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Written by Angelo Martins
Edited by David Johnson
Fact checked by Evelina Laurinaityte
Human moderated by Jason Peterson
Last updated October, 2024

EBC Financial Group Review (Updated for 2024)

We tested EBC Financial Group using real-money live accounts. Our reviews are unbiased and driven purely by data collected from live account testing, regulatory data, and feedback from actual customers. No fees were charged for the review, and we maintain editorial independence in our evaluations. Learn more on our About Us page.

EBC Financial Group Overall rating

4.1
Ranked 68 out of 827 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Popularity
3.3
3
Regulation
5.0
2
Pricing rating
4.6
1
User Rating
Not rated
3
Features
Not rated
1
Customer Support
Not rated
1

EBC Financial Group holds a solid reputation for reliability, reflected in its expert rating of 4.1 out of 5. The broker has earned top-tier regulatory licenses from entities such as ASIC and FCA, enhancing its trustworthiness in the industry. These ratings showcase its competitive pricing and regulatory compliance, though there is still room for growth in user engagement and broader asset offerings.

Pros

  • Regulated by top-tier authorities like ASIC and FCA.
  • Competitive spreads, especially in forex (2.04 pips on average).
  • Provides negative balance protection for most clients.

Cons

  • No user reviews available to assess customer satisfaction.
  • Higher-than-average swap rates compared to leading brokers.
  • Limited to CFDs on forex, stocks, indices, and commodities—lacks broader asset classes like ETFs and bonds.
* As of September 5, 2024

We tested EBC Financial Group through live accounts to ensure transparency and accuracy. All results are unbiased and derived from real-time trading data.

Trustworthiness & Regulation

EBC Financial Group, despite being a relatively new entrant (founded in 2020), holds licenses from reputable bodies like the ASIC in Australia and FCA in the UK. However, it is currently not accepting new retail accounts under these licenses. It offers services under several entities, including the Cayman Islands and Saint Vincent and the Grenadines, with different levels of leverage and client protection depending on jurisdiction.

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
EBC Financial Group (Australia) PTY Ltd* 30 : 1
EBC Financial Group (UK) Ltd** up to £85,000 30 : 1
EBC Financial Group (Cayman) Limited 500 : 1
EBC Financial Group (SVG) LLC 500 : 1

Deposit Insurance

While EBC offers investor compensation schemes under its FCA-regulated entity, similar protection is not available under all jurisdictions, particularly in Saint Vincent and the Grenadines and the Cayman Islands.

EBC Financial Group Account types

  Standard Pro
Maximum leverage500:1
Mobile PlatformMT4 Mobile
Trading platformMT4
Spread TypeVariable Spread
Minimum Deposit485000
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard
Maximum leverage 500:1
Trading platform MT4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 48
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Pro
Maximum leverage 500:1
Trading platform MT4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 5000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Spreads and Costs

EBC offers competitive spreads, averaging 2.04 pips for forex pairs, in line with the industry average. The broker also offers low commodity spreads, such as 0.12 for commodities. However, swaps can be higher than some competitors.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
EBC Financial Group – Standard - 2.04 - 0.12
FBS – Standard 24.41 2.13 - 0.19
IC Markets – Standard 9.29 1.51 1.23 0.10
RoboForex – Pro - 1.92 - 0.10
FxPro – Standard - 2.56 3.68 -
ThinkMarkets – Standard 24.73 3.80 3.02 0.20
IG – Standard 51.55 2.16 3.23 0.23

EBC Financial Group Profile

Company Name EBC Financial Group
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2020
Headquarters United Kingdom
Office Locations Australia, Hong Kong, Japan, Cayman Islands, Malaysia, Singapore, Thailand, United Kingdom
Account Currency USD
Support Languages Arabic, Chinese, English, Indonesian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Vietnamese
Funding Methods Bank Wire, China Union Pay, Credit/Debit Card, SticPay, Tether (USDT)
Financial Instruments Forex, Indices, Oil/Energies, Metals
Prohibited Countries Iran, United States
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Fixed spread
Variable spread

Education

EBC Financial Group places a strong emphasis on trader education, partnering with renowned traders like Joe DiNapoli. This partnership integrates advanced tools like DiNapoli indicators and provides webinars, workshops, and seminars focused on advanced market analysis and trading strategies. Additionally, EBC regularly hosts financial literacy workshops in regions like Southern Thailand to help local traders improve their understanding of secure trading practices.

Promotions

* As of September 5, 2024

EBC actively engages in promotional campaigns through partnerships and sponsorships, such as its collaboration with FC Barcelona, designed to increase its global visibility. Although specific trading-related promotions such as bonuses or rebates are not highlighted, the broker's recognition through awards like "Most Trusted FX Broker" and "Best CFD Broker" at the World Finance Awards 2024 reinforces its commitment to providing top-tier services.

Swap Rates and Financing Fees

* As of September 5, 2024

EBC Financial Group's average swap rates are in line with those of industry-leading brokers, with a notable average swap rate of -2.94 compared to IC Markets' -2.27. Traders should consider these costs, especially if they plan to hold positions for extended periods.

Broker Best Average NZDUSD Swap Short NZDUSD Swap Long USDJPY Swap Short USDJPY Swap Long XAUUSD Swap Short XAUUSD Swap Long
EBC Financial Group - -2.94 -0.13 -0.12 -2.93 0.86 15.91 -31.23
FBS - -4.38 -0.14 -0.06 -2.87 0.63 6.05 -29.90
IC Markets Best -2.27 -0.10 -0.14 -2.59 1.25 20.78 -32.84
RoboForex - -5.81 -0.23 -0.30 -3.56 1.22 -3.00 -29.00
FxPro - -4.03 -0.14 -0.15 -3.33 1.02 19.15 -40.75
ThinkMarkets - -3.27 -0.14 -0.14 -2.61 1.08 19.57 -37.37
IG - - - - - - - -

Comparison to Other Brokers

* As of September 5, 2024

While EBC Financial Group offers competitive forex and commodity spreads and is regulated by top-tier authorities, the lack of user reviews and higher swap rates may concern some traders. However, its award-winning customer service and advanced educational offerings help it stand out among newer brokers.

EBC Financial Group User Rating

0.0

EBC Financial Group reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

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EBC Financial Group Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Pro
Forex0.30 Pips$0.50 Per Lot
Oil / Energies0.30 Pips$0.50 Per Lot
Metals0.30 Pips$0.50 Per Lot
Indices0.30 Pips$0.50 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  Standard
Forex 0.30 Pips
Oil / Energies 0.30 Pips
Metals 0.30 Pips
Indices 0.30 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  Pro
Forex $0.50 Per Lot
Oil / Energies $0.50 Per Lot
Metals $0.50 Per Lot
Indices $0.50 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

Rebates are not paid for partially closed trades.

What are EBC Financial Group rebates?

Forex rebates reduce the spread or transaction cost paid by a trader on every trade, whether it’s a win or a loss. Rebate payment are offered in 3 forms including spread and commission reductions, daily trading account deposits, and monthly cash payments via bank wire, Paypal, Skrill and others.

How do EBC Financial Group rebates work?

When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.

How much EBC Financial Group rebates can I earn?

Use our forex rebate calculator to estimate your EBC Financial Group rebate earnings:

 
You must enter a valid number

Which EBC Financial Group rebate program is the best?

Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. Our clients can rest assured they are getting the highest rebates possible combined with the best possible customer support and consistent, timely and accurate rebates.

Will my EBC Financial Group spreads increase?

There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at EBC Financial Group.

How can it be better to work through a 'middle-man' than just working directly with EBC Financial Group?

EBC Financial Group rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.

A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.

Are EBC Financial Group rebates worth the effort?

The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. EBC Financial Group rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.

Why don't you offer more forex rebate brokers?

We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.

EBC Financial Group Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
EBC Financial Group (Australia) PTY Ltd* 30 : 1
EBC Financial Group (UK) Ltd** up to £85,000 30 : 1
EBC Financial Group (Cayman) Limited 500 : 1
EBC Financial Group (SVG) LLC 500 : 1

EBC Financial Group Symbols

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