EBC Financial Group Forex Review

Read our full EBC Financial Group review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased EBC Financial Group opinion allows our readers to decide whether EBC Financial Group is a reliable broker.

EBC Financial Group Forex Broker History

EBC Financial Group is a company that consists of a group of entities. The broker has been around since 2020 and offers a wide range of trading assets, accounts, and trading platforms. Its website is designed professionally and is responsive and mobile-friendly, enabling traders to access it from anywhere. Multilingual support has been provided since its inception, and traders can attend online webinars for education. The broker has a goal to be a solid choice for traders across the globe and is overseen by multiple authorities worldwide.

Overall, EBC Financial Group has been working to refine its services since it has been around and is currently sponsoring sports teams and providing trading competitions.

EBC Financial Group broker safety

EBC Forex broker is very well-regulated. The broker operates a group of entities that are registered and regulated in various countries. These entities and regulatory bodies overseen them include:

• EBC Financial Group (SVG) LLC – Authorized by the St.Vincent and the Grenadines Financial Services Authority(SVGFSA)
• EBC Financial Group (UK) Limited – Authorised and regulated by the Financial Conduct Authority (FCA)
• EBC Financial Group (Cayman) Limited – Licensed and regulated by the Cayman Islands Monetary Authority
• EBC Financial (MU) Limited – Regulated by the Financial Services Commission, Mauritius (MU FSC)
• EBC Financial Group (Comoros) Limited – authorised by The Autonomous Island of Anjouan, Union of Comoros Offshore Finance Authority
• EBC Financial Group (Australia) Pty Ltd – Regulated by the Australian Securities and Investments Commission (ASIC)

There is also a separate entity supporting transactions for the broker and it is registered and regulated in Cyprus.

All client funds are kept in segregated accounts ensuring client money is separate from the broker’s own operational funds.

EBC also provides the negative balance protection, which prevents traders from going into negative balance in case they abuse the 1:500 leverage.

EBC Financial Group Broker Review of Accounts

EBC Financial Group offers a simplistic approach when it comes to trading account diversity. The broker provides standard and professional trading accounts.

The EBC Standard Account is a general trading account targeted at day traders, offering the following conditions:

• Minimum deposit – $100
• Maximum leverage – 500:1
• Spreads from – 1.1 pips
• Commission – $0
• Minimum lot size – From 0.01 lots

The professional trading accounts require higher deposits but spreads are much lower:

• Minimum deposit – $5,000
• Maximum leverage – 500:1
• Spreads from – 0.0 pips
• Commissions – $6 per lot round trip
• Minimum lot size – 0.01 lots

Overall, if a trader wants to have low spreads and has enough capital then a professional account is preferable while for beginners the standard account offers much lower deposit and has competitive spreads from 1.1 pips. However, scalpers who have a small budget won’t find this broker attractive because of the 5,000 dollars minimum deposit requirement.

EBC Financial Group instruments

EBC trading instruments are diverse and include various markets like FX pairs, commodity, indices, stocks, and ETFs. Indexes, stocks, and ETFs are provided in a form of CFDs, enabling quick speculation without the need to own the underlying asset. However, the lack of crypto pairs even in ETFs is a serious drawback and makes the broker not very suitable for multi-asset traders. The leverage is plenty and spreads and commissions are competitive, enabling cheap trading.

EBC Financial Group Reviews of Trading Platforms

EBC trading platforms include both of the most popular advanced standalone platforms MT4 and MT5. Both of these platforms allow custom indicators and Expert Advisors (EAs) and the broker allows traders to deploy automated trading systems. There is also a copy trading service offered, which is automatic. Mobile trading is available at EBC via MT4 and MT5 mobile apps, which can be accessed on mobile devices operating on iOS and Android.

Overall, the trading environment at EBC is very flexible and allows advanced technical analysis tool deployment.

EBC Financial Group Forex Review of Extra Features

The broker offers plenty of extra features such as copy trading, trading blog, and educational center. There are webinars as well, enabling beginners to start from the basics. Copy trading services are automatic and require no user intervention once set. This is very useful for investors who are busy and want to replicate successful traders’ performance. Educational resources at EBC are plenty and suitable for absolute beginners, which makes the broker very competitive. Coupled with multiple licenses and EBC might be a good place to start learning about financial markets. There are also demo accounts available for beginners and they are free.

EBC Financial Group Reviews of Customer Support

Customer support is an integral part of financial trading and EBC Financial Group provides live chat, email, and phone support. The live chat is built into the website, which makes it responsive and flexible. The website is mobile friendly and traders can use multiple languages for both the website and support options.

EBC Financial Group Deposit and Withdrawal

EBC brokers accept a multitude of different payment methods such as Local Banks, International Wire Transfers, Visa, MasterCard, Binance (USDT-TRC20/ERC20), Skrill, ChipPay, Pay Retailers, UnionPay, and SticPay. Furthermore, the broker promises profit withdrawal processing under 24 hours (it must be a working day), and deposits are also fast processed within 1-15 minutes depending on the payment option used. There are no fees charged for some online payments but wire transfers incur commissions on transactions.

EBC Financial Group Review Conclusion – Can you trust EBC Financial Group?

EBC Financial Group is a multi-regulated FX and CFDs broker providing MT4 & 5 platforms, standard and pro accounts, and solid safety policies like fund segregation and negative balance protection. The broker supports copy trading, educational webinars, and fast withdrawals. The biggest downsides are its lack of crypto trading and high deposit for ECN trading accounts.

FAQs on EBC Financial Group

Is EBC Financial Group a scam?

EBC Financial Group scam is impossible as the broker is overseen by several reputable regulators like FCA and ASIC, ensuring trader safety.

What is the EBC Financial Group minimum deposit?

The minimum deposit is 100 USD for the standard account and 5,000 USD for the professional account.

Is EBC Financial Group a cheap broker?

The broker offers fair pricing on a standard account and the professional account is cheaper but requires a higher minimum deposit.