Questions often asked about ADSS
Photo by Wance Paleri on Unsplash
Anthonynachor | Questions often asked about ADSS | ADSS is a MENA-based brokerage firm that provides a wide range of instruments for traders to take advantage of. In this ADSS review, we take a look at questions often asked about ADSS and their answers. For those interested in the topic, please keep reading below.
What are ADSS’ licenses and regulations?
Traders will be pleased to know that ADSS is one of the only brokerage firms headquartered in the GCC region. More specifically, the broker is regulated by the Securities and Commodities Authority (SCA) in the UAE and the Financial Conduct Authority (FCA) in the UK. As a responsible broker, they are committed to offering traders a fair, competitive, and transparent trading environment. Traders should be relieved knowing that the broker is reputable and trustworthy and that their funds are in safe hands.
What accounts does ADSS offer?
Traders will also be happy to know that ADSS offers a few different accounts for traders of all stripes to use – regardless of their level and experience in trading. So, whether someone is new at trading or a seasoned professional, ADSS’ accounts are sure to suit all needs and experience levels.
Classic
This is ADSS’ standard account tier. It has a minimum initial deposit of $100, making it very accessible for novice traders. It also provides highly competitive market spreads, alongside a maximum leverage of 500:1. Traders also receive 24/5 customer support, so that any issues that come up can be instantly resolved as soon as possible. The brokerage firm also provides training courses to traders to boost their trading skills. This can take the form of webinars, seminars, video tutorials, and blog posts, to name a few.
Elite
This is ADSS’ second account type tier, and it has a minimum initial deposit of $100,000. It contains everything that the Classic tier already has but with a few additional perks. The Elite account provides 25% lower spreads when compared to the Classic tier. Additionally, it also offers +Elite events, as well as a dedicated senior manager for a trader’s account. This means traders can take a more hands-off approach when trading, since checking on the markets can be a very time-consuming activity. The Elite tier also offers multi-base currency, which is fantastic for traders looking to trade in various currencies.
Elite +
This is ADSS’ financial account tier when it comes to live accounts. The Elite + account has a minimum deposit of $250,000, and it provides ultra-low competitive spreads. In addition to an account manager, users also get a sales trader as well. This can help bolster one’s trading experience and ensure that users are getting the right kind of assistance for their needs. Aside from that, users of the Elite + tier get everything in the Elite tier as well.
Demo account
Aside from the live accounts, ADSS also offers a demo account to traders. This account is entirely free to use, so long as users register with the broker. What makes a demo account different from live accounts is that trades conducted in a demo account are entirely simulated. This means there is no risk or any monetary loss, but no gains either. As such, this makes demo accounts a great way for traders to improve and hone their trading skills and strategies.
How can I withdraw and deposit funds?
Depositing and withdrawing funds in ADSS is incredibly straightforward and simple to do. In fact, there are plenty of ways to do so. For instance, traders can fund their accounts via credit card, bank wire transfer, online bank transfer, as well as through various digital payment platforms such as Neteller, Skrill, and Cash U. Furthermore, ADSS has also let traders deposit funds using Samsung Pay and Apple Pay.
Additionally, another thing that makes ADSS special is that it is the only broker in the UAE to offer funding via UAEPGS. This is a wire transfer payment gateway via the Central Bank of the UAE. This allows transfers to be faster and operate smoothly. Traders can also request to withdraw funds through the same methods listed above, making it very effortless and convenient.
What educational resources does ADSS provide?
When it comes to educational resources, ADSS provides plenty of comprehensive insights on its official website. These take the form of blog articles, platform guides, video libraries, and more. As all of these resources are free, this is a great way for traders to boost and improve their trading skills, which can positively affect their overall trading experience.
Glossary
ADSS provides a financial glossary on its official website, and it can be found under the ‘Learn’ tab. As its name suggests, the glossary lists out common key terms and their definitions such as ‘asset’, ‘at the money’, ‘arbitrage’, and more so that traders can easily get familiarised with them. The terms are listed in alphabetical order so that it makes it easier for traders to trawl through. This is a great resource for novice traders who many are not entirely sure about the terms often used when trading. Seasoned traders can also revisit these terms to help jog their memory. The glossary is available in both English and Arabic.
Platform guide
The brokerage firm provides a platform user guide on its official website as well. This user guide is split into sections, teaching users how to navigate the platform, place a trade, close a position, place or edit a working order, and more. This platform user guide is great for traders who are thinking about using ADSS’ bespoke trading platform but are still not familiar with its interface. Aside from straightforward instructions, ADSS also includes screenshots in the guides to make its explanations clearer to users.
How to trade
For traders who may not be very experienced in trading, ADSS has them covered. In their ‘How to trade’ guide, it covers all the basics from how to trade forex and stocks, to technical analysis and trader checklist. Some topics the guide covers include the difference between technical and fundamental analysis, how CFD trading works, what are indices and how to trade them, the basics of forex, how to start trading stocks, and more. The guides are highly comprehensive and are written in clear and straightforward language. The guides are also available in both English and Arabic.
Video Library
For those who are looking for something more engaging, ADSS has that too. Instead of reading an article, traders have the option of checking out their video library, which is part of a 10-part video course for new investors. Some topics include trading terminology, the foundations of forex, the basic trading chart, an introduction to technical analysis, and more. Seasoned investors can also use these tutorials to refresh their minds on certain trading topics before they enter the live markets.
Bottom line
Overall, ADSS is a highly comprehensive brokerage firm that offers plenty of instruments and accounts for traders to use. It is highly reputable and trustworthy and is licensed in all the regions it is based in. The broker also provides educational resources so that traders can boost their skills and strategies. On the whole, we can say we highly recommend this brokerage firm to traders.
Photo by Wance Paleri on Unsplash
