EBC Financial Group (EBC), a financial institution, has issued a warning to the public regarding a series of scams involving impostors posing as EBC staff members on various online platforms. The fraudulent activities span across webpages, apps, Facebook, Line, and other digital channels.

EBC Warns against Impersonation and Scams

EBC, founded in London and known for its brokerage and asset management, emphasizes that its sole official website is "https://www.ebc.com." Regulatory information associated with EBC Financial Group includes authorization and regulation by the Financial Conduct Authority for EBC Financial Group (UK) Ltd. Additionally, EBC Financial Group (Australia) Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission while EBC Financial Group (SVG) LLC is authorized by the St. Vincent and the Grenadines Financial Services Authority.

According to EBC, the institution does not provide any in-house mobile applications other than the official one developed by MetaQuotes. Clients are urged to download the official application software from MetaQuotes' official. The firm states that it does not engage in cryptocurrency trading and does not offer any Contracts for Difference products related to cryptocurrency.

EBC Financial Group (UK) Ltd does not authorize any individual or institution to provide investment recommendations. Clients are cautioned against accepting trading recommendations from individuals claiming to be EBC staff members.

The firm highlighted the right to take legal action against both organizations and individuals found misusing its name for fraudulent activities. For any losses incurred due to fraudulent acts, EBC is offering free legal assistance to victims. Those in need of support can visit the official website and contact customer service via email or live chat.

EBC Gains Membership Approval from the Financial Commission

In an earlier report at Finance Magnates, it was stated that the Financial Commission (FinCom) had officially granted membership to EBC. The approval, effective from July 5, was confirmed by an official statement released by the firm. EBC has joined a community of brokers and independent service providers utilizing the services offered by FinCom. The company extends its presence with offices in London, Tokyo, Sydney, Singapore, Hong Kong, Kuala Lumpur, and Bangkok.

FinCom is an independent third-party dispute resolution organization specializing in resolving disputes between traders and brokerage companies involved in various financial activities, such as foreign exchange, Contracts for Difference, derivatives services, and cryptocurrency trading. FinCom's services include the protection of up to EUR €20,000 per complaint submitted by its members, backed by the commission's compensation fund. With over 40 members, including names like Pepperstone, DLS, Exness, and Deriv.

While expanding its membership base, In the past, the commission has suspended certain members, including LordFX, Gann Markets, and BalansFX, for alleged non-compliance. It's important to note that suspension results in the forfeiture of access to the compensation fund for the affected brokers.