company reviews
ADSPRIME

About company:

ADS Securities is one of the largest brokerage firms in the Middle East. It offers trading multiple currency pairs and CFDs on commodities, indices, bonds and stocks.

 

Company. Fund security

ADS Securities is based in Abu Dhabi and also has offices in London, Hong Kong and Singapore.

 

The brand is owned by ADS Securities LLC, which is licensed by the Central Bank of the United Arab Emirates. The UAE Central Bank regulates the sale and purchase of domestic and foreign stocks and bonds, currencies and goods, as well as money market transactions.

 

According to UAE rules, the intermediary must be a UAE citizen in the case of individuals, and the national shareholding must be at least 60% of the total paid-up capital in the case of companies. The rules also set minimum capital requirements of AED 1 million, AED 2 million or AED 3 million, in accordance with the volume of activities that the intermediary intends to carry out.

 

The broker also has a London subsidiary, which is licensed by the Financial Conduct Authority (FCA), as well as a Honk Kong division.

 

Trading conditions

ADS Securities offers its clients several types of accounts. The Prime Lite account provides fixed spreads and leverage up to 1: 400, while the Prime classic offers variable spreads and leverage up to 1: 200. No commission is charged on accounts.

 

Prime Elite is a personalized service designed for VIP clients and professional traders who trade in high volumes. If you invest over $ 200,000 or trade over $ 500 million per month, you can join the Elite Trading Club.

 

Prime Elite provides significant benefits to professional traders, including prices normally only available to institutional clients.

 

Moreover, ADS Securities provides an account specializing in automated trading called Prime Auto Trading. This allows investors to copy the Forex trades of other traders. Auto Trading costs 20% of profit (per trader).

 

Traders need to deposit $ 100 to open an account with ADS Securities.

 

Spreads and commissions

This broker offers both fixed and variable spreads and does not charge any commission fees.

 

The spreads are above the average for Forex. Most brokers provide fixed spreads of 2 pips for the EUR / USD pair, while ADS offers 2.4 pips. The broker's floating spreads are 1.6 pips on EUR / USD and most brokers offer spreads in the 1.0-1.5 pip range for this pair.

 

When trading on the demo version of ADS Securities, spreads are 1.7 pips per EUR / USD.

 

We also looked at the reviews of traders, many of whom claim that this broker is a counterparty (acts like a Market Maker). This means that the broker does not act as an intermediary, looking for a counterparty among other market participants, he himself acts as a speculator - buying from traders at a lower price and selling at a higher price.

 

Maximum leverage

ADS Securities offers up to 1: 400 leverage. Many Forex brokers offer leverage equal to or greater than 1: 500.

 

Leverage allows traders to trade large volumes with little initial capital. However, investors should remember that the higher the level of leverage, the higher not only the profit, but also the greater the loss.

 

Trading platforms

The main trading platform offered by ADS Securities is the popular MetaTrader 4, available for both PC and mobile devices.

 

MT4 is the most popular Forex trading platform as users can fully automate their trades by choosing from a wide range of Expert Advisors (EA) and letting the program do all the work. Moreover, it offers a variety of technical analysis indicators, an extensive testing environment, and an extensive set of charts.

 

Another terminal available from the company, OREX is a private multi-asset mobile application developed by ADS Securities that offers exceptionally low latency and fast order processing. Available for both iOS and Android, OREX Mobile allows you to trade 60 currency pairs and over 1000 CFDs.

 

Support service

Available by phone, chat and using the feedback form on the site.

 

Ways of payment

ADS Securities customers can make deposits and withdrawals through credit or debit cards, bank transfers and Skrill and Neteller e-wallets.

 

Pros:

 

regulated broker; MT4 is available; high leverage.

 

Minuses:

 

no ECN environment; high spreads.

 

 

ADSPRIME is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.

 

In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.

 

As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.

 

What is the benefit of a broker / crypto exchange?  

 

ADSPRIME profits from traders' trades, usually in two main ways

.

 

First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.

 

The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.

 

Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.

 

The ways to deceive customers 

 

How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.

 

The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.

 

Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.

 

The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where do brokerage companies and crypto exchanges register?

 

One of the key points – it is the place of registration and regulation of the company's activities.

 

First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.

 

On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

 

If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.

 

No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

 

And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization,   specifies disputes between its members – brokers and their clients.

 

If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to look out for?

 

When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.

 

It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.

 

Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.

 

Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.

 

Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world

.