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Chris Cammack is Head of Content Operations 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 May 25, 2020 10:05 AM
ADSS does not accept clients from Australia. 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 May 25, 2020 10:05 AM
ACY has a large number of instruments on the MT4 and MT5 platforms and a variety of low-cost trading accounts, and we were pleased to find that Australians will benefit from local ASIC regulation. ACY Securities’ commission-based accounts have spreads that start at 0 pips (EUR/USD) in exchange for commissions of between 5 and 6 USD, which is highly competitive. Experienced traders will also appreciate the wide range of instruments on offer, including 60+ Forex pairs and over 1600 share CFDs. Overall, ACY Securities has excellent regulatory oversight, a range of low-cost accounts with a wide range of tradable assets, decent educational and market analysis materials, and a good selection of trading tools, making it a good option for Australian traders.
Chris Cammack April 20, 2020 10:05 AM
For beginner traders who want low minimum deposits and prefer to trade in smaller trade sizes, Weltrade may be a tempting option. However, ongoing trading costs are higher than most other brokers, and Weltrade is not regulated, so trading security and safety cannot be verified. An STP broker, Weltrade offers trading on a small range of tradable instruments, including 37 forex pairs, 2 commodities, 4 metals, and 15 cryptocurrencies, which is severely limited compared to other brokers. Weltrade offers five live accounts and an unlimited demo account. Although the minimum deposit on its entry-level account is low at [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"], trading costs are high, with spreads averaging at 1.5 pips on the EUR/USD. Spreads tighten to 0.5 pips on the Pro Account, but this is in exchange for a minimum deposit requirement of 500 [fxs-broker-property identifier="currency"]. Additionally, the trading costs on its Zulutrade Account are exorbitantly high. Weltrade offers full support for MetaTrader4 and its successor, MetaTrader 5, but offers virtually no trading tools. It also lacks educational and market analysis materials, forcing traders to self-educate elsewhere.
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