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EBC Financial Group includes 3 related companies.
EBC AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
EBC UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
EBC KY - located in the Cayman Islands, regulated by the Cayman Island Monetary Authority (CIMA).
Be aware, UK brokers are subject to some trading restrictions imposed by the European Securities and Markets Authority (ESMA).
Unfortunately, ASIC has also placed some trading restrictions on AU brokers since late March 2021 (such as reduced trading leverage).
At the same time, KY brokers are free from common restrictions imposed in the EU and Australia, so one can open a trading account there.
EBC Financial Group accepts clients from all over the world, excluding USA, Canada, Afghanistan, Belarus, Myanmar, Congo, Cuba, Eritrea, Haiti, Iran, Iraq, Lebanon, Libya, Malaysia, Mali, North Korea, Russia, Ukraine, Somalia, Sudan, Syria, Venezuela, Yemen.
Forex broker offers the following underlying assets for trading.
| 80+ Currency Pairs | Based on major and minor world currencies. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
EBC Financial Group is a broker that offers a wide variety of forex trading pairs with tight spreads. The broker is legally registered and regulated in Australia, the UK, and the Cayman Islands.
As always, leverage and general trading conditions are more restricted for the UK and Australian branch, while the offshore branch offers much higher trading leverage. One special thing to note about EBC, however, is that even European and Australian traders can sign up with the offshore branch of the broker and thus avoid these restrictions.
Like many other global forex brokers, EBC Financial Group has separate websites for each region it operates in (ebc.com, ebcfin.co.uk, ebconline.asia), each with information tailored to that specific region.
As its trading platform, EBC has chosen to stick with MetaTrader 4 (MT4), known as perhaps the most popular trading platform among retail forex traders. The platform has been around since 2005, but still offers an exceptional experience for traders. In large part, this is thanks to the contributions of its community of users, who over the years have developed and coded a huge number of custom technical indicators and trading strategies for the platform.
MT4 is available in a web version that can be used on any computer without downloading any software, as well as in a desktop version for Windows and Mac computers. Additionally, mobile apps for iPhone, iPad and Android also exist. The platform can be used as it is by individual traders, or it can be used by traders who manage money on behalf of others with a Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) account.
It's also worth noting that EBC offers a copy trading module for traders who are interested in either sharing their trades for extra income or copying other profitable traders. Copy trading has become increasingly popular in recent years, and many forex brokers now offer this to their clients. However, it is still important to properly research a trader one is considering to copy, and remember that past trading results are not necessarily indicative of future results.
In terms of assets available for trading, EBC has a more focused offering than many other brokers we have reviewed here on FX-List. For instance, the broker does not offer trading in single stocks (shares), despite the website listing some information about share CFD trading on 36 exchanges with “ultra-competitive spreads” and “unparalleled liquidity.” But while share trading is lacking, EBC has a strong selection of forex pairs, with more than 80 such pairs to choose from. It also offers a handful of major stock indices, as well as precious metals, oil and natural gas trading.
The assets offered by EBC can be traded on either the broker's Standard Account or Professional Account. The Standard Account can be opened with a minimum deposit of just $100, and it offers spreads from 1.1 pips with no commissions. On the other hand, the Professional Account requires a deposit of at least $5,000, but offers spreads from 0 pips and with a $6 commission per lot.
To reach out to EBC's customer support, clients can use either live chat, phone or email. Unfortunately, the broker has not provided any information about its support team's working hours, which makes us doubt that 24 hour support is available. There is also no information about which languages support is offered in.
All in all, we see EBC Financial Group as a competitive broker that should be taken into consideration, especially for traders who mainly trade forex. With more than 80 FX pairs available, EBC's offering in this area is stronger than most other brokers we have reviewed. For other asset classes, however, there is no doubt that other brokers can offer more choices, including trading on other trading platforms than the one supported by EBC.
