The UK FCA is the strictest and most authoritative regulation in the world, and its Twin Peaks regulatory regime, together with the UK PRA, is a model for global financial regulation and has become a commonly adopted model in developed financial markets around the world today.
The effective and transparent regulatory system of the FCA in the UK is closely related to London’s position as a global financial centre for a long time. As the birthplace of key financial products such as CFDs, the UK has worked out a set of sound, efficient and transparent supervision and prevention mechanisms in its long-term regulatory paradigm.
EBC Financial Group, as a financial broker born in London, UK, has always been committed to providing the safest protection for traders within the framework of FCA compliance regulation. At the same time, being located in the City of London also gives EBC Group a forward-looking perspective on the regulatory changes and compliance requirements in the UK.
Based on the MiFID II regulations and the FCA’s requirements on provisioning coverage, licensed brokers who open FCA accounts for traders are required to post a full margin of £2,000,000, in addition to an application fee of either £125,000 or £730,000, to act as an additional hedge against risk; the FCA will have the right to require additional margin from a trading broker when it determines that the trading broker’s funds are insufficient to cover the full risk.
As such, EBC Group provides regular professional audit reports to the FCA and ensures that account margins meet risk provisioning and regulatory compliance requirements, providing traders with professional and comprehensive protection.
As an FCA licensed broker, EBC Financial Group deeply agrees with the FCA’s regulatory concepts, and will be compliant with the operation of the development of every link, and actively build multiple protection for traders.
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