ADS Prime review
About the company:
ADS Securities is one of the largest brokerage companies in the Middle East. It offers to trade several currency pairs and CFDs on commodities, indices, bonds and shares.
Company. Security of Funds
ADS Securities is an Abu Dhabi based and owned international financial services company with offices in London and Hong Kong.
The company behind the brand, ADS Securities LLC, is licensed by the Central Bank of the United Arab Emirates. The Central Bank of the UAE regulates sales and purchases of domestic and foreign stocks and bonds, currencies and commodities, as well as financial transactions.
According to the UAE regulations, the intermediary should be a UAE citizen if it is a natural person; and national shareholding should not be less than 60% of total paid-up capital in case of companies. The regulations set a minimum capital requirement of one million dirhams, two million dirhams or three million dirhams according to the scope of activities the intermediary intends to conduct.
The broker also has a London-based subsidiary, which is licensed by the Financial Conduct Authority (FCA), as well as a Hong Kong unit.
ADS Securities offers its clients a choice of several basic account types. The Prime Lite account provides fixed spreads and a leverage of up to 1:400, while the Prime classic one offers variable spreads and a leverage of up to 1:200. All accounts are commission-free.
Prime Elite is a bespoke service designed for VIP clients and high volume professional traders. If you deposit over US$200,000 or trade more than US$500 million in a month, you will be able to join this elite trading club.
Prime Elite provides significant benefits for professional traders, including pricing that is normally available only to institutional clients.
What is more, ADS Securities provides an account specialized for auto trading, called Prime Auto Trading account. It allows investors to “mirror” or “copy” the forex trades of more experienced and successful professional traders. The cost of Auto Trading is 20% of the profit made (per follower trader).
Traders are required to deposit $100 in order to open an account with ADS Securities.
Spreads & Commissions
This broker offers both fixed and variable spreads and charges no commission fees.
Spreads are above the average for the forex market. Most fixed-spread brokers provide spreads of 2 pips for the EUR/USD pair, while ADS securities’ spread is 2.4 pips.
Furthermore, the broker’s typical floating spreads amount to 1.6 pips on EUR/USD, and most brokers offer spreads in the range of 1.0 to 1.5 pips for this pair.
When trading on the ADS Securities MT4 demo, spreads are fixed at 1.7 pips for EUR/USD.
We also looked through user reviews and most of traders say that this broker is counterparty to their trades (acts as a market maker). This means that the broker does not function as an intermediary, looking for counterparty among other market participants; it acts as a speculator buying from traders at a lower price and selling at a higher price.
ADS Securities offers leverage of up to 1:400. Many forex brokers offer leverages equal to or exceeding 1:500.
Leverage allows clients to trade large volumes with a relatively small initial capital. However, one should keep in mind that the higher the leverage level, the higher the risk.
The main trading platform offered by ADS Securities is popular MetaTrader 4, available on PC and mobile devices.
MT4 is the most popular forex trading platform because users are able to entirely automate their trades by choosing from a wide range of Expert Advisors (EA) and let the program do all the work. What is more, it offers a variety of technical analysis indicators, extensive back-testing environment and advanced charting package.
OREX is a proprietary multi-asset mobile application developed by ADS Securities, offering exceptionally low latency and order processing. Available for both iOS and Android, OREX Mobile allows you to trade 60 currency pairs and over 1,000 CFDs whenever and wherever you are.
The support is available via phone, live chat and feedback form.
Clients of ADS Securities are able to make deposits and withdrawals via credit or debit cards, bank transfers, and e-wallets such as Skrill and Neteller.
ADS Prime 2/10 (votes 2184)