Forex trading, also known as FX trading, is the conversion of one currency into another. This is where buyers and sellers transfer currencies between each other at an agreed-upon price. Reasons to do so include commerce, trading, or tourism. As the amount of currency converted can make the price movements extremely volatile, it makes forex trading extremely attractive to traders, but also increases their risk when trading. In this ADSS forex review, we take a look at what ADSS provides in terms of forex trading.
ADSS’ background
ADSS is a leading MENA broker that provides multi-asset derivatives trading via Contracts for Differences (CFDs) in addition to delivering market-leading solutions to corporate, retail, and institutional clients. Some of the financial instruments that the broker offers include forex, commodities, equities, indices and more.
On the whole, the company aims to focus on providing educational tools, online trading, and market analysis that are suitable for both experienced traders and new clients entering the financial markets for the first time.
With ADSS’ award-winning proprietary technology, experienced brokerage experts at your beck and call, as well as first-class customer support, this means traders will also receive quality customer service when working with ADSS. As the company has an in-depth understanding of the competitive landscape, its trading platform focuses on offering a simplified user experience that allows direct and easy access to the global financial markets. Traders can simply access the trading platform through their desktop, browser, and mobile devices, meaning they can trade and keep up with the markets anytime, anywhere, so long as traders have a good internet connection.
Licensed and regulations
You will be pleased to know that ADSS is regulated and licensed in all the regions that it is based in, meaning forex trading with the investment company is incredibly safe. Aside from being one of the only brokerages headquartered in the Gulf Cooperating Council (GCC), they also operate in the Middle East, the UK, and in other regions and financial markets around the world.
In the UAE, ADSS is regulated by the Securities and Commodities Authority (SCA), while in the UK the brokerage firm is instead regulated and licensed by the Financial Conduct Authority (FCA). In Hong Kong, the company Is licensed by the Hong Kong Securities and Futures Commission, meaning it can act as an intermediary when conducting brokerage business for buying and selling securities, futures contracts, and other instruments.
Trading forex with ADSS
Forex traders will be pleased to know that it is simple and direct to trade forex pairs with ADSS’ easy-to-use trading platform. When you trade forex online with the brokerage firm, there are no hidden fees, so you will always understand exactly what you are getting into. ADSS allows traders access toCFD forex pairs on the largest and most liquid market in the world with its intuitive and next-generation trading platform. Because the learning curve is not steep at all, traders can spend most of their time focusing on placing their trades and optimising their trading strategies.
Traders can explore major pairs such as EUR/USD, minor pairs including NZD/CHF, and even exotic pairs such as EUR/TRY. On the whole, there are over 60 forex pairs that traders can get their hands on. Aside from the variety of instruments available, ADSS further offers maximum leverage ranging from 50:1 to 500:1. With forex trading, Elite+ spreads range from 0.7 to 5.9. ADSS was even voted the Best FX Platform 2021 in the Middle East at the Global Forex Awards, which is a great win for forex traders everywhere.
ADSS account types
You will be pleased to know that ADSS offers different types of accounts when you register with their platform. The account type you choose will depend on whether you are new to trading or a seasoned professional, with ADSS providing account types that suit all types of needs and experience levels.
The lowest tier, the Classic account type, has a minimum deposit of $100. It provides market spreads, a 500:1 maximum leverage, 24/5 customer support, as well as training courses that traders can take advantage of and boost their trading skills. ADSS’ second tier, the Elite account type, requires a minimum deposit of $100,000 and has 25% lower spreads, and multi-base currency, in addition to a dedicated senior account manager in charge of your trading account. The highest tier is the Elite + account type, which has a $250,000 minimum deposit, and ultra-low spreads. It also includes a manager and sales trader as part of your dedicated account team.
Withdrawing and depositing funds
When it comes to withdrawing or depositing funds for forex trading, traders fortunately have plenty of options to choose from. ADSS offers multiple ways to do so either through bank wire transfer, credit card, online bank transfer, Skrill, Neteller, and Cash U.
Moreover, ADSS is also the only broker in the UAE to offer funding via UAEPGS. This is the transfer payment gateway introduced by the Central Bank of the UAE. UAEPGS is a national e-commerce platform that facilitates payment collection from the payer’s current or savings accounts. This is a result of a single integration, allowing merchants to accept payments from multiple banks. This means traders can easily fund their accounts within 30 minutes, meaning they no longer need to wait for a long time before depositing or withdrawing funds. Additionally, UAEPGS provides a safer and more secure way of funding a trading account. That said, this option is only available for UAE customers.