ENFOGEN LIMITED Broker Review

　　

Enfogen Limited 2025 Review: Everything You Need to Know

　　Summary: Enfogen Limited has garnered a largely negative reputation among users and experts alike, primarily due to its lack of regulation and numerous complaints regarding withdrawal issues. The broker claims to offer competitive trading conditions and a wide array of assets, but its credibility is heavily questioned in the forex community.

　　Note: It is important to recognize that multiple entities operate under similar names, which can lead to confusion. The following review focuses on the Enfogen Limited associated with the website efghmarkets.com, which has been flagged for fraudulent activities.

　　

Ratings Overview

Criteria	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service and Support	2
Trading Setup (Experience)	3
Trustworthiness	1
User Experience	3

　　How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and the availability of essential trading features.

　　

Broker Overview

　　Founded in 2014 and headquartered in Milton Keynes, England, Enfogen Limited presents itself as a forex broker offering a variety of trading options. The platform claims to provide access to multiple asset classes, including currency pairs, commodities, and cryptocurrencies. However, it lacks regulation from prominent financial authorities such as the UKs Financial Conduct Authority (FCA), raising significant concerns regarding investor protection. The trading platform cited is ST5, which is known for its user-friendly interface but has not been positively received by users of Enfogen Limited.

　　

Detailed Section

　　

Regulatory Environment

　　Enfogen Limited operates without regulation, a critical factor that significantly impacts its credibility. According to reviews, the absence of oversight from reputable bodies like the FCA or ASIC poses serious risks for potential investors. This lack of regulatory framework often correlates with issues such as fund mismanagement and fraudulent practices. Users have reported difficulties in withdrawing their funds, which is a common red flag in unregulated environments.

　　

Deposit and Withdrawal Methods

　　The available deposit and withdrawal methods for Enfogen Limited remain unclear, with many users expressing frustration over their inability to withdraw funds. Complaints frequently mention unexpected fees and prolonged delays in processing withdrawal requests. Given the absence of transparent information regarding these processes, potential investors should exercise extreme caution.

　　

Minimum Deposit

　　The minimum deposit required to open an account with Enfogen Limited is not explicitly stated in the sources reviewed. However, it is advisable for potential investors to be wary of any upfront costs, especially considering the numerous reports of clients being unable to access their funds after making deposits.

　　

Bonuses and Promotions

　　Enfogen Limited appears to offer various promotional incentives; however, the legitimacy of these promotions is questionable. It is essential for traders to read the fine print and understand the terms associated with any bonuses, as unregulated brokers often use such tactics to entice new clients without delivering on their promises.

　　

Asset Classes

　　The broker claims to provide access to a diverse range of trading instruments, including forex pairs, commodities, and cryptocurrencies. However, the actual execution of trades and the reliability of the asset offerings remain in doubt due to the broker's unregulated status.

　　

Costs (Spreads, Fees, Commissions)

　　Enfogen Limited advertises competitive spreads, claiming to offer low transaction costs. However, the lack of transparency surrounding hidden fees and commissions raises concerns. Users have reported unexpected charges that diminish the overall trading experience, making it vital for potential clients to approach the advertised costs with skepticism.

　　

Leverage

　　The leverage options provided by Enfogen Limited are not clearly outlined in the available reviews. Traders should be cautious, as high leverage can amplify both profits and losses, and without proper regulatory oversight, the risks involved may outweigh the potential rewards.

　　

Trading Platforms Allowed

　　Enfogen Limited promotes the ST5 trading platform, which is known for its advanced charting capabilities and user-friendly interface. However, the feedback from users indicates that the platform may not function as effectively as claimed, particularly in the context of an unregulated broker.

　　

Restricted Regions

　　While specific information regarding restricted regions was not detailed in the sources reviewed, it is advisable for potential clients to check local regulations and restrictions before engaging with Enfogen Limited.

　　

Available Customer Support Languages

　　Customer support is a critical factor for any trading platform. Enfogen Limited's support has been criticized for being unresponsive, particularly when clients attempt to resolve withdrawal issues. The lack of clear communication channels and support options further exacerbates user frustrations.

　　

Repeated Ratings Overview

Criteria	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service and Support	2
Trading Setup (Experience)	3
Trustworthiness	1
User Experience	3

　　

Detailed Breakdown

• Account Conditions: Users have reported unfavorable account conditions, including hidden fees and poor withdrawal processes. This leads to a low rating of 3.
• Tools and Resources: While Enfogen Limited claims to have a robust trading platform, the actual user experience does not reflect this, resulting in a rating of 4.
• Customer Service and Support: The majority of user reviews highlight a lack of effective customer support, particularly during withdrawal attempts, warranting a low score of 2.
• Trading Setup (Experience): The trading experience has been marred by various issues, leading to a rating of 3.
• Trustworthiness: Given the lack of regulation and numerous complaints, the trustworthiness of Enfogen Limited is rated at 1.
• User Experience: Overall user experiences have been predominantly negative, resulting in a rating of 3.

　　In conclusion, the Enfogen Limited review indicates a broker that lacks the necessary regulatory framework to protect investors. With numerous complaints regarding withdrawal issues and customer service, potential clients should approach this broker with caution. The absence of transparency and the presence of red flags suggest that seeking alternative, regulated brokers would be a wiser choice for investors looking to navigate the forex market safely.