In this article we will review ADSS securities and answer the question, “Is it a legit broker?”.
ADSS is an online brokerage that provides online trading solutions, wealth & asset management, and investment advice/analysis. ADSS securities were founded in 2011 and it is headquartered in Abu Dabi. This company is registered with the Department of Economic Development in Abu Dabi.
They also have 2 regional offices. One is in London (ADS Securities London Limited) which is regulated by the Financial Conduct Authority. The other is in Hong Kong (ADS Securities Hong Kong Limited) and it is licensed by the Hong Kong Securities and Futures commission.
Below is a summary of this broker.
Summary of ADSS Securities
| Assets Available | 5 Asset Classes Available – Forex, Indices, Energies, Cryptos, and Commodities |
| Regulated By | Securities and Commodities Authority (“SCA”), Financial Conduct Authority (FCA) |
| No. of Trading Platforms | Metatrader 4 |
| Leverage | Up to 1:500 |
| Minimum Deposit | $100 (USD) |
| Spreads | Spreads start at 0.8 |
| Awards | 5 awards |
| Education Provided | Foundational and basic trading education |
| Methods of Payment | Bank wire transfer, Credit card (Visa or Mastercard), Skrill, Neteller, and Cash U |
Trading Platforms
The only trading platform ADSS Securities provide is the MetaTrader 4 trading platform. With the MetaTrader 4 platform, you can trade on desktop and mobile (only android). You also do have the ability to trade on the web as well. This trading platform does support expert advisors as well. ADSS doesn’t support the MetaTrader 5 platform. If you prefer to trade using the MetaTrader 5 platform ADSS Securities will not be a good option for you.
Account Types
This broker provides you with 2 types of accounts. These are classic accounts and elite accounts.
Classic Account
A classic account will be suitable for most traders. You can start a classic account with a minimum deposit of $100. With this account, you get all the tools necessary to start trading, and also you get access to proprietary market sentiment analysis. But the spreads with this type of account are quite high which might not be a good option for any trader.
Elite Account
An elite account requires a deposit of at least $100,000 (USD). This is a very premium account. There are a lot of benefits to opening an elite account. For this type of account, you get very tight spreads, one on one access to a senior trader, a dedicated relationship manager, and also get access to expert support 24/5. Even though there are so many features provided with this account, this account type will not be suitable for most traders due to the large minimum deposit required.
Financial Assets Available For Trading
There are 5 assets you can trade with this broker. These are forex, indices, equities, cryptos, and commodities.
Forex
With ADSS securities you get access to over 60 currency pairs you can trade. These include all the major currency pairs, some cross-currency pairs, and exotic currency pairs.
Indices
This broker provides you with major indices which include Australia 200, FTSE, Nasdaq, and Nikkei 225.
Equities
With ADSS securities you can trade a range of equities such as Tesla, Apple, and Netflix equities.
Cryptos
There are 4 cryptocurrencies that you can trade with this broker. These are Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Commodities
There are six different commodities that you can trade with this broker. These are US Crude, Gold, Silver, Coffee, Natural Gas, and Copper.
Commissions and Spreads
The spread for classic accounts starts from 1.6 pips which is quite high compared to other brokers. You do get tight pips on an elite account but you have to deposit US$100,000. There are zero commissions but the spreads are too high for classic accounts which is the account that is suitable for most traders.
Demo Accounts
This broker offers demo accounts with up to US$50,000 of virtual money. Most brokers offer demo accounts of up to $100,000 in virtual currency. But it is always wise when opening a demo account to open it with the same amount of money you have to trade in the live account. So if you have $1000 to trade with the live account, open the demo account with $1000 virtual currency.
Awards
This broker has won several awards. These are Global Forex Awards 2021 best forex trading platform, Forex Expo’s most trusted forex broker, Global Forex Awards 2021 most trusted forex broker, Global Forex Awards 2021 best forex trading innovation, Forex Traders Summit Dubai 2022, best forex broker.
Customer Support
You can contact customer support through their contact form. You can also contact them through their email or call their phone number.
Education Provided
This broker does provide you with basic trading education mostly suitable for beginner traders. You also get access to weekly market webinars. To access all their education you need to open an elite account by depositing at least $US 100,000. If you are interested in learning how to trade forex for completely free step by step from beginner to advanced make sure to check out our free guide here.
Leverage Provided
Provides a leverage of up to 1:500 which is similar to the leverage offered by most brokers. It is not recommended that you trade with this much high leverage.
Regulations
This broker is regulated by two regulators. These are the securities and Commodities Authority (“SCA”) and Financial Conduct Authority (FCA). The FCA is one of the top regulators in the industry.
Methods of Payments
This broker provides a range of payment options for both deposits and withdrawals which is good. These are Bank wire transfer, Credit card (Visa or Mastercard), Skrill, Neteller, and Cash U.
Is ADSS Securities a legit broker?
ADSS Securities is a legit broker that is regulated. ADSS does not really offer competitive spreads compared to other brokers in their classic accounts. If you want tight spreads with this broker you have to deposit at least $100,000 US dollars. There are other brokers that provide you with tighter spreads even with a small minimum deposit. We personally do not recommend ADSS Securities. Check below for our recommended brokers below.
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