The firm's local entity gained FCA authorization in 2012.
ADS
Securities London Limited (ADSSL), the British subsidiary of the Abu
Dhabi-based brokerage group ADSS, has started to wind down its operations in
the UK. The firm in a message on its website said the move follows a ‘strategic
decision’ by its parent company to “refocus its resources on other entities
within the Group.”
ADSS Pulls
Out of the UK
According
to the Financial Conduct Authority (FCA), ADSSL, which has been authorized to
offer its services in the UK since 2012, applied to cancel its license in June 2023. As a result, the local
entity “will close in due course,” ADSS said in the message, adding that the group “will
cease to onboard and manage clients from this entity.”
“The ADSS
Group remains well-capitalised and continues to be focused on its growth
strategy,” ADSS explained. “The wind-down of ADSSL will be done in an orderly
manner in accordance with our FCA obligations and we remain available to answer
any questions you may have.”
ADSS announces UK exit
From
Pivoting to Quitting
Until the
decision to quit, ADSSL offered contracts for difference (CFDs) trading
services, including spread betting, to mostly retail and professional clients. This is because the broker in recent years scaled back on its
focus on
institutional investors.
Meanwhile, the UK subsidiary reported a jump in profit of 362% for the fiscal year 2021 which
ended December 31. The firm’s revenue also jumped 50% during the period,
reaching £4.5 million.
However, when income from the local
entity’s transfer pricing activities is deducted, the revenue represents a decline of 34%
year-over-year. The shrinkage
was the result of a “continued
pivot from an institutional-led offering to that of one centred around
professional clients,” ADSSL explained in its UK Companies House filing.
Earlier this month, ADSSL executives, Ash Elgarf, Head of Dealing, and Dan Benton, Senior Sales Trader, left the company to join London Capital Group, a former rival that is now only an 'introducing broker'.
ADS
Securities London Limited (ADSSL), the British subsidiary of the Abu
Dhabi-based brokerage group ADSS, has started to wind down its operations in
the UK. The firm in a message on its website said the move follows a ‘strategic
decision’ by its parent company to “refocus its resources on other entities
within the Group.”
ADSS Pulls
Out of the UK
According
to the Financial Conduct Authority (FCA), ADSSL, which has been authorized to
offer its services in the UK since 2012, applied to cancel its license in June 2023. As a result, the local
entity “will close in due course,” ADSS said in the message, adding that the group “will
cease to onboard and manage clients from this entity.”
“The ADSS
Group remains well-capitalised and continues to be focused on its growth
strategy,” ADSS explained. “The wind-down of ADSSL will be done in an orderly
manner in accordance with our FCA obligations and we remain available to answer
any questions you may have.”
ADSS announces UK exit
From
Pivoting to Quitting
Until the
decision to quit, ADSSL offered contracts for difference (CFDs) trading
services, including spread betting, to mostly retail and professional clients. This is because the broker in recent years scaled back on its
focus on
institutional investors.
Meanwhile, the UK subsidiary reported a jump in profit of 362% for the fiscal year 2021 which
ended December 31. The firm’s revenue also jumped 50% during the period,
reaching £4.5 million.
However, when income from the local
entity’s transfer pricing activities is deducted, the revenue represents a decline of 34%
year-over-year. The shrinkage
was the result of a “continued
pivot from an institutional-led offering to that of one centred around
professional clients,” ADSSL explained in its UK Companies House filing.
Earlier this month, ADSSL executives, Ash Elgarf, Head of Dealing, and Dan Benton, Senior Sales Trader, left the company to join London Capital Group, a former rival that is now only an 'introducing broker'.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
