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EnclaveFX Forex Broker provides real users with 2 positive reviews, 4 neutral reviews and 14 exposure review!

EnclaveFX Broker Review

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EnclaveFX Review 20

Latest All(20) Positive(2) Neutral(4) Exposure(14)
Neutral

EnclaveFX has a standard minimum deposit that's fair for most traders. Their deposit and withdrawal process is straightforward and efficient, but it's not necessarily the fastest or most innovative.

Wingwing Ng
2024-07-23
Neutral
Near Real-Time Charts & Delayed P/L Calculation Issues

I want to say:1. Charts are not real time, only near real time. It’s noticeable when used on 1 minutes chart timing. 2. The profit/loss computation are not real time. Sometimes it’s really slow to update. You can see the difference in Closed position screen vs Position screen.

Tutunana
2024-04-25
Positive
EnclaveFX Review: Leverage Galore, $10 Entry, & Swift Support

Hellooo, Wall Street! So, a birdie told me about EnclaveFX, and I thought why not flutter over to UK waters for some trade winds? Been trading currencies, CFDs, metals, the works for a good few years now. These chaps have got their act together allowing max leverage of 1:500. Now, I like keeping a close eye on my dimes and dollars. Their initial deposit is just 10 bucks! Got my head spinning faster than the Wall Street bull! Had a bit of a spot while withdrawing, but hey, they have a live chat and a real human sorted me out. Kudos to them for that. Now, where's my cup of Joe?

sunny91
2023-12-01
Neutral
Trading Bliss Down Under: Aussie Trader's EnclaveFX Experience

Hey, mates! Here I am, just an Aussie bloke who's found his way to EnclaveFX. Been messing around with a couple of pips, mind you, the spread here starts at 0.0. It's like they've rolled out the red carpet for us traders. And with ASIC having their back, I can trade in peace. I'm a traditionalist at heart, you see. So, being able to do bank transfers for deposit and withdrawals? Mate, it's a beauty. Had an issue once, dropped them a line via email and 'bam', sorted out faster than a cookout on a hot day.

Kikoyo
2023-11-30
Exposure
EnclaveFX made up faking losing orders to take my money

EnclaveFX tricked me and took all my money. They changed my password and made it look like I lost money to take all my money. They didn't give me my money back and didn't reply to my messages. Instead, they made fake orders to have a reason to say no to my request. the former account manager of Enclavefx, brought me into the scam. Pratik Shah, the boss of Enclavefx, remains at large. They blacklisted me, and should be ashamed.

KuoChuan
2023-09-06
Exposure

EnclaveFX is a total SCAM. EnclaveFX made up fake losing orders to take my money. Be careful if you're considering using EnclaveFX. They tricked me and took all my money. They changed my password and made it look like I lost money to take all my money. They didn't give me my money back and didn't reply to my messages. Instead, they made fake orders to have a reason to say no to my request. The former account manager brought me into the scam. The boss of EnclaveFx remains at large. They blacklisted me.

KuoChuan
2023-09-01
Neutral
ExpertApeX Refund Ordeal: Fraught with Heartache, Cautionary Tale

exp ert ape x re fund org They are heart breaker, stay cleer! I had my worst experience with them, I would be penniless now if my review tittle ☝ had not ensured that I got refunded

FX6604321292
2023-07-23
Exposure
A heartless boss who doesn't pay commissions

IB Name: kimbo3456789@gmail.comSales Name: Muhammad MudassirI recommended a client to them, and after the client made money, the platform started not providing any funds, even principal. The platform received a total of $170000. All accounts and transactions of the customer have been converted into losses. The IB account attempted to increase the commission, but after obtaining approval, no payment was made. They do more publicity and want more customers, but they will close the company and run away with money within a year. Please do not trust this fake Dubai platform. Why didn't the boss with no conscience pay me the commission

12584612
2023-07-14

  

EnclaveFX 2025 Review: Everything You Need to Know

  EnclaveFX has garnered mixed reviews in the forex trading community, with a significant number of traders expressing concerns about its regulatory status and customer service. Established in 2018, the broker offers a range of trading instruments and claims to provide competitive trading conditions, but its self-regulated status raises red flags.

  Note: It's important to consider that different entities may operate under the same name in various regions, which can complicate the evaluation of their legitimacy. This review aims to provide a balanced perspective based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 4
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5
Overall 4

  We score brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2018, EnclaveFX is a forex broker headquartered in London, UK. The broker operates using the MetaTrader 5 platform, which is known for its advanced trading capabilities and user-friendly interface. EnclaveFX offers a diverse range of trading assets, including forex pairs, CFDs, cryptocurrencies, and metals. However, it is crucial to note that EnclaveFX is self-regulated and has not been authorized by any major financial regulatory body, such as the UK's Financial Conduct Authority (FCA).

  

Detailed Breakdown

  

Regulatory Status and Geographical Reach

  EnclaveFX operates without regulation, which is a major concern for potential traders. The FCA has issued warnings against the broker for providing financial services without proper authorization. As a result, traders may find themselves with limited legal recourse in case of disputes or issues with fund withdrawals. The lack of oversight raises questions about the safety of client funds and the overall integrity of the trading environment.

  

Deposit/Withdrawal Methods and Currencies

  EnclaveFX accepts various deposit and withdrawal methods, including bank wire transfers and cryptocurrencies like Bitcoin and Tether (USDT). The minimum deposit required to open a micro account is a low $10, making it accessible for new traders. However, the broker does not specify which payment methods can be used for deposits, which may create confusion. Withdrawals can take anywhere from 15 minutes to three hours, depending on the method used.

  

Bonuses and Promotions

  EnclaveFX does not currently offer any bonuses or promotional incentives for new clients. The absence of a welcome bonus or deposit bonus may deter some traders who are looking for additional value when starting their trading journey.

  

Available Asset Classes

  Traders can access a variety of asset classes with EnclaveFX, including over 35 forex currency pairs, CFDs, precious metals, and cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This variety allows traders to diversify their portfolios and take advantage of different market conditions.

  

Cost Structure

  EnclaveFX offers variable spreads that start from 0.0 pips on ECN accounts, while micro accounts have spreads starting at 2.2 pips. The broker does not charge commissions on most account types, but ECN accounts incur a commission of $10 per trade. This competitive pricing structure can be appealing, especially for high-frequency traders.

  

Leverage

  The broker provides a maximum leverage of up to 1:500, which can be attractive for experienced traders looking to maximize their trading potential. However, such high leverage also comes with increased risk, particularly for novice traders who may not fully understand the implications.

  

Trading Platforms

  EnclaveFX exclusively uses the MetaTrader 5 platform for trading, which is widely regarded for its advanced features and capabilities. However, the absence of MetaTrader 4 or a web-based platform may limit options for some traders who prefer those environments.

  

Restricted Regions

  While the broker does not explicitly list restricted countries on its website, the lack of regulation suggests that traders from certain regions may face challenges when attempting to open accounts or withdraw funds.

  

Customer Support

  EnclaveFX offers customer support through various channels, including email, phone, and live chat. However, user reviews indicate that response times can be slow, and the quality of support may not meet expectations.

  

Ratings Recap

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 4
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5
Overall 4

  In conclusion, EnclaveFX presents a mixed bag of features and services. While it offers a low minimum deposit and a range of trading instruments, its self-regulated status and lack of oversight raise significant concerns. Traders should exercise caution and conduct thorough research before engaging with this broker. For those interested in exploring other options, it may be wise to consider brokers that are regulated and have a proven track record of reliability.

  This comprehensive EnclaveFX review highlights the importance of understanding both the opportunities and risks associated with trading through this broker.