EBC Financial Group, which trades as EBC, is a forex and CFD brand whose site ebc.com describes it as a co-brand shared by a group of companies. Since mid-2026 the site’s terms, risk notice and execution policy have named EBC Financial (MU) Limited, licensed in Mauritius, while its footer and copyright line still name EBC Financial Group (SVG) LLC, a St Vincent and the Grenadines company with no financial licence. The group also has an FCA-authorised UK company that serves professional clients only, a Cayman Islands company licensed by CIMA and owned by the UK company, an Australian company that gives general advice and arranges deals, a South African financial services provider and companies in the Comoros and Cyprus. Companies House names Ideale Capital Limited of the Cayman Islands as parent of the UK company and Qin Huazheng as its ultimate controller.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Cayman Islands Monetary Authority (CIMA) | 2038223 | EBC Financial Group (Cayman) Limited | Authorised Checked 26 Oct 2026 | Register entry for EBC Financial Group (Cayman) Limited (opens in a new tab) 3 |
| Financial Conduct Authority (FCA) | 927552 | EBC Financial Group (UK) Ltd | Authorised Checked 26 Oct 2026 | Register entry for EBC Financial Group (UK) Ltd (opens in a new tab) 2 |
| Australian Securities and Investments Commission (ASIC) | AFSL 500991 | EBC Financial Group (Australia) Pty Ltd | Authorised Checked 26 Oct 2026 | Register entry for EBC Financial Group (Australia) Pty Ltd (opens in a new tab) 4 |
| Financial Sector Conduct Authority (FSCA) | FSP 51541 | EBC Financial Group SA (Pty) Ltd | Authorised Checked 26 Oct 2026 | Register entry for EBC Financial Group SA (Pty) Ltd (opens in a new tab) 5 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
EBC’s UK, Cayman, Australian and South African licences match their regulators’ records; we could not check the Mauritius licence because the FSC’s register blocked our requests. International clients of ebc.com deal with EBC Financial (MU) Limited, named in the current terms, or EBC Financial Group (SVG) LLC, which the site says is authorised by St Vincent’s FSA although that authority issues no forex licences; the site also presents a Comoros company as authorised by an Anjouan authority that the Central Bank of the Comoros calls fictitious. ebc.com publishes no client agreement. The Mauritius company’s May 2025 agreement, on a separate site, has no client money segregation or negative balance terms, and the execution policy makes clients pay any deficit after a stop-out. The site still says the St Vincent company is a Financial Commission member offering compensation of up to EUR 20,000, but the Commission expelled EBC Financial Group with effect from 31 August 2026 for repeated failures to follow its rules. The Mauritius company’s complaints procedure names the Office of the Ombudsperson for Financial Services. Companies House names Qin Huazheng as ultimate controller of the UK company and its Cayman subsidiary; the UK group’s audited accounts were filed late, in 2026, and report that a former director misappropriated funds from the company’s bank account after the 2025 year end. Brazil’s CVM ordered EBC Financial Group and its Brazilian partners to stop offering services to Brazilian residents in June 2025.
The four licences we could check are shown as current, with no suspension or restriction; CIMA’s latest published list is dated 31 December 2025.
The funding page gives the methods, limits, processing times and conditions and says EBC charges no deposit or withdrawal fees; the Cayman company publishes its own withdrawal policy.
Every page carries a risk warning that CFDs are complex and that clients may lose some or all of their capital, and none of the regulators of the companies behind ebc.com requires the share of losing accounts.
Reduced the enforcement dimension by 10 points (moderate severity, 1.4 years before the review).
Not met The footer says EBC Financial Group (SVG) LLC is authorised by the St Vincent and the Grenadines FSA, which issues no forex or brokerage licences, and that the Comoros company is authorised by the Anjouan Offshore Finance Authority, which the Central Bank of the Comoros calls a fictitious structure. The homepage headline “Regulated by the UK FCA, Cayman Islands CIMA, Australian ASIC, South African FSCA” appears on a site whose products the terms attribute to the Mauritius company. The FCA, CIMA, ASIC and FSCA licences listed match the registers.
Not met No compensation scheme covers clients of the Mauritius, St Vincent or Cayman companies. The Financial Commission compensation fund the site still offers ended with EBC’s expulsion on 31 August 2026, and the FSCS cover applies only to eligible clients of the UK company, which serves professional clients only.
Not met The current execution policy and the St Vincent company’s risk notice make clients pay any amount still due after a stop-out, and the Mauritius client agreement says losses may far exceed the money invested; none offers negative balance protection.
Partly met We matched the Cayman company on CIMA’s published list of licensees, the UK company on the FCA’s list, the Australian company on ASIC’s dataset and the South African company on the FSCA’s register. We could not check the Mauritius licence of EBC Financial (MU) Limited, which the site’s terms name, because the FSC’s register blocked our requests, and EBC Financial Group (SVG) LLC, named in the footer, holds no financial licence.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 123456
We matched the Cayman company on CIMA’s published list of licensees, the UK company on the FCA’s list, the Australian company on ASIC’s dataset and the South African company on the FSCA’s register. We could not check the Mauritius licence of EBC Financial (MU) Limited, which the site’s terms name, because the FSC’s register blocked our requests, and EBC Financial Group (SVG) LLC, named in the footer, holds no financial licence.
Permissions cover the services offered 134578
CIMA lists the Cayman company as a broker-dealer, but the UK company serves professional clients only, the Australian company gives advice and arranges deals and does not issue products, and the South African company is an intermediary. The companies behind ebc.com are a Mauritius company whose permissions we could not see and an unlicensed St Vincent company.
Regulatory claims on the website are accurate 123456910
The footer says EBC Financial Group (SVG) LLC is authorised by the St Vincent and the Grenadines FSA, which issues no forex or brokerage licences, and that the Comoros company is authorised by the Anjouan Offshore Finance Authority, which the Central Bank of the Comoros calls a fictitious structure. The homepage headline “Regulated by the UK FCA, Cayman Islands CIMA, Australian ASIC, South African FSCA” appears on a site whose products the terms attribute to the Mauritius company. The FCA, CIMA, ASIC and FSCA licences listed match the registers.
Clients can tell which regulated entity serves them 191112131415
The footer lists the companies and says the Australian company does not provide the products on the site, but it does not say which company signs up which clients. The current terms, risk notice and execution policy name EBC Financial (MU) Limited, while the footer, the copyright line and the privacy policy’s file name point to EBC Financial Group (SVG) LLC, which issued the same documents until at least May 2026, and ebc.com publishes no client agreement.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Legal entity details are published 116171819
The footer and the companies’ own sites give names, registration numbers and addresses for the St Vincent, Cayman, UK, Australian, South African and Cyprus companies, but only a licence number and an address for EBC Financial (MU) Limited, and no number for the Comoros company.
Ultimate ownership can be identified 11920
Companies House and the UK group accounts name Ideale Capital Limited (Cayman Islands) as parent of the UK company, which owns the Cayman company, and Qin Huazheng as the ultimate controller. We found nothing that names the owners of the Mauritius and St Vincent companies behind ebc.com.
Group structure is explained 120
The site calls EBC Financial Group a co-brand shared by a group of companies, describes the Australian company as a related but separately managed company and the Cyprus company as a payment facilitator, and the UK accounts show the Cayman company as its subsidiary, but nothing explains how the Mauritius, St Vincent, South African and Comoros companies are owned or related.
Directors or senior managers are identified 5192122
Companies House names the UK company’s directors, and a 2025 news release names David Barrett as the UK company’s chief executive, though he left its board in March 2026. The about page names no managers, and we found none for the Mauritius, St Vincent or Cayman companies.
Financial statements are available 111920
The UK company files audited group accounts that include the Cayman company, but its accounts for 2023 to 2025 were filed late, in 2026, after a strike-off notice, and the 2025 accounts report that a former director misappropriated funds from the company’s bank account. We found no financial statements for the Mauritius or St Vincent companies.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Client money segregation is disclosed 13232425
The St Vincent company’s risk notice (May 2026) held client money on trust, segregated from its own account, and the site says the UK and Cayman companies keep client funds in separate Barclays accounts. The Mauritius company’s client agreement has no segregation terms, and its current risk notice lets it pass client money to third parties abroad, where it may be pooled, and deposit it with a depository holding a lien.
Retail clients have negative balance protection 122425
The current execution policy and the St Vincent company’s risk notice make clients pay any amount still due after a stop-out, and the Mauritius client agreement says losses may far exceed the money invested; none offers negative balance protection.
An investor compensation scheme applies 7232627
No compensation scheme covers clients of the Mauritius, St Vincent or Cayman companies. The Financial Commission compensation fund the site still offers ended with EBC’s expulsion on 31 August 2026, and the FSCS cover applies only to eligible clients of the UK company, which serves professional clients only.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 10 points.
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
A complaints procedure is published 113233
The Mauritius company’s procedure gives contact details and a one-month target, and the Cayman company’s gives response times of three working days and four to eight weeks. ebc.com itself publishes no complaints procedure, and the Mauritius procedure’s email address is on a domain that is not EBC’s.
Independent dispute resolution is available 273233
The Mauritius company’s procedure names the Office of the Ombudsperson for Financial Services. Cayman clients can only go to CIMA, the regulator, and the St Vincent company lost access to the Financial Commission when it was expelled in August 2026.
Independent complaint outcomes show no adverse pattern 31
We found no published ombudsman or dispute-body decisions about the EBC companies that serve clients.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
Costs are disclosed before account opening 13252834
EBC publishes minimum spreads, the Professional account’s USD 6 commission and the absence of deposit and withdrawal fees, but we found no swap rates, which the risk notice says are on the website, and no inactivity terms, and the Mauritius agreement converts payments at the market rate without stating any charge.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
Marketing claims are accurate and attributable 1610232736
The security page still tells clients that the St Vincent company is a Financial Commission member offering up to EUR 20,000 of compensation, although the Commission expelled EBC on 31 August 2026, and the footer presents a St Vincent registration and an Anjouan “authorisation” as regulation. The homepage claims government-backed compensation schemes, “over 8 million traders” next to “800+” registered users and execution statistics without sources; its awards are attributed to named organisers.
An address and working contact channels are published 15171932
EBC gives cs@ebc.com, live chat, a London address and telephone number, and addresses for the other companies, and the UK and South African addresses match the registers. No telephone is given for the Mauritius company on ebc.com, its complaints email is on another firm’s domain, and the Cayman company gives the London office as its physical address.
Material changes are communicated 91215252637
Documents are dated and an announcements page carries trading notices, but EBC may change its terms and policies without prior notice, changes to the Mauritius agreement bind clients five working days after posting, and we found no notice of the change of contracting company from the St Vincent to the Mauritius company in 2026 or of the end of the Financial Commission membership.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Financial Services Commission, Mauritius (FSC) · Reference GB24203273 16
Stated by EBC on ebc.com and ebcfin.mu. The FSC Mauritius register put our request through a bot check (Incapsula) on 26 October 2026, which we did not get around.
No licence recorded for this entity.
Cayman Islands Monetary Authority (CIMA) · Reference 2038223 3
Securities investment business: broker-dealer and securities arranger
Listed on CIMA’s quarterly list of securities investment business licensees at 31 December 2025, licensed on 14 March 2024. CIMA’s online search requires a reCAPTCHA, so we used the published list, the latest we found.
Financial Conduct Authority (FCA) · Reference 927552 2
Dealing as matched principal under a limited licence, for professional clients and eligible counterparties (EBC’s description)
Authorised since 8 February 2021. The FCA list does not show permissions; the description is EBC’s.
Australian Securities and Investments Commission (ASIC) · Reference AFSL 500991 4
General advice and dealing by arranging in derivatives, foreign exchange contracts, securities and other products, for retail and wholesale clients
Financial Sector Conduct Authority (FSCA) · Reference FSP 51541 5
Category I: advice and intermediary services, including derivative instruments and forex investment
Authorised since 6 July 2021. The FSP register covers advice and intermediary services; we did not check the separate list of authorised over-the-counter derivative providers.
No licence recorded for this entity.
No licence recorded for this entity.
No licence recorded for this entity.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
On 18 June 2025 the CVM said EBC Financial Group and its partners in Brazil, Santo Trader Treinamento Profissionais Ltda. and its partner Oliver Augusto Moreno Spanghero, which maintain www.ebc.com/pt/, were seeking clients resident in Brazil for securities transactions without authorisation. By Ato Declaratório 23.512 of 13 June 2025 it ordered the immediate suspension of any public offer of securities intermediation services, under a daily fine of BRL 1,000 for non-compliance.
Firms can respond to their profile and to any finding. No response has been published for EBC Financial Group. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 26 Oct 2026 | Trust score 63 out of 100 Mixed | 1.2 | Current |
No corrections have been made to this profile.
The homepage calls EBC the “World’s Best Broker”, “the choice of over 8 million traders worldwide” and says it is “Regulated by the UK FCA, Cayman Islands CIMA, Australian ASIC, South African FSCA”. It says client funds held by the UK and Cayman companies are deposited with tier one banks and that EBC complies with FCA, CIMA and ASIC rules, takes part in government-backed compensation schemes and holds insurance with Lloyd’s of London. Its statistics give USD 2,760 billion of average monthly volume, “800+” registered users, 100 countries and “87.6%” for “5 Consecutive Years of Withdrawals”, and say that 87.6% of orders are executed at a better price than requested and that its order optimisation ranks in the top 2.5% of the industry, without sources. The footer says EBC Financial Group is a co-brand shared by a group of companies including EBC Financial Group (SVG) LLC, which it says is authorised by the St Vincent and the Grenadines Financial Services Authority (353 LLC 2020, Euro House, Richmond Hill Road, Kingstown), and lists as other relevant companies EBC Financial Group (UK) Limited (FCA 927552, The Leadenhall Building, 122 Leadenhall Street, London, telephone +44 207 786 3550), EBC Financial Group (Cayman) Limited (CIMA 2038223), EBC Financial Group SA (Pty) Ltd (FSCA FSP 51541, 2020/665886/07, 18 Cavendish Road, Claremont, Cape Town), EBC Financial (MU) Limited (FSC Mauritius GB24203273, 3rd Floor, Standard Chartered Tower, Cybercity, Ebene), EBC Financial Group (Comoros) Limited (said to be authorised by the Anjouan Offshore Finance Authority, L 15637/EFGC, Hamchako, Mutsamudu), EBC Financial Group (Australia) Pty Ltd (ACN 619 073 237, ASIC 500991; the products on the site are not provided by it) and EBC Group (Cyprus) Ltd (HE 449205, 101 Gladstonos, Limassol, payment services). The copyright line names EBC Financial Group (SVG) LLC. The risk warning gives no share of losing accounts. We ignored text inside HTML comments.
Shows EBC Financial Group (UK) Ltd (FRN 927552, LEI 213800NWE7NNQGFMET63), first authorised on 8 February 2021, with status Authorised. The list does not show permissions.
Lists EBC Financial Group (Cayman) Limited under licence number 2038223, licensed on 14 March 2024, as a broker-dealer and securities arranger. This is the latest list we found; CIMA’s online entity search requires a reCAPTCHA, which we did not get around.
The October 2026 extract (updated 21 October 2026) lists EBC Financial Group (Australia) Pty Ltd (ABN 39 619 073 237) under AFS licence 500991 since 24 January 2018, at The Rocks NSW, authorised to give general advice on and deal by arranging in deposit products, derivatives, foreign exchange contracts, government debentures, managed investment schemes and securities, for retail and wholesale clients. It does not authorise issuing derivatives.
The FSCA’s FSP search lists EBC FINANCIAL GROUP SA (PTY) LTD, a private company registered as 2020/665886/07, as an authorised financial services provider under number 51541 since 6 July 2021, at 18 Cavendish Road, Claremont, Cape Town, approved under Category I for advice and intermediary services in products including derivative instruments and forex investment. It shows a compliance officer but no representatives or key individuals.
An archived copy, taken on 16 January 2025, of the FSA’s alert of 23 June 2021: the FSA does not issue licences for forex trading or brokerage and does not regulate, monitor, supervise or license companies that engage in it, and no authority in St Vincent and the Grenadines issues forex or brokerage licences. The FSA’s current site did not show the page.
Says EBC Financial Group (UK) Ltd is authorised by the FCA to deal as principal under a limited licence as a matched principal broker, passing all orders to liquidity providers, that it serves only professional clients and eligible counterparties with leverage of up to 100:1, that their funds are held in an account with Barclays Bank PLC, and that its clients may claim up to GBP 85,000 from the FSCS.
Says EBC Financial Group (Australia) Pty Ltd (ABN 39 619 073 237, AFSL 500991) gives general advice through subscriptions and meetings and offers dealing services, helping clients onboard with licensed brokers and product issuers in Australia; it is not a product issuer. Its services are for Australian residents only. Address Level 34, Grosvenor Place Tower, 225 George Street, Sydney.
Version July 2026. Says EBC Financial (MU) Limited is the owner of www.ebc.com and that the terms are governed by the law of Mauritius. EBC may amend the terms at any time without prior notice, effective on publication.
Communiqué of 15 June 2022: the Central Bank of the Comoros warns the public about fictitious structures claiming to issue licences to banks and financial institutions in the Union of the Comoros, naming among them the Anjouan Offshore Finance Authority, and says the licensing of banks and financial institutions in the Comoros is its exclusive remit. The document is a scan; we read it with text recognition.
Lists four documents: website terms and conditions, a risk disclosure and acknowledgement notice, a privacy policy (file named for EBC Financial Group (SVG) LLC) and an execution policy. No client agreement, complaints procedure or conflicts of interest policy is listed. Internet Archive copies of this page from March and September 2026 list the same four documents.
Version June 2026, provided by “EBC Financial Group (MU) Limited (Company Reference No. GB24203273)” at the Standard Chartered Tower, Ebene. EBC acts as principal and the sole execution venue, and may pass orders to third-party liquidity providers, which it does not name; the policy lists the criteria for choosing them and the execution factors. After a stop-out the client must pay any amount still due. Pending orders must be at least 50 points from the market price. EBC may withhold funds or impose a 5% penalty on the deposit for suspected bonus hunting, and may amend the policy at any time without prior notice. No conflicts of interest policy is published.
Version September 2026, issued by EBC Financial (MU) Limited as a supplement to the client agreement. It says spreads include a mark-up on liquidity providers’ prices, that commissions and swaps are charged explicitly and swap rates are on the website, that EBC may pass client money to third parties outside Mauritius such as brokers, banks and OTC counterparties, where it may be held in omnibus accounts and treated differently from money in a segregated account in Mauritius, and that client money may be deposited with a depository holding a lien or right of set-off.
Version May 2026. The file is named for EBC Financial Group (SVG) LLC, but the text names EBC Financial (MU) Limited as the operator of ebc.com.
An archived copy, taken on 12 February 2026, of the website terms then published on ebc.com. They name EBC Financial Group (SVG) LLC (353 LLC 2020, Euro House, Richmond Hill Road, Kingstown) as the owner of www.ebc.com and www.ebcfin.com. An archived execution policy of June 2025 (captured the same day) was also provided by the SVG company. EBC’s own site loads, but this document is no longer published there, so we read the copy kept by the Internet Archive.
Says CFD accounts are provided by EBC Financial (MU) Limited, licensed by the FSC Mauritius under licence number GB24203273, at the 3rd Floor, Standard Chartered Tower, Cybercity, Ebene. The site presents professional liquidity services and links the company’s client agreement, complaints procedure, privacy policy, client classification and execution policy. It gives the email cs@ebcfin.mu and no telephone number.
Says CFD accounts are provided by EBC Financial Group (Cayman) Limited, registration number WC-387792, registered at 190 Elgin Avenue, George Town, Grand Cayman, with its physical address at the Leadenhall Building, 122 Leadenhall Street, London. It presents the company as a broker and securities arranger offering professional liquidity and links its client classification, complaints procedure, execution, privacy and deposit and withdrawal policies. Contact email cs@ebcgroup.ky.
Says accounts are provided by EBC Financial Group (UK) Ltd to eligible counterparties and professional clients only, not to retail clients; company number 12503674, FCA 927552, registered and physical address at the Leadenhall Building, 122 Leadenhall Street, London. It links terms of business, a complaints procedure, an order execution policy and other documents, and warns that professional clients can lose more than they deposit.
Incorporated on 9 March 2020 as EBC Financial Group Limited and renamed in September 2023; registered office the Leadenhall Building, 122 Leadenhall Street, London. Directors: Christopher John Potts (since March 2020), Savvakis Ioannou and Rubinder Rehal (since 7 July 2026) and Christopher James Stiegeler (since 15 July 2026); David Andrew Barrett ceased to be a director on 30 March 2026 and Qin Huazheng, appointed on 24 March 2026, on 22 July 2026. Persons with significant control: Ideale Capital Limited (Cayman Islands, 359509), holding 75% or more of the shares, and Mr Qin Huazheng (Hong Kong, born 1988), holding 75% or more of the shares and votes and the right to appoint directors. The filing history shows a compulsory strike-off notice in October 2024, discontinued in November 2024, and the accounts for the years to September 2023, 2024 and 2025 filed in June and July 2026.
Filed on 26 July 2026 and audited by Fisher, Sassoon & Marks, which gave an unmodified opinion. The group is the UK company, a matched principal broker, and its wholly owned subsidiary EBC Financial Group (Cayman) Limited (broking in derivatives). The group made a loss in both years. The notes name Ideale Capital Limited as the parent, holding 100%, and “Q Huazheng” as the ultimate controller, and the strategic report says that after the year end a former director was found to have misappropriated funds from the company’s bank account, a matter under investigation by the authorities. The accounts are scanned; we read them with text recognition and do not rely on its figures.
Says EBC Financial Group was established in London, has offices in Tokyo, Sydney, Singapore and Hong Kong and a management team with over 30 years of experience, without naming anyone. It says EBC offers independent custodial accounts with Barclays Bank, insurance coverage exceeding USD 10 million a year and strict adherence to the UK’s client money (CASS) rules. Contact emails are given for cooperation, recruitment and feedback.
News release of 26 November 2025: EBC Financial Group SA (Pty) Ltd has been approved by the FSCA as an authorised financial services provider, an acquisition described as a first step towards future market access in South Africa. It quotes David Barrett as chief executive of EBC Financial Group (UK) Ltd.
Says the UK company provides execution services to professional clients only and that eligible claimants are protected by the FSCS up to GBP 85,000. Under “Corporate Banking Account” it says the UK and Cayman companies hold Barclays corporate accounts, that the UK company complies with CASS where appropriate and the Cayman company with CIMA’s Securities Investment Business Act, and that investor funds are held in bank accounts separate from EBC’s own. Under “Up to 20,000 EUR Extra Compensation” it says EBC Financial Group (SVG) LLC is a member of the Financial Commission, giving its eligible clients access to the Commission’s compensation fund of up to EUR 20,000 per client. Under “Over $30 Million in Insurance Coverage” it describes directors and officers and cyber insurance of GBP 2 million each from Lloyd’s for the UK and Cayman companies, AUD 2 million of professional indemnity insurance for the Australian company and over USD 25 million a year of insurance from QBE for its subsidiaries.
An archived copy, taken on 19 May 2026, of the risk notice then published on ebc.com, provided by EBC Financial Group (SVG) LLC (it also calls itself “EBC Group LLC”). Client money is held on trust and segregated from EBC’s own bank account, possibly pooled with other clients’ money, and may be deposited with a depository holding a lien or right of set-off. Clients can lose more than they invest and must pay any amount due after a stop-out. EBC’s own site loads, but this document is no longer published there, so we read the copy kept by the Internet Archive.
Version May 2025, linked from ebcfin.mu and governed by the law of Mauritius. It describes brokerage services in CFDs and lists the services of “Trading Pro”, a name not otherwise used, as if left from another firm’s template. It contains no client money segregation terms and no negative balance protection: losses may far exceed the money invested and the client must pay any outstanding balance. Payments are converted at the prevailing market rate, financing interest is set at EBC’s discretion without notice, and changes bind the client five working days after notice is posted on the website or on the next trade. Disputes go to the parties’ senior staff; no outside body is named.
The Financial Commission’s page for EBC Financial Group, updated on 21 October 2026, shows its membership status as expelled and says complaints against it can no longer be filed and that its clients are not protected by the compensation fund.
Announcement of 3 September 2026: the Financial Commission, an external dispute resolution organisation, expelled EBC Financial Group from membership as of 31 August 2026 following numerous failures to comply with its rules and guidelines, so its compensation fund can no longer be used for EBC’s clients.
Lists deposit and withdrawal methods (local banks, international wires, e-wallets, cards) with currencies, deposit limits and processing times (withdrawals in one working day, or three to seven for cards and three to five for wires), says EBC charges no deposit or withdrawal fees though banks may, that withdrawals go only to the client’s own account, that requests before 11:00 (GMT+3) are processed the same business day, and that a withdrawal with open positions must leave a margin level above 200%. It says funds are safeguarded in segregated accounts at international banks and that the UK company holds customer funds in a custody account under a CASS trust letter.
Withdrawals are usually processed within 24 hours and arrive in one to seven business days, wires in three to five; EBC charges no fees but banks may (typically USD 25 for an international wire). Withdrawals go back to the source, may be refused if the account could fall into deficit or below margin, and a handling fee may be charged when funds are withdrawn with little or no trading.
Market notice published on 18 June 2025: EBC Financial Group and its partners in Brazil, Santo Trader Treinamento Profissionais Ltda. and its partner Oliver Augusto Moreno Spanghero, which maintain www.ebc.com/pt/, were seeking clients resident in Brazil for securities transactions without CVM authorisation. By Ato Declaratório 23.512 the CVM ordered the immediate suspension of any public offer of securities intermediation services, under a daily fine of BRL 1,000.
On 26 October 2026 we searched CySEC’s 1,173 board decisions, the FCA’s warnings (site search), the CVM’s declaratory acts, KNF’s penalty lists, the Reserve Bank of India’s alert list (19 November 2025), Bank Negara Malaysia’s and the Securities Commission Malaysia’s alert lists (copies of 4 October 2026), the Japan FSA’s lists of warned unregistered firms (updated 23 October 2026) and the Financial Ombudsman Service’s decisions for EBC, EBC Financial Group and the company names, and ran web searches for actions by other regulators. We found the CVM’s 2025 stop order and nothing else; a New Zealand FMA warning about a look-alike domain is not about EBC.
Complaints can be made by telephone (+230 4642668), in person, in writing to the compliance officer at the Standard Chartered Tower, Ebene, or by email to complaints@efl.com, a domain that is not EBC’s. EBC aims to resolve complaints within one month. Clients may then complain to the FSC or, about improper conduct, to the Office of the Ombudsperson for Financial Services, whose address, telephone and email are given.
Complaints go to cs@ebcgroup.ky and then to compliance@ebcgroup.ky; they are acknowledged within three working days and answered within four weeks, or eight at most. Unresolved complaints may be referred to CIMA within a year, which the procedure describes as an impartial adjudicator.
Compares the Standard account (spreads from 1.1, no commission) and the Professional account (spreads from 0.0, commission USD 6 per lot), each with maximum leverage of 500:1, a 30% stop-out and lots of 0.01 to 40. No margin call level is given.
Says clients choose their leverage, that EUR/USD and gold typically offer up to 500:1 and exotic pairs such as USD/ZAR 50:1, and that maximum leverage falls to 1:100 near the daily and weekly close and to 1:200 around major data releases. The margin table by product loads by script and was empty in our copy. The homepage price table shows 1000:1 on gold and silver.
Lists awards each attributed to a named organiser (World Finance, Global Forex Awards, Online Money Awards, Professional Trader Awards, BrokersView, FollowMe, Rankia México and others).
Lists dated notices on trading hours, server maintenance, symbol changes, leverage changes for energy symbols (5 August 2026) and scam alerts. We found no notice about the change of the company named in the website terms and policies from EBC Financial Group (SVG) LLC to EBC Financial (MU) Limited or about the end of the Financial Commission membership.
Records Ato Declaratório 23.512 of 13 June 2025 against EBC FINANCIAL GROUP, published in the official gazette on 18 June 2025. The dataset runs to May 2026 and has no other entry for EBC.
Tell us about an error or send evidence. We read every report.