Ebury

Overview of Ebury

Ebury is a regulated financial institution based in the United Kingdom. While it holds licenses for payment services and investment advisory from the Financial Conduct Authority (FCA), concerns have been raised about the broker exceeding authorized limits set by the FCA and negative field survey reviews indicating potential risks and scams. Caution is advised when dealing with Ebury, especially considering the lack of information about their trading software.

Ebury offers specialized services tailored to e-commerce businesses, NGOs, charities, and businesses requiring mass payment solutions. Their Ebury Account provides features like simplified collections, international payment savings, working capital access, local fund collection, supplier payments, currency conversion, and e-commerce lending solutions. However, it's important to note the potential risks associated with Ebury's services as highlighted in the negative field survey reviews.

Ebury offers personal and business accounts for individuals and businesses to send and receive money globally. Opening an account involves visiting the Ebury website, choosing the account type, providing necessary details, reviewing the information for accuracy, and submitting the application. Ebury utilizes low commissions and offers deposit options through electronic payment or the SWIFT network for settlement. It's crucial to exercise caution and thoroughly evaluate the risks before engaging with Ebury's services.

Pros and Cons

Ebury, a regulated institution under the Financial Conduct Authority, offers a range of pros and cons for individuals and businesses. On the positive side, it provides tailored solutions for e-commerce, specialized services for NGOs and charities, and simplified global payments. Ebury also offers user-friendly digital platforms and APIs, personal and business account types, and low commissions with no hidden fees. Additionally, they provide market insights through their blog and podcast. However, there are concerns about exceeding authorized limits, negative field survey reviews, potential risks and scams, and the reported absence of trading software. It is important to exercise caution when dealing with Ebury, and it's worth noting that there is no demo account available.

Is Ebury Legit？

Ebury is a regulated institution in the United Kingdom. It holds licenses for payment services (License No. 900797) and investment advisory (License No. 784063), both regulated by the Financial Conduct Authority (FCA). However, there are some concerns regarding the broker's business scope, as it exceeds the authorized limits set by the FCA. Additionally, there have been negative field survey reviews about this broker, indicating potential risks and the possibility of scams. It is also worth noting that there is no information available about the broker's trading software. Caution is advised when dealing with Ebury.

Products

1. E-commerce:

The Ebury Account offers solutions tailored to e-commerce businesses. With this account, you can simplify collections, save on international payments, and access working capital, all from one platform. It provides features such as local collection of funds, supplier payments through local payments, currency conversion, and e-commerce lending solutions.

2. NGOs and Charities:

Ebury provides specialized services for NGOs and charities, addressing their unique challenges in processing global payments. The Ebury Online platform enables easy and fund transfers in over 80 currencies. Risk management solutions help reduce currency exposure, while Ebury Accounts offer local account details in multiple currencies for transactions.

3. Mass Payments Solutions:

Ebury's Mass Payments Solutions simplify the global payment process for businesses. Their bespoke solutions offer global currency coverage, payment processing, and on-time delivery in over 140 currencies to 200+ countries. Integration with payroll and ERP systems streamlines operations, reducing delays and lost payments. Ebury's commitment to on-time and payments, comprehensive reporting, and exceptional customer service makes them a preferred choice for clients across various sectors, including payroll, global pensions, insurance, expense management, financial services, travel, shipping, and international education.

Account Types

Ebury offers two types of accounts: personal and business. The personal account is designed for individuals to send and receive money globally. The business account is specifically tailored for businesses and charities that operate internationally.

How to Open an Account？

How to Open an Account

To open an account with Ebury, follow these steps:

1.Visit the Ebury website and click on the “Open Account” button.

2.Choose the type of account you need: personal or business.

3.Provide the required information in the “Signatory Contact Details” section, including your title, first name, last name, date of birth, nationality, email address, residential address, city, postcode, country, and telephone number.

4.Indicate if you work in any specific industries as requested.

5.Click on the “Continue” button to proceed.

6.Follow the prompts and complete the remaining sections, which may include providing additional details about yourself and agreeing to the terms and conditions.

7.Review the information you have entered and ensure its accuracy.

8.Submit your application.

Commissions

Ebury utilizes low commissions to attract business interest, with charges ranging from 0.15% to 1.5% per month. This is more favorable compared to the typical payment platforms that have an annual percentage rate (APR) of 1.8% to 18%. Ebury does not have guaranteed lines of credit or hidden fees, and interest is only charged on the withdrawn amount.

Deposit & Withdrawal

Ebury's deposit requirements include an initial deposit of 10% and variation margin terms of a 7% move and a subsequent 7% call of the notional amount of the position. Qualified clients assessed by their risk team may be eligible for a line of credit, which can improve the margin terms. Funds for settlement can be transferred via electronic payment, utilizing various payment schemes based on the country and currency for processing. If a local payment scheme is not available, funds will be sent via the SWIFT network. For more information on local currency payments, clients are advised to contact their Relationship Manager.

Trading Platforms

Ebury provides digital platforms and APIs for accessing and integrating their capabilities. They offer an online portal that serves as a comprehensive platform for managing overseas cash flows. The platform features payment infrastructure, continuous support, user-friendly interface, and enhanced reporting. Ebury also offers a mobile iOS app for managing global cash flows, and easy integration options through their APIs, which can automate payments and connect with existing tools.

VIDEO URL LINK: https://youtu.be/vIW9BamsGlY

Educational Resources

The Ebury Blog offers expert market insights and updates to help individuals navigate the global currency markets. It covers various topics, including security and fraud, such as tips to avoid phishing attacks. The blog also includes market analysis and reports, such as the impact of soft US payrolls data on the dollar. Written by contributors like Monika Ravey, it provides informative content in a readable format.

The Ebury Podcast, called FX Talk, offers financial market updates in 20-minute episodes. Hosted by top Bloomberg forecasters, it provides insights to make informed decisions without borders. Episodes cover a range of topics, including the diverging policies of major central banks versus emerging markets and navigating uncertain inflation outlooks. The podcast is available on various platforms for easy access.

Ebury Labs focuses on the technical and cultural aspects of the company. It offers articles on personal development, career paths, and competencies valued at Ebury. Additionally, Ebury Labs discusses the evolution of the company's technical strategy, the online publication of the Ebury Tech Code of Conduct, and the culture of remote working at Ebury. These resources provide insights into the company's growth, infrastructure, and commitment to inclusivity.

Customer Support

For customer support, you can get in touch with Ebury's experts by contacting their London office at +44 (0) 20 3872 6670. The office is located on the 3rd Floor, 100 Victoria Street, SW1E 5JL, London. Additionally, you can reach out to them via email and provide details such as your company, phone number, country, and message. There is also an option to receive market insight, product updates, and company news from Ebury.

Conclusion

In conclusion, Ebury is a regulated institution in the United Kingdom, holding licenses for payment services and investment advisory regulated by the Financial Conduct Authority. However, there are concerns about the broker's business scope exceeding authorized limits and negative field survey reviews indicating potential risks and possible scams. Ebury offers tailored solutions for e-commerce businesses, NGOs, and charities, as well as mass payment solutions. They provide personal and business accounts, with low commissions compared to typical payment platforms. Ebury's deposit and withdrawal processes involve specific requirements and various payment schemes. The company offers digital trading platforms and APIs for accessing their capabilities. Ebury provides educational resources through their blog, podcast, and Ebury Labs. Customer support is available through phone and email. Caution is advised when dealing with Ebury due to the mentioned concerns and negative reviews.

FAQs

Q: Is Ebury a legitimate institution？

A: Yes, Ebury is a regulated institution in the United Kingdom, holding licenses for payment services and investment advisory from the Financial Conduct Authority (FCA). However, caution is advised due to concerns about its business scope and negative reviews.

Q: What products does Ebury offer？

A: Ebury offers solutions for e-commerce businesses, NGOs and charities, and mass payments. Their services include simplified collections, international payments, working capital, fund transfers, risk management, and comprehensive reporting.

Q: What types of accounts does Ebury offer？

A: Ebury offers personal and business accounts. Personal accounts are for individuals, while business accounts are tailored for businesses and charities operating internationally.

Q: What are the commissions charged by Ebury？

A: Ebury utilizes low commissions ranging from 0.15% to 1.5% per month, which is more favorable compared to other platforms. They don't have hidden fees and interest is charged only on the withdrawn amount.

Q: How can I deposit and withdraw funds with Ebury？

A: Funds can be deposited through electronic payment using various payment schemes. If a local payment scheme is not available, funds can be sent via the SWIFT network. Withdrawal terms and requirements can be discussed with your Relationship Manager.

Q: What trading platforms does Ebury provide？

A: Ebury provides digital platforms and APIs for accessing their capabilities. They offer an online portal, a mobile iOS app, and integration options through APIs for cash flow management.

Q: What educational resources does Ebury offer？

A: Ebury offers an informative blog with market insights, a podcast called FX Talk for financial updates, and Ebury Labs with articles on personal development and technical aspects of the company.

Q: How can I contact Ebury for customer support？

A: You can contact Ebury's experts by phone, email, or visit their London office. They also offer market insight updates and company news.