The MENA (Middle East and North Africa) region has witnessed significant development in its financial infrastructure in the recent decade, and there has been a growing popularity in trading and investments among its population. This is particularly true of the GCC (Gulf Corporation Council) region, a political and economic alliance of Kuwait, Bahrain, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC region’s strategic geographic location, rich natural resources, and growing economy have attracted plenty of investors and traders. This has led to the increase in demand for local brokers to facilitatetrading and investing.

When it comes to selecting a broker in the MENA region, it is essential to bear in mind its regulatory compliance and authorisation. The region is a big place, comprised of many countries. You should ensure that your broker follows localised financial regulations, and you are participating in trading in the financial markets in a safe and transparent way. With the rise of MENA brokers, we introduce ADSS today by giving a thorough review of their background, product offering, and account types.

ADSS – background

We begin this ADSS trading review by looking at the broker’s background.

ADSS (ADS Securities) is a leading financial services company that offers online trading and investment solutions to retail, institutional, and professional traders. Headquartered in the UAE, it is regulated and authorised by the Securities and Commodities Authority (SCA) locally. It is also registered with the Department of Economic Development of Abu Dhabi, with its main offices in the emirate. As a global investment and trading company, it is licensed in the UK by the FCA.

As a broker and investment company, ADSS aims to deliver innovative technology, competitive pricing, and fair and transparent access to global markets. They offer a range of live account types for traders of different needs and budgets, and they have dedicated educational resources in the form of webinars, videos, and articles.

The company has received multiple awards over the years. For example, in 2021, it received the Best Forex Trading Innovation award at the Global Forex Awards. The following year, 2022, ADSS also received the titleof Most Trusted Forex Broker in the Middle East at the Forex Expo in Dubai and the Forex Traders Summit in Dubai.

Product offering

A broker review must first dive into its product offering. As a leading broker, ADSS offers a wide range of financial market products, including forex spot trading and CFDs on forex pairs, equities, commodities, cryptocurrencies, and indices.

Firstly, traders can trade more than 60 currency pairs with ADSS, including major, minor, and exotic pairs. They can access leverage of up to 500:1 when trading major pairs, as well as trading with no commissions. For those eager to trade forex, spot trading is available, as are forex derivatives such as forex CFDs.

Traders interested in equity trading can do so with stock and indices CFDs. ADSS offers traders access to the largest stock markets in the world, including the NASDAQ, the London Stock Exchange, the NYSE, and of course, various exchanges in the GCC region. Traders can trade stock CFDs of some of the biggest names in the markets, such as Tesla, Netflix, and Meta. They can also speculate on the price movements of Saudi Arabian, European, East Asian, Australian, and North American shares and indices, such as the DAX, the Nikkei 225, and the S&P 500.There are no commissions charged, and leverage can go as high as 20:1 for equities and 333:1 for major indices.

When it comes to commodities trading, there is quite a lot of flexibility for ADSS traders. They can participate in trading CFDs on precious and industrial metals such as gold, silver, and copper, as well as on natural resources such as crude oil and natural gas. Those who are interested in speculating on agricultural commodities can also do so via derivatives on soybeans, wheat, and more. Commodity trading leverage goes up to 100:1, with no commissions charged.

Finally, crypto derivative traders can get involved in the market through ADSS’ offering of cryptocurrency CFDs, such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Traders can trade with leverage of up to 4:1 with competitive spreads.

Account types

MENA traders can turn to ADSS when it comes to a smooth account opening process, especially for UAE residents, who can sign up completely digitally with the use of UAE Pass. For traders residing outside of the UAE, manual sign-up forms are also available on the broker’s website.

ADSS offers three live account types: Classic, Elite, and Elite+.

Classic accounts begin with a minimum deposit of $100, and traders can access the full range of ADSS’ product offering with competitive spreads. For Elite account holders, there is a minimum deposit of $100,000, and Elite traders can execute trades with spreads that are 25% lower. They can also access various benefits, such as having a dedicated senior manager to aid them when needed, as well as invitations to Elite events. Finally, Elite+ account holders must provide a minimum deposit of $250,000, and they get to trade with even lower spreads, as well as all the existing advantages of the other account tiers.

For those eager to start practising before trading, ADSS also offers demo accounts without the need to put a credit card on file. In our opinion, this is a great feature, as some brokers do require traders to verify their identity and provide a funding avenue even when signing up for a demo account. Demo accounts come with $50,000 of virtual funds, and traders can experience live spreads and prices on a wide range of markets and currency pairs on mobile, desktop, or tablet.

Conclusion

In conclusion, ADSS is a MENA broker that has a comprehensive set of functionalities and features, with a good product offering. With its tiered account levels and the option to access educational resources, it is ideal for beginners who wish to progress and upskill themselves in terms of trading knowledge. However, experienced and professional traders should not be scared off – ADSS offers plenty of sophisticated trading tools on their bespoke platform, as well as plugins that can be used to automate trading. There is also the option to access competitive spreads for those who trade in high frequencies and volumes, making ADSS an ideal broker in the MENA region.