When researching brokers, it is important to look at the types of trading accounts they offer. This is because each broker is different. They will offer different services, benefits, and fees. Additionally, some trading accounts are better suited to those with more experience. In this ADSS review, we look at the trading account the broker offers, what they provide to traders, and what traders can do with them.
ADSS is an award-winning leading MENA broker that aims to provide traders with the highest quality investment opportunities and a rewarding trading experience. This is done through their multi-asset trading technology that allows traders to take a personalised view of the markets. They also offer access to instruments with high liquidity, as well as support and professional customer service from an experienced and highly-qualified team.
As one of the only brokerages headquartered in the Gulf Cooperation Council (GCC), ADSS operates in the Middle East, the UK, and in other regions and financial markets around the world. They are regulated by the Securities and Commodities Authority (SCA) in the UAE and the Financial Conduct Authority (FCA) in the UK. Priding themselves as a responsible broker, they are committed to offering traders a fair, competitive, and transparent trading environment.
ADSS’ trading accounts
Before you dip your toes and start trading, you must first open a trading account with ADSS. The steps to do so are fortunately very simple.
To open a trading account with ADSS, you first must navigate to their official website and click the Open Account button. You will be given a series of prompts you must follow before gaining access to an account. This includes filling out your basic personal information (such as your name, country of residence, email, and phone number), setting a password, and providing your address and residency, financial background, as well as any trading experience. If you are a UAE national, you have the option of registering using your UAE PASS instead of signing up manually.
The Classic account tier is a standard option for all traders. It has a minimum deposit of $100 and offers competitive market spreads to users. It also has a maximum leverage of 500:1 for certain instruments. Additionally, traders can access 24/5 support through ADSS’ customer support team, regardless of any issues that arise. Aside from customer support, ADSS further guides inexperienced traders with its free training courses that take the form of video tutorials, blog articles, seminars, and webinars. This is a fantastic way for traders to boost their trading skills, and even seasoned professionals can take advantage of these.
The Elite account tier is the second of ADSS’ account types. It has aminimum deposit of $100,000 and boasts 25% lower spreads when compared to the Classic trading account. On the whole, the account includes everything that is already in the Classic account tier, with a few additional perks. One of them is a dedicated senior account manager for users. This means traders can get a second opinion when placing their trades, and they can also take a more hands-off approach instead of closely monitoring the markets. The dedicated senior manager is also there to assist if any issues arise. Additionally, the Elite account offers traders with +Elite events.
The Elite+ account tier is ADSS’ third account type. It has a minimum deposit of $250,000 and boasts ultra-low spreads. The Elite+ account includes everything that is already in the Elite tier but with a few additional features. For instance, aside from a dedicated senior manager, traders gain access to a sales trader as well, meaning they have additional eyes helping them trade and make financial decisions.
If you are still on the fence regarding whether to trade with ADSS, do not worry. ADSS offers users a demo trading account for those still unsure. This is ideal if you are a beginner, but it can also be a great tool for experienced traders who want to hone their skills and test out new strategies in live markets. Traders can open a demo account and access demo trading through MT4.
The great thing about a demo account is that everything is done in a virtual and simulated environment. This means when you trade, there is no monetary risk. This makes a good platform to practice your trading strategies or learn how the trading platform works. That said, you cannot make any monetary gains using a demo account as all funds are virtual.
For demo account holders, ADSS offers US$50,000 of virtual money with which to practise trading. There is no credit card needed to sign up, and you can experience live spreads and prices on a wide range of markets and currency pairs. The demo account is available on mobile desktop and tablet devices, so you can practice anytime, anywhere, so long as you have good Internet connection.
Overall, ADSS is a popular broker that provides different trading account types for traders to use. While they are similar, they differ in their minimum deposits and perks. For those who are not ready to begin live trading, ADSS also provides a demo account. This is where clients can paper trade in a completely risk-free environment, making it a great way to boost one’s trading skills and strategies.