The worst exchange out there - No one should use them
Pros
There is nothing to like about this broker
Cons
This is one of the worst brokers I have ever dealt with. Average selection of assets to trade with and a very bad selection of accounts. But the worst part is their fees, especially the spread. I have never seen such high spreads on any other exchange, and If you are not making very and I mean very big profits, the profits you make will be eaten up by these spreads.

FAQs on ADSS

Can ADSS be trusted?

Yes, the broker is regulated by the Financial Conduct Authority of the UK (FCA) and the Securities and Commodities Authority in Abu Dhabi (SCA). Which makes the broker safe.

Does ADSS have low fees?

No, the broker has high fees on Classic accounts. In addition, there’s a $15 withdrawal fee. However, the Elite account type offers lower spreads but the initial deposit required to open this account is $100,000.

Does ADSS have an Islamic account?

Yes. The broker provides a swap-free account. ADSS is located in the United Arab Emirates and a large portion of its traders are of the Muslim faith.