Bank ADS: reviews, analysis of terms, and expert recommendations
Investment opportunities in online trading
Due to the development of online trading, everyone now has the chance to work with a broker from any part of the world, which sometimes becomes a convenient opportunity for scammers who present their organization as a respected international intermediary. In this review, we will present an overview of Bank ADS’s activities, examine traders’ opinions, and consider the conditions offered by this firm.
Reviews of the official Bank ADS website
Despite the presence of a Russian-language interface on the website, its quality leaves much to be desired. The translation of the content only causes confusion.
The company’s page looks like a quick and careless creation. The text is rife with inconsistencies, indicating the lack of attention to even key aspects. For example, the “About the company” section claims that the firm was founded in 2018, yet an award supposedly received in 2014 is presented on the site’s footer.
The social media icons turned out to be fake, providing no information about the company or reviews. As for the longevity of Bank ADS, the Whois service indicates less than a year. The domain was registered in April 2020 and renewed this year.
The global broker claims to have support centers worldwide, but without specifying addresses. The only ways to contact Bank ADS are through phones and email. Verification of the email address showed its invalidity.
The legal address provided is the familiar Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Reviews warn that such an address is a hub for many dubious organizations. This address does not signify the presence of offices — it is only used as a mailing address to register the company through proxies.
Security and regulation of traders’ rights in Bank ADS
According to the “Terms and Conditions,” Bank ADS is owned and operated by AIG TITAN HOLDINGS Limited, registered in the Marshall Islands. However, scammers failed to realize that this information is verifiable. In reality, the company was liquidated back in 2020, as reflected in the state registry.
Now it can be confidently stated that Bank ADS is a fraudulent project created for illegal purposes. The company does not exist in reality and does not have the right to conduct trading operations or use legitimate software for trading.
Regulation of Bank ADS is absent. Even if the company existed, there is no financial regulator on the Marshall Islands overseeing the activities of brokers.
However, it is crucial for residents of Russia that the intermediary holds a license from the Central Bank of Russia. Only in this case can their interests be protected by law.
But not in the case of Bank ADS, which offers its services to Russians illegally. According to reviews, collaborating with an unlicensed broker poses a risk. The problem is not only that the trader may fall victim to deception, but also that even the law enforcement system will not recover the money.
How to open an account and trade in Bank ADS?
After registration, you are offered to choose one of the five types of accounts, including Islamic. The initial deposit is $500.
In the “Terms and Conditions,” it is mentioned that it is possible to receive bonus funds on the account immediately after registration. Thus, scammers encourage traders to open trades for a certain amount; otherwise, withdrawing funds becomes impossible. The bonus amount is not specified.
Information about commissions or other payments was not found, but there is significant attention to spreads. While other companies seek to minimize their size, Bank ADS sets spreads at 5 or even 13 points.
To consider such trading conditions favorable or transparent would be misleading.
Bank ADS reputation among traders
The poor implementation of the project seems to deter even the most daring investors. We found no reviews on Russian-speaking platforms or foreign ones. If someone wishes to share their experience and publish their story, we will gladly add it to the information section.
How to lose all your money in Bank ADS?
The main danger of dealing with such fraudulent entities, like our hero, lies in the impunity of the broker and their unlimited power. No one controls the established level of leverage, the accuracy of the quoted prices, or the absence of liquidity providers for fast order execution. In fact, the trader does not interact with the market; all their operations are carried out only on a demo account.
Scammers most often contact clients by phone or social media (according to reviews, correspondence is often conducted from attractive women’s accounts). They focus on the potential for quick and safe earnings, urge action and large deposits. They use psychological manipulation techniques, assurances of reliability and security. Obviously, after depositing funds, the client will not be able to get their money back. After clouding the client’s judgment, scammers simply block their account, keeping all the money for themselves.
Conclusion
Even just visiting the intermediary’s website or studying reviews about it can raise doubts about its reliability. Further examination of legal documents, registration verification, and the presence of licenses confirm that Bank ADS is just a “kitchen.” We strongly recommend against opening an account here or simply communicating with representatives of this “international broker.”