EBC Financial Group Forex broker review — Everything you need to know

EBC Financial Group is the company’s trade name, which is a broker offering trading services globally. The broker is regulated, and there are several trading accounts available, allowing both scalpers and day traders to find suitable accounts.

In this unbiased EBC Financial Group broker review, we will assess its safety, accounts, spreads, commissions, platforms, leverage, profit withdrawal, support, and much more.

EBC Financial Group Overview of the website

When it comes to the website of EBC FX broker, it is professionally designed with simplicity in mind. However, the broker still forgot to add crucial details in an easy-to-find manner. These include minimum deposit requirements, and traders have to search a little to find information about available assets as well. Otherwise, the website is modern in design and responsive, enabling quick and comfortable navigation around. The live chat plugin is seamlessly integrated into the website and can be accessed right from the initial page, which is convenient and useful.

Overall, the EBC Financial Group website is satisfactory and has only some minor drawbacks, which do not significantly affect the user experience.

EBC Financial Group Regulations and Safety Policies

Safety is paramount in online financial trading, and we thoroughly checked and researched the safety status of the ECB broker.

EBC Financial Group is a co-brand shared by several entities:

• 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)

EBC Group (Cyprus) Ltd is a payment processing entity for the broker, and it is licensed and authorized in Cyprus by reputable authorities.

EBC Financial Group (Australia) Pty Ltd is a related entity of EBC Financial Group (SVG) LLC, and the two entities are managed separately.

The more regulatory licenses the broker holds, the more reliable it generally is, and the ECB broker has 6 different regulatory licenses from very reputable regulators like the FCA of the UK and ASIC of Australia. So, the broker is surely not a scam or fraud, and we have to check its competitiveness when it comes to trading conditions and negative balance protection.

ECB broker keeps trader funds in segregated bank accounts as a regulated broker in multiple jurisdictions.

EBC offers Negative Balance Protection as well, ensuring traders can not go into negative balances if they abuse the 1:500 leverage, a crucial policy for beginners.

EBC Financial Group Accounts Reviewed

EBC Financial Group broker offers several account types, such as Standard Account and Professional Account. The standard account has spreads, while the professional account offers low spreads but charges commissions in doing so. Let’s super briefly analyze both accounts to see which one suits your needs.

EBC Financial Group Standard Account

The standard account is an entry-level account designed for general trading purposes, and it offers the following conditions:

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

The broker fails to be transparent regarding the minimum deposit requirements, and we had to dig deeper to find them.

EBC Financial Group Professional Account

The professional trading account is for traders seeking low spreads for their dedicated strategies. However, this account charges commissions for low spreads. Here are its full specs:

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

This account seems professional only because of its name and high minimum deposit requirements. Many reputable brokers are offering 0 pips trading for much lower deposits, and EBC Financial Group is not competitive in this regard.

Deposit and withdrawal options at EBC Financial Group

The broker accepts many popular payment methods when it comes to both deposits and withdrawals. These methods include Local Banks, International Wire Transfers, Visa, MasterCard, Binance (USDT-TRC20/ERC20), Skrill, ChipPay, Pay Retailers, UnionPay, and SticPay. With these many options, every trader can easily find their preferred method and make deposits and withdrawals.

Deposits are processed within 1-15 minutes, while withdrawals require 1 working day, which is very competitive.

EBC Financial Group Assets — What can you trade?

The broker provides access to a wide range of trading assets, including Forex pairs, commodities, index CFDs, stock CFDs, and ETF CFDs. There are a plethora of ETFs offered in the form of CFDs, but there are no crypto ETFs provided. There are no spot Bitcoin or other cryptos available either, which is a noticeable downside for this broker. The leverage is more than enough to control a serious trading power with up to 1:500, allowing traders to speculate on a wide range of assets except for cryptos.

Trading platforms of EBC Financial Group

When it comes to trading platforms, the EBC Financial Group broker offers access to MetaTrader 4 and MetaTrader 5 advanced platforms. Both MT4 and MT5 allow custom indicators and Expert advisors, and the broker does not prohibit any of those, which is flexible. Mobile trading is available via MT4 and MT5 mobile apps, available on both iOS and Android devices. The website is also mobile-friendly.

Education at EBC Financial Group

EBC broker provides educational resources. There are online webinars, learning centers, and market news provided. These market analysis provides traders with insights and can be very useful for beginners, while webinars provide direct learning resources and materials. As for the tools, the broker does not provide many market analysis tools.

There are copy trading services provided for busy investors.

EBC Financial Group Customer Support

The customer support experience at EBC Financial Group includes live chat, email, and phone support. The live chat is responsive and enables users to instantly contact the broker representatives and resolve any issue at hand. Both the website and support options are available in multiple languages, making the broker a multilingual company.

EBC Financial Group bonuses and promotions

EBC does not offer bonuses such as deposit bonuses and welcome bonuses, which is a downside. There is a trading competition, but it is not a bonus, as traders should compete to show the best trading performance. The broker also offers dividends depending on the deposit amount, but it can not be considered a trading bonus.

Is EBC Financial Group your broker? Final verdict

EBC Financial Group is a multi-regulated Forex and CFDs broker overseen by several top-tier regulators like the FCA and ASIC. It offers MT4 and MT5 advanced platforms, strong safety features such as segregated funds, and negative balance protection coupled with a wide asset selection. While its professional ECN accounts have higher minimum deposit requirements, its standard account is accessible for everyone, requiring 100 dollars. However, crypto trading is not available, and no trading bonuses are offered either.

FAQs on the EBC Financial Group broker

Where is EBC Financial Group based?

EBC Financial Group operates globally with entities registered in the UK, Australia, Mauritius, SVG, Cayman Islands, Comoros, and Cyprus.

Can you withdraw from EBC Financial Group?

Yes, withdrawals are processed within 1 business day using a wide range of payment methods like cards, wires, e-wallets, and cryptos.