EBC is a Contract for Difference (CFD) broker officially registered on April 15, 2024. The broker primarily offers a wide range of trading markets through its proprietary trading platform and mobile applications, including forex, stocks, futures, energy, precious metals, cryptocurrencies, CFDs, and more.
Corporate Registration Information and Regulatory Status:
Public information on the EBC official website reveals that its headquarters is located in New York, United States. Additionally, the broker is registered with and regulated by the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States, with an NFA ID of 0561418 and an MSB number of 31000263262302, respectively.
Upon verification, the National Futures Association (NFA) identifies the entity with NFA ID 0561418 as SMART GLOBAL, registered as a non-member entity that is not regulated by the NFA. The Financial Crimes Enforcement Network (FinCEN)'s official website shows that the entity with MSB number 31000263262302 is also SMART GLOBAL. However, FinCEN's primary mission is anti-money laundering and does not regulate normal financial derivative transactions. The relationship between EBC and SMART GLOBAL is also unclear.
Moreover, the broker's official website and those of LeSen Financial Limited, Gold Harbor, GO Markets, X Charter, Profit Pulse Limited, Capital Group, and other brokers show virtually identical web design and content.
Opening an Account:
To open an account with EBC: Visit the broker's official website, click "Open an Account" on the homepage or at the top right of the page to enter the account registration page. First, verify your email, then set a login password and submit. Once the application is submitted, the account is successfully registered.
Trading Account Information:
The EBC official website only discloses information on spreads, trading leverage, margin call/stop out levels, and contract sizes. It does not publish information on account types, trading commissions, minimum/maximum trading volume, maximum number of positions/orders, or minimum price precision.
- Spread: Floating spread
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
EBC provides users with the ST5 trading platform.
Deposits and Withdrawals:
EBC has not clearly stated its supported deposit and withdrawal methods, fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows warns investors that EBC is a foreign exchange scam website with opaque registration and regulatory information, and it is suspected of false advertising. The only way to contact this broker is through email, which is extremely limited. The website design and content of its official site use the same template as those of other brokers like Nuoanda, Accel, XRB-MAX, Ticmill, HANTEC FINANCIAL, and LeSen Financial Limited. Traderknows advises investors to opt for brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of scam" on Traderknows.
