User Reviews
More
User comment
20
CommentsWrite a review


Score
United Arab Emirates
Regulated in United Arab Emirates
Retail Forex License
Hong Kong Dealing in futures contracts & Leveraged foreign exchange trading Revoked
High potential risk
Influence
Add brokers
Comparison
Quantity 20
Exposure
Score
Regulatory Index4.62
Business Index7.63
Risk Management Index0.00
Software Index4.16
License Index2.49
Single Core
1G
40G
More
Company Name
ADS Securities LLC
Company Abbreviation
ADSS
Platform registered country and region
United Arab Emirates
Company website
X
YouTube
97180082377
Company summary
Pyramid scheme complaint
Expose
Was I scammed? I do not know what to do now.
When I wanted to withdraw a great deal of money, it rejected me without any reason. I lost more than 200,000. Stay away from it.
Frauds in ADSS induce me to invest. Can't withdraw after profiting, it's said that the bank card number was wtong and I have to pay margin to unfreeze it. Now my account balance is cleared.
Told by the customer service,only by paying 150000 RMB margin and changing card number can I withdraw my money.After so that,I was told that my credit score was below 80 and asked to pay 12680 RMB.When my credit score raised to 96,the customer service asked me to deposit another 8600 RMB.Fraud platform!!!
The withdrawal is unavailable because of varied reasons.
It said transactions were illegal. The system was under maintenance. Customer service asked me to pay a margin of more than 20,000.
At first, it's said that I can withdraw after depositing. But now I wa told that my card number was wrong when I withdrew. Don't believe in such fraud platform. Besides, they will add your WeChat and chat with you to build a relationship. I was cheated of 54,000
Xuewen Zhu, introduced by ADSS agent Lijuan Liang, opened three trading accounts in ADSS in batches from June 13 to 24,namely,was 222058591,222058665,222058712, with a total deposit of $83453.19. Considering that ADSS is a well-known forex broker, he was rest assured to have a deposit.There has been a profit since the three accounts were traded on the 26th,June.But within an hour,the account was banned.He applied for the withdrawal next day,but haven't received payment yet.
ADSS manipulated clients’ accounts with severe slippage and delayed order trading.Garbage platform!!!!!!!!
The platform gives no access to withdrawal,inducing me pay 100000 RMB for kinds of margin.After that,it still declines my request,continuing to ask for money.
I clearly remember the transaction password Also typed in notepad Now it says my transaction password is wrong Then enter multiple times Cause account freeze Is it right to need another amount of funds? If you want to cheat money Do not use various reasons and excuses
My withdrawal took two months from May 24. I was told the swift code was wrong in early June and corrected it. Then it asked me to fill in FACTA and CRS on June 16. On July 21, customer service of the platform told me in email that the withdrawal was done on June 8. 1)It was not invoice. 2)I did not fill in my bank name and bank number. I kept sending emails asking the customer service how to transfer funds to my account. I also checked my bank account, and no funds were transferred to it. After that, I tried to call the customer service, the phone only connected to the mailbox. Now their customer service doesn’t reply at all.
The card number has been checked. But it said that my bank card is wrong, and I cannot withdraw the funds. Fraud.
Emails are sent every day, at first they said it would take more than a month to process. Then they said it would take a year, and now they didn't reply to the email.
I encountered so many problems such as unable to place orders or close positions. But I can place orders on other brokers at the same time. They do not receive new customers and deposits. If you wanna withdraw funds, your positions should be settled before the withdrawal. Be careful of this broker.
With the help of agents, I invested in a platform named ADSS. Because FX110 and other websites show the high credibility of ADSS, I deposited my money to trade by batch in June. But, I was prevented from doing so soon. When applying for withdrawal, I was turned down with the reason that my account was under a trading investigation. How could that happen? Why? After several short and unsmooth talks with the customer service personnel, I didn't yet get reasonable explanations . | 6 13th, I opened an account on this platform. | 6 14th, I deposited over 500,000 through Unionpay and Bipipay by batch, and the receiver was two ADSS-assigned individual accounts in ICBC. | 6 18th-21st, I made small deals. | 6 26th, I was making deals by batch, but the account was suspended one more hours later. When it happened, there was a paper profit of 30% in my account. (Since ADSS offers leveraged deals, the profit was calculated after deleveraging, equivalent to 2.5%. Customers' accounts are restricted from making deals, and their applications for withdrawal was refused next day. | 7 8th, tradings were restricted, the capital frozen and the customer back stage couldn't be logged in. So far, there were no explanations, for example, why was my account suspended? How long did it took to investigate the whole thing? When can I withdraw my money? Why can the platform restrict customers' trading because of "abnormality".
ADSSReview Summary | |
Founded | 2003-10-12 |
Registered Country/Region | United Arab Emirates |
Regulation | Regulated(SCA), HK(Revoked) |
Market Instruments | Indices/Forex/Equities/Cryptos/Commodities/Bonds/ETFs |
Demo Account | ✅ |
Leverage | Up to 1:500 |
Spread | EUR/USD: from 0.7 pips |
Trading Platform | MT4(Desktop/Mobile(iOS/Android)) |
Min Deposit | $100 |
Customer Support(24/5) | Email: ts@adss.com |
Phone: +971 2 657 2414 | |
Facebook/Twitter/LinkedIn/YouTube/Instagram/Telegram | |
Live chat |
ADSS is a MENA broker that specializes in online trading and provides both beginner and professional traders with access to various opportunities across global financial markets including indices, forex, equities, cryptos, and commodities. The broker also provides three live accounts with a maximum leverage of 1:500. The minimum spread is from 0 pips(EUR/USD: from 0.7 pips) and the minimum deposit is $100.
Pros | Cons |
Leverage up to 1:500 | Islamic account unavailable |
MT4 available | Some negative comments: unable to withdrawal |
Regulated | No bonus information |
Spread(EUR/USD) from 0.7 pips | |
Demo account available | |
Various tradable instruments |
ADSS is authorized and regulated by the Securities and Commodities Authority(SCA), with the License Type Retail Forex License, making it safer than unregulated. Meanwhile, the Hong Kong Regulatory Authority(HK) regulates ADSS with license number AXC847 and License Type Dealing in futures contracts & Leveraged foreign exchange trading. However, the 'revoked' current status is less safe than a regulated one.
ADSS offers various market instruments, including indices, forex, equities & ETFs, cryptos, bonds, and commodities.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptos | ✔ |
Equities & ETFs | ✔ |
Bonds | ✔ |
ADSS has three account types: classic, elite, and pro. Traders who want low spreads can choose a pro account, while those with a small budget can open a classic account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
Account Type | Classic | Elite | Pro |
Deposit | $100 | $100000 | $100000 |
Spreads | Market Spreads | 25% lower spreads | From zero pips |
Max Leverage | 1:500 | 1:500 | 1:500 |
The EUR/USD spread starts from0.7 pips. The lower the spread, the faster the liquidity.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Traders can access the MT4 trading platform through the ADSS mobile or desktop application. Junior traders prefer MT4 over MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop/Mobile(iOS/Android) | Junior traders |
The first deposit amount must be $100 or above. ADSS accepts bank wire transfers, credit cards, online bank transfers, digital payment platforms like Skrill, Neteller, and Cash U, and also now Samsung and Apple Pay for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
Earn a monthly rebate when you trade HSENG, US2000, SWISS, JPN225, or ESTOX indices. Trading volume* reaches the amount shown in Tier 1, Tier 2, or Tier 3, and traders can earn rebates for every million notional volume traded. ADSS pays in USD in the first week of the following month.
Notional volume | Rebate | |
Tier 1 | 10,000,000+ | $10 per million |
Tier 2 | 20,000,000+ | $20 per million |
Tier 3 | 30,000,000+ | $30 per million |
ADS Securities London Limited (ADSSL), a subsidiary of ADSS, is winding down its operations in the UK following a strategic decision by its parent company, while reporting strong financial results and experiencing key executive departures.
ADSS, an Abu Dhabi-based broker, has announced plans to shut down its London operation and withdraw from the UK online trading market. This significant shift follows a drop in the company's revenues and the loss of several top executives.
A wise trader should know the brokers’ regulatory information as early as possible. WikiFX brings you the latest information about brokers whose regulatory license status has changed within a week, so we hope you can avoid these risks.
More
User comment
20
CommentsWrite a review