EDDID

EDDID
WikiStocks Rating	⭐⭐⭐
Fees	Commission Fees:Phone Orders: 0.25% of transaction amount, minimum HK$100Online Trading: 0.028% of transaction amount, minimum HK$8
Interests on uninvested cash	4.61%
Mutual Funds Offered	Yes
Platform/APP	Eddid ONE,Eddid Lite/Eddid Pro.etc
Promotion	N/A

EDDID Information

　　EDDID is a financial services provider that excels in technology-driven trading with platforms such as Eddid ONE, Eddid Lite, and Eddid Pro.

　　They offer a competitive 4.61% interest on uninvested cash and provide access to mutual funds, meeting diverse investor needs. Their commission fees includes phone Orders: 0.25% of transaction amount, minimum HK$100; online Trading: 0.028% of transaction amount, minimum HK$8.

Pros & Cons

　　Pros:

　　EDDID features a one-stop platform, regulated by the SFC, which offers a variety of trading securities and incorporates AI-powered strategies and professional insights, enhancing the trading experience.

　　Cons:

　　However, the platform's fee structure is unclear, and the lack of IPO Subscription services limits its appeal. Additionally, a suspicious clone license under FINRA raises worries about its legitimacy and security.

Is EDDID Safe？

　　Regulations:

　　EDDID operates under regulatory scrutiny, but there are complexities in its licensing.

　　It holds a legitimate license from the Securities and Futures Commission (SFC) of Hong Kong (License No.: BHT550), ensuring adherence to local regulatory standards.

　　However, it also has a suspicious clone license with FINRA in the United States (CRD#: 299423/SEC#: 8-70253), which raises worries about the authenticity and reliability of its operations under this regulator.

　　Funds Safety:

　　EDDID employs several safeguards to secure client funds. The platform utilizes encryption technologies to protect financial transactions and sensitive data. While it emphasizes the use of advanced security measures and protocols to prevent unauthorized access, information regarding specific insurance coverage for client funds or the extent of such coverage is not clearly outlined in the provided documentation.s.

　　Safety Measures:

　　EDDID employs modern security measures, including encryption technologies, to protect the storage and transmission of funds and sensitive data. The platform likely integrates standard industry practices such as SSL (Secure Socket Layer) encryption to safeguard user information.

What are securities to trade with EDDID？

　　EDDID offers HK stocks, enabling traders to invest in a variety of companies listed on the Hong Kong Stock Exchange. This allows investors to diversify their portfolios by tapping into one of Asia's major financial markets.

　　US stocks are also available for trading through EDDID, giving clients the opportunity to participate in the dynamic and diverse American stock market. This inclusion broadens the scope for international investment options for clients.

　　For those interested in derivatives, EDDID provides access to global futures, which include commodities, indices, and other futures products. This offers traders the ability to speculate on future prices or hedge against potential market movements.

　　Lastly, EDDID offers a selection of funds, allowing investors to diversify their investments across multiple assets through professionally managed portfolios. This is suitable for those looking for pooled investment solutions.

Services

　　EDDID provides specialized financial services tailored to distinct client groups: corporate clients and institutional investors, as well as retail investors. Here's how these services are structured:

　　For Corporate Clients & Institutional Investors:

• 　　Asset Management:



• 　　Equity Investment: EDDID offers private equity and IPO funding to help mature companies prepare for public listing, with advisory services in capital structure and corporate governance.

• 　　Debt Investment: Provides bridging loans and mezzanine financing for companies approaching their IPO, along with investments in bonds and convertibles for already listed companies.

• 　　Investment Banking

　　EDDID offers a suite of investment banking services tailored for corporate clients and institutional investors, focusing on financial advisory, initial public offerings (IPOs), capital market operations, and additional specialized services:

• 　　Financial Advisory:

• 　　Provides M&A transaction advisory to assist corporates and investors in navigating mergers and acquisitions.

• 　　Offers corporate restructuring financial consultancy to help companies optimize their structures for enhanced efficiency and profitability.

• 　　Delivers compliance advisory for listed companies, ensuring they meet regulatory standards and maintain good standing in public markets.

• 　　Coordinates investment, financing, and share placement through a robust network, facilitating access to capital for corporate and institutional clients.

• 　　Initial Public Offering (IPO):

• 　　Acts as sponsor, global coordinator, bookrunner, and lead underwriter in IPO processes, playing a crucial role in bringing companies to the public market.

• 　　Manages fundraising activities during the IPO phase, including the public offering and placement of new and existing shares.

• 　　Develops and implements **US listing plans**, providing underwriting services for companies under US regulatory frameworks.

• 　　Capital Market:

• 　　Engages in equity financing for listed companies in the secondary market, which includes managing the placement of new and existing shares and secondary issues.

• 　　Conducts bond underwriting to support companies in raising debt capital through the issuance of bonds.

• 　　Other Services:

• 　　Collaborates closely with the Wealth Management and other departments to identify and capitalize on pre-IPO investment opportunities, ensuring a service offering that aligns with client needs and market opportunities.



　　For Retail Investors:

• 　　Wealth Management:

• 　　EDDID offers a holistic approach to wealth management, aiming to protect and grow personal wealth. Services include securities financing, providing loans against HK-listed securities and bonds, and diverse fund offerings such as currency, bond, equity, and mutual funds.

• 　　The firm also offers structured products tailored to personal investment goals and risk tolerance, along with private equity opportunities.

• 　　Additionally, insurance services are available to manage lifes various risks, with tailor-made plans covering retirement, education savings, life, critical illness, and high-quality global medical services.



EDDID Fee Review

　　Eddid Securities and Futures charges commission fees for phone orders at 0.25% (minimum HK$100) and online trading at 0.028% (minimum HK$8), with additional transaction levies, fees, platform fees, stamp duty, and central clearing fees, subject to periodic changes without prior notice.

　　Commission Fees:

• 　　Phone Orders: 0.25% of the transaction amount, with a minimum charge of HK$100.

• 　　Online Trading: 0.028% of the transaction amount, with a minimum charge of HK$8.



　　Transaction Fees:

• 　　Transaction Levy: 0.0027% of the transaction amount.

• 　　Transaction Fees: 0.00565% of the transaction amount.

• 　　Platform Fee: HK$12 per transaction.

• 　　Stamp Duty: 0.1% of the transaction amount, rounded up to the nearest HK$1, with a minimum charge of HK$1.

• 　　Central Clearing Fee: 0.005% of the transaction amount, with a minimum charge of HK$2.

• 　　Financial Reporting Council Levy: 0.00015% of the transaction amount, rounded to the nearest cent.



　　Other Fees:

• 　　Investor Compensation Levy: Not applicable.

• 　　Custodian Fees: HK$0.12 per board lot per month, applicable only to margin accounts, with a minimum charge of HK$10.

• 　　Dividend Collection Fees: 0.20% of the dividend received, with a minimum charge of HK$30.



• 　　Bonus Share Collection Fees: HK$0.50 per board lot, with a minimum charge of HK$20.

• 　　Rights Exercise Fees: HK$100 per transaction.

• 　　Registration Transfer Fee: HK$2.50 per board lot.



• 　　Margin Account Borrowing and Lending Fees: Prime rate (P) plus 3%.

• 　　Securities Subscription Fees: HK$100 per transaction for margin subscriptions; HK$50 per transaction for cash subscriptions (waived during promotional periods).



• 　　Cash Account Overdue Interest: Prime rate (P) plus 3%.

• 　　Bank Transfer Fees: HK$250 per transaction.

• 　　Telegraphic Transfer Fees: HK$350 per transaction.

• 　　Physical Stock Deposit Fees: HK$5 per assignment deed.

• 　　Physical Stock Withdrawal Fees: HK$8 per board lot, with a minimum charge of HK$30.

• 　　Custodian Fee (Margin Account): HK$0.12 per board lot per month, with a minimum charge of HK$10.

• 　　Dormant Account Service Fee: HK$250 semi-annually, deducted in June and December each year.



　　Note: Fees and charges are subject to change from time to time without prior notice. This summary does not cover all possible fees, charges, or levies. For detailed information, please contact Eddid Securities & Futures customer service.

Fee Type	Rate/Amount	Minimum Charge
Commission (Phone Orders)	0.25% of transaction amount	HK$100
Commission (Online Trading)	0.028% of transaction amount	HK$8
Transaction Levy	0.0027% of transaction amount	N/A
Transaction Fees	0.00565% of transaction amount	N/A
Platform Fee	HK$12 per transaction	N/A
Stamp Duty	0.1% of transaction amount	HK$1
Central Clearing Fee	0.005% of transaction amount	HK$2
Financial Reporting Council Levy	0.00015% of transaction amount	N/A
Investor Compensation Levy	Not applicable	N/A
Custodian Fees	HK$0.12 per board lot per month	HK$10
Dividend Collection Fees	0.20% of dividend received	HK$30
Bonus Share Collection Fees	HK$0.50 per board lot	HK$20
Rights Exercise Fees	HK$100 per transaction	N/A
Registration Transfer Fee	HK$2.50 per board lot	N/A
Margin Account Borrowing and Lending Fees	P+3%*	N/A
Securities Subscription Fees	HK$100 per transaction (margin)	HK$100
Cash Subscription Fees	HK$50 per transaction	HK$50
Cash Account Overdue Interest	P+3%*	N/A
Bank Transfer Fees	HK$250 per transaction	HK$250
Telegraphic Transfer Fees	HK$350 per transaction	HK$350
Physical Stock Deposit Fees	HK$5 per assignment deed	HK$5
Physical Stock Withdrawal Fees	HK$8 per board lot	HK$30
Custodian Fee (Margin Account)	HK$0.12 per board lot per month	HK$10
Dormant Account Service Fee	HK$250 semi-annually	HK$250

　　*P = Citibank (Hong Kong)'s “Best Lending Rate”

EDDID Trading Platform Review

　　EDDID offers a robust suite of FinTech solutions designed to enhance the trading experience across various stages of the investment process. Here's a breakdown of their trading platforms and other FinTech products:

　　Trading Platform:

• 　　Eddid ONE: A front-stage trading app that enables users to trade HK stocks, US stocks, HK and global futures, and funds from a single platform. This app simplifies the investment process with AI-powered tools and bespoke industry insights provided by professional research teams. It features a proprietary Account Opening System (AOS) for 24/7 account management and has achieved over a million downloads.



• 　　Professional-Grade Futures Investment Platform (Eddid Lite/Eddid Pro): This platform is specifically designed for futures trading, offering functions to ensure efficient and smooth transactions.



　　Other FinTech Products:

• 　　E-Research: Provides exclusive, in-depth market analysis and professional research reports in both Chinese and English. This service assists investors in making informed financial decisions through expert insights.



• 　　Customer Data Management System (CDMS): Automates account opening and supports a flexible and approval process. It includes easy KYC checking with integration to Refinitiv World-check One for compliance and due diligence.



• 　　Equity Incentive Solutions (EDDIDESOP): A one-stop equity incentive platform that is highly customizable to meet the diverse needs of businesses at different stages. It provides professional support from certified experts and offers easy integration across various phases of company growth.



• 　　Global Derivatives Transaction and Settlement System (EDDIDOMS & GFSS): A self-developed system that covers transactions and settlements in the Hong Kong futures and options market, and supports global futures markets across different products and currencies. It includes features like real-time trading surveillance and margin calculation to effectively manage risks.



Research & Education

　　EDDID Financial emphasizes a strong commitment to research and education, providing clients with robust tools and resources to enhance their understanding and execution of financial strategies. Here are the key components of EDDID's research and education offerings:

• 　　E-Research: EDDID offers an exclusive e-research platform that delivers in-depth market analysis and professional equity, macro, and strategy research reports. These reports are available in both Chinese and English, meeting a diverse client base. The research is drawn from years of expert analysis, helping users make smarter financial decisions by providing critical insights into market trends and investment opportunities.

• 　　Educational Initiatives and Client Engagement: Through initiatives like sponsoring community programs and encouraging employee volunteerism, EDDID extends its educational outreach beyond traditional financial services. For example, EDDID's sponsorship of the Lok Sin Tong's volunteer program during the Dragon Boat Festival involves employees in community service, spreading joy and engaging with the community. This not only supports the local community but also enriches the social responsibility knowledge and personal growth of EDDID employees.



Customer Service

　　EDDID provides detailed customer support services in Hong Kong, where clients can contact the support team by phone at +852 2655 0300 or by fax at +852 3572 0052. They can also reach out via email at info@eddid.com.hk.

　　The Hong Kong office is conveniently located at 21/F, CITIC Tower, 1 Tim Mei Avenue, Central, ensuring that clients in the region have easy access to in-person assistance if needed.

　　In the United States, EDDID maintains a dedicated customer support system with contact options including a phone line at +1 212 363 6888 and a fax service at +1 212 820 9770.

　　Clients can also communicate through email at info@eddidusa.com. The American office is based at 11 Broadway Suite 801, New York, NY 10004, offering a strategic location for facilitating timely and effective support to its U.S.-based clients.



Conclusion

　　EDDID is a multifaceted financial services provider that excels in offering a broad range of investment opportunities and solutions, including asset management, investment banking, and innovative FinTech products.

　　With offices strategically located in Hong Kong and the United States, EDDID combines local expertise with global reach to serve both corporate clients and individual investors effectively.

　　Their commitment to technology-driven solutions and client-oriented services ensures that EDDID remains a competitive and reliable partner in the financial industry.

FAQs

• 　　What types of securities can I trade with EDDID？

• 　　With EDDID, you can trade a variety of securities such as HK stocks, US stocks, global futures, and various funds through platforms like Eddid ONE, Eddid Lite, and Eddid Pro.

• 　　How can I contact EDDID for support？

• 　　In Hong Kong, you can call +852 2655 0300 or email info@eddid.com.hk. In the United States, contact them at +1 212 363 6888 or via email at info@eddidusa.com. Fax options are also available in both regions.

• 　　Does EDDID offer any educational resources or research for investors？

• 　　Yes, EDDID provides extensive educational resources and research through its E-Research platform, offering in-depth market analysis and professional equity, macro, and strategy research reports to help investors make informed decisions.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.