Adss.com Review Is ADSS A Legit Broker Or A Scam

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Adss.com Review: Is ADSS A Legit Broker Or A Scam?

ADSS Review: this is the name of a Forex and CFD broker operating online that is based in the UK. Is adss.com a scam or a legit broker?

Like all UK based brokers should be, ADSS Forex broker claims that it is licensed by the Financial Conduct Authority (FCA). It also mentions that its parent company is also licensed in the UAE by the Central Bank of the United Arab Emirates.

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It claims that with it, trading is made easy. A Demo account is offered to traders to test their claims before opening a live trading account. On the page, 3 reasons are given why they consider themselves the best: good trading conditions, large trading portfolio, and a solid reputation.

The address of this broker is only given in the UAE and not in UK, it is at:

8th floor, CI Tower, Corniche Road, PO Box 93894, Abu Dhabi, United Arab Emirates.

Along with the popular trading platform, this broker also introduces one of its own. Analysis from experts are also offered to clients. Educational tools are not left out as well and these includes, videos and webinars.

ADSS Trading Platform

It is mentioned that ADSS trading software is operated on a MetaTrader 4 platform available to all their clients. The broker also offers trading on Orex, a new platform they claim to be user friendly and equally effective.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes: currency pairs, CFDs on cryptocurrencies, Equities (Lyft, Tesla, and Facebook), Commodities (gold and silver), and Indices (DAX, FSTE 100 and Dow Jones). The trading instruments are said to be 1000+ in number.

A maximum leverage of 1:500 is offered, which we find generous and can also be a disadvantage. No commissions are required and the spreads on the EURUSD is 0.8 pips.

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Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on ADSS

Payments can be made and withdrawal requests can be processed via: MasterCard, Visa, Bank Wire Transfer, and Neteller. We do not find the limited e-Wallets options encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $100 is required to start trading with this broker. Withdrawal charges are not stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is ADSS Licensed?

Yes. ADSS is licensed and registered under the FCA like all United Kingdom brokers should be. It holds licenses in a number of other places like we mentioned in the opening.

Support

To reach the customer care agent of the broker, clients are to fill an enquiry form or call: +971 2 652 9777 or email: [email protected]

Conclusion

We have come to know that ADSS is a licensed broker and this is an advantage for it. The trading instruments gives traders lots of room to choose and conditions are good for trading. Lack of a UK address is uncomfortable however and the e-Wallets options should be broader.

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ADS Securities Review

ADS Securities

Leverage: 1:400

Regulation: UAE Central Bank, FCA, SFC

Min. Deposit: 100 US$

HQ: Abu Dhabi

Platforms: OREX, MT4

Found in: 2020

ADS Securities Licenses:

  • ADS Securities L.L.C. – authorized by Central Bank of the United Arab Emirates resolution Numbers 164/8/1994 and Resolution Number 126/5/1995
  • ADS Securities London Limited – authorized by FCA (UK) registration no. 577453
  • ADS Securities Hong Kong Limited – authorized by SFC (Hong Kong) registration no. AXC847

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What is ADS Securities?

ADS Securities or ADSS operates through the chain of affiliate offices located in main financial capitals, London, Hong Kong, Singapore and are owned subsidiary of the ADS Holding LLC based in Abu Dhabi established in 2020. In fact, the Holding is one of a small number of investment firms that received a license from Abu Dhabi Central Bank, while affiliated offices are authorized by the are appropriate jurisdiction alike FCA in UK and SFC in Hong Kong.

Currently, ADS Securities is the biggest foreign-exchange trader in the UAE and serves central banks, asset managers, brokerage firms, and hedge funds. ADSS focus is on building strong, long-term relationships with institutional or corporate clients, to provide a range of high-quality service and solutions

Going closer to the broker’s activities, they split-up into two main streams, private investments and institutional or corporate investments. The ADS Securities offers over 10,000 instruments commodity trading, foreign exchange, and multi-asset investment classes including forex with 60+ currency pairs, over 1000 CFDs, indices, commodities, treasuries and single stocks, in addition ADS MT4 Plus – a unique Spread Betting platform Available to UK clients and residents only.

The ultimate trades may enjoy throughout the combination of award-winning technology, personalized customer service between East and West, as well range of account benefits and constant promotions. Moreover, to stay ahead broker offers a daily market analysis that improves trading decisions with Forex and CFDs which involves daily market briefings, technical analysis reports, sentiment data and trading signals in a variety of trading styles.

Among the company’s wide influence, there are numerous awards from international publications, as well as ADSS is a proud sponsor of many organizations in the UAE and the world.

Yet, for you to get brokers offering more clear, you should check and take into consideration the most important trading information. For that reason in this review we cover:

Is ADS Securities safe or a scam?

Since ADS Securities cover both institutional and private investment activities from the affiliated centers, each of the jurisdictions has authorized the ADSS company regulation accordingly.

ADS Securities L.L.C. is a limited liability company incorporated under U.A.E. law, while the firm is registered with the Department of Economic Development of Abu Dhabi and is licensed by the Central Bank of the United Arab Emirates to act as a financial and monetary intermediary in the conduct of financial and monetary brokerage business.

ADSS entity Regulation and License
ADS Securities L.L.C. Authorized by Central Bank of the United Arab Emirates resolution Numbers 164/8/1994 and Resolution Number 126/5/1995
ADS Securities London Limited Authorized by FCA (UK) registration no. 577453
ADS Securities Hong Kong Limited Authorized by SFC (Hong Kong) registration no. AXC847

Additional licenses from the reputable UK FCA and Hong Kong SFC are respectively adding necessary guidelines on how broker operate, therefore the traders from different regions and jurisdictions may enjoy trading leveraged FX, securities and futures contracts. All in all, sharp regulation means ADSS delivers its trading service transparently according to the international laws and procedures to handle traders funds. These steps performs committed to the compliance processes segregation of the client funds and financial services compensation shames and overall fair conditions.

ADS Securities Trading Platforms

ADS Securities has developed truly multi-asset trading solutions that provide a possibility to trade successfully, with the tools that optimize trading strategies, along with comprehensive support and education. With a sophisticated software solution you may choose between two main trading platforms that best suited to each trading need – OREX, a proprietary multi-asset platform with low latency or MT4 that gives familiarity of the most popular platform.

OREX is a fantastically innovative platform developed by ADS Securities offering exceptionally latency and order processing. Platform available for both desktop or mobile devices, and delivers intuitive navigation, position and risk management. Besides available on OREX market depth feature, the real time volume displayed by five levels of the market makes it an advanced feature for professionals.

Nevertheless, ADSS MT4 has been developed also together with MetaQuotes that enriched trading solution by liquidity, pricing and support from the ADS, as well community-sourced indicators and EAs. Likewise, the MT4 platform can be accessed from iOS or Android devices.

ADS Securities Trading Fees

Overall broker’s proposals leading to various trading need with variety of account tailored types and its own benefits through various account types. Yet, ADSS various entities offer accounts on a slightly different basis, as the regulatory requirement and various jurisdictions demand particular follow of rules.

Therefore, the accounts featuring flexible lot sizes from one micro-lot to standard lots for both MT4 or OREX trading platforms. Generally, there are 3 account typesLite Account (the best choice for new traders with unique incentives, minimum deposit only 100$, fixed spread about 2.4 pips and negative balance protection, but available only at MT4), –Classic Account (easy to trade and manage account, claims minimum deposit of 5,000$ with competitive spreads from 1.6 pips and no fees), and –Elite Account (designed for VIP clients with deposits over 200,000$ or more than $500 million trade a month, range of benefits and bespoke prices).

Along with standard features, ADSS supports a specific account for asset/fund managers to trade and monitor their clients – MAM or PAMM. Yet, again make sure to check which offering is applicable to your jurisdiction and residency.

Since the ADSS is leading MENA broker, sure enough, they have Swap Free Account offering too. The account without swap or rollover interest on overnight positions that offers all benefits of Classic and Elite accounts tailored to traders following Sharia rules.

To get a better understanding of the costs, see below typical spread for popular instruments charged by ADSS, also you can compare fees to another popular broker IG Markets.

Asset/ Pair ADSS Spread – Standard
EUR/USD 1
Crude Oil WTI 4 pips
Gold 5 pips
BTC/USD 78.5

ADS Securities Leverage

ADSS offers leverage of up to 400:1 on many FX pairs and indices that is still possible if you hold an account with Hong Kong or UAE entity. It is a fact, that various jurisdictions and its respected authorities applied various allowed levels of leverage. Therefore, you still may enjoy high leverage level at ADSS, yet in case you are resident of EEA you will be treated according to the FCA regulation, and the maximum allowed leverage is 1:30 for major currency pairs, 1:20 for minor ones and even 1:10 for commodities.

In additions, since ADSS offers flexible leverage the amount of available leverage depends on the type of account you are trading.

ADS Securities Deposits and Withdrawals

There are different ways to fund ADS trading account, the broker accepts credit or debit card payments and bank transfers in 13 different funding currencies available: AED, GBP, EUR, USD, JPY, and more. As well as you may use popular e-wallets, nevertheless check restrictions according to your residence, as some differences may occur.

The minimum deposit amount is set to a 100$, which allows even beginning traders to open an account and engage into the world of trading easily.

As for the deposit and withdrawal fees, according to the company policy the customer is responsible for conversion fees applied by the bank or any other fees charged by the bank, while broker himself does not charge additional fees for transfers.

Conclusion on ADS Securities

Throughout attractive ADS Securities features such as impressive range of investments and trade offers to both individual and institutional clients, their technical solutions and optimization, along with regulations and gained trust, the general impression is very positive. Proposal scope is done in a smart way to satisfy each client’s need, regardless of location or “business mentality”.

However, you have to be aware that the broker operates according to the clients’ resident registration ranging between UK, European, Asian and Middle East clients, hence there are some differences between the applicable regulations and offers which should be checked before opening an account.

ADSS Review

While ADSS markets its proprietary OREX trading platform alongside MetaTrader, we found the broker to be underwhelming. Customer service quality is terrible, and ADSS trails industry leaders in key areas, including trading tools and research.

Top Takeaways for 2020

After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on ADSS:

  • Founded in 2020, ADSS is regulated in two tier-1 jurisdictions and one tier-two jurisdiction, making it a safe broker (low-risk) for forex and CFDs trading.
  • Alongside MetaTrader, ADSS offers its proprietary platform suite, OREX, which we found to be just “ok” when compared to trading platforms from IG, Saxo Bank, and Dukascopy.
  • While ADSS offers social copy trading, we found it doesn’t stack up well against category leaders. Education and research were also a bit underwhelming, which doesn’t make the broker a great fit for beginners.

Overall Summary

Feature ADSS
Overall 3 Stars
Trust Score 89
Offering of Investments 4 Stars
Commissions & Fees 3.5 Stars
Platform & Tools 3 Stars
Research 3.5 Stars
Mobile Trading 3.5 Stars
Customer Service 0.5 Stars
Education 3 Stars

Is ADSS Safe?

ADSS is considered low-risk, with an overall Trust Score of 89 out of 99. ADSS is not publicly traded and does not operate a bank. ADSS is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). ADSS is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

Feature ADSS
Year Founded 2020
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 2
Tier-2 Licenses 1
Tier-3 Licenses 0
Trust Score 89

Offering of Investments

The following table summarizes the different investment products available to ADSS clients.

Feature ADSS
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 56
CFDs – Total Offered 2200
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

ADSS commissions and fees vary depending on the account type established, and the range of available account types differ depending on the ADSS brand that you choose, which is related to your location and the applicable regulatory jurisdiction.

UAE-based accounts: From its UAE-based hub, ADSS offers two accounts: Classic, and Elite. The Classic version had its minimum deposit reduced to $100, making it more affordable for the most conservative traders, yet carries higher spreads than the Elite account type. In the Classic account, target spreads drop to 1.6 pips on the EUR/USD. In contrast, ADSS’s most competitive offering is the Elite account, akin to a VIP-style account, which requires a $200,000 deposit or trading volume of more than $500 million per month and comes with perks beyond discounted spreads.

Hong Kong accounts: At ADSS Hong Kong, the firm lists an average spread of 1 pip for the EUR/USD pair from its OREX platform, and offers a bullion account, in addition to securities and futures trading from its TREX platform which requires a deposit of at least $3000.

ADSS Fees Summary

Feature ADSS
Minimum Initial Deposit £100
Average Spread EUR/USD – Standard 1.00
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts Yes

Platforms & Tools

ADSS goes beyond the normal MetaTrader-only broker to customize its offering by providing add-ons as well as Autochartist and VPS hosting.

OREX web: ADSS’s flagship OREX web platform has a greater product range compared to its MT4 platform offering and is simple, minimalistic, and generally easy to navigate. However, during our testing, we found that the OREX web version still contains unfinished modules, such as the alerts and economic calendar sections labeled “coming soon.”

OREX desktop: While the firm also offers OREX Optim, a desktop version of the platform, it relies on Silverlight, which is an outdated plugin, making it inaccessible to download using mainstream browsers. As a result, I do not recommend the Orex Optim desktop version.

Research

ADSS has just an average selection of research content across its website and trading platform, ranging from sentiment widgets to earnings calendars, in addition to industry-standard news from top-tier providers such as Dow Jones.

Social copy trading: While the broker is not an industry leader for social copy trading, ADSS does offer copy trading through its Prime and Classic accounts.

Mobile Trading

Besides the native MT4 mobile app, ADSS offers its proprietary OREX platform for mobile Android and iOS devices. Our testing focused on the OREX mobile app.

OREX Mobile app good stuff: The OREX mobile app contains general and economic news together with an earnings calendar. Charting also is respectable once launched into full-screen mode and includes 63 indicators and 25 candlestick patterns. Lastly, the Market Insights section contains sentiment analysis, including probabilities weightings (e.g., the confidence level of the signal strength).

OREX Mobile app bad stuff: Beyond research and a basic watchlist, the rest of the OREX mobile app is light on features and has a few minor bugs. For example, sentiment analysis is available under the Market Insights section, although other categories such as Energy and Technology return an error message.

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: >5 minutes
  • Average Net Promoter Score: 1.0 / 10
  • Average Professionalism Score: 0 / 10
  • Overall Score: 0.75 / 10
  • Ranking: 22 nd (22 brokers)

Final Thoughts

With the OREX platform suite serving as a good foundation for the company’s retail trading platform, ADSS goes beyond the typical MetaTrader brokerage by offering extra add-ons for MT4 and provides forex traders over 60 currency pairs and 2200 CFDs.

ADSS can be a great choice for active forex traders and those with large balances, such as professional day traders and high net worth clients due to the VIP-style account offerings and related perks. Just keep in mind that the choice of where you can open an account may be limited by your location.

About ADSS

Founded in 2020 in Abu Dhabi with $400 million in initial capital, ADSS (Formerly ADS Securities) has since developed into a global brand, with regulated entities in Hong Kong, the United Kingdom (UK), and the United Arab Emirates (UAE).

ADSS caters to retail traders through its ADSS brand in the UK for EU Citizens, and ADS Prime in the UAE for clients in the Gulf and other countries, whereas clients in Asia can choose the firm’s Hong Kong entity which also offers exchange-traded securities and futures trading, with support in Singapore giving the firm good regional coverage across EURASIA. Read more on Wikipedia about ADSS.

ADSS Trading Features

Feature ADSS
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

ADSS Research Features

Feature ADSS
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist Yes
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

ADSS Mobile App Features

Feature ADSS
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable Yes
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar Yes

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

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