ADSS is an award-winning MENA brokerage firm that allows traders access to its simple and intuitive trading platform. Its trading platform boasts a seamless trading experience, with access to global markets, competitive spreads, and no commissions. Users can trade with confidence in a fast and secure environment. In this ADSS review, we take a look at what traders can do with the trading platform and some of its features.
How to login to ADSS’ trading platform
Before you can start trading, you must first log into ADSS’ trading platform. This can be done by either downloading the ADSS app or visiting the web version online. ADSS is also available for mobile applications and can be found in the App Store and Google Play. ADSS currently allows clients to have one primary ADSS platform account, and an additional MT4 account if requested.
When logging in for the first time using the ADSS, traders will be asked if they want to activate Face ID or biometrics if that option is not already enabled. If you select yes, then this option will work for all subsequent logins to the app.That said, for additional account security, if a user logs out of the app manually, then Face ID will be lost. Users will then need to enter their credentials again at the next login.
In Web Settings, traders have the ability to select their preference for how the margin is displayed and trade execution behaviour. In the App, Settings is accessed through the Account section and allows traders to see how the margin is displayed by toggling between Margin Coverage Ratio (the default view) or total Margin Utilisation. Both versions also let users view documents making up your Terms of Business.
When it comes to trading, ADSS aims to keep things intuitive and easy to use. This means buttons correspond to what they say they are. For instance, the Products section shows all tradable products available to traders. The top of the Products tab is a search functionality, enabling traders to type and search for products by their name or shortcode. Alternatively, for those who may not know what they are looking for yet, they can simply select an asset class to quickly filter the product list.
The Recently Viewed panel allows traders to select the most recently viewed or traded products. If they swipe across, they can see more recently viewed products. When a product is tradable, a green dot symbol will appear next to the icon. On the other hand, when the market is closed, a grey dot symbol will appear instead.
Positions show all live trades which are grouped together by product. All information related to a trader’s particular position is shown in real-time. This includes data on the product’s name and logo, the overall trade and individual position size in a product, the price at trade open, the current market price, the margin usage, and more. Traders have the ability to add, edit or remove stop loss and take profit orders directly from their Open Positions list.
The Orders tab shows all current working orders that are waiting to be triggered in the market. All information related to a trader’s working orders are shown in real-time. This includes the date/time the order was created, the trade size in lots, the latest market price, the order expiry type, and more. Much like the Positions tab, it is possible to customise columns and expand the Working Orders to your heart’s content.
Placing a trade
ADSS makes it simple and straightforward to place a trade. Here, market orders are executed on an IOC (Immediate or Cancel) basis. First, a trader needs to find the product they want to trade and select it to activate the Order Ticket. They can then select the trade Buy or Sell direction. If the buy price is highlighted in blue, the order ticket will place a buy order. Vice versa, if the sell price is highlighted, the order ticket will place a sell order. Then, you can enter the trade size. Once you have confirmed everything, click on Review Trade Request which will give you a chance to review before submitting. To submit the order, click the Place Trade Request button. If a market order is successfully filled, you will see a confirmation showing an overview of the trade details.
Closing a position
The investment firm allows traders a few different ways to close an open position. The first is by clicking the Close button, which will close a single trade in full. Next is the Close All button, which closes a trader’s position in a product entirely, including all individual trades making up that position. A Partial Close on the other hand allows traders to reduce the size of a trade, while a Close By enables them to net off two trades with one another. Your positions will automatically update with the new information alongside your History.