WikiFX

Reply

Speaking from my perspective as an experienced trader, understanding the full picture of trading costs is essential—especially with unfamiliar or higher-risk brokers like Eddid. According to the details I researched, Eddid charges commission fees for both self-directed and full-service accounts. These commissions add a fixed cost on each trade entry and exit. On top of those, I noticed they apply additional regulatory, service, and processing fees, which can compound over time. However, since Eddid is unregulated, there’s significantly less transparency regarding precise fee structures or any guarantees that fee disclosures (if shared at all) are complete or consistently enforced. When trading indices like US100, my main concern would be the risk of hidden or excessive charges. Unlike well-known, regulated brokers who clearly publish and standardize their spreads and margin requirements for instruments like the US100, Eddid leaves a lot to personal due diligence. This vagueness is a red flag for me because, in my experience, unregulated platforms sometimes impose unexpected costs—like high withdrawal fees or unusual processing charges—that can eat into profits or even principal. Given the broker’s exposure history, including user reports of being asked for arbitrary “taxes” or additional payments before withdrawals, I would exercise extreme caution. In my practice, I only consider trading where all potential costs—spreads, commissions, platform fees, and any other charges—are stated up-front by a regulated entity. On Eddid, without robust, enforceable oversight, the true trading costs for instruments like the US100 could be far more than initially apparent. For me, this level of uncertainty does not meet my risk management criteria.