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Ashraf20
Within 1 year

Does Eddid charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
Eddid
Fees and Spreads
01-19
United States
WikiFX
Reply

Speaking as an experienced trader who values safety and transparency above all, I must point out that Eddid’s status is a cause for significant caution. Based on the information I have reviewed, Eddid operates without valid regulatory oversight and is, in fact, unregulated. This absence of regulation alone would immediately prompt me to carefully reconsider any engagement, regardless of fee structure or account type. Regarding the specific question of whether Eddid charges a commission per lot on ECN or raw spread accounts, I have not found any concrete or verifiable details pointing to the existence of true ECN or raw spread accounts as commonly understood in the forex industry. The available material indicates that Eddid charges commission fees for both self-directed and full-service accounts, as well as additional regulatory, service, and processing fees. However, these details apply more generally to the platform’s services and do not confirm transparent, per-lot commission charges in the way most reputable ECN brokers disclose. My professional approach dictates that unless a broker is clear, upfront, and regulated—especially with their fee structures—I avoid them entirely. Transparency in pricing and regulatory protection are critical in this industry, as it helps shield traders from potential hidden costs and possible disputes. In the case of Eddid, the risks—and the lack of clear, detailed information about commissions per lot on ECN account types—outweigh any potential benefits for me. For anyone trading with substantial capital or seeking a reliable environment, this lack of clarity and oversight is a significant red flag that should not be ignored.

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