Exploiting Online Platforms: EBC Warns against Impersonators

<p><span>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.</span></p>
<h1><span>EBC
Warns against Impersonation and Scams</span></h1>
<p><span>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.</span></p>
<p><span>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. </span></p><p><span>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.</span></p>
<p><span>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. </span></p>

<h2><strong><span>EBC
Gains Membership Approval from the Financial Commission</span></strong></h2>
<p><span>In
an earlier report at <a href="https://www.financemagnates.com/">Finance
Magnates</a>, it was stated that the <a href="https://www.financemagnates.com/institutional-forex/fincom-grants-membership-to-ebc-financial-group/">Financial
Commission (FinCom) had officially granted membership to EBC</a>. The approval,
effective from July 5, was confirmed by an official statement released by the firm. </span><span><a href="https://www.financemagnates.com/tag/ebc-financial-group/">EBC</a> 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.</span></p>

<p><span>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.</span><span> 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.</span></p>

<p><span>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.</span></p><p><br></p>

This article was written by Tareq Sikder at www.financemagnates.com.