ADS Securities Islamic Account

ADS Security delivers swap-free trading Islamic accounts for Muslim faith trades on the available Swap-Free accounts. ADS Security accounts are ideal as they align with the Islamic Muslim faith and incur no swaps or interest charges on overnight positions.

ADS Securities at a glance

Overall Rating

• 3.6/5

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Min Deposit

USD 100

Regulators

FCA

Trading Platform

MT4

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

ADS Securities Review – 10 key points quick overview:

1. ADS Securities at a glance
2. ADS Security Overview
3. What exactly is an Islamic Account?
4. Why is interest discouraged or prohibited by Sharia law?
5. What are the steps involved in opening an ADS Securities Islamic Account?
6. What is ADS Securities’ spread costs on an Islamic Account?
7. What other features does ADS Securities’ Islamic Account have?
8. ADS Securities Pros and Cons
9. ADS Security Conclusion
10. Frequently Asked Questions

ADS Security Overview

ADS Securities was established in 2011 and is headquartered in Abu Dhabi. Ads Securities is a premium, leading broker that provides excellent trading conditions and strong customer support.

The broker is regulated in several jurisdictions to offer a safe and secure trading environment. As such, the broker is licensed and regulated by the Central Bank of the UAE, the Financial Conduct Authority (FCA) in the UK, and the Securities and Futures Commission (SFC) in Hong Kong.

Traders with ADS Securities have access to several asset classes, consisting of Forex, commodities, indices, and cryptocurrencies.

There are over 10,000 instruments available to trade, and clients can find an option to suit their trading style and portfolio. Either trade on the major high-volume currency pairs or find opportunities in more exotic crosses.

Alternatively, invest in the global equity indices, the most heavily traded commodities, and large-capitalization stocks on a single platform.

Furthermore, the broker’s leveraged CFDs provide access to multiple asset classes including forex, indices, commodities, treasuries, and single stocks.

All these products are offered commission-free across the broker’s different client accounts, with commissions built-in the spread, which is relatively competitive.

As such, spreads on major indices are charged at around 1.2 points for the FTSE 100 and DAX 30. Spreads on major currencies start from 0.9 pips for EUR/USD.

Trading is facilitated on the industry-leading MetaTrader 4 platform, which allows users to benefit from a user-friendly and accessible interface that offers a wide range of options. All of this adds up to a flexible, powerful platform for successful trading.

Beginner traders are given comprehensive educational resources, which include a Q&A section covering trading basics, funding accounts, market details, and problems. Beginner traders can also find information about seminars and webinars, interactive tutorials, and more.

Traders are further given a range of independent analytical tools outside of those built into the MetaTrader platform. Tools for analyzing the markets and defining your trading strategy can be found within the analysis section of the ADSS site.

This features everything from useful economic and earnings calendars to help plan your trades in advance, to market briefings.

Overall, ADS Securities is an excellent all-round broker for traders of different styles and experience levels, who will benefit from the secure trading environment, range of assets, and advanced trading features.

What exactly is an Islamic Account?

To better understand Islamic forex trading, it is important to first gain an insight into the guiding principles of Islamic finance.

To this end, Islamic finance differs significantly from conventional finance in that it is guided by a set of ethics rather than by a purely profit motive. As such, two principles guide Islamic finance as below:

• The first principle is a risk-sharing philosophy between the lender and borrower. According to Islamic principles, interest is unethical, as it guarantees a reward for the lender, while the borrower must incur all the risk. This, according to Islamic finance, can lead to exploitative practices.
• The second principle is that financial activity must promote social and economic wellbeing. The purpose of finance in Islam is to promote happiness and contentment in this earthly life. Finance is just one part of life and society.

With these guiding principles, the fundamental feature of Islamic finance is to encourage socio-economic justice.  It is for this reason that interest (or riba) is prohibited. Excessive risk (or gharar) is also prohibited, as is excessive gambling or speculation.

Why is interest discouraged or prohibited by Sharia law?

Interest is any pre-agreed fee paid over and above the principal amount, whether it is a personal or commercial loan. Charging interest, according to Sharia law, or making money from money, is unlawful. The major reasons for its condemnation include:

• Riba promotes negative growth. It may increase money quantitatively, but essentially, there is no primal progression in social wealth.
• Riba disgraces the human spirit. It effectively promotes a culture that places undue significance on that which is monetary, while disregarding that which is human.
• Riba is essentially seen as the unlawful acquisition of property.
• When entrenched, Riba corrupts society.
• Riba is, for all intents and purposes, unjust. While it creates money for the lender, it is extremely oppressive towards the borrower.

What are the steps involved in opening an ADS Securities Islamic Account?

1. Step 1 – Register a Swap-Free account

Opening an Islamic Account with ADS Securities is a simple online process. Traders should navigate to the account registration portal and select the option to open a swap-free account.

2. Step 2 – Select trading option

From here you will be redirected to the online registration portal. Complete and submit the registration form. You may have to also supply supporting documents to prove your religious status.

All swap-free accounts are subject to you submitting your request through the client portal, and you accept the additional terms for a swap-free arrangement before your account is approved. Only one swap-free account is permitted per client.

What is ADS Securities’ spread costs on an Islamic Account?

The swap-free account from ADS Securities will have the same spread like that for the broker’s swap-rated accounts.

As such, spreads on major indices are charged at around 1.2 points for the FTSE 100 and DAX 30. Spreads on major currencies start from 0.9 pips for EUR/USD.

What other features does ADS Securities’ Islamic Account have?

Traders using the Islamic Account will have access to the following features:

• All costs and charges are included in the spread
• Priced directly from spot FX markets
• Available on a wide range of currencies and precious metals
• No overnight charges
• Leverage up to 500:1
• Dedicated support from the broker’s trading services team to help you set up your account
• Pay no commission on your trades

Traders using the Islamic Account will also have access to the MetaTrader 4 platform, which will provide them further comprehensive trading features, including:

• Competitive spreads and fees
• Research and training tools available
• Advanced, customizable charting
• Automated trading
• Live newsfeeds
• Trading signals
• Expert Advisor plugins
• Trade-in 39 different languages

Once you have opened your swap-free account, you will enjoy swap-free trading if your equity level is below $30 000 (R418764.00 USD/ZAR at the time of writing). If it exceeds that amount, the following rules will apply:

• If your position exceeds the prescribed lot sizes, charges will be applied.
• If your ticket is open for more than ten days, charges will be applied.

ADS Securities Pros and Cons

ADS Security Conclusion

ADS Security delivers swap-free trading Islamic accounts for Muslim faith trades on the available Swap-Free accounts. ADS Security accounts are ideal as they align with the Islamic Muslim faith and incur no swaps or interest charges on overnight positions.

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Frequently Asked Questions

How many instruments can I trade with ADS Securities?

ADS Securities provides access to four major asset groups, including over 60 currency pairs, 16 global indices, a range of commodities, plus 5 cryptocurrencies.

The broker also provides a selection of treasury bonds and shares, plus spread betting instruments on the UK website. Overall, ADS Securities provides a comprehensive selection of trading products.

Which platforms are supported by ADS Securities?

MetaTrader 4.

Does ADS Securities offer leverage?

Yes. ADS Securities offers a maximum leverage of 1:500. Margins and ratios available will be adjusted on a volume traded basis.

What spreads can I expect with ADS Securities?

Traders with ADS Securities can expect the following spread list:

Spreads on major indices are charged at around 1.2 points for the FTSE 100 and DAX 30. Spreads on major currencies start from 0.9 pips for EUR/USD.

Does ADS Securities charge commission?

Commission-free trading is available on nearly all the instruments and assets, except for on single stocks, where commissions start from 7 Bps.

Are there additional charges on the Islamic account?

Once you have opened your swap-free account, you will enjoy swap-free trading if your equity level is below $30 000 (R418764.00 USD/ZAR at the time of writing). If it exceeds that amount, the following rules will apply:

• If your position exceeds the prescribed lot sizes, charges will be applied.
• If your ticket is open for more than ten days, charges will be applied.

Is ADS Securities regulated?

Yes, ADS Securities is licenced and regulated by the Central Bank of the UAE, the Financial Conduct Authority (FCA) in the UK and the Securities and Futures Commission (SFC) in Hong Kong.

ADS Securities has been accredited the ISO/IEC 27001 certificate for the management of information security and the protection of sensitive information for the seventh year in a row.