Are you wondering what the best CFD brokers in the industry are, and how you can find the most suitable one for you? This article contains information on an award-winning broker we will review today – ADS Securities (ADSS). Established in the UAE in 2011, the broker has grown to become a global firm today with a large portfolio of clients. If you are considering working with this broker, read on for more information to help you make an informed decision.
How to evaluate a CFD broker accurately
If this is the first time evaluating a broker, you may find it helpful to consider the following factors to get a comprehensive overview of the firm. You should ensure you find up to date and relevant information for maximum accuracy.
- Check out their regulations and operating regions
The most important thing to do is to make sure your funds and personal information will be safe with a broker. This means choosing a broker that is regulated in the region you are trading, and making sure they adhere to local laws. If a broker has multiple offices in different locations, you should check their licensing that is appropriate for you.
- Review their product offerings
You should always review a broker’s product offerings before signing up for a live account. This means looking at what services they are licensed to offer, and the range of asset classes you will have access to. When considering their assets, think ahead. Just because you are not planning to trade FX CFDs right now does not mean you will not ever. What about equity CFDs, or commodity CFDs? Consider that you will need to build a well-rounded portfolio if you want to lower the risk of your overall investment journey, and never settle for a broker that does not quite offer what you are looking for.
- Evaluate the trading platforms available
Next, consider what trading platforms you can use. This is a good time to set up a demo account and try out a broker’s bespoke platform if you have never used it before. If a broker allows you to use popular trading software such as MT4 and MT5, you may check out the additional plugins the broker offers.
- Ensure there are no hidden fees or charges
Many brokers are transparent in their fee structures and do not charge their clients hidden fees or charges that comes with trade execution or account management. However, it does not hurt to check.
- See how good their customer support is
Customer support is usually rated by how responsive a team is and how quickly they can solve your problem or answer your enquiry. Another good benchmark to evaluate is their professionalism. Are they rude or polite, are they patient or can they not wait to close your case? When you work with a broker, ensure that their customer support team is reachable and responsive, and helpful.
- Read other reviews
Cross-checking multiple reviews is always a good idea when you are evaluating a broker. They can fill in gaps of knowledge for you, or they can help you confirm the qualities and features of a broker. In this case, if you want more information, be sure to check out this other ADSS review on the broker’s product offerings, available account types, platforms, and fee structure. You can access the review here: https://tradingbrokers.com/reviews/adss-review/.
CFD broker – ADSS review
Now, moving onto the main part of the article – the review of CFD broker ADSS. The first thing to note is that ADSS is a regulated broker in the UAE, by the SCA. It is licensed to operate in the UAE, as well as in London and Hong Kong, where their other offices are located. In the United Kingdom, they are regulated by the FCA, and in Hong Kong, they are regulated by the SFC. Knowing this will give you peace of mind regarding your funds and personal information when you are trading.
Products available at ADSS
There are over a thousand products available for those who want to trade with ADSS. These include forex (traded on the spot), and CFDs on currency pairs, equities, commodities, indices, and cryptocurrencies.
FX pairs exceed 60, comprised of major, minor, and exotic pairs. Indices include major ones such as the DAX, the FTSE, and the DIJA. Commodity traders will find plenty of opportunities in the precious and industrial metals markets, and they can invest in energy resources such as crude oil and natural gas, as well as agricultural products like coffee. Cryptocurrency CFD traders can trade CFDs on Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Finally, there is a wide range of equities available to be used in speculation and hedging strategies, including shares of major GCC companies.
ADSS traders can trade on the CFD broker’s proprietary platform or on MT4 with their live accounts. Demo account traders will trade on MT4.
The ADSS bespoke trading platform is made with robust technology, and there is intuitive charting and a user-friendly interface for those who wish to trade efficiently and smoothly. There is also the option of receiving market news and alerts that can aid in traders making more informed trading decisions.
For those interested in trading on MT4, they can access multiple charting styles and timeframes, with a handful of free indicators and drawing tools preloaded with the platform. There is also the option of trade automation with Expert Advisors (EAs) that can be developed from the MQL editor.
Both trading platforms support real-time market prices, and traders will find that ADSS partners with London and New York data centres and multiple bank and non-bank entities to facilitate smooth trade execution with minimal slippage.
Fees and charges
ADSS does not charge a commission on their trades. There is a minimum deposit requirement for each of their account tiers, with their Classic live account beginning at $100, their Elite live account beginning at $100,000, and their Elite+ live account beginning at $250,000. There are no hidden fees or charges. When transferring funds, however, ADSS clients should understand that they may be charged fund transfer fees by their online bank and wallets – the CFD broker is not responsible for these fees.
ADSS is a worthy broker that can be considered if you are interested in working with a global CFD firm that has competitive spreads and no hidden fees. They are regulated in the UAE and in other regions around the world, and they offer their proprietary platform as well as MT4. The lowest account tier starts at $100 in minimum deposit requirement, which makes it easy for traders of all levels to get started trading the financial markets.