Eddid Financial

General Information

Eddid Financial, a financial institution established in Hong Kong in 2015, is regulated by the Securities and Futures Commission (SFC), a licensed corporation of the Hong Kong Securities and Futures Commission (Central Number: BHT550). Eddid Financial offers a wide range of services, including FinTech, Asset Management, Investment Banking, Wealth Management, Securities, Futures, Forex Investment, and Alternative Investments to cater to the diverse needs of its clients. This broad spectrum of services enables Eddid Financial to provide holistic support to individuals, corporations, and institutions seeking financial expertise and guidance.

Is Eddid Financial legit or a scam？

Eddid Financial, a securities and futures brokerage firm based in Hong Kong, which takes regulatory compliance seriously, is regulated by the Securities and Futures Commission (SFC) of Hong Kong. As a licensed institution, Eddid Financial holds the license number BHT550, which authorizes it to engage in dealing futures contracts and leveraged foreign exchange trading. The institution's regulatory status is currently active, and it has been regulated by the SFC since its effective date of December 14, 2016.

Eddid Financial operates under the supervision and oversight of the SFC, ensuring compliance with regulatory requirements and standards in Hong Kong. Eddid Financial's regulatory status and licensing by the SFC highlight its commitment to operating within a regulated framework, ensuring client protection and upholding industry standards.

Pros & Cons

Eddid Financial possesses several strengths, including its SFC regulation, diverse range of products and services, easy account-opening process, transparent fee structure, and proprietary trading platform. However, there are limitations to consider, such as the limited language support on the website, restricted payment methods, lack of online chat support and 24/7 customer support, absence of a demo account, and insufficient information on account types, spreads, and minimum deposit requirements. It is advisable for individuals considering Eddid Financial to assess these factors in relation to their specific needs and preferences.

Products & Services

Eddid Financial provides corporate clients and institutional investors with a full range of products, including FinTech, Asset Management, and Investment Banking.

Eddid Financial offers a comprehensive range of products, including Wealth Management, Securities, Futures & Forex Investment, and Alternative Investments to cater to the diverse needs of retail investors.

Eddid Securities offers two categories of financial products, including equities and options. Equities empower individuals to build their portfolio. By investing in equities, one can transform their savings into a consistent stream of dividend income. With a focus on asset allocation and diversification, investors can effectively manage market risks. Furthermore, the liquidity provided by equities offers flexibility, opening doors to seize additional investment opportunities.

Options are powerful tools that provide individuals with leverage and increased flexibility in their investment strategies. With options, investors have the ability to hedge their portfolio against potential losses or generate additional income through strategic trading opportunities. These instruments serve as a strategic investment, allowing users to capitalize on market movements and optimize their overall investment performance.

Commissions and Fees

Commission (Self-directed):

For equity trades, the commission is calculated at a rate of $0.0299 per share, with a minimum charge of $2.99 per trade. This means that regardless of the number of shares being traded, a minimum fee of $2.99 will apply for each trade. Additionally, for options trades, there is a commission of $0.65 per contract, along with an additional charge of $1.99 per trade.

Commission (Full-service):

In the case of equity trades, the commission for full-service trading is calculated at a rate of $0.0499 per share, with a minimum fee of $30 per trade. This means that irrespective of the number of shares involved in the trade, a minimum charge of $30 will be applicable. For options trades, there is a commission of $0.99 per contract, along with an additional fee of $30 per trade.

Regulatory Trading Fees and Exchanges Fee

Here are the five ways to calculate trading fees and exchanges fee for Eddid Securities:

1. Regulatory Fee (SEC) - Stock (Sells Only):

Formula: $0.000008 x number of shares x price (Minimum $0.01)

This fee is applied when selling stocks. It is calculated by multiplying the number of shares being sold by the stock price and then multiplying it by a rate of $0.000008. The minimum fee charged is $0.01.

2. Trading Activity Fee (FINRA) - Stock (Sells Only):

Formula: $0.000145 per share (Minimum $0.01, Maximum $7.27)

This fee is applicable for selling stocks. It is calculated by multiplying the number of shares being sold by a fixed rate of $0.000145 per share. The fee cannot be lower than $0.01 or exceed $7.27.

3. Regulatory Fee* (SEC) - Options (Sells Only):

Formula: $0.000008 x number of contracts x 100 x price (Minimum $0.01)

This fee is applied when selling options. It is calculated by multiplying the number of contracts being sold by the option price and then multiplying it by a rate of $0.000008. Additionally, the fee is multiplied by 100 as each options contract typically represents 100 shares. The minimum fee charged is $0.01.

4. Trading Activity Fee (FINRA) - Options (Sells Only):

Formula: $0.00244 per contract (Minimum $0.01)

This fee is applicable for selling options. It is calculated by multiplying the number of contracts being sold by a fixed rate of $0.00244 per contract. The minimum fee charged is $0.01.

5. Options Regulatory Fee (Options Exchanges) - Options (Buys & Sells):

Formula: $0.02905 per contract

This fee is charged for both buying and selling options. It is a fixed rate of $0.02905 per contract, regardless of the number of contracts being traded.

Account Types

Eddid Securities offers the following account types: Individual account, Joint account (Tenants in Common & With Rights of Survivor ship), Entity account (Corporate & Trusts), and International account.

Online Account Opening

To open an account with Eddid Securities USA, you will need to follow the steps outlined below:

1. Visit the Eddid Securities USA website: Go to the Eddid Securities USA website at https://www.eddidusa.com/.

2. Locate the account opening section: Look for a menu option or a link on the website that says “Open an Account” or something similar.

3. Choose the type of account: Eddid Securities USA may offer different types of accounts, such as individual or joint accounts, retirement accounts, or corporate accounts. Select the type of account that suits your needs.

4. Fill out the application form: Click on the “Open an Account” to access the account application form. Provide the requested information, which may include your personal details (name, address, date of birth, etc.), contact information, employment information, and financial information.

5. Complete the required documentation: Eddid Securities USA may require you to submit supporting documentation to verify your identity and financial information. This can include a copy of your identification (passport, driver's license, etc.), proof of address (utility bill, bank statement, etc.), and possibly additional documents depending on the type of account you are opening.

6. Fund your account: After submitting your application, Eddid Securities USA will provide instructions on how to fund your account. This typically involves transferring funds from your bank account to your new Eddid Securities USA account.

7. Account approval and activation: Once your application and funds are received, Eddid Securities USA will review your application.

Trading Software

Eddid provides users with two proprietary platforms: Eddid ONE and Eddid Lite/Pro, both of which are products developed by its team to better meet the needs of users.

Eddid ONE is a one-stop investment platform for securities, futures, Forex, fund, and more. With this single app, traders gain access to thousands of market products, including HK stocks, US stocks, HK and global futures, warrants, Callable Bull/Bear Contracts (CBBC), ETFs, derivatives, and pre-IPO trading. One of the key features of Eddid ONE is its incorporation of leading fintech investment strategies backed by AI technology. Through this integration, traders benefit from 24/7 stock-picking and forecasts powered by AI. The utilization of AI technology aims to simplify and enhance investment decision-making, providing traders with valuable insights and guidance to make informed investment choices.

Eddid Lite and Eddid Pro aredesigned to cater to the needs of futures traders at different levels of expertise. Eddid Lite is a user-friendly futures trading platform, with which traders can easily access the latest trends in the futures and options market. The platform provides real-time data and analysis, empowering traders to stay informed about market movements and make well-informed trading decisions. Eddid Pro offers a comprehensive and professional trading services, catering to the specific needs of experienced traders. Notable features include flash order and chart trading, enabling traders to execute transactions smoothly and efficiently.

Deposits & Withdrawal

Eddid Securities supports traders to deposit funds to their accounts via Wire transfer or ACAT Transfer. You may withdraw funds from your account by requesting a wire transfer or ACH. For domestic wire, please fill out and submit the Domestic Wire Request Form. For international wire, please fill out and submit the International Wire Request Form. For ACH, please fill out and submit the ACH Instructions Form. Please note that there is a fee of $25 for all outbound domestic wires and a fee of $50 for all outbound international wires. There is no fee for outbound ACH.

Customer Support

Its customer support is very specific and detailed, which is one of its advantages. Eddid Financial has established offline branches, including Hong Kong, Shen Zhen, and the United States. with the official website prominently displaying the addresses, email contacts, and other relevant contact information for each branch. This transparent approach enables customers to easily reach out to their local branches for assistance.

In addition to offline channels, it understands the importance of modern communication platforms and utilizes social media apps like WeChat and Facebook to connect with its customer service department. By embracing these widely used platforms, the company provides customers with an additional means of contacting and interacting with their support team. However, it is important to note that it may not be available 24/7.

Here are some contact details:

Telephone: +852 2655 0388

Email: cshk@eddidsec.com

Company Address: 21/F, Citic Tower, 1 Tim Mei Avenue, Central, Hong Kong

Frequently Asked Questions (FAQs)

What does Eddid Futures have on offer？

Eddid Futures provides investors with trading services in Hong Kong stocks, U.S. stocks, global futures, leveraged investments, including mutual funds, bond funds, equity-linked notes and other investment products, and also provides customers with investment solutions such as margin stock trading and IPO subscriptions.

what trading software does Eddid Futures provide？

Eddid Futures provides its proprietary platform called Eddie one-stop trading software.

How can I contact Eddid Futures if I have any inquiries？

Clients with inquiries can get in touch with Eddie Futures through telephone, email.

What is HK Stock market trading hours？

The trading hour of HK Stock is listed below: