WikiFX

Sagot

In my experience trading with different brokers, transparency about trading costs like spreads is essential to making informed decisions. Unfortunately, during my due diligence on Eddid Financial, I found a notable lack of specific information regarding typical spreads—including for major pairs like EUR/USD. The broker does not disclose its spread structure for standard accounts on its available materials. As a result, I was unable to confirm what the average or typical EUR/USD spread would be. This absence of core trading details is a concern for me as a client, particularly because understanding spread levels is crucial for managing trading costs and ensuring my strategy remains viable. For context, most reputable brokers will list their spreads for major currency pairs in an easy-to-find and verifiable manner. Given that Eddid Financial is regulated by the SFC in Hong Kong, it does provide a layer of oversight, which is important. However, regulatory status alone does not substitute for clear cost transparency. I would be cautious and would contact their customer support directly to request precise spread information before proceeding with any real-money trading. This cautious approach is, in my view, the best way to minimize unexpected trading expenses and to assess whether the broker’s conditions align with my trading needs.