ADSS is a UAE-based broker established in 2010, and they are headquartered in the UAE. Authorized and licensed by the SCA (Securities and Commodities Authority), they are also a partner with the country’s central bank – the Central Bank of the UAE. They offer spot forex trading and CFDs on forex, commodities, cryptocurrencies, indices, and equities, and they are trusted by thousands of clients both local and international.
In this review, we will look at the demo and live trading accounts offered by the broker. This includes examining the features offered and the minimum deposit requirements of each account. We will also discuss the account opening process.
To find a comprehensive review of ADSS’s services, including its product offerings, fees, trading platforms, and more, you can visit https://tradingbrokers.com/reviews/adss-review/. Note that the review’s contents are not endorsed and do not necessarily reflect this account comparison article’s opinions.
Demo trading account at ADSS
The demo account at ADSS is a comprehensive demo that allows traders to access both the proprietary trading platform (ADSS’s own) and MT4. The demo is available for 90 days. After the 90 days elapse, traders can switch to a live trading account seamlessly.
Demo traders can access the full range of ADSS’s offerings, for the most part, and they can participate in trading risk-free with top-tier liquidity and good execution speeds that aim to mirror live trading conditions.
The sign-up process is fast and free, with traders providing their contact details including their first and last names, an email, their phone number, and country of residence in agreement with ADSS’s terms of service.
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Live trading accounts at ADSS
There are three live trading account options at ADSS – the Classic, the Elite, and the Pro. They have different minimum deposit requirements, and they also come with different benefits, designed with different types of traders in mind, from beginner to advanced or institutional levels of experience.
The Classic Account at ADSS
The Classic account is perfect for retail traders who are either looking to dip their toes in the financial markets or are coming from another broker to ADSS. It has a low entry barrier, at only 100 USD minimum deposit. Market spreads are standard, as are other features and capabilities – such as 24/5 customer support, training courses from ADSS, and 500:1 maximum leverage on trading products.
The Classic account also comes with
The Elite Account at ADSS
The Elite account at ADSS is designed for professional and advanced traders. The entry barrier is 100,000 USD as a minimum deposit. This is by no means a high entry barrier – particularly for institutional traders. The Elite account offers 25% lower spreads on trades, with 500:1 maximum leverage on products.
The perk of the Elite account, and what makes it truly stand out, is the personalized support that ADSS provides for their Elite traders. These traders have a dedicated senior manager who can field their queries and provide adequate support on their trading journey. And traders can access +Elite events.
They can also trade from a multi-base currency account, which is useful for those managing multiple accounts and have a diverse portfolio.
The Pro Account at ADSS
The ProAccount at ADSS is also designed for professional and advanced traders. The entry barrier is higher at 100,000 USD as a minimum deposit. Other than the benefits of the Elite account that are included in this tier, the Pro account also comes with features like spreads from 0.0 pips, low commissions, and access to an RM+ sales trader.
The account opening process
Opening an account with ADSS proves to be simple and straightforward. It differs slightly depending on your residency, and UAE traders can access a more convenient account opening process. Generally, traders simply need to register for an account with their full name and other details such as their email address.
Next, traders must verify their identity. UAE residents can do this electronically with UAEPass.
Once a trader has verified their account, they can fund it if it’s a live account. Again, UAE residents have an edge here, and they can use UAEPGS, which is a secure and quick way for locals to transfer payments. Those trading internationally or are not local UAE residents can use several other methods, such as Apple Pay, Samsung Pay, Neteller, and Skrill.
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How to choose a suitable account type for you
Finding a suitable broker and an account type within the broker is a personal experience. Those who wish to hone their trading skills and are not ready to risk real funds may opt for a demo account. Retail traders are suited to the ADSS Classic account, while professional and advanced investors may find more value in working with the Elite and Pro accounts.
To find the most suitable account, you should first understand your needs: consider your risk tolerance, your financial situation, and your trading goals. ADSS has a diverse range of account types that most traders can benefit from using, and traders should take their time to find their best fit.
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