Before starting on a trading journey, traders must pick the correct brokerage firm that suits their trading preferences and needs. This is because brokerage firms tend to vary in their products and services offered, fees, account types, charges and more. As such, with so many brokerage firms available online, traders must do thorough research before picking one that is right for them. In this forex academy adss review, we will take an in-depth look into the brokerage firm, ADSS, and what it offers to traders.

Account types on offer

Currently, ADSS offers three types of live accounts (plus a demo account) for traders to use. The live accounts that are available for traders to use are the Classic, the Elite and the Elite+ tiers. Keep reading below to see the breakdown we provide.

Classic

The Classic account is the lowest and is considered ADSS’ standard account tier. This should be suitable for most novice and beginner retail investors and traders, though it is also suitable for more experienced traders. Below are some key features that make up the Classic account tier.

• Competitive market spreads
• 500:1 maximum leverage
• 24/5 customer support from ADSS specialists
• Free access to a wide range of educational materials and insights
• $100 minimum initial deposit

Elite

For traders who have more experience or are looking for more advanced features and trade more often, they may consider picking ADSS’ second account tier – the Elite account tier. Aside from offering everything already in the Classic account tier, there are also a few more additional perks. Below we have listed down a few key features.

• $100,000 minimum initial deposit
• Multi-base currency
• 25% lower spreads
• Access to +Elite events
• Dedicated senior account manager
• 500:1 maximum leverage

Elite+

Finally, the Elite+ account tier is the highest account tier that ADSS offers. It covers everything that is already present in both Classic and Elite account tiers, alongside a few additional features. Here are a few things it offers to traders below:

• Ultra-low spreads
• 500:1 maximum leverage
• $250,000 minimum initial deposit
• Dedicated senior account manager and sales trader
• Multi-base currency
• Access to +Elite events

Demo account

Much like other brokerage firms, ADSS also offers a demo account for traders to practice their trading skills before committing themselves to trading live. This account is through MT4, and it lets traders practice trading CFDs on a range of financial instruments.

Traders can participate in simulated trading with US$50,000 of virtual money, as well as experience live spreads and prices on a wide range of instruments, currency pairs, and markets. The award-winning demo account is available on both desktop and mobile devices, and the account is completely free for traders to register, so long as they have already registered an account with the brokerage firm. Because everything takes place in a simulated environment, traders do not have to worry about losing monetary funds, which makes it great for beginner traders and others looking to improve their trading skills.

Educational resources

Traders will be happy to know that ADSS provides them with a wide variety of educational materials and insights. Some of these resources include a video library teaching them how to trade using ADSS’ platform, to in-depth blog articles that teach people certain trading strategies or how to interpret certain indicators and charts. ADSS also provides a detailed section guide on how to use their bespoke trading platform, so traders know exactly how to navigate the platform’s interface. Moreover, ADSS provides traders with a bilingual glossary page in both Arabic and English, which can help traders who may be less familiar with trading and financial terminology.

There is also a market analysis section that features research that is published by ADSS’ own team of specialists. So, traders wishing to learn more about how daily news and market movements impact their positions in the market can do so by simply heading to ADSS’ official website. The section is updated frequently, with insights in both English and Arabic.

Products on offer

ADSS is proud to offer thousands of assets for traders to take advantage of, which is great for people looking to work with a brokerage firm. These include CFDs on currency pairs, indices, stocks, commodities, and cryptocurrencies, to name a few.

More specifically, for currencies, there are over 60 currency pairs traders can take advantage of. These are made up of major, minor and exotic pairs. Indices that ADSS offers include many popular ones, such as the NASDAQ, the DAZ, the FTSE, and the DIJA, to name a few. Commodity traders will also be pleased to know they can find plenty of opportunities trading via energy resources, metals, and agricultural products – more specifically, these include natural gas, gold, coffee, and crude oil, to name a few. Cryptocurrency CFDs are also on offer, with popular ones such as Bitcoin, Ethereum, Litecoin and more available. Of course, there are also plenty of individual stocks available for traders for both speculating and hedging purposes, including those from GCC companies.

Fees and charges

Traders will be pleased to know that ADSS does not charge a commission for any trade. However, there is still an initial minimum deposit requirement for traders who are looking to open a live trading account with the broker. The amount they will need to deposit will depend on the type of account they are opening. The Classic account tier starts at $100, with the Elite starting at $100,000 and the Elite + starting at $250,000. That said, there are no hidden fees or charges.

One thing that traders do need to remember though, is when transferring funds, traders must understand that they may be charged fund transfer fees depending on the online wallet or bank that they use, However, this has nothing to do with ADSS itself.

Bottom line

Overall, ADSS aims to offer investors and traders an in-depth and comprehensive trading environment. This means that the brokerage firm includes tools and features such as reliable customer support, educational resources, competitive pricing, and more. By making use of all these features, traders are likely to enhance their trading experience, makebetter-informed financial decisions, and pursue their trading goals more effectively.