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Chris Cammack is Head of Content at Schlossbrink and is responsible for ensuring our content across all sites meets the exacting standards of quality and clarity that our readers expect; this includes shaping our editorial guidelines to fit the ever-changing world of online Forex trading and ensuring all broker reviews adhere to our strict review process.
Chris joined the company in 2019 after 10 years’ experience in research, editorial and design for political and financial publications. This background has given him a deep knowledge of international financial markets and the geo-politics that affects them. With a keen eye for editing and a voracious appetite for financial and political current affairs, Chris bring a publisher’s sense of precision and accuracy to all the content we produce. Chris has been trading Forex CFDs since 2012 and has a preference for cTrader and ECN brokers; he has found the GBP/USD pair particularly fascinating over the last few years.
Chris Cammack June 10, 2020 08:00 AM
ADSS does not accept clients from Philippines. This review is for educational purposes only. For traders seeking a wide range of financial instruments and a high level of data protection security, ADSS is a good option. However, traders should be aware that ADSS's trading fees are higher than other similar brokers and trading is only offered on the MT4 trading platform. Additionally, negative balance protection is not provided, which means that traders can lose more than their initial deposit. ADSS offers three live commission-free accounts with higher minimum deposits and higher ongoing costs than other similar brokers. The Classic Account has a minimum deposit requirement of [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"] and offers spreads that start at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD, which is wider than the spreads on other brokers' entry-level accounts. The Elite Account requires a hefty minimum deposit of 100,000 USD, but with spreads of 1.1 pips (EUR/USD), it does not deliver the trading costs that more experienced traders might expect for such a high minimum deposit. Unlike other brokers who offer several trading platforms, ADSS only offers support for MT4, but it does allow hedging, scalping, and algorithmic trading. Finally, ADSS's educational and market analysis materials are relatively limited compared to other brokers, making it a poor choice for beginner traders.
Chris Cammack June 10, 2020 08:00 AM
With a large number of tradable assets on the MT4 and MT5 platforms, ACY Securities provides an optimal trading environment for serious beginners and more experienced traders. ACY Securities offers three live accounts with higher minimum deposits linked to tighter spreads. Its commission-free entry level account has spreads that start at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pip (EUR/USD) and requires a minimum deposit of [fxs-broker-property identifier="deposit"] USD, making it accessible to beginner traders. The Bespoke account will appeal to more experienced traders, with spreads that start at 0 pips (EUR/USD) for a low commission of 5 USD (round turn), but this is in exchange for a minimum deposit of 10,000 USD. Trading is offered on both the MT4 and MT5 platforms, and experienced traders will appreciate the wide range of financial assets on offer, including over 60 Forex pairs, commodities, indices, share CFDs, ETFs, and cryptocurrencies. One drawback for traders considering ACY securities is the lack of market analysis and trading tools on offer, forcing traders to perform research on other third-party platforms.
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