ADS Securities - Brokerage Application
BOOK MARK THIS PAGE FOR YOUR REFERENCE (we do not link to it) and it contains some very important information and documents for opening your account at ADS. ADS Securities is a very reputable and stable brokerage based in Dubai. They are heavily regulated by the Central Bank of the UAE, and extremely well capitalized - with over $600 million of their own fully paid up capital. Please follow the instructions below in detail to complete your brokerage application. * NOTE: if you are having any problems downloading any documents on this page, you can right click on their link, and choose “save link as” or “save target as” and save the document to your PC this way.
Here are some important tips to read before starting the application.
- GETTING HELP: should you require any assistance in getting your account setup, approved, and funded, please contact our account representative Mr. Keith Tebbutt by email at [email protected] or by phone at: (Main: +44(0)203 078 5051 or Mobile:+4470418708436). Please note that Mr. Tebbutt now works for the UK division of ADS Securities called Pioneer Trader, however he is still our appointed rep, and will assist all clients of ours getting set up at ADS. There are more contact details provided at the bottom of this page. The general contact information for ADS can be found here: http://www.ads-securities.com/en/contact-us. Likewise, we are always here to help you during any step in the application, so feel free to contact us at any time at [email protected] and we will be glad to assist! If you want someone to phone you and walk you through the application we are always able to to assist in this manner as well. Just let us know the best time to phone you and the best number to reach you at. Most people have no problems when following the guide below however.
- USA ECPs: These programs are not open to retail USA-resident clients at ADS Securities at the moment, unless the client can qualify as an ECP (eligible contract participant) which is essentially a high net worth investor. To see if you qualify as an ECP, please download the ECP confirmation document here: ECP DEFINITION . If you would like to apply as an American ECP, please contact us and we will send you the requirements, which entails a proof of funds or letter of documentation from you bank or CPA, verifying your ECP status.
- MINIMUM INVESTMENT: The minimum investment to participate with these managed FX programs is 5K USD per strategy. These minimums are set for no reason other than to ensure that the smallest trades get filled on all sub-accounts. Please note however that the minimum to open an account at the brokerage is 10K USD. So you while you can have an account with our programs for 5K, you will still need a deposit of 10K to open the account at ADS. This allows most investors coming in with the minimum investment to participate in at least two of our programs (at 5K each).
- CORPORATE ACCOUNTS: Those wishing to open corporate accounts, can download the application here: Corporate Account Application. Please note that there is a list of required support documents which you must produce in addition to the application for the company, as well as the shareholders, and authorized persons and directors controlling the company. Please note that we have completed Section 3 for you already on this application.
- EXAMPLE APPLICATION: To assist those who may wish to cross reference their application before sending it in, please see an example of a properly completed personal application here. The application is very straightforward, but this may be helpful to some of you when going through your own application: EXAMPLE APPLICATION.
STEP 1. Completing a Personal Account Application
To open your brokerage account up at ADS, you must first complete an account application. You must also send in the required pieces of support documentation, fund your acccount(s) and then sign the required LPOAs (limited power of attorney) documents (which are provided below). These instructions are here to make the sign-up process as easy as possible and to guide you through the application along with an example.
ADS Personal Application
The application can be downloaded here in PDF: Personal Account Application. Please be sure to save this to your computer and use this exact application as it has a small section already completed for you. Here are some tips when completing the different sections of the application. Please follow these along as you complete the application.
Section 1. Identification Documents
In addition to this application, for each person listed on the application as a beneficial owner on the account, you will need to supply ADS Securities with a scan of your ID as Proof of Identity (this can be a passport, drivers license, or other national ID card), as well as a scan of a Proof of Address document (this can be a recent ((no more than 3 months old)) utility bill or bank statement stating your name and residential address). You can provide this by scan/email, or fax, or by taking a picture - then emailing it, or you may mail these in hard copy via post or courier if you prefer. Details for where to send these are mentioned at the bottom of this page.
* NOTE: Your ID document must be “certified” or “notarized”. For those who do not know what a notarization is, its a service provided by a public notary, or typically any lawyer, barrister or solicitor, or even a Consulate or Embassy official as well who can make a copy of your ID, and validate it as a “true copy of the original”. The absolute easiest way to do this is to phone up the closest law firm to you, and ask if they can notarize a document for you. Most lawyers charge approx $10-$20 to do this, and it only takes a few minutes. You bring in your ID to them, they verify it is really you on the ID, then they make a photocopy of it, and usually apply a stamp or a seal verifying the document is original and you are who you say you are, and then they sign it. This is becoming quite common nowadays when applying for any type of brokerage or bank account outside of your own country. It is to ensure that the brokerages are staying compliant with international money laundering and know your client laws.
Here is an example of simple notarized license: example
Here is an example of a 2 page notarized passport: example
Section 2. Client Classification & Client Objectives
This section is pretty straightforward. ADS is looking to see that investors have at least some experience in investing. While it is not mandatory to check these boxes, sometimes if they feel you are not experienced enough or do not understand risk in trading, they may reject the application. Please complete this section to the best of your abilities.
Section 3. Accounts you wish to Operate
If you have downloaded the application from the link above, you will see that we have completed this section for you. There is nothing that you need to do here. We have selected a margin account, for spot forex, and indicated that you will be having your account traded by our money managers (and that you are not trading the account by yourself).
Section 4 - 5. Personal Information Required and Beneficial Ownership Declaration
This section is very straight forward. Please complete your personal detail as accurately as possible. Section 5 requires no input. It is simply a clause which you agree to by signing the application.
Section 6 - 8. Bank Account details and other Information
NOTE: In Section 6, it is very important that the name on the bank account matches exactly the same as the name on your application. If your bank account has a different name, you may run into difficulties making withdrawals from you account due to anti-money laundering regulations. If Jon Peters open the brokerage account, then funds can only be sent to and from the bank account belonging to Jon Peters. ADS Securities, like most brokers, does not allow funds to be sent or received from other 3rd parties. Section 7 requires no input. For Section 8, please print your name carefully, and sign and date the document.
STEP 2. LPOAs (Limited Power of Attorney)
After your account(s) have been approved and created, you must also download and complete the appropriate LPOAs, based on the total dollar size of your investment (indicated below) and the accounts you wish to have traded. This allows our managers to trade the accounts on your behalf. Once complete, please scan and send them via email to Keith Tebbutt ([email protected]) at your earliest convenience. In addition to this, please CC us on the email ([email protected]) so we can ensure no one slips through the cracks. Please complete all and only the sections highlighted in yellow on the LPOAs.
* Please Note that we recommend that our investors diversify their funds across all of our trading programs for the best performance. All of our programs are “non-correlated” and provide excellent diversification by working synergistically together and creating intra-asset class diversification. You can view an overview and comparison between the strategies here.
LPOA Downloads for Arc FX (standard risk)
1. 35% LPOA (to be used for account sizes between $5K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Arc FX x2 (*NEW Double Risk)
1. 35% LPOA (to be used for account sizes between $5K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Stone Fund
1. 35% LPOA (to be used for account sizes between $7K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Eagle FX
1. 35% LPOA (to be used for account sizes between $5K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Valor FX
1. 35% LPOA (to be used for account sizes between $5K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
After your accounts have been approved, you will receive funding instructions from ADS. They work with many different custodian banks so you have a few to chose from on where you wish to send your funds.
* IMPORTANT - MULTIPLE ACCOUNTS: After you have funded your account, you must simply instruct ADS to distribute your funds internally between any of your accounts proportionally as you would like to distribute/diversify them (assuming you have more than one account). For example, if you invested 50K, and wanted to put 20K into the Stone Fund strategy, and 30K into Arc FX, you must contact ADS and notify them to distribute the funds between your two accounts. Setting up multiple accounts is first done by completing the ADDITIONAL ACCOUNT FORM. You will need to do this for each account you wish to set up at ADS. So if you wish to have 5 accounts, you will need to complete this form 4 times for establishment of your new accounts. There is no new applications or compliance required - only the additional account document (one for each additional account). After submitting these you simply need to contact customer support at ADS and requesting them to distribute your funds accordingly between your accounts.
You can submit your application and support docs again as indicated above to Keith Tebbutt, by 1. scan and then email, 2. photo, then email, 3. fax, or 4. hard copy via post. Here are the coordinates to send these in.
New Accounts (for sending via post)
ADS Securities LLC
8th Floor
Irena Tower, Corniche Road
P.O. Box 93894
Abu Dhabi, U.A.E
Tel: +971 2 657 2300
Keith Tebbutt (for sending via email or fax)
Head of Institutional Sales
ADS Securities and Pioneer Trader
Main: +44(0)203 078 5051
Mobile:+4470418708436)
Email: [email protected]
Fax (at ADS): +971 2 657 2323
*IMPORTANT: when sending in your LPOAs to ADS, please cc us on the email ([email protected]) so that we can keep track of this on our end as well. This is especially important if you have a larger account and reduced LPOA as by default all accounts get tagged at 35% performance fee.
Should you have any questions or concerns in completing this application, please do not hesitate to contact us at any time.
Respectfully Yours,
The Managed Forex Hub team.
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We also ask that all of our clients take a brief moment and ensure to read our RISK DISCLAIMER and our DISCLOSURE DOCUMENT as these form part of your agreement with MFH when participating in the managed accounts.