By James Davis
ADSS Rating
-
Platform Rating
Summary
ADSS is an online trading platform that we are reviewing for you today, our expert writers have gone over each and every aspect of the trading platform in this ADSS review for you now in order to help you decide if you want to sign up with them or not. Is ADSS a scam or is it legit? Find out in the full review below or go to the ADSS website in the following link.
ADSS Review
ADSS was founded in Abu Dhabi in 2011 and has grown to become a global brand. The broker provides crypto, indices, stocks, commodities, and forex trading. However, ADSS is behind industry leaders regarding customer support.
Is ADSS Safe?
ADSS has a trust score of 91 out of 99; therefore, the broker is considered low-risk. In addition, the broker is not publicly traded and does not operate a bank. Two tier-1 regulators license ADSS. They include Financial Conduct Authority and Securities Future Commission.
Account Opening
Like many other brokers, getting started with ADSS is also fast. Apart from United States residents, any other person can open an ADSS account. For a Classic account, a minimum deposit of $100 is required, while for an Elite account; traders must deposit any amount above $100,000.
Investment Offerings
ADSS offers crypto trading through CFDs. But traders cannot trade the underlying asset, for example, buying Bitcoin. Also, UK residents are exempted from trading crypto CFDs. Moreover, the broker provides several forex pairs for trading, although it does not offer US stocks.
Fees
ADSS charges fees depending on the account type. The broker provides two accounts: Elite and Classic. Overall, ADSS delivers attractive spreads for most tradeable instruments. In addition, the good news for traders is that the broker does not charge commissions.
ADSS Web Trading Platform
Besides providing traders access to the MetaTrader trading platform, ADSS has its self-developed web trading platform called OREX. The platform is easy to navigate and well-designed. However, ADSS needs to add useful functionalities like alerts and notifications.
ADSS Desktop Trading Platform
ADSS delivers a desktop version of its web-based trading platform called OREX Optim. The downside is that it relies on an outdated plugin, Silverlight. Therefore, it’s impossible to download the platform using mainstream browsers, so the OREX desktop version is not recommendable.
ADSS Mobile Trading App
The OREX mobile trading app is available for both iOS and Android. It has its lowlights and highlights. The upside for OREX mobile app is that it features informative economic news, and its charting includes several indicators.
In addition, the OREX mobile app has a Market Insights segment featuring sentiment analysis like probabilities weightings. However, the downside of the app is that it has some minor bugs that ADSS can fix. Also, compared to ADSS’ competitors, the app needs more features.
Customer Service
Customers will not be impressed by ADSS customer support. The major problem is that the online chat on the broker’s main website is only available during working hours rather than 24/7. Also, the customer support team takes longer to reply, with an average time of more than five minutes.
Deposit and Withdrawal
ADSS offers a variety of methods for customers to deposit funds in their trading accounts. They include credit card funding, Skrill, Neteller, online bank transfers, and wire transfers. It’s worth noting that the broker does not charge a deposit fee regardless of the depositing method.
Moreover, traders can use the same options for depositing to withdraw funds from ADSS. However, traders have to incur withdrawal charges of $15. Usually, it takes about five business days for ADSS to complete withdrawals.
Research
ADSS’ analysis section on its main website features in-house analysis, which contains technical analysis on the charts and fundamental analysis. In addition, the broker delivers news from leading providers like Dow Jones, which is vital for traders wanting to be informed on forex and economic news.
Education
ADSS contains good educational content on its website. For example, the broker has included how-to guides and a 10-minute video course that explains the basics of trading various instruments. Additionally, the broker delivers a weekly webinar that provides market updates.
Final Thoughts
The OREX trading platform separates ADSS from the several regular MetaTrader brokerages. The broker is also a good choice for active forex traders as it provides a wide selection of currency pairs. However, ADSS needs to improve its customer service.