The GCC countries consist of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman, and the region has been flourishing in recent years. The countries have strengthened their financial infrastructure and pushed policies to support the growing number of local traders and investors, as well as the increasing financial literacy in the population.
This is a review of UAE-based broker ADSS, which has been a heavyweight and a leading broker in the region since its conception. Headquartered in Abu Dhabi, ADSS is authorised and regulated by the Securities and Commodities Authority (SCA) in the UAE. It is also authorised and regulated by the FCA in the United Kingdom, where it operates, and it takes on global clients with a focus on promoting investment in GCC companies.
In this article, we will discuss ADSS’ product offering to GCC traders, as well as its account tiers, trading platform, and options for partnerships. If you would like to learn more about the broker, you can visit this ADSS Revieweek article for an overview of its services and offerings as well.
ADSS in the GCC region
ADSS is one of the only brokerages headquartered in the GCC, which makes it stand out from the sea of brokerages out there who serve GCC clients but are not necessarily located on the ground in the region. This gives local traders several advantages.
Firstly, the language barrier is non-existent when working with ADSS, because its website itself is bilingual in English and Arabic, and it has a team of multilingual customer support specialists. Secondly, this means the broker is extremely familiar with local regulations and laws surrounding financial operations, as a registered company in Abu Dhabi. Finally, ADSS’ headquarters in the GCC and its roots in the UAE offers traders the opportunity to invest in some of the biggest companies locally, which we believe is an advantage for those who are invested in the region’s growth and development.
ADSS is licensed to execute trades on the forex spot market as well as trades in the form of CFDs. No trade execution commissions are charged. They offer a wide variety of instruments as underlying assets, including commodities, forex, stocks, indices, and cryptocurrencies. We will examine these in detail.
ADSS offers a range of commodities available for CFD trading, which includes metals, energy products, and agricultural products. Traders can use leverage of up to 200:1 when trading Commodity CFDs, and they can trade commodities per whole tick.
There are over 60 currency pairs available at ADSS, including majors, minors, and exotics. Forex traders can trade forex on the spot, or they can trade Forex CFDs by speculating on price movements in the market. Leverage of up to 500:1 is available.
ADSS offers a wide variety of Stock CFDs on global financial markets. Traders can speculate on the share prices of popular international stocks such as Netflix, Alphabet, Meta, Microsoft, and Tesla, and they can speculate on the share prices of popular GCC stocks such as Gulf Insurance, Riyad Bank, and Al-Rajhi Bank, the last of which is the world’s largest Islamic bank by market capitalisation. Leverage of up to 20:1 is available for Stock CFDs.
Traders can also participate in Index CFD trading by speculating on the indices of some of the largest financial markets in the world, including the FTSE, the NYSE, and the NASDAQ. Some of the indices they offer include the FTSE 100, the DAX, the US 30, US Tech 100, the Nikkei 225, and the Hang Seng Index. Leverage of up to 333:1 is available for Index CFDs.
ADSS offers four major cryptocurrencies available for speculation, including Bitcoin and Ethereum, and traders can participate in Crypto CFD trading with leverage of up to 4:1.
Account tiers available
ADSS offers both demo and live accounts. Let us look at the offerings in detail.
- Virtual funds of 50,000 USD are in the demo account and can be reset upon request
- MT4 paper trading is available
- No credit card is required in registration and demo account sign-up
- Access to ADSS’ product range with live quotes and competitive spreads
- Access to ADSS’ educational resources
- Transition to live account is possible and simple
- Three account tiers: Classic, Elite, and Elite+
- Classic: 100 USD minimum deposit requirement, access to educational resources, competitive spreads, access to leverage of up to 500:1, no commissions on trades executed
- Elite: 100,000 USD minimum deposit requirement, access to educational resources, 25% lower spreads, access to leverage of up to 500:1, no commissions on trades executed, multi-currency, access to Elite events, dedicated account manager
- Elite+: 250,000 USD minimum deposit requirement, access to educational resources, even lower spreads, access to leverage of up to 500:1, no commissions on trades executed, multi-currency, access to Elite events, dedicated account manager and sales trader
- Access to ADSS’ product range with live quotes and competitive spreads
- Access to the ADSS platform or MT4
- UAE citizens can go through the verification process with UAEPass
- Funding can be made through wire transfer or through Apple Pay and Samsung Pay
ADSS offers the MT4 trading platform for demo account traders. Live traders can choose between using MT4 and the broker’s bespoke platform, the ADSS trading platform. Access to live quotes is a given, and traders on either platform can access the full range of ADSS’ instrument offering.
Partnerships with ADSS
For those eager to do more than trade, they can become a partner of ADSS through any of these four ways. To become a partner, it is essential that applicants hold a live ADSS trading account.
ADSS offers a referral programmethat allows their traders to earn rebates of up to 5,000 USD when they recommend their friends and family, who sign up for a live account and begin trading. Conditions apply, and more information is available on the ADSS website.
Introducing Brokers (IB) programme
Individual traders who are looking to do more than refer a friend and want to amass their own clients can become an IB with ADSS. Corporations are also welcome to expand their client portfolio through this programme. IBs can earn rebates and receive fast payouts in real-time, and they can set up their own profile with a flexible rebate structure.
Fund manager programme
For those looking to manage funds on behalf of their clients and do not have the proper technology and financial infrastructure to do so, ADSS offers a fund manager programme that provides the appropriate solutions. This includes a Multi Account Manager (MAM) software available on MT4, with a system that can help fund managers review client performance, generate reports, and receive trade fees.
Finally, ADSS offers an affiliate programme for traders who have an active financial or trading-related website or community. Traders can get in touch with the broker to learn more.
As one of the only brokers in the world headquartered in the GCC, ADSS is a pioneer in its field and region. It has a full set of trading instruments, an intuitive proprietary platform, and a low barrier to entry with only a 100 USD minimum deposit requirement in its Classic live account. ADSS also offers plenty of ways for traders to expand their businesses or take on new challenges in the form of partnership programmes, which is a huge benefit for those looking to do more than trade. In general, if you are in the GCC region and you would like to work with a broker, we would highly recommend ADSS.