ADSS Information

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 and Cons

Is ADSS Legit?

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.

What Can I Trade on ADSS?

ADSS offers various market instruments, including indices, forex, equities & ETFs, cryptos, bonds, and commodities.

Account Type

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.

ADSS Fees

The EUR/USD spread starts from0.7 pips. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

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.

Deposit and Withdrawal

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.

Rebates

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.

amana Information

Based in the United Arab Emirates, Amana is an online trading platform, offering 6,000+ tradable products, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals. It claims to offer leverage up to 1:100 and a spread 70% lower. This company holds multiple licenses from various authorities, while most of the licenses are effective, some of the licenses are revoked, exceeded, or suspected to be a fake clone.

Pros and Cons

Is amana Legit?

amana operates under various regulatory frameworks across different jurisdictions. However, when it comes to regulatory status, while most entities are regulated, some have had their licenses revoked or are flagged as “Suspicious Clone” by certain authorities.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Dubai Financial Services Authority (DFSA)	Regulated	Amana Financial Services (Dubai) Limited	Retail Forex License	F003269
	Capital Markets Authority LEBANON (CMA)	Regulated	Amana Capital SAL	Retail Forex License	26
	BANQUE DU LIBAN (BDL)	Revoked	Amana Capital S.A.L.	Financial Service	60
	Labuan Financial Services Authority (LFSA)	Regulated	AFS Global Limited	Straight Through Processing (STP)	MB/18/0025
	Securities and Commodities Authority (SCA)	Exceeded	Amana Mena Promotional Services L.L.C	Investment Advisory License	20200000255
	Cyprus Securities and Exchange Commission (CySEC)	Suspicious Clone	Amana Capital Ltd	Market Maker (MM)	155/11
	Financial Conduct Authority (FCA)	Suspicious Clone	Amana Financial Services UK Limited	Straight Through Processing (STP)	605070

What Can I Trade on amana?

amana asserts to offer over 6,000 types of market instruments, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals.

Account Type

There are three types of car available on this platform, Meta Trader 4 (Hedged), Meta Trader 5 (Hedged), and Meta Trader 5 (Netting), each comes with different trading conditions.

Leverage

Amana offers distinct leverages based on the asset class. 1:100 is the maximum leverage on this platform. Traders can contact the customer support team to request more leverage.

Fees

The spread on this platform is committed to being 70% lower. According to amana, traders are allowed to enjoy commission-free on all assets.

However, amana charges overnight financing fees on US Stock Derivatives (OTC), US ETFs derivatives, Regional stock Derivatives, Leveraged crypto, Forex Derivatives (OTC), International Stock derivatives (OTC), and Spot market derivatives (OTC).

Plus, amana charges a clearing fee on Regional stocks (exchange traded/OTC) and Regional stock derivatives (OTC).

Trading Platform

Traders on this platform get access to amana App, which is an all-in-one trading app that grants access to 5,500+ commission-free assets across global and regional markets. From stocks, cryptocurrencies, forex, metals, and indices to ETFs, commodities, and more.

In the meantime, amana also provides access to MT4 and MT5, which are popular trading platforms widely used for forex, CFDs, and other financial markets trading.

• MT4 is simpler and highly popular for forex trading.
• MT5 offers more advanced features, supports more markets, and is more flexible for algorithmic trading.

Deposit and Withdrawal

These are the payment options available on this platform: Visa, Mastercard, amana Prepaid Card, Apple Pay, Wire Transfer, UAE instant banking, Neteller, Whish Money (Lebanon), Skrill, and digital currencies.

Amana claims that traders can enjoy zero fees on all card deposits and withdrawals.