ADSS Announces Exit from Asia Market

Traders in China today have received an e-mail from ADSS, a brokerage firm based in Abu Dhabi and have offices in London and Hong Kong, saying that ADSS has decided to exit from Asia market and close its retail accounts.
The brokerage firm highlighted in its e-mail that it will make great business adjustments and the trading accounts of retail clients will be affected.
The company strongly advised its customers to close their open positions and withdraw account balance as soon as possible.
Specifically, they said in the email as follows:
Not open any new positions or deposit funds from now on
Close the open positions and withdraw account balance via the client portal as soon as possible.
In the case that you have no balance or open positions, we will close your account immediately and without notice.
ADSS also said that it would continue to update information about the detailing procedures and timeline to close accounts.

For the tough regulatory changes, many brokers have announced exit from China, including DK Trade, Vantage FX, Oanda, IG, ETO Markets, IFGM, and etc.