EnclaveFX Review: Is Enclavefx a Legit or a Scam Broker?
EnclaveFX’s website is organized well and easy to navigate, providing information about their company and their trading conditions. The visuals are attractive, and the trading terms are inviting, however, we cannot recommend EnclaveFX due to their lack of a license to provide online trading services. Read all the information you should know concerning this brokerage in this EnclaveFX review.
Website – https://enclavefx.com/
Address – 2nd Floor, College House, 17 King Edwards Road, Ruislip, London, UNITED KINGDOM, HA4 7AE
Regulation – Unregulated
Warned By – Financial Conduct Authority (United Kingdom)
Domain Age –
|January 11, 2020
|2 years, 5 months, 20 days, 12 hours, 17 minutes, 38 seconds
Enclavefx.com is a web-based trading system that utilizes computer software to facilitate trades in a connected network. This platform makes it possible for individuals to generate income through investing in currencies, commodities, bonds, stocks, indices, and digital assets such as Bitcoin, USDT, Ethereum, and more.
Is EnclaveFX a Legit Broker?
It is not recommended to deposit funds with EnclaveFX, which is an unregulated broker without proven credibility and legitimacy. On the website, no mention of licensing or regulation from the Financial Conduct Authority (FCA) can be found, as this type of license is necessary for financial service providers in this country but is difficult to obtain. Consequently, those who choose to use EnclaveFX put their investments at risk due to a lack of security assurances and may end up losing all their funds as many unregulated brokers have been known to operate fraudulent activities.
The MetaTrader5 (MT5) is the most recent software from MetaQuotes, with most of its features and functions conserved from MT4. It likewise provides the possibility to transact in exchange-traded stocks and derivatives from a single account. However, given that there are questions about EnclaveFX’s trustworthiness, we suggest taking a look at these licensed and secure MT5 brokers instead.
EnclaveFX Withdrawal Issues
EnclaveFX accepts wire transfers and Bitcoin as deposit methods, both of which do not offer a chargeback option. Unfortunately, EnclaveFX does not accept credit cards. Although the stated minimum deposit amount for an account is only $10, deposits must be in multiples of $50 or more to be accepted. There is no specific withdrawal policy outlined on the EnclaveFX website, meaning that investors may find it difficult and costly to withdraw funds.
EnclaveFX Red Flags
Information about the owner of Enclavefx is not available, making the legitimacy of this website questionable. Further examination shows that it is utilizing duplicate content, which raises additional doubt regarding its reliability. Its Trust Score is also extremely low.
EnclaveFX Review Conclusion
In conclusion, after thorough investigation and analysis, it is evident that EnclaveFX operates as a scam. The company has consistently exhibited deceptive practices and failed to deliver on its promises. Numerous reports from customers reveal significant financial losses and difficulty in withdrawing funds. Furthermore, EnclaveFX lacks proper regulation and transparency, raising concerns about the legitimacy of its operations. Potential investors must exercise extreme caution and avoid any involvement with EnclaveFX. The risks associated with this platform far outweigh any potential benefits, making it clear that EnclaveFX is an unreliable and fraudulent entity.
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